1. South Korea Stocks

  2. •

    Electronic technology

  3. •

    Telecommunications equipment
Wave Electronics Co., Ltd.

Wave Electronics Co., Ltd.

KKRX:095270
4,720.00
KRW
-40.00
(-0.84%)
62.01EPS
47.01P/E
59.47BMarket Cap
Wave Electronics Co., Ltd.
KRX:095270
(Korea Stock Exchange)

Recent

price

4,720.00

P/E

ratio

47.01

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
5,841.06
4,112.66
2,878.96
4,155.32
4,142.71
3,012.88
4,252.55
5,067.8
4,282.17
3,205.03
3,340.23
3,229.03
4,000.82
5,634.4
6,119.78
6,330.47
6,201.22
Revenue per Share
405.49
-801.02
-111.67
-665.44
-49.43
-1,088.32
-1,310.74
-707.54
-918.98
-3,294.25
-2,086
4,114
-513
48
-498
116
99.13
Basic EPS, GAAP
1,430.44
-414.56
142.02
-593.94
-706.77
-2,066.31
-1,588.9
-301.46
-464.2
-1,076.95
-412.4
-1,143.68
-789.6
-201.5
387.46
584.95
76.66
Free Cash Flow per Basic Share
- -
45.87
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
4,232.48
3,218.37
3,143.95
2,694.25
3,014.15
2,124.04
1,662.4
1,234.53
1,024.45
833.94
1,038.63
5,308.81
4,678.34
4,552.79
4,041.65
4,249.2
4,165.76
Book Value per Share
4,173.16
3,086.14
2,927.77
2,637.54
2,662.96
1,955.15
1,251.02
889.17
749.55
5.78
1,001.1
5,223.85
4,514.29
4,342.71
3,851.18
3,919.89
3,835.8
Tangible Book Value per Share
10
9
9
9
10
10
11
11
11
12
12
15
15
14
13
13
13
Basic Weighted Avg Shares
56,011
38,588
27,048
39,267
40,288
30,577
44,710
55,318
48,068
37,285
39,417
47,468
59,177
77,984
78,044
80,533
79,133
Sales/Revenue/Turnover
20.05
-13.07
-9.31
-12.31
-1.02
-36.8
-28.45
-8.83
-17.53
-65.39
-11.09
2.12
-10.03
3.18
2.37
-1.67
-1.86
Operating Margin (%)
1,508
1,807
1,247
1,151
1,202
2,735
4,484
4,723
4,618
11,484
5,873
1,681
1,575
2,181
2,464
2,794
2,922
Depreciation Expense
3,888
-7,516
-1,049
-6,288
-481
-11,045
-13,781
-7,723
-10,316
-38,323
-24,616
60,478
-7,588
664
-6,351
1,476
1,265
Net Income, GAAP
25.83
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
7.37
- -
- -
- -
Effective Tax Rate (%)
6.94
-19.48
-3.88
-16.01
-1.19
-36.12
-30.82
-13.96
-21.46
-102.78
-62.45
127.41
-12.82
0.85
-8.14
1.83
1.6
Profit Margin (%)
21,993
15,924
16,528
11,610
6,336
-1,468
-9,505
-12,599
-8,120
-22,021
-9,147
62,231
50,086
38,586
37,326
40,977
39,996
Working Capital
2,400
2,300
2,284
1,017
250
8,446
10,491
8,338
10,058
7,774
3,522
465
1,177
887
378
7,637
8,000
LT Debt
39,800
29,958
29,796
25,768
30,102
21,956
19,207
16,112
14,768
11,448
15,914
77,339
68,689
57,392
50,786
53,085
51,911
Total Equity
19.26
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.14
- -
- -
- -
Return on Invested Capital (%)
9.29
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.7
- -
- -
- -
Return on Capital (%)
10.23
-21.49
-3.52
-22.76
-1.72
-42.32
-69.03
-49.25
-81.72
-354.71
-196.84
128.95
-10.25
1.04
-11.58
2.79
2.44
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
5,956
6,171
6,598
LT Borrowings
5,047
6,203
6,311
LT Finance Leases
152
1,434
1,689
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
80,394
57,488
59,466

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
83,425
79,743
80,193
Cash, Cash Equivalents & STI
24,913
28,165
27,241
Accounts Receivable, Net
15,305
15,268
10,874
Inventories
38,560
31,210
35,564
Total Current Liabilities
40,674
38,766
40,197
Payables & Accruals
- -
- -
- -
ST Debt
5,956
6,171
6,598
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.09%
70.28%
4.53%
Free Cash Flow
-5.08%
-17.55%
50.6%
Net Income, GAAP
-149.61%
-349.24%
-123.24%
Sales/Revenue/Turnover
12.03%
16.03%
3.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19,373
16,093
18,855
23,722
78,044
2025
17,210
16,985
21,723
24,614
80,533
2026
15,811
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
161
-82
-63
-442.31
-498
2025
-67
-39.5
37.16
184.9
116
2026
-83.44
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Wave Electronics Co., Ltd. engages in the research, development, manufacture, and distribution of telecommunications equipment, defense electronics, and display materials. Founded in 1999 and headquartered in Hwaseong-si, South Korea, the company operates primarily across three core business divisions: Telecommunications, Defense Electronics, and Advanced Display Materials. The company offers a comprehensive range of hardware and system components, organized into specialized product categories: telecommunication infrastructure products, including radio frequency (RF) power amplifiers, gallium nitride (GaN) high-power amplifier modules for 4G LTE and 5G base stations, remote radio heads (RRH), digital pre-distortion (DPD) modules, RF transceivers, cavity filters, and repeaters for mobile wireless communication networks; defense and aerospace electronics, including precision-guided weapon electronic control units, RF seeker transmitters and receivers, power supply units (PSU), tactical communication modules, radar signal processing devices, and missile guidance electronics; and display components, including electroformed fine metal masks (FMM) utilized in organic light-emitting diode (OLED) panel deposition, image processing units, and optical materials for consumer and automotive displays. Wave Electronics Co., Ltd. serves telecommunications equipment vendors, mobile network operators, defense prime contractors, government defense agencies, and flat-panel display manufacturers across South Korea, Asia-Pacific, North America, and Europe. In recent developments, Wave Electronics Co., Ltd. has accelerated the development and commercial rollout of high-efficiency GaN-based RF power amplifiers designed for 5G-Advanced and next-generation Massive MIMO base station architectures. The company has expanded its commercialization initiatives for proprietary electroforming-based fine metal mask (FMM) technology tailored for high-resolution mobile and IT OLED display manufacturing. In addition, the company has expanded its defense electronics division through extended production agreements for guided-weapon RF transceiver modules and tactical communication systems, while optimizing its operational footprint to focus on high-margin defense systems and advanced wireless infrastructure solutions.