Loading…
Korean fabless maker of gallium-nitride RF power semiconductors used in 5G base stations, radar and satellite systems.
Korean fabless maker of gallium-nitride RF power semiconductors used in 5G base stations, radar and satellite systems.
Sells GaN power transistors and amplifier modules that are chosen during the design of a telecom or radar platform and then ship for years, so sales follow operators' network spending cycles. A defense and radar line adds lumpier project orders.
In one line: A small Korean Qorvo/Wolfspeed-style RF-chip supplier.
Moat: narrow (process know-how, IP / patents). One of few GaN RF suppliers outside the US/China; qualified into telecom-gear bills of materials.
Headquarters: Hwaseong, South Korea · Employees: 334
Size RFHIC (218410.KS) is a South Korea Information Technology company (Semiconductors) with a market value of $697M, the 286th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩37,200 on 6 Nov 2026.
Performance Over six months the shares fell 60.5%, against -26.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 45.9% over the last twelve months (peer median +19.9%); the operating margin is 18.5% (peer median 1.9%).
Valuation It trades at 20.3× forward earnings against a peer median of 17.1× (4th most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points below its cost of capital (8.5% WACC).
Next results Next results expected around 12 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩204B | ₩186B | ₩115B | ₩111B | ₩108B |
| Revenue growth | — | +62% | +3% | +3% | — |
| Gross profit | ₩73.1B | ₩62.0B | ₩32.7B | ₩34.1B | ₩35.8B |
| EBITDA | ₩46.4B | ₩39.1B | ₩9.86B | ₩7.91B | ₩7.83B |
| Net income | ₩33.2B | ₩28.7B | ₩25.7B | ₩17.4B | ₩2.79B |
| Free cash flow | ₩30.5B | ₩25.1B | ₩10.4B | -₩26.6B | -₩19.5B |
| Capital expenditure | ₩7.79B | ₩5.21B | ₩24.9B | ₩43.8B | ₩26.0B |
| Total debt | ₩31.5B | ₩65.6B | ₩61.0B | ₩104B | ₩115B |
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 |
|---|---|---|---|---|---|---|
| RFHIC 218410.KS | $697M | -61% | +46% | 19% | 20.3× | 16.1% |
| Qorvo QRVO | n/a | +45% | n/a | n/a | n/a | n/a |
| WOLF WOLF | $1.26B | -49% | -12% | -67% | n/a | n/a |
| NXP Semiconductors NXPI | $62.6B | -15% | +15% | 30% | 14.1× | 16.3% |
| Sumitomo Electric Industries 5802.T | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% |
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 | 218410.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.8% | -16.3% | 3rd lowest of 21 |
| 6-month return | -60.5% | -26.8% | 2nd lowest of 21 |
| Distance from 52-week high | -70.7% | -51.7% | lowest of 21 |
| Revenue growth (TTM) | +45.9% | +19.9% | 3rd highest of 21 |
| Operating margin | 18.5% | 1.9% | highest of 21 |
| Forward P/E | 20.3× | 17.1× | 4th most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 16.1% | 23.7% | 2nd least demanding of 5 |
| Growth delivered (Del g) | +21.4% | +6.6% | highest of 5 |
| Hurdle (Req g minus delivered) | -5.3 pp | +14.8 pp | least demanding of 5 |
| ROIC minus cost of capital | -1.5 pp | -7.1 pp | 6th highest of 21 |
| EV / EBITDA | 19.1× | 15.2× | 3rd most expensive of 6 |
| Net debt / EBITDA | -3.0× | 2.2× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| RFHIC 218410.KS | South Korea | $697M | -61% | +46% | 19% | 20.3× | 16.1% | +21.4% |
| Shenzhen Sunmoon Microelectronics 688699.SS | China | $698M | -24% | +50% | 9% | n/a | 30.7% | +4.9% |
| Lingda 300125.SZ | China | $702M | -26% | +54% | -102% | n/a | n/a | n/a |
| UniTTEC 000925.SZ | China | $688M | -24% | +18% | 3% | 17.1× | n/a | n/a |
| Xinte Energy 1799.HK | Hong Kong | $707M | -41% | +12% | -6% | n/a | n/a | n/a |
| X-FAB Silicon Foundries XFAB.PA | France | $709M | -38% | -8% | 2% | n/a | n/a | n/a |
| Talant Optronics (suzhou) 301045.SZ | China | $683M | -15% | -10% | 3% | 98.3× | n/a | n/a |
| Foshan Blue Rocket Electronics 301348.SZ | China | $681M | -24% | +22% | -2% | n/a | n/a | n/a |
| Hd Hyundai Energy Solutions 322000.KS | South Korea | $714M | -63% | +39% | 16% | 11.4× | 3.2% | +4.5% |
| Alpha and Omega Semiconductor L AOSL | United States | $716M | -38% | -2% | -6% | n/a | n/a | n/a |
| Sanken Electric 6707.T | Japan | $673M | -43% | -19% | -8% | n/a | n/a | n/a |
| Changzhou Galaxy Century Microelectronics 688689.SS | China | $723M | -9% | +29% | 11% | n/a | n/a | n/a |
| Orient Semiconductor Electronics 2329.TW | Taiwan | $670M | -46% | +11% | 7% | 12.4× | n/a | n/a |
| Shenzhen Refond Optoelectronics 300241.SZ | China | $668M | -22% | +24% | 4% | n/a | 16.7% | +8.4% |
| SFA Semicon 036540.KS | South Korea | $728M | -27% | +37% | -4% | n/a | n/a | n/a |
| Yuneng Technology 688348.SS | China | $729M | -39% | -40% | -58% | n/a | n/a | n/a |
| PVA TePla TPE.DE | Germany | $666M | -37% | -4% | 1% | 62.0× | n/a | n/a |
| Shanghai Orient-Chip Technology 688061.SS | China | $664M | +14% | +4% | -9% | 95.5× | n/a | n/a |
| Changzhou Shichuang Energy 688429.SS | China | $733M | -13% | +30% | -38% | n/a | n/a | n/a |
| Formosa Advanced Technologies 8131.TW | Taiwan | $655M | -29% | +37% | 16% | 10.7× | n/a | n/a |
| Zhejiang MTCN Technology 003026.SZ | China | $742M | -24% | +29% | 17% | n/a | 30.7% | +9.5% |