Ask Warren

JONBUR Research · Initiation

You're reading an earlier report from Oct 13, 2026. See the latest report

GigaVis · 420770 · Machinery

GigaVis: Revenue Recovery and Frequent Supply Contracts Meet a Sharp Share Price Rise and High Multiples

Why this report

Start of coverage: one of the 300 largest companies, written once its financial statements were in.

GigaVis, a KOSDAQ machinery company, has recovered from an operating loss in 2024 to a 26.2% trailing operating margin, and its shares are up 216.0% over one year to ₩129,100. The stock now trades at a P/E of 79.1 and a P/B of 7.9, and the valuation model produced no fair value estimate.

Written Oct 13, 2026 · Data as of Oct 12, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

XfWATGr/in@

Thesis

The data supports a clear earnings rebound. Revenue doubled in 2025 (up 100.6%) to ₩52.4B, operating income swung from a ₩1.8B loss to ₩12.1B, and the trailing twelve months to H1 2026 show revenue of ₩67.2B and operating income of ₩17.6B. The company also filed many major sales or supply contract disclosures between July and September 2026, which fits with that momentum, though the filing titles do not give contract sizes in this data.

What the data does not support is an easy read on value. Market cap is ₩1.64T against trailing net income of ₩20.7B, and ROE is only 10.0%, so the price embeds a lot of expected growth. The share price is 216.0% higher over one year but 20.3% lower over three months, and it rose 37.6% in the last month, which shows large swings. 2023 revenue was ₩91.4B, so current trailing revenue is still below that peak. Investor flow, foreign ownership and short balance data are not available, and no news headlines were provided.

Business overview

GigaVis is a KOSDAQ-listed machinery company founded on 2004-02-18 and listed on 2023-05-24, with 12,675,758 listed shares and CEO 강해철. Market capitalization is about ₩1.64T. The numbers have been volatile: revenue was ₩91.4B in 2023, fell 71.4% to ₩26.1B in 2024, then rose 100.6% to ₩52.4B in 2025. The data does not describe its products or customers, so nothing further can be said about the business itself.

Every earlier JONBUR Research report and update note on GigaVis, with Pro.

Unlock with Pro

Model estimate of fair value

The valuation model has no estimate for this company yet (not enough data, or no positive value with the base case).

Filings and data used

Report history

  1. Oct 23, 2026Update noteMajor contractGigaVis Wins ₩46.9B Semiconductor Substrate Inspection Equipment Order, Equal to 89.5% of 2025 Revenue
  2. Oct 13, 2026InitiationStart of coverage (300 largest)GigaVis: Revenue Recovery and Frequent Supply Contracts Meet a Sharp Share Price Rise and High Multiples

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information