SensorView is a specialist materials-parts-equipment (MPE) company that makes ultra-high-speed RF interconnect components for mmWave (millimeter-wave, a very high frequency band), supplying cables, connectors, and antennas built on its own technology to the defense, space, telecom, and instrumentation markets. Supply contracts have come in one after another recently, with a ₩1.1 billion deal (5.6% of recent revenue) signed on June 19, 2026 and a ₩3.1 billion deal (16.6%) on May 26, 2026, while revenue has grown for a third straight year and the annual loss has steadily narrowed. What stands out now is that if mmWave demand recovers and the run of supply contracts settles into recurring revenue that carries the company to profitability, the picture is strong; but it has not yet turned profitable, its finances are tight with a debt ratio of 280.5% and a current ratio of 32.4%, and Q1 2026 revenue fell sharply year over year, so the large quarter-to-quarter swings need to be watched as well.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt is somewhat higher than equity (debt ratio 280.5%).
- Assets that can be turned to cash within a year fall short of near-term liabilities (current ratio 32.4%).
- The most recent full-year net result was a loss.
- Revenue rose 21.9% year over year, and the pace is slowing (3-year trend: rising).
- Most recent quarter (Q1 2026) revenue was 61.9% lower than a year earlier.
- ROE is -116.7% (controlling-interest basis). It is below the sector average.
- Operating margin is -60.8%.
- P/E is hard to compute here, so this is read on P/B.
Ownership & governance As of 2025-12-31
Largest shareholder Kim Byeong-nam 8.65% (individual)
Controlling bloc incl. related parties 13.49%
With the controlling bloc holding 13%, ownership is dispersed, leaving room for control-related or activist dynamics.
🔎 In-depth analysis
- SensorView belongs to the materials-parts-equipment (MPE) sector and makes ultra-high-speed RF interconnect solutions for mmWave (millimeter-wave, a very high frequency band).
- Its main products are the cables, connectors, and antennas that carry these high-frequency signals without loss, and a point of differentiation is that few companies in Korea hold in-house technology for all three at once.
- Its end markets are broad, spanning defense, aviation, and space through next-generation mobile base stations, measurement and test equipment, and semiconductor metrology tools.
- With a market capitalization of ₩96.4 billion the company is on the smaller side, so it is worth watching not only the trend of the business itself but also how a single disclosure such as a supply contract or a financing move affects earnings and the share count.
- The latest close is ₩1,525 and market capitalization is ₩78.8 billion.
- The price sits below both the 20-day line (₩2,066) and the 60-day line (₩2,773).
- Trading beneath both its short- and medium-term moving averages, the trend is on the subdued side.
- The RSI (a supplementary gauge that weighs upward against downward force over the past 14 days on a 0-100 scale) is 31.6, a neutral level.
- The price is down 43.0% over one month and 44.8% over three months, and stands 66.6% below its 52-week high.
- Relative strength versus the KOSDAQ is 72 (1-99, converting return against the index over the past year with more weight on recent performance; higher means stronger than the market), placing it in roughly the top 28% of all stocks by strength.
- Over the past three months it lagged the index by 28.8%.
- Chart reading is best done alongside volume and disclosure dates.
- For the most recent full year (2025), revenue was ₩19.0 billion, operating profit was -₩11.6 billion, and net profit was -₩15.2 billion, so the company is still loss-making.
- The operating margin was -60.8% and ROE (how much is earned in a year on equity) was -116.7%.
- The debt ratio (borrowings against equity) is 280.5% and the current ratio (assets quickly convertible to cash against debt due within a year) is 32.4%, so financial headroom is on the tight side.
- The P/E ratio (how many times a year's profit the price represents) cannot be computed because of the loss, so valuation is read through a P/B of 6.05x.
- Because a loss-making company's P/B tends to read higher the smaller its equity, rather than calling the number expensive on its own it is more accurate to look at whether the loss is actually narrowing and at the state of its cash position.
- Revenue rose for three straight years, from ₩8.5 billion in 2023 to ₩15.6 billion in 2024 and ₩19.0 billion in 2025 (+21.9% in 2025, a two-year average of +49.9%).
- What stands out is that the loss has narrowed year after year: operating profit went from -₩18.0 billion (2023) to -₩15.8 billion (2024) to -₩11.6 billion (2025), and net profit from -₩18.3 billion to -₩17.8 billion to -₩15.2 billion, with losses steadily closing.
- Revenue growth and a shrinking loss appearing together can be read as a sign the business is improving efficiency as it scales.
- That said, Q1 2026 revenue was ₩2.1 billion, down 61.9% from the same period a year earlier, with operating profit of -₩3.4 billion and net profit of -₩4.2 billion, so the loss continued.
- This year's revenue estimate (about ₩7.6 billion) is a provisional figure derived from quarterly results and is best read with a margin, and how mmWave demand and new supply contracts flow into quarterly results will shape the full-year picture.
- Recent disclosures center on supply contracts.
