[Click eStock] "Tefax, Double-Digit Growth in Performance This Year... Undervalued Growth Stock"

[Asia Economy Reporter Ji Yeon-jin] Hana Financial Investment forecasted on the 8th that the stock price of Taifax will rise as it shows double-digit growth in performance during the period of rising US interest rates.

Taifax is a subsidiary of Hansol Chemical, a supplier of semiconductor process materials. Its main products are tapes and Unilab for electronic materials, as well as goods and consumer products. The company announced yesterday that last year it recorded sales of 154.6 billion KRW, operating profit of 21.7 billion KRW, and net profit of 19.3 billion KRW. These figures represent increases of 30.2%, 56.5%, and 39.2%, respectively, compared to the previous year.

Kim Kyung-min, a researcher at Hana Financial Investment, said, "Taifax's stock price has been sluggish since November 2021, but last year's performance showed double-digit growth in line with expectations, and double-digit growth is also expected this year." He added, "The reason for the stock price slump is believed to be the decline in the stock price of the parent company, Hansol Chemical. Considering that there is almost no correlation with the main business, such a stock price decline is excessive."

Researcher Kim emphasized that the market capitalization of Taifax is 305.2 billion KRW compared to this year's estimated net profit of 26.7 billion KRW, resulting in a price-to-earnings ratio (PER) of 11.4 times, and stated, "Considering that half of the sales come from tapes for secondary batteries, this is an excessive undervaluation."

Taifax's sales, operating profit, and net profit for this year are expected to increase by 32.2%, 46.0%, and 38.7% compared to the previous year, reaching 204.4 billion KRW, 31.6 billion KRW, and 26.7 billion KRW, respectively. The tapes for secondary batteries are also expected to drive sales growth this year.

This content was produced with the assistance of AI translation services.