Added to YB: 2026-09-07
Pitch date: 2026-09-03
101160.KQ [bullish]
Worldex Industry & Trading Co., Ltd.
-9.74%
current return
Author Info
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Company Info
Worldex Industry & Trading Co., Ltd. manufactures semiconductor and display materials, and consumable parts in South Korea and internationally.
Market Cap
KRW 443.3B
Pitch Price
KRW 29.3K
Price Target
50.0K (+89%)
Dividend
N/A
EV/EBITDA
3.03
P/E
5.84
EV/Sales
0.84
Sector
Semiconductors and Semiconductor Equipment
Category
value
What Wears Out When Machines Think ($101160.KQ)
101160.KQ: Worldex sells plasma-facing silicon and quartz consumables that wear out within weeks, tying revenue to wafer starts rather than fab construction. At ₩26,000, its ~₩435 billion market cap includes ₩190-230 billion of net cash; the business trades at ~2.4x estimated 2027 EBITDA versus peers at 8-10x in normal years and 5-6x at cyclical lows. An activist-driven buyback, cancellations and 40% payouts support a ₩47,000-50,000 end-2027 base case, while 2028 oversupply and unrelated acquisitions are key risks.
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