- On June 19, 2026 the company signed a ₩1.1 billion contract (5.6% of recent revenue) under a voluntary disclosure, on May 26 a ₩3.1 billion contract (16.6% of recent revenue), and on June 8 there was a disclosure amending the related contract terms (16.6% of revenue).
- For a contract, the weight it carries for future revenue recognition depends on its size and duration and on whether it is a one-off or a repeatable transaction.
- With revenue still at a modest scale, each such contract has a relatively large effect on results, so it is worth confirming in subsequent quarterly results whether the contracts actually translate into revenue and profit.
- The strength is the differentiation of holding in-house technology for mmWave RF interconnect components used across defense, space, telecom, and instrumentation, right down to cables, connectors, and antennas, together with the direction of revenue growing for a third year as the annual loss steadily narrows.
- The steady flow of new supply contracts is also favorable on the demand side.
- On the other side, the points to watch are that the company has not yet turned profitable, that financial headroom is tight with a debt ratio of 280.5% and a current ratio of 32.4%, and that Q1 2026 revenue fell sharply year over year, making quarterly swings large.
- In sum, if mmWave demand recovers and the run of supply contracts settles into recurring revenue so that the narrowing loss turns into profit, the picture is strong; conversely, if the contracts prove one-off and quarterly results stay uneven, the financial burden can come to the fore.
🔎 Valuation vs peers Overvalued
A peer group of neighboring market caps within the electronic components and display sector.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Sekonix Hi-Tech | 2.14x | 0.44x | 20.69% |
| Actro | 10.37x | 1.05x | 10.08% |
| Amogreentech | 16.54x | 1.20x | 7.27% |
Within electronic components and display, a public-data peer group of nearby market capitalizations was looked at first. The current P/E ratio (how many times a year's profit the price represents) cannot be confirmed, and the P/B (how many times book value the price represents) is 6.05x. That said, because smaller-cap stocks are heavily affected by earnings swings and financing disclosures, no firm conclusion was drawn from metrics based on last year's confirmed results alone. The basis for the outlook box is a DART seasonality approximation.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩7.6 billion | — | — |
| Next quarter | Q2 2026 | ₩1.8 billion | — | — |
Price history Close · MA20 · MA60
The latest close is ₩1,525 and the market capitalization is ₩78.8 billion. The price sits below its 20-day moving average (₩2,066) and below its 60-day moving average (₩2,773). It is under both its short- and medium-term moving averages, so the trend looks subdued. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 31.6, a neutral level. The one-month change is -43.0%, the three-month change is -44.8%, and the position relative to the 52-week high is -66.6%. Relative strength versus the KOSDAQ is 72 (on a 1-99 scale, converted from returns against the index over the past year with more weight on recent performance; higher means stronger than the market). It is stronger than roughly 72% of all stocks. Over the past three months it lagged the index by 28.8%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
Relative performance stock vs index · start = 100
Excess return vs index · 3M -28.80% / 6M -6.32% / 12M +3.87%
Key metrics vs sector median
Valuation
A net loss makes the P/E an unreliable valuation gauge. The P/B of 6.05x is above the sector median (1.63x).
Enterprise value (EV)
EV = market cap + net debt. It reflects cash and debt, so it captures the real cost of the whole business that market cap alone misses; lower multiples are cheaper relative to earnings or sales.
Profitability & financials
Return on equity (ROE) is -116.7%, below the sector average (7.0%). The operating margin is -60.8%. The debt ratio is 280.5%, so the financial structure is somewhat high.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $5.6M | $10.3M | $12.6M | +21.88% ↓ slower |
| Operating profit | -$12.0M | -$10.5M | -$7.7M | — |
| Net profit | -$12.2M | -$11.8M | -$10.1M | — |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $5.6M | $10.3M | $12.6M |
| Operating profit | — | — | -$12.0M | -$10.5M | -$7.7M |
| Net profit | — | — | -$12.2M | -$11.8M | -$10.1M |
| Revenue CAGR | 2-yr avg 49.90% | ||||
Revenue rose 21.9% year over year (2023 ₩8.5 billion → 2024 ₩15.6 billion → 2025 ₩19.0 billion), and the three-year trend is 'rising'. That said, the pace of growth slowed from the prior year. Operating results are in the red, so a swing back to profit matters more than the growth rate here. Over the 3 years on record, revenue compound annual growth (CAGR) is 49.9%. The two-year revenue CAGR is 49.9%. In the most recent quarter (Q1 2026), revenue was 61.9% lower than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- Revenue grew 21.9% year over year, a sign of growth.
Points to watch
- Debt is somewhat higher than equity (debt ratio 280.5%).
- Assets that can be turned to cash within a year fall short of near-term liabilities (current ratio 32.4%).
- The most recent full year was a loss, so it is worth checking whether profitability recovers.
- The price is high versus peers, so expectations already appear priced in.
