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Korean semiconductor equipment maker: dry strip/clean, power-device etch and packaging reflow tools for chip fabs.
Korean semiconductor equipment maker: dry strip/clean, power-device etch and packaging reflow tools for chip fabs.
Sells equipment in orders tied to customers' fab expansions, and its dry-strip tools, which remove leftover resist after etching, are repeat purchases at Korean memory fabs. A holding company, with the operating business in a subsidiary.
In one line: A small, niche Lam Research (strip/clean tools).
Moat: narrow (customer qualification, process know-how). Qualified strip/clean tool at Korean fabs; switching a proven process tool is costly.
Headquarters: Hwaseong, South Korea · Employees: 133
Size Psk (031980.KS) is a South Korea Information Technology company (Semiconductors) with a market value of $1.89B, the 141st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩119,300 on 6 Nov 2026.
Performance Over six months the shares fell 4.0%, against -34.7% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 7.2% over the last twelve months (peer median +28.7%); the operating margin is 36.1% (peer median 9.4%).
Valuation It trades at 19.2× forward earnings against a peer median of 25.4× (7th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +39%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.4 points above its cost of capital (8.7% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩217B | ₩208B | ₩216B | ₩94.7B | ₩72.8B |
| Revenue growth | — | -4% | +128% | +30% | — |
| Gross profit | ₩132B | ₩126B | ₩132B | ₩54.6B | ₩39.4B |
| EBITDA | ₩85.3B | ₩80.3B | ₩94.5B | ₩31.6B | ₩21.6B |
| Net income | ₩103B | ₩91.7B | ₩95.8B | ₩42.7B | ₩40.8B |
| Free cash flow | ₩60.1B | ₩79.9B | ₩49.1B | ₩14.6B | ₩8.25B |
| Capital expenditure | ₩3.35B | ₩2.19B | ₩17.8B | ₩18.4B | ₩11.0B |
| Total debt | ₩12.8B | ₩13.9B | ₩16.4B | ₩19.8B | ₩18.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Psk 031980.KS | $1.89B | -4% | +7% | 36% | 19.2× | 19.3% |
| Tokyo Electron 8035.T | $122B | +41% | +18% | 28% | 23.1× | 28.8% |
| Kokusai Electric 6525.T | $7.62B | -21% | +15% | 19% | 20.0× | 30.9% |
| Screen 7735.T | $9.20B | -24% | +3% | 20% | 12.4× | 17.3% |
| ACM Research ACMR | $3.11B | -25% | +27% | 13% | 16.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 031980.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.5% | -25.1% | 5th lowest of 21 |
| 6-month return | -4.0% | -34.7% | 3rd highest of 21 |
| Distance from 52-week high | -45.5% | -53.0% | 7th highest of 21 |
| Revenue growth (TTM) | +7.2% | +28.7% | 7th lowest of 21 |
| Operating margin | 36.1% | 9.4% | 3rd highest of 21 |
| Forward P/E | 19.2× | 25.4× | 7th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 19.3% | 18.5% | 4th least demanding of 7 |
| Growth delivered (Del g) | +39.2% | +9.4% | highest of 7 |
| Hurdle (Req g minus delivered) | -19.9 pp | +10.0 pp | least demanding of 7 |
| ROIC minus cost of capital | +8.4 pp | -6.3 pp | 4th highest of 20 |
| EV / EBITDA | 27.8× | 10.2× | 2nd most expensive of 12 |
| Net debt / EBITDA | -2.4× | -0.0× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Psk 031980.KS | South Korea | $1.89B | -4% | +7% | 36% | 19.2× | 19.3% | +39.2% |
| Chengdu Sino-Microelectronics Tech 688709.SS | China | $1.90B | -47% | -15% | -19% | 29.9× | n/a | n/a |
| Siltronic WAF.DE | Germany | $1.86B | -46% | +1% | -16% | n/a | n/a | n/a |
| Emmvee Photovoltaic Power EMMVEE.NS | India | $1.84B | -5% | +116% | 29% | 11.4× | n/a | n/a |
| HPSP 403870.KS | South Korea | $1.95B | -37% | -20% | 53% | 22.1× | 15.6% | +23.1% |
| Southchip Semiconductor Technology (Shanghai) 688484.SS | China | $1.95B | -21% | +9% | -2% | 882.8× | n/a | n/a |
| ISC 095340.KS | South Korea | $1.82B | -50% | +61% | 30% | 29.8× | 10.5% | +12.6% |
| Cohu COHU | United States | $1.82B | -22% | +34% | -2% | 19.3× | 21.5% | -6.6% |
| Shanghai V-Test Semiconductor Tech 688372.SS | China | $1.82B | -53% | +53% | 18% | 29.2× | n/a | n/a |
| BOE HC SemiTek 300323.SZ | China | $1.81B | -38% | +23% | -8% | 53.6× | n/a | n/a |
| Elite Semiconductor Microelectronics Technology 3006.TW | Taiwan | $1.79B | +14% | +273% | 49% | 1.6× | n/a | n/a |
| ams-OSRAM AMS.SW | Switzerland | $1.78B | -16% | -3% | 8% | n/a | n/a | n/a |
| Shanghai New Vision Microelectronics 688593.SS | China | $1.76B | -22% | +7% | -4% | 643.2× | n/a | n/a |
| Ferrotec 6890.T | Japan | $2.08B | -19% | +43% | 12% | 8.3× | n/a | n/a |
| Changzhou Fusion New Material 688503.SS | China | $1.71B | -53% | +41% | 2% | 37.6× | n/a | n/a |
| China Wafer Level CSP 603005.SS | China | $2.10B | -31% | +7% | 23% | 28.7× | 28.3% | +6.2% |
| Beijing BDStar Navigation 002151.SZ | China | $2.10B | -36% | +35% | -14% | n/a | n/a | n/a |
| Risen Energy 300118.SZ | China | $1.71B | -42% | -52% | -39% | n/a | 38.4% | -4.7% |
| Micronics Japan 6871.T | Japan | $2.11B | -33% | +38% | 28% | 14.1× | n/a | n/a |
| Shoals Technologies SHLS | United States | $1.70B | +14% | +49% | 11% | 18.3× | n/a | n/a |
| Elmos Semiconductor ELG.DE | Germany | $2.13B | -36% | +9% | 20% | 16.2× | 12.9% | +20.2% |