Justem Co Ltd
Justem Co Ltd designs and manufactures semiconductor testing equipment, serving the global semiconductor industry.
Business. Justem Co Ltd (417840.KQ) is a technology equipment company operating in the semiconductor equipment and testing industry. The firm primarily engages in semiconductor-related activities and generates revenue through product sales. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
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Justem Co Ltd (417840.KQ) is a technology equipment company operating in the semiconductor equipment and testing industry. The firm primarily engages in semiconductor-related activities and generates revenue through product sales. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
Justem maintains a debt-to-equity ratio of 0.41, below the industry median of 0.65, indicating a conservative capital structure. However, the company's current ratio of 0.82 suggests liquidity constraints, as current liabilities exceed current assets. Free cash flow is negative at -1.84 billion KRW, driven by capital expenditures of -7.39 billion KRW, which outpace operating cash flow of 7.27 billion KRW.
Profitability metrics show a return on equity of 6.6% and return on assets of 3.97%, both below the industry median of 8.2% and 5.1%, respectively. Gross margin of 45.8% (22.12 billion KRW gross profit on 48.29 billion KRW revenue) is in line with the sector average, but operating margin of 10.7% (5.18 billion KRW operating income) lags behind the 12.4% median.
The company's revenue is concentrated in a single business segment, with no geographic diversification disclosed. This lack of diversification increases exposure to regional demand shifts and supply chain disruptions.
Outlook for FY2024 shows revenue growth of 12.3% to 807 billion KRW, driven by increased demand for semiconductor testing equipment. EBIT is projected to rise 18.5% to 197 billion KRW, with EPS expected to reach 2,174 KRW. These estimates imply a 10.2% year-over-year revenue increase and 15.6% EBIT growth.
Risk assessment highlights medium liquidity risk due to negative net cash position (-13.14 billion KRW) and low dilution risk. The company has not issued additional shares in the past 12 months, and diluted shares remain unchanged at 21.32 million.
Recent 10-K filings disclose ongoing R&D investments in next-generation testing solutions, with no material legal or regulatory issues reported. Analysts have raised FY2024 revenue estimates by 7.2% since Q1 2024, reflecting improved industry sentiment.
- Justem maintains a conservative capital structure with a debt-to-equity ratio of 0.41, below the industry median.
- The company's liquidity position is weak, with a current ratio of 0.82 and negative net cash position of -13.14 billion KRW.
- Profitability metrics lag industry medians, with ROE of 6.6% versus 8.2% and ROA of 3.97% versus 5.1%.
- FY2024 revenue is projected to grow 12.3% to 807 billion KRW, driven by increased demand for semiconductor testing equipment.
- The company's lack of geographic and segment diversification increases exposure to regional demand shifts.
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- Justem Co Ltd Market data — financials · 2026-05-26
- Justem Co Ltd Market data — analyst estimates · 2026-05-26