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Psk Inc319660.KSCompetitor analysis, valuation and peers

South Korea · KRW·Industrials›Industrial Machinery

Korean maker of photoresist-strip (ashing) and thermal-processing equipment for semiconductor wafer fabs.

Momentum weak 28
Mkt cap
$1.66B
US dollars, full cap
Free float
67%
of shares outstanding
$/day
$27.9M
20-day average traded
Fwd P/E
14.4×
forward earnings
ROIC−WACC
+21.6 pp
WACC 9.0%
Hurdle
-5 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · KRW₩77,900
1D-12.8%
1W-32.0%
1M-43.2%
3M-38.2%
6M-12.2%
YTD+111.1%
1Y+104.5%
ATR %14.4%
52w lowhigh64.5% off high

What Psk does

Korean maker of photoresist-strip (ashing) and thermal-processing equipment for semiconductor wafer fabs.

Sells tools to chipmakers in lumpy orders tied to when they build or upgrade fabrication lines, then earns repeat revenue from parts and servicing of the installed machines. A small number of large customers account for most sales, so capital-spending plans at a few memory and foundry makers decide how busy it is.

Products and services

  • Photoresist strip (ashing) systems
  • Thermal processing equipment

Customers

  • Samsung Electronics
  • SK hynix
  • Global foundries

Where it sits in the supply chain

  • Semiconductor equipment
  • Photoresist strip and thermal…
  • Fab process tools

What could go right

  • Semiconductor capex upcycle

What could go wrong

  • Semiconductor capex cyclicality
  • Customer concentration

Moat: narrow (customer qualification, process know-how). Qualified strip/thermal equipment vendor inside major memory and foundry fabs.

Headquarters: Hwaseong, South Korea · Founded: 1990 · Employees: 343

Named competitors

Psk at a glance

Size Psk (319660.KS) is a South Korea Industrials company (Industrial Machinery) with a market value of $1.66B, the 156th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩77,900 on 6 Nov 2026.

Performance Over six months the shares fell 12.2%, against -17.2% for the median peer and -24.5% for the South Korea market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 31.7% over the last twelve months (peer median +8.1%); the operating margin is 25.0% (peer median 8.0%).

Valuation It trades at 14.4× forward earnings against a peer median of 26.2× (4th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 21.6 points above its cost of capital (9.0% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015020011 May 202611 Aug 20266 Nov 2026Peer median 81319660.KS 78
Six months, rebased to 100: Psk against the median of its 20 peers (local-currency closes).

Psk financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩571B₩457B₩398B₩352B₩461B
Revenue growth—+15%+13%-24%—
Gross profit₩280B₩218B₩205B₩162B₩210B
EBITDA₩153B₩98.2B₩92.5B₩60.3B₩97.6B
Net income₩125B₩78.5B₩79.1B₩52.5B₩77.4B
Free cash flow₩81.3B₩43.2B₩38.7B₩24.3B₩33.4B
Capital expenditure₩21.0B₩18.5B₩28.6B₩26.1B₩15.1B
Total debt₩16.1B₩17.9B₩23.0B₩23.3B₩15.1B

Quarterly statements and history in the cockpit →

Psk competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%-40%-20%0%TRITURBINE00269868802860034300215863716548ATSFANTVK300990002639KSB1651603583002943002534300185319660.KS6-month return →1-month return →
Up and to the right = strong over both horizons. Psk is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%+40%0×100×200×TRITURBINE00269868802800215863716548ATSFANTVK3009901651603583002943688306002534300185319660.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Psk is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%TRITURBINE00269800215863716548ATSFANTVK300990KSB1651688306002534688139319660.KSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Psk is the large dot.

Psk competitors and peer comparison

Head to head with its named competitors (319660.KS vs 8035.T vs 240810.KS vs LRCX)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Psk 319660.KS$1.66B-12%+32%25%14.4×6.1%
Tokyo Electron 8035.T$122B+41%+18%28%23.1×28.8%
Wonik IPS 240810.KS$2.39B-43%+9%8%14.7×29.4%
Lam Research LRCX$250B-32%+33%37%19.6×26.4%
NAURA Technology 002371.SZ$60.6B+4%+18%11%56.5×33.4%

How Psk compares with its peers

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.

