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Korean fabless chipmaker designing SSD controllers and data-center chips (CXL, power-management ICs) for AI storage.
Korean fabless chipmaker designing SSD controllers and data-center chips (CXL, power-management ICs) for AI storage.
In one line: A small, storage-controller-focused Korean Marvell/Silicon Motion..
Moat: none (process know-how). A small, newly public fabless entrant without SK hynix/Samsung-scale process control or an established customer base yet.
Headquarters: Seoul, South Korea · Founded: 2015 · Employees: 287
Size FADU (440110.KS) is a South Korea Information Technology company (Semiconductors) with a market value of $1.23B, the 206th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩33,200 on 6 Nov 2026.
Performance Over six months the shares fell 57.5%, against -22.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 136.7% over the last twelve months (peer median +18.3%); the operating margin is -9.3% (peer median 8.0%).
Valuation It trades at 44.5× forward earnings against a peer median of 19.9× (2nd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 43% a year for seven years (Req g). Recent delivered growth is +156%, so the hurdle is -113 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 38.8 points below its cost of capital (13.7% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩182B | ₩92.4B | ₩43.5B | ₩22.5B | ₩56.4B |
| Revenue growth | — | +112% | +94% | -60% | — |
| Gross profit | ₩101B | ₩42.0B | ₩4.47B | ₩10.2B | ₩43.9B |
| EBITDA | -₩6.47B | -₩54.7B | -₩83.9B | -₩49.7B | ₩7.22B |
| Net income | -₩98.7B | -₩75.6B | -₩90.6B | -₩56.7B | -₩227B |
| Free cash flow | ₩23.4B | -₩7.55B | -₩115B | -₩52.7B | -₩18.7B |
| Capital expenditure | ₩5.63B | ₩3.92B | ₩7.12B | ₩10.9B | ₩12.6B |
| Total debt | ₩41.3B | ₩39.4B | ₩22.6B | ₩44.4B | ₩19.1B |
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 |
|---|---|---|---|---|---|---|
| FADU 440110.KS | $1.23B | -58% | +137% | -9% | 44.5× | 43.1% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
| Silicon Motion Technology Corporation Sponsored ADR SIMO | $5.52B | -36% | +104% | 21% | 8.4× | n/a |
| Phison Electronics 8299.TWO | $10.0B | -29% | +157% | 31% | 3.7× | n/a |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 4.0× | -7.2% |
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 | 440110.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -59.7% | -25.9% | lowest of 21 |
| 6-month return | -57.5% | -22.6% | lowest of 19 |
| Distance from 52-week high | -74.3% | -53.8% | lowest of 21 |
| Revenue growth (TTM) | +136.7% | +18.3% | 2nd highest of 20 |
| Operating margin | -9.3% | 8.0% | 5th lowest of 20 |
| Forward P/E | 44.5× | 19.9× | 2nd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 43.1% | 13.3% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +156.1% | +23.3% | highest of 10 |
| Hurdle (Req g minus delivered) | -113.1 pp | +2.7 pp | least demanding of 10 |
| ROIC minus cost of capital | -38.8 pp | -2.4 pp | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FADU 440110.KS | South Korea | $1.23B | -58% | +137% | -9% | 44.5× | 43.1% | +156.1% |
| Nuvoton Technology 4919.TW | Taiwan | $1.22B | -46% | 0% | -5% | n/a | n/a | n/a |
| Jilin Sino-Microelectronics 600360.SS | China | $1.21B | -15% | +11% | 3% | n/a | n/a | n/a |
| Supreme Electronics 8112.TW | Taiwan | $1.24B | -13% | +80% | 3% | n/a | n/a | n/a |
| Jeju Semiconductor 080220.KS | South Korea | $1.24B | -4% | +284% | 32% | n/a | n/a | n/a |
| Pan Jit International 2481.TW | Taiwan | $1.25B | +6% | +9% | 9% | 15.0× | 24.5% | +4.5% |
| UMS Integration 558.SI | Singapore | $1.25B | -27% | +10% | 21% | 21.1× | 12.8% | +8.8% |
| Furuya Metal 7826.T | Japan | $1.26B | +7% | +75% | 25% | 10.3× | 13.3% | +24.2% |
| WOLF WOLF | United States | $1.26B | -49% | -12% | -67% | n/a | n/a | n/a |
| Faraday Technology 3035.TW | Taiwan | $1.26B | -9% | -32% | 5% | 29.6× | 25.2% | +26.8% |
| Hana Micron 067310.KS | South Korea | $1.18B | -39% | +54% | 14% | 6.1× | 0.4% | +23.3% |
| Karamtara Engineering KARAMTARA.NS | India | $1.28B | n/a | n/a | n/a | n/a | n/a | n/a |
| Epiworld International 2726.HK | Hong Kong | $1.17B | -34% | -21% | -11% | n/a | 42.8% | +17.4% |
| TSE 131290.KS | South Korea | $1.29B | -4% | +37% | 22% | 12.0× | 11.2% | +8.5% |
| Innostar Service 7828.TWO | Taiwan | $1.29B | -18% | +117% | 43% | 53.4× | n/a | n/a |
| LAPLACE Renewable Energy Technology 688726.SS | China | $1.30B | -36% | -22% | 8% | 24.5× | 1.4% | +62.8% |
| Axera Semiconductor 0600.HK | Hong Kong | $1.15B | -34% | +19% | -135% | n/a | n/a | n/a |
| BASiC Semiconductor 9971.HK | Hong Kong | $1.15B | n/a | +4% | -104% | n/a | n/a | n/a |
| Lontium Semiconductor 688486.SS | China | $1.14B | -28% | +19% | 23% | 27.9× | n/a | n/a |
| Fujiyama Power Systems UTLSOLAR.NS | India | $1.14B | +23% | +72% | 17% | 18.6× | n/a | n/a |
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | n/a | 43.2% | +37.3% |