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450520.KQ$2410.00+0.84%
Fair $2410.00+0.0%

450520.KQ

Inswave Co., Ltd.

Technology / Information Technology ServicesKOSDAQ

$2410.00

+20.00 (+0.84%)

Fairly Valued+0.0%Fair Value $2410.00Fund rank 30/100 · Data gapFallback financials|
SA 18/F
F-Score: 1/9
Margin CompressionLow 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 20%

FCF escenarios

weak_data · normalized FCF $-8.5B · quality 55.3/100

Data gap 30/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 23/100Data 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

18/100

F

Piotroski

1/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 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. Operating margin has declined for 3 consecutive years ROE is -8.6%, below the 5% threshold
Thesis & Journal · 450520.KQLocal privado en este navegador · Inswave 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

$35.4B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-8.6%

↓

Gross Margin

33.9%

↑

Debt/Equity

0.16

↓
52-Week Range$2410
$2200$5260

TradingView lightweight chart

450520.KQ price, volumen y niveles de valoración

Último $2,410Periodo -95.3%
Fair value: $2,410

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

-3.7%

FCF CAGR

—

FCF margin

-23.7%

FCF / Net income

2.66x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $38.96B · net income $-3.48B · FCF $-9.25B

2022-FY → 2025-FY

Gross margin

33.9%-4.0% pts

Operating margin

-12.5%-28.6% pts

Net margin

-8.9%-21.3% pts

FCF margin

-23.7%-22.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$38.96B$38.96B$30.41B$32.60B$43.63B
Net Income$-3.48B$-3.48B$-1.96B$4.72B$5.39B
EBITDA$-2.07B$-2.07B$-1.03B$6.16B$7.41B
EPS-236.00-236.00-133.00125.67531.67
Gross Margin33.9%33.9%36.6%49.2%37.9%
Operating Margin-12.5%-12.5%-11.8%15.9%16.1%
Net Margin-8.9%-8.9%-6.4%14.5%12.4%
Balance Sheet
Debt/Equity0.160.160.120.110.44
Current Ratio6.266.26———
Cash Flow
Free Cash Flow$-9.25B$-9.25B$-8.48B$3.27B$-363.6M
Returns
ROE-8.6%-8.6%-4.5%10.3%35.5%
Valuation
P/E———144.43—
EV/EBITDA———36.24—
P/B0.880.881.305.03—
Growth & Yield
Revenue Growth28.1%28.1%-6.7%-25.3%—
EPS Growth-77.4%-77.4%-205.8%-76.4%—

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 -39.8%

Total return

-39.8%

Start / end P/E

n/dx → n/dx

EPS bridge

-133.00 → -236.00

Residual

-39.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-39.8%

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.