Avaco Co Ltd
Avaco Co Ltd is a semiconductor equipment and testing company that generates revenue primarily through the sale and service of semiconductor manufacturing and testing equipment.
Business. Avaco Co Ltd (083930.KQ) is a technology company operating in the Semiconductor Equipment & Testing industry. The firm engages in semiconductor-related activities and generates revenue through product sales. Specific details regarding operating segments, headquarters location, and primary listing exchange are not available in the provided data.
At a glance
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- Peers
- EarningsQ2 2026 earnings (expected)2026-07-23 · estimated · Intel (INTC)
- EarningsQ2 2026 earnings (expected)2026-08-26 · estimated · NVIDIA (NVDA)
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated · Broadcom (AVGO)
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Avaco Co Ltd (083930.KQ) is a technology company operating in the Semiconductor Equipment & Testing industry. The firm engages in semiconductor-related activities and generates revenue through product sales. Specific details regarding operating segments, headquarters location, and primary listing exchange are not available in the provided data.
Avaco Co Ltd maintains a strong liquidity position with a current ratio of 1.49 and a low debt-to-equity ratio of 0.02, indicating minimal reliance on debt financing. The company's cash and equivalents amount to 3,059,499,860 KRW, which supports its operational flexibility. The price-to-book ratio of 1.12 and price-to-tangible-book ratio of 1.12 suggest that the company's market value is closely aligned with its tangible asset base.
In terms of profitability, Avaco's return on equity (ROE) of 2.76% and return on assets (ROA) of 1.41% are below the industry median for semiconductor equipment firms, which typically report ROE in the 5-8% range and ROA in the 3-5% range. This suggests that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization.
The company's revenue is concentrated in the semiconductor equipment and testing segment, with no disclosed geographic diversification in the latest financial report. This concentration may expose the company to sector-specific risks, such as fluctuations in semiconductor demand and technological obsolescence.
Avaco's growth trajectory appears to be modest, with the latest actual revenue of 398,138,830,000 KRW slightly exceeding the mean analyst estimate of 378,200,000,000 KRW. However, the company's operating cash flow is negative at -22,159,317,320 KRW, which may limit its ability to fund future growth without external financing.
The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's low debt levels and strong equity position reduce the likelihood of near-term dilution. However, the negative operating cash flow could be a concern if it persists, potentially leading to increased reliance on external financing.
Recent events, including the latest actual EPS of 1,981.00 KRW and the mean EPS estimate of 1,965.00 KRW, suggest that the company is meeting analyst expectations. The absence of significant filing or transcript events in the latest data implies a stable operational environment, though ongoing monitoring of cash flow trends is warranted.
- Avaco maintains a strong liquidity position with a current ratio of 1.49 and low debt-to-equity ratio of 0.02.
- The company's ROE of 2.76% and ROA of 1.41% are below industry medians, indicating underperformance in capital efficiency.
- Revenue is concentrated in the semiconductor equipment and testing segment, with no disclosed geographic diversification.
- The company's growth trajectory is modest, with actual revenue slightly exceeding analyst estimates.
- Low liquidity and dilution risks are reported, with no immediate filing-based flags detected.
- Negative operating cash flow of -22,159,317,320 KRW may limit future growth without external financing.
Bull / Bear case
Generated · model-assistedNet income surged 461.2% year-over-year to 28.7 billion KRW, demonstrating significant recent profitability acceleration.
Revenue grew 63.5% year-over-year to 392.9 billion KRW, indicating strong top-line expansion momentum.
Free cash flow increased 191.3% year-over-year to 12.9 billion KRW, highlighting improved cash generation.
Debt-to-equity ratio of 0.02 is well below the cohort median of 0.23, indicating a conservative capital structure.
Revenue CAGR of -6.1% over four years suggests long-term top-line contraction despite recent growth.
Net income CAGR of -4.4% over four years indicates underlying earnings weakness over the longer term.
Cash conversion of -4.33 ranks in the bottom quartile of the cohort, signaling poor cash flow quality.
In focus — financials by report
Revenue KRW 392.90B, +28,6% YoY; Operating income +69,7% YoY.
- ▍Revenue KRW 392.90B, +28,6% YoY
- ▍Operating income +69,7% YoY
- ▍Net income +19,9% YoY
- ▍Free cash flow −35,4% YoY
- ▍Net margin 7.3%
Valuation FY
Revenue by segment
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Peer comparison
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1 965,00 |
| Revenue | —no estimate | —no estimate | 378,2B KRW |
| Operating income | —no estimate | —no estimate | 35,0B KRW |
Options
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sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Avaco Co Ltd Market data — financials · 2026-05-26
- Avaco Co Ltd Market data — analyst estimates · 2026-05-26