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Recently listed Korean maker of inspection/testing equipment for semiconductor packages and substrates.
Recently listed Korean maker of inspection/testing equipment for semiconductor packages and substrates.
Moat: narrow (process know-how). Niche inspection-equipment maker qualified into semiconductor packaging lines.
Headquarters: South Korea · Employees: 138
Size GigaVis (420770.KS) is a South Korea Information Technology company (Electronic Components) with a market value of $583M, the 309th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩62,400 on 6 Nov 2026.
Performance Over six months the shares fell 39.9%, against -18.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 176.0% over the last twelve months (peer median +17.7%); the operating margin is 26.2% (peer median 3.2%).
Valuation It trades at 25.1× forward earnings against a peer median of 27.9× (4th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +40 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 2.5 points above its cost of capital (11.5% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩67.2B | ₩52.4B | ₩26.1B | ₩91.4B | ₩99.7B |
| Revenue growth | — | +101% | -71% | -8% | — |
| Gross profit | ₩35.2B | ₩27.9B | ₩11.7B | ₩52.9B | ₩57.5B |
| EBITDA | ₩18.5B | ₩12.9B | -₩1.00B | ₩35.7B | ₩34.4B |
| Net income | ₩21.0B | ₩15.5B | ₩3.41B | ₩32.7B | ₩27.8B |
| Free cash flow | ₩358M | ₩21.0B | -₩28.9B | ₩8.73B | ₩34.6B |
| Capital expenditure | ₩14.5B | ₩5.51B | ₩32.7B | ₩5.03B | ₩1.20B |
| Total debt | ₩20.0B | ₩20.0B | ₩20.0B | ₩0 | ₩0 |
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 |
|---|---|---|---|---|---|---|
| GigaVis 420770.KS | $583M | -40% | +176% | 26% | 25.1× | 34.7% |
| KLA KLAC | $180B | -26% | +16% | 43% | 22.3× | 23.5% |
| ONTO ONTO | $8.50B | -39% | +8% | 20% | 16.9× | 29.4% |
| Koh Young Technology 098460.KS | $987M | -49% | +57% | 15% | 25.1× | 20.5% |
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 | 420770.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -53.9% | -11.3% | lowest of 21 |
| 6-month return | -39.9% | -18.8% | 5th lowest of 21 |
| Distance from 52-week high | -69.7% | -43.7% | 2nd lowest of 21 |
| Revenue growth (TTM) | +176.0% | +17.7% | highest of 21 |
| Operating margin | 26.2% | 3.2% | 3rd highest of 21 |
| Forward P/E | 25.1× | 27.9× | 4th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 34.7% | 25.4% | 4th most demanding of 9 |
| Growth delivered (Del g) | -5.1% | +7.8% | lowest of 9 |
| Hurdle (Req g minus delivered) | +39.8 pp | +13.1 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | +2.5 pp | -5.5 pp | 5th highest of 21 |
| EV / EBITDA | 36.5× | 25.2× | 2nd most expensive of 13 |
| Net debt / EBITDA | -6.2× | 0.3× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GigaVis 420770.KS | South Korea | $583M | -40% | +176% | 26% | 25.1× | 34.7% | -5.1% |
| Jiaxing ZMAX Optech 688307.SS | China | $584M | -51% | +59% | 7% | 25.7× | n/a | n/a |
| Firan Technology FTG.TO | Canada | $585M | +55% | +17% | 12% | 27.9× | 24.6% | +13.0% |
| Unionman Technology 688609.SS | China | $586M | -26% | +18% | -1% | 8.8× | 45.5% | +3.4% |
| Lumibird LBIRD.PA | France | $589M | -4% | +8% | 11% | 26.9× | 18.6% | +12.2% |
| Vishay Precision VPG | United States | $589M | -34% | +12% | 2% | 31.9× | 52.2% | +2.6% |
| Samwha Capacitor 001820.KS | South Korea | $590M | +16% | +1% | 5% | 29.2× | 39.1% | +4.0% |
| Shinsung Delta Tech 065350.KS | South Korea | $572M | -51% | +10% | 3% | n/a | n/a | n/a |
| Chin-Poon Industrial 2355.TW | Taiwan | $568M | -9% | +1% | 4% | 23.3× | 7.2% | +0.6% |
| Foshan Nationstar Optoelectronics 002449.SZ | China | $557M | -24% | -17% | -6% | n/a | n/a | n/a |
| Shaanxi Huada Science Technology 301517.SZ | China | $554M | -54% | -9% | -26% | n/a | n/a | n/a |
| Episil Technologies 3707.TWO | Taiwan | $616M | -33% | +23% | -3% | 50.9× | n/a | n/a |
| Flexium Interconnect 6269.TW | Taiwan | $617M | -5% | +1% | -34% | 52.0× | n/a | n/a |
| WUS Printed Circuit 2316.TW | Taiwan | $549M | -15% | +24% | -11% | n/a | n/a | n/a |
| Tianjin Printronics Circuit 002134.SZ | China | $628M | -34% | +31% | 6% | n/a | n/a | n/a |
| Taiwan Chinsan Electronic Industrial 8042.TWO | Taiwan | $541M | +82% | +22% | 7% | 32.7× | n/a | n/a |
| Smartoptics SMOP.OL | Norway | $530M | -8% | +45% | 14% | 42.5× | 15.2% | +19.1% |
| Costar 002189.SZ | China | $642M | -22% | +18% | -14% | n/a | n/a | n/a |
| Visco Vision 6782.TW | Taiwan | $523M | +23% | +23% | 29% | 13.1× | n/a | n/a |
| Union Optech 300691.SZ | China | $650M | -16% | +13% | 0% | n/a | n/a | n/a |
| Keystone Microtech 6683.TWO | Taiwan | $652M | -70% | +25% | 27% | 26.7× | 26.2% | +11.7% |