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World-leading maker of 3D solder-paste and automated optical inspection systems for electronics assembly lines.
World-leading maker of 3D solder-paste and automated optical inspection systems for electronics assembly lines.
Sells inspection machines placed on circuit-board assembly lines, mostly to contract electronics manufacturers, so sales follow factory equipment spending, with software upgrades and servicing on the installed base. Solder-paste inspection is the long-standing core, with inspection of mounted parts the second line.
In one line: Korea's Cognex, focused on PCB inspection.
Moat: narrow (installed base, IP / patents, brand). Long-time #1 in 3D SPI with a large installed base and patented 3D-measurement technology.
Headquarters: Daejeon, South Korea · Founded: 2002 · Employees: 472
Size Koh Young Technology (098460.KS) is a South Korea Information Technology company (Semiconductors) with a market value of $987M, the 234th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩20,450 on 6 Nov 2026.
Performance Over six months the shares fell 49.2%, against -26.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 57.4% over the last twelve months (peer median +5.8%); the operating margin is 15.0% (peer median 1.7%).
Valuation It trades at 25.1× forward earnings against a peer median of 34.2× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +15 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 2.2 points above its cost of capital (9.0% WACC).
Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩337B | ₩233B | ₩203B | ₩226B | ₩275B |
| Revenue growth | — | +15% | -10% | -18% | — |
| Gross profit | n/a | ₩139B | ₩117B | ₩136B | ₩166B |
| EBITDA | n/a | ₩31.1B | ₩15.9B | ₩32.8B | ₩56.3B |
| Net income | ₩32.4B | ₩14.8B | ₩21.0B | ₩21.9B | ₩39.3B |
| Free cash flow | n/a | ₩13.4B | ₩32.9B | ₩22.5B | ₩12.4B |
| Capital expenditure | n/a | ₩13.5B | ₩8.65B | ₩10.2B | ₩19.3B |
| Total debt | n/a | ₩16.8B | ₩15.5B | ₩19.6B | ₩28.4B |
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 |
|---|---|---|---|---|---|---|
| Koh Young Technology 098460.KS | $987M | -49% | +57% | 15% | 25.1× | 20.5% |
| Test Research 3030.TW | $1.44B | -51% | +32% | 40% | n/a | -2.5% |
| Omron 6645.T | $5.79B | -17% | -2% | 9% | 16.7× | 11.7% |
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 | 098460.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.5% | -17.5% | 2nd lowest of 21 |
| 6-month return | -49.2% | -26.5% | 3rd lowest of 21 |
| Distance from 52-week high | -54.6% | -50.7% | 9th lowest of 21 |
| Revenue growth (TTM) | +57.4% | +5.8% | 2nd highest of 21 |
| Operating margin | 15.0% | 1.7% | 4th highest of 21 |
| Forward P/E | 25.1× | 34.2× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 20.5% | 24.8% | 7th least demanding of 13 |
| Growth delivered (Del g) | +5.3% | +6.4% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | +15.2 pp | +14.9 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | +2.2 pp | -4.9 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Koh Young Technology 098460.KS | South Korea | $987M | -49% | +57% | 15% | 25.1× | 20.5% | +5.3% |
| Guangdong Leadyo IC Testing 688135.SS | China | $990M | -23% | +28% | 6% | 236.1× | n/a | n/a |
| Suzhou Oriental Semiconductor 688261.SS | China | $994M | -27% | +18% | 0% | 38.3× | n/a | n/a |
| ELAN Microelectronics 2458.TW | Taiwan | $996M | -18% | -8% | 21% | 19.1× | -2.8% | -4.0% |
| Hengbao 002104.SZ | China | $977M | -35% | -17% | -9% | n/a | n/a | n/a |
| Shanghai Prisemi Electronics 688230.SS | China | $970M | -23% | +31% | 19% | n/a | 31.1% | +1.3% |
| Foshan Electrical and Lighting 000541.SZ | China | $967M | -8% | -3% | -2% | 22.5× | n/a | n/a |
| Hannstar Display 6116.TW | Taiwan | $1.01B | +43% | +4% | -25% | 18.4× | 14.9% | -10.2% |
| Jiangsu Zongyi 600770.SS | China | $961M | -35% | +64% | -4% | n/a | 43.6% | +4.7% |
| Dioo Microcircuits Co., Ltd. Jiangsu 688381.SS | China | $948M | -15% | -18% | -46% | n/a | n/a | n/a |
| Wuxi DK Electronic Materials 300842.SZ | China | $1.03B | -48% | +36% | 4% | 34.2× | n/a | n/a |
| Shanghai Fortune Techgroup 300493.SZ | China | $1.04B | -15% | +3% | 3% | 59.6× | 35.9% | +15.8% |
| Beijing OnMicro Electronics 688790.SS | China | $1.04B | -51% | -10% | -16% | n/a | 41.4% | +26.8% |
| Ambiq Micro AMBQ | United States | $933M | -13% | +32% | -43% | n/a | n/a | n/a |
| Beijing Jingyuntong Technology 601908.SS | China | $1.05B | -26% | -32% | -49% | n/a | -5.1% | -5.1% |
| Telink Semiconductor (Shanghai) 688591.SS | China | $1.05B | -15% | +7% | 4% | 82.2× | n/a | n/a |
| Guizhou Zhenhua Fengguang Semiconductor 688439.SS | China | $1.05B | -28% | -39% | 4% | 14.9× | 18.6% | +16.1% |
| GCS 4991.TWO | Taiwan | $1.06B | -61% | +52% | 20% | 37.8× | 39.2% | +8.2% |
| Parade Technologies 4966.TWO | Taiwan | $915M | -31% | -3% | 14% | 13.2× | 3.8% | +1.6% |
| Scientech 3583.TW | Taiwan | $1.07B | -46% | +9% | 14% | 16.0× | 10.4% | +26.0% |
| Semitronix 301095.SZ | China | $1.07B | -35% | +29% | 0% | 59.8× | 58.0% | +42.7% |