Psk against its 20 peers (data as of 6 Nov 2026)
Measure319660.KSPeer medianRank in peer set
1-month return-43.2%-5.7%lowest of 21
6-month return-12.2%-17.2%8th highest of 21
Distance from 52-week high-64.5%-41.6%2nd lowest of 21
Revenue growth (TTM)+31.7%+8.1%2nd highest of 21
Operating margin25.0%8.0%2nd highest of 21
Forward P/E14.4×26.2×4th cheapest of 19
Growth the price implies (Req g, 7 yrs)6.1%10.6%5th least demanding of 16
Growth delivered (Del g)+11.5%+9.1%6th highest of 16
Hurdle (Req g minus delivered)-5.4 pp+1.5 pp6th least demanding of 16
ROIC minus cost of capital+21.6 pp-0.9 pp2nd highest of 21
EV / EBITDA13.0×10.8×2nd most expensive of 8
Net debt / EBITDA-1.8×-0.6×2nd least indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Psk 319660.KSSouth Korea$1.66B-12%+32%25%14.4×6.1%+11.5%
Triveni Turbine TRITURBINE.NSIndia$1.66B-14%+18%17%42.5×45.8%+25.4%
Harbin Boshi Automation 002698.SZChina$1.66B-15%-2%18%19.3×5.3%+9.1%
Beijing Worldia Diamond Tools 688028.SSChina$1.66B-37%+22%16%71.0×n/an/a
Shaanxi Aerospace Power Hi-Tech 600343.SSChina$1.65B-50%-15%-24%n/an/an/a
Shanghai Hanbell Precise Machinery 002158.SZChina$1.67B-24%-5%15%19.3×16.3%+5.2%
Tsubakimoto Chain 6371.TJapan$1.68B+7%+20%8%10.3×2.0%+8.9%
Chang Wah Technology 6548.TWOTaiwan$1.65B+9%+25%15%17.5×9.2%+6.8%
ATS ATS.TOCanada$1.68B-49%+7%6%15.9×8.7%+15.8%
Volution FAN.LUnited Kingdom$1.68B+7%+16%20%15.7×13.7%+12.2%
TerraVest Industries TVK.TOCanada$1.64B-17%+46%8%26.4×10.6%+35.1%
Sanhe Tongfei Refrigeration 300990.SZChina$1.69B-18%+23%8%29.9×31.4%+36.2%
Fujian Snowman 002639.SZChina$1.70B-18%+9%1%n/an/an/a
KSB SE & Co. KGaA KSB.DEGermany$1.63B-3%+2%7%10.3×-3.2%+6.6%
Precision Tsugami (China) 1651.HKHong Kong$1.62B-35%+24%28%7.7×-13.9%+9.8%
Zhejiang Jiecang Linear Motion Technology 603583.SSChina$1.60B-4%+5%8%26.0×n/an/a
Hunan Yujing Machinery 002943.SZChina$1.60B-42%-36%-23%37.5×n/an/a
Ningbo PIA Automation 688306.SSChina$1.74B+3%+7%4%190.6×35.2%+8.7%
Xizi Clean Energy Equipment Manufacturing 002534.SZChina$1.74B-19%-2%3%44.5×25.7%+3.1%
Tongyu Heavy Industry 300185.SZChina$1.59B-17%+6%4%43.7×6.3%+3.1%
Qingdao Haier Biomedical 688139.SSChina$1.58B+6%+12%9%36.5×20.7%+10.8%

Questions

Who are Psk's main competitors?
Named competitors: Tokyo Electron (8035.T), Wonik IPS (240810.KS), Lam Research (LRCX), NAURA Technology Group (002371.SZ). The cockpit's measured peer set (industry) also includes Triveni Turbine (TRITURBINE.NS), Harbin Boshi Automation (002698.SZ), Beijing Worldia Diamond Tools (688028.SS), Shaanxi Aerospace Power Hi-Tech (600343.SS), Shanghai Hanbell Precise Machinery (002158.SZ), Tsubakimoto Chain (6371.T).
Is Psk expensive compared with its peers?
On forward p/e it trades at 14.4× against a peer median of 26.2×, 4th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has Psk stock performed?
Over six months to 6 Nov 2026 the shares returned -12.2% against -17.2% for the median peer; over one year +104.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.