Recent news & events searched · sourced
- 2026-06-19ContractSingle sales / supply contract signed (voluntary disclosure): contract value ₩1.1 billion, 5.6% of recent revenueThe contract value and term are central to future revenue recognition. Whether it is a one-off or a repeatable transaction determines the medium-term read. Source
- 2026-06-08Contract[Amended] Single sales / supply contract signed: 16.6% of recent revenueThe contract value and term are central to future revenue recognition. Whether it is a one-off or a repeatable transaction determines the medium-term read. Source
- 2026-05-26ContractSingle sales / supply contract signed: contract value ₩3.1 billion, 16.6% of recent revenueThe contract value and term are central to future revenue recognition. Whether it is a one-off or a repeatable transaction determines the medium-term read. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩1,525 | ₩1,525 | Confirmed | link |
| Latest quarterly results | revenue ₩2.1 billion, operating profit -₩3.4 billion | revenue ₩2.1 billion, operating profit -₩3.4 billion | Confirmed | link |
| Annual results | revenue ₩19.0 billion, operating profit -₩11.6 billion | revenue ₩19.0 billion, operating profit -₩11.6 billion | Confirmed | link |
| Contract disclosure source text | ㆍapprox. : approx. ₩1.1 billion · revenue 5.6% | ㆍapprox. : approx. ₩1.1 billion · revenue 5.6% | Confirmed | link |
| Contract disclosure source text | []ㆍapprox. : revenue 16.6% | []ㆍapprox. : revenue 16.6% | Confirmed | link |
| Contract disclosure source text | ㆍapprox. : approx. ₩3.1 billion · revenue 16.6% | ㆍapprox. : approx. ₩3.1 billion · revenue 16.6% | Confirmed | link |
| Outlook box basis | DART | DART | Confirmed | link |
Recent filings
- 2026-06-08Amended filing
- 2026-06-08Single supply/sales contract (amended)
- 2026-06-04Material-fact report (amended)
- 2026-06-01Amended filing
- 2026-05-26Single supply/sales contract
- 2026-05-18Amended filing
- 2026-05-18Disclosure
- 2026-05-14PeriodicQuarterly report
- 2026-05-07Amended filing
- 2026-04-28Disclosure
- 2026-04-28Disclosure
- 2026-04-24Material-fact report (amended)
📖 Plain-language glossary — expand if you are new to this
- P/E
- How many times a year's net profit the price is worth (lower is cheaper relative to earnings). The P/E here is on trailing (last full-year) results; for companies whose earnings swing fast (memory chips and other cyclicals/high-growth), a forward P/E on this year's expected earnings is more accurate.
- P/B
- Price relative to net assets (equity). Around 1x means it trades near book value; below 1x means below book.
- P/S
- Price relative to a year's revenue — useful for growth companies with thin earnings.
- Net debt / EV
- Net debt = interest-bearing debt − cash. Negative means more cash than debt (net cash). EV (enterprise value) = market cap + net debt, closer to what it would cost to buy the whole business.
- EV/EBIT · EV/EBITDA · EV/Sales
- Enterprise value against operating profit (EBIT), EBITDA, or revenue. Unlike P/E these reflect debt and cash; lower is cheaper relative to earnings power or sales.
- FCF / FCF yield
- Free cash flow = operating cash − capex, the cash actually left over. FCF yield = FCF ÷ market cap; higher means more cash generated per unit of market value.
- Intrinsic value (DCF)
- Future free cash flow (or, for some capex-heavy but profitable names, forecast earnings) discounted to today to estimate per-share value. Because it shifts a lot with the discount-rate and growth assumptions, it is shown as a bear/base/bull range, and the basis and assumptions are disclosed in one line beneath it.
- ROE
- How much profit the company earns in a year on its equity (%). Higher means better returns on capital.
- EPS / BPS
- Earnings per share / net assets (book value) per share.
- Operating / net margin
- Profit left from the core business / final profit after tax and interest, per unit of revenue.
- Debt ratio
- Debt relative to equity (%). Higher means more reliance on borrowing (norms vary by sector).
- Current ratio
- Assets convertible to cash within a year against debt due within a year. Above 100% leaves some short-term headroom.
- Interest coverage
- How many times operating profit covers the interest owed. Below 1x means operating profit alone struggles to cover interest.
- Dividend yield / payout ratio
- The year's dividend as a % of today's price / the share of earnings paid out as dividends.
- Revenue CAGR
- Multi-year growth expressed as a single yearly average (compound annual growth rate).
- RSI (short-term signal)
- Whether recent price action is overheated or beaten down. Above 70 is overbought, below 30 oversold.
- MA20 / MA60 (moving averages)
- The 20- and 60-day average price. Price above them signals a firmer short-term trend.
- vs 52-week high
- How far below the past year's peak the price sits now (%).
All figures are for reference only; how they read varies by sector and over time.
Sources: Korea FSC market-price API (data.go.kr), OpenDART, KRX/KIND — public data only.
Bong Stocks presents public-data-based information for reference only. It is not investment advice and contains no target prices, ratings, or buy/sell recommendations. Verify independently before making any decision.