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Korean maker of semiconductor back-end packaging equipment, notably thermo-compression bonders used to stack HBM memory chips.
Korean maker of semiconductor back-end packaging equipment, notably thermo-compression bonders used to stack HBM memory chips.
Sells machines in lumps tied to chipmakers' memory-capacity budgets, so orders come in waves. Its thermo-compression bonder, a machine that heats and presses memory chips into tall stacks, is the product that ties it to the HBM boom, and SK hynix is the principal buyer.
In one line: A small, HBM-focused Korean ASMPT/Besi..
Moat: narrow (customer qualification, process know-how, installed base). Tool-of-record for HBM stacking at SK hynix; TC-bonder qualification is slow and sticky.
Headquarters: Incheon, South Korea · Founded: 1980 · Employees: 737
Size HANMISemi (042700.KS) is a South Korea Information Technology company (Industrial Machinery) with a market value of $11.3B, the 38th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩161,400 on 6 Nov 2026.
Performance Over six months the shares fell 56.1%, against -25.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 14 in its peer set.
Growth Revenue fell 19.6% over the last twelve months (peer median +9.4%); the operating margin is 42.5% (peer median 14.8%).
Valuation It trades at 54.4× forward earnings against a peer median of 15.1× (most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 42% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +24 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 14.8 points above its cost of capital (11.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩551B | ₩577B | ₩559B | ₩159B | ₩328B |
| Revenue growth | — | +3% | +252% | -51% | — |
| Gross profit | ₩314B | ₩330B | ₩313B | ₩77.4B | ₩183B |
| EBITDA | ₩246B | ₩263B | ₩265B | ₩43.2B | ₩121B |
| Net income | ₩222B | ₩214B | ₩153B | ₩267B | ₩92.3B |
| Free cash flow | ₩122B | ₩154B | ₩87.8B | ₩17.5B | ₩100B |
| Capital expenditure | ₩76.2B | ₩93.7B | ₩53.8B | ₩27.6B | ₩9.29B |
| Total debt | ₩2.28B | ₩2.55B | ₩2.91B | ₩1.12B | ₩2.19B |
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 |
|---|---|---|---|---|---|---|
| HANMISemi 042700.KS | $11.3B | -56% | -20% | 42% | 54.4× | 41.7% |
| Asmpt 0522.HK | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% |
| Kulicke and Soffa Industries, I KLIC | $3.35B | -38% | +44% | 13% | 10.9× | 24.4% |
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 | 042700.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -39.0% | -26.2% | 3rd lowest of 14 |
| 6-month return | -56.1% | -25.5% | lowest of 14 |
| Distance from 52-week high | -62.1% | -48.8% | 3rd lowest of 14 |
| Revenue growth (TTM) | -19.6% | +9.4% | 2nd lowest of 14 |
| Operating margin | 42.5% | 14.8% | 2nd highest of 13 |
| Forward P/E | 54.4× | 15.1× | most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 41.7% | 20.6% | most demanding of 11 |
| Growth delivered (Del g) | +17.5% | +11.2% | 2nd highest of 11 |
| Hurdle (Req g minus delivered) | +24.2 pp | +10.7 pp | most demanding of 11 |
| ROIC minus cost of capital | +14.8 pp | -3.6 pp | 3rd highest of 14 |
| EV / EBITDA | 61.9× | 15.6× | most expensive of 13 |
| Net debt / EBITDA | -0.3× | 0.1× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HANMISemi 042700.KS | South Korea | $11.3B | -56% | -20% | 42% | 54.4× | 41.7% | +17.5% |
| MKS MKSI | United States | $13.0B | -39% | +16% | 17% | 11.5× | 24.0% | +11.0% |
| Screen 7735.T | Japan | $9.20B | -24% | +3% | 20% | 12.4× | 17.3% | +13.6% |
| Entegris ENTG | United States | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% | +11.4% |
| Omron 6645.T | Japan | $5.79B | -17% | -2% | 9% | 16.7× | 11.7% | +3.2% |
| Jabil JBL | United States | $24.6B | -33% | +21% | 5% | 13.5× | 8.3% | +4.2% |
| Disco 6146.T | Japan | $28.1B | -45% | +22% | 44% | 23.2× | 25.4% | +19.0% |
| Badger Meter BMI | United States | $4.52B | +33% | -2% | 19% | 32.5× | 10.9% | +16.6% |
| GPGI GPGI | United States | $4.12B | +2% | -100% | n/a | 14.2× | n/a | n/a |
| Sumco 3436.T | Japan | $3.96B | -28% | +4% | -4% | n/a | n/a | n/a |
| Kulicke and Soffa Industries, I KLIC | United States | $3.35B | -38% | +44% | 13% | 10.9× | 24.4% | +1.0% |
| Crane NXT CXT | United States | $3.31B | +27% | +17% | 16% | 12.6× | 7.8% | -9.7% |
| ACM Research ACMR | United States | $3.11B | -25% | +27% | 13% | 16.0× | n/a | n/a |
| Axcelis Technologies ACLS | United States | $3.06B | -39% | -3% | 10% | 17.8× | 31.2% | +12.1% |