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Korean PCB maker, part of Daeduck Group, producing high-density circuit boards and semiconductor package substrates.
Korean PCB maker, part of Daeduck Group, producing high-density circuit boards and semiconductor package substrates.
Makes boards to order for each customer's design, so income follows chipmakers' and phone makers' production schedules. The package substrate, the board that connects a chip to the circuit board, is the line tied to memory and AI chips. A small group of large electronics makers, Samsung Electronics among them, buys much of its output.
Moat: narrow (process know-how, customer qualification). Qualified high-density PCB/substrate maker for major Korean electronics customers.
Headquarters: Seoul, South Korea · Founded: 1972 · Employees: 2,633
Size Daeduck Electronics (353200.KS) is a South Korea Information Technology company (Electronic Components) with a market value of $2.61B, the 111th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩71,200 on 6 Nov 2026.
Performance Over six months the shares fell 36.9%, against -20.7% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 55.5% over the last twelve months (peer median +20.6%); the operating margin is 16.1% (peer median 11.2%).
Valuation It trades at 15.0× forward earnings against a peer median of 25.6× (4th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +3 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 8.6 points above its cost of capital (11.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.48T | ₩1.07T | ₩892B | ₩910B | ₩1.32T |
| Revenue growth | — | +19% | -2% | -31% | — |
| Gross profit | n/a | ₩119B | ₩70.4B | ₩84.8B | ₩303B |
| EBITDA | n/a | ₩150B | ₩129B | ₩139B | ₩337B |
| Net income | ₩183B | ₩47.6B | ₩23.8B | ₩25.4B | ₩184B |
| Free cash flow | n/a | ₩6.67B | ₩38.2B | ₩63.7B | ₩88.8B |
| Capital expenditure | n/a | ₩67.1B | ₩62.3B | ₩121B | ₩207B |
| Total debt | n/a | ₩41.2B | ₩16.0B | ₩20.1B | ₩27.3B |
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 |
|---|---|---|---|---|---|---|
| Daeduck Electronics 353200.KS | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% |
| Simmtech 222800.KS | $2.69B | +7% | +42% | 9% | 18.7× | n/a |
| Korea Circuit 007810.KS | $1.09B | -36% | +21% | 6% | 15.1× | n/a |
| Ibiden 4062.T | $22.1B | +164% | +26% | 18% | 39.2× | 39.2% |
| Unimicron Technology 3037.TW | $35.4B | -19% | +33% | 13% | 20.1× | 45.9% |
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 | 353200.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -52.9% | -17.2% | lowest of 21 |
| 6-month return | -36.9% | -20.7% | 6th lowest of 21 |
| Distance from 52-week high | -64.0% | -45.0% | 3rd lowest of 21 |
| Revenue growth (TTM) | +55.5% | +20.6% | 3rd highest of 21 |
| Operating margin | 16.1% | 11.2% | 8th highest of 21 |
| Forward P/E | 15.0× | 25.6× | 4th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 15.3% | 16.7% | 5th least demanding of 11 |
| Growth delivered (Del g) | +11.8% | +8.9% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | +3.5 pp | -0.8 pp | 5th most demanding of 11 |
| ROIC minus cost of capital | +8.6 pp | -2.2 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% | +34.3% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| Citizen Watch 7762.T | Japan | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% | +10.9% |
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| Jenoptik JEN.DE | Germany | $2.30B | -21% | -2% | 12% | 18.6× | 10.3% | +11.2% |
| Xiamen Hengkun New Material Technology 688727.SS | China | $2.28B | -33% | +20% | 9% | n/a | n/a | n/a |
| Hefei Meyer Optoelectronic Technology 002690.SZ | China | $2.25B | -3% | +3% | 31% | 18.5× | 9.2% | +10.0% |
| Fulltech Fiber Glass 1815.TWO | Taiwan | $2.18B | +6% | +49% | 26% | 21.6× | n/a | n/a |
| Shenglan Technology 300843.SZ | China | $2.16B | +2% | +45% | 8% | 66.5× | n/a | n/a |