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208710.KQ$2800.00-9.53%
Fair $2800.00+0.0%

208710.KQ

Photon Co., Ltd.

Technology / Electronic ComponentsKOSDAQ

$2800.00

-295.00 (-9.53%)

Fairly Valued+0.0%Fair Value $2800.00Fund rank 27/100 · Data gapFallback financials|
SA 30/D
F-Score: 5/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 18%

FCF escenarios

weak_data · normalized FCF $-3.9B · quality 46.0/100

Data gap 27/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 20/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

30/100

D

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is -13.4%, below the 5% threshold
Thesis & Journal · 208710.KQLocal privado en este navegador · Photon Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$36.9B

P/E

N/A

•

EV/EBITDA

37.3x

↑

ROE

-13.4%

↓

Gross Margin

6.4%

↓

Debt/Equity

0.38

↑
52-Week Range$2800
$1700$5660

TradingView lightweight chart

208710.KQ price, volumen y niveles de valoración

Último $2,800Periodo -68.2%
Fair value: $2,800

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+7.3%

FCF CAGR

—

FCF margin

-3.1%

FCF / Net income

0.62x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $128.74B · net income $-6.36B · FCF $-3.93B

2022-FY → 2025-FY

Gross margin

6.4%-1.8% pts

Operating margin

-0.0%-0.2% pts

Net margin

-4.9%-5.2% pts

FCF margin

-3.1%-5.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$128.74B$128.74B$135.71B$123.47B$104.28B
Net Income$-6.36B$-6.36B$-9.75B$-11.81B$257.4M
EBITDA$1.34B$1.34B$4.30B$2.28B$14.77B
EPS-483.00-483.00-3820.00-1260.0035.00
Gross Margin6.4%6.4%3.5%3.7%8.2%
Operating Margin-0.0%-0.0%-2.5%-2.7%0.2%
Net Margin-4.9%-4.9%-7.2%-9.6%0.2%
Balance Sheet
Debt/Equity0.380.380.280.230.32
Current Ratio1.091.09———
Cash Flow
Free Cash Flow$-3.93B$-3.93B$-5.28B$3.55B$2.96B
Returns
ROE-13.4%-13.4%-18.1%-19.4%0.5%
Valuation
P/E————139.57
EV/EBITDA37.2737.273.3619.793.34
P/B0.780.780.130.660.70
Growth & Yield
Revenue Growth-5.1%-5.1%9.9%18.4%—
EPS Growth87.4%87.4%-203.2%-3700.0%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +8.7%

Total return

+8.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-3820.00 → -483.00

Residual

+8.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+8.7%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.