257720 KR · Silicon2MW GOBLIN RESEARCH
Silicon2: The Next Challenge in Growth Is Cash Collection
Analysis date
Published
As of 2026-10-01, growth prospects are positive. At KRW 38,600, the share price is about 12.6 times past earnings assuming conversion of the new shares, but an undervaluation judgment requires improved cash collection given inventory pressure and additional investment.
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Read the full reportWhat this report covers
- Expansion of overseas distribution network is translating into profit
- Inventory growth is constraining cash generation
- Returns on raised funds must compensate for dilution