Park Systems Secures Strong Performance This Year Following Last Year... "Benefiting from System Semiconductor"

[Asia Economy Reporter Hyunseok Yoo] Park Systems is expected to record strong performance this year as well, following last year.

According to the financial investment industry on the 21st, Park Systems recorded sales of 71.2 billion KRW and operating profit of 15 billion KRW last year. This represents an increase of 37% and 80%, respectively, compared to the previous year.

The reason for last year's strong performance was the increase in orders from semiconductor clients and the expansion of application areas. Park Systems' atomic force microscope (AFM) was mainly applied to measure morphology in the semiconductor front-end process field. However, it is also applied in areas outside the front-end process, which limits overlap with competitors, and this is an advantage.

Strong performance is also expected this year. Hana Financial Investment forecasted that Park Systems' sales and operating profit in 2021 would reach 96.1 billion KRW and 23.1 billion KRW, respectively. Kim Kyungmin, a researcher at Hana Financial Investment, explained, "Considering the competitive landscape of facility investment in the advanced processes of system semiconductor foundries, achieving sales in the mid-90 billion KRW range is expected," adding, "I am curious how far Park Systems' market capitalization can rise."

Along with this, an increase in foreign ownership is also anticipated. He said, "A point worth noting is that when inspection equipment supplier KoYoung expanded its base to global clients, it recorded a price-earnings ratio (PER) of over 30 times, showing that even Korean companies can receive high valuations if performance and investor relations (IR) credibility are supported," emphasizing, "Considering that Park Systems' foreign ownership is only 13.8%, there remains an expectation that something will continue to come out of this still substantial pocket."

Meanwhile, Park Systems, established in 1997, is a company developing atomic force microscopes (AFM) in the advanced measurement instrument field. It entered the KOSDAQ market in 2015.