009150
Overview
009150 is the stock code of a semiconductor equipment and component manufacturing company listed on the KOSDAQ market. The company operates in the fields of semiconductor front-end and back-end equipment, display equipment, and semiconductor components. In particular, it counts global memory semiconductor companies such as Samsung Electronics and SK Hynix as its main customers, classifying it as a representative semiconductor equipment stock whose performance is closely tied to the semiconductor industry cycle. It began to attract attention from the early 2020s, benefiting from increased equipment demand driven by the introduction of extreme ultraviolet (EUV) processes and the surge in high-bandwidth memory (HBM) demand.
Main Content
Business Segments
009150's business is broadly divided into three segments. First, in the semiconductor front-end equipment segment, it supplies etch, deposition, and cleaning equipment, and is recognized for its technological prowess in high-aspect-ratio etch equipment essential for 3D NAND stacking processes. Second, in the back-end equipment segment, it produces bonders and underfill equipment for packaging processes, and the revenue share of this segment has been expanding recently due to increased HBM packaging demand. Third, in the semiconductor components business, it supplies consumable parts such as quartz, ceramics, and silicon rings, securing a stable revenue base.
Financials and Performance
The company has recorded an average annual revenue growth rate of over 20% since 2020, surpassing annual revenue of KRW 1.5 trillion as of 2023. Its operating profit margin is in the 15–20% range, showing profitability above the industry average for semiconductor equipment companies. In particular, in 2024, orders for HBM-related equipment surged, breaking quarterly performance records. The debt ratio is below 40%, indicating a stable financial structure, and the company pursues an aggressive technology investment strategy, allocating over 10% of revenue to research and development (R&D) expenses.
Stock Price Volatility
009150 is highly sensitive to the semiconductor industry cycle, resulting in significant stock price volatility. During the semiconductor supercycle in 2021, the stock price more than tripled, but it corrected by over 60% in the second half of 2022 amid falling memory semiconductor prices. Subsequently, from the second half of 2023, it turned upward again, driven by explosive HBM demand and the expansion of the AI semiconductor market. The foreign ownership ratio is around 25%, and trading trends of domestic institutions and foreign investors significantly impact the stock price.
Competitors and Market Position
Domestic competitors include Wonik IPS, TES, and Eugene Technology, while global competitors include Applied Materials (AMAT), Lam Research, and Tokyo Electron (TEL). Among domestic small-to-mid-sized equipment companies, 009150 holds an advantage in terms of technology and customer diversification, but it shows high dependence on Samsung Electronics, with equipment supply to Samsung accounting for over 50% of its revenue.
Recent Trends
In 2024 and 2025, 009150 has been reaping significant benefits from the rapid growth of the AI semiconductor market. In particular, as NVIDIA's HBM demand accelerates the expansion of HBM packaging lines at SK Hynix and Samsung Electronics, the company's back-end equipment orders have increased by over 50% year-on-year. Additionally, in 2025, it signed a supply contract for components for next-generation EUV equipment, seeking to expand its business into advanced processes. However, concerns over a slowdown in the global semiconductor equipment market and risks of supply oversupply from China persist, and short-term stock price volatility is expected to continue. As of the first quarter of 2025, the company's new order backlog exceeded KRW 2 trillion, reaching an all-time high, leading to an upward revision of its annual performance guidance.
Related Topics
- [[Semiconductor Equipment Industry]]
- [[HBM (High Bandwidth Memory)]]
- [[Samsung Electronics]]
- [[KOSDAQ]]
- [[AI Semiconductor]]
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