Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
 <li>
Technology Leader in a Growing Niche Market: <a href="https://smartkarma.com/entities/park-systems-corp">Park Systems</a> is the global market leader in the Atomic Force Microscopy (AFM) industry, a critical segment for nanoscale metrology. The company's growth is propelled by secular tailwinds, including semiconductor miniaturization and increasing R&amp;D in life sciences and materials science.</li>
 <li>
Founder-Led with Deep Expertise: The company is led by its founder, Dr. Sang-il Park, a pioneer who was part of the Stanford team that invented the AFM and who commercialized the world's first AFM. This deep technical expertise forms the foundation of the company's innovative product development and competitive edge.</li>
 <li>
Strong Financial Performance with a Robust Outlook: <a href="https://smartkarma.com/entities/park-systems-corp">Park Systems</a> has demonstrated an impressive track record of high-growth, with a 5-year revenue CAGR of 27.5% and a 5-year net income CAGR of 38.2%. The outlook remains positive, supported by strategic acquisitions and expansion into new applications, though valuation appears full, reflecting high expectations.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Technology Leader in a Growing Niche Market: Park Systems is the global market leader in the Atomic Force Microscopy (AFM) industry, a critical segment for nanoscale metrology. The company's growth is propelled by secular tailwinds, including semiconductor miniaturization and increasing R&amp;D in life sciences and materials science.
  
Founder-Led with Deep Expertise: The company is led by its founder, Dr. Sang-il Park, a pioneer who was part of the Stanford team that invented the AFM and who commercialized the world's first AFM. This deep technical expertise forms the foundation of the company's innovative product development and competitive edge.
  
Strong Financial Performance with a Robust Outlook: Park Systems has demonstrated an impressive track record of high-growth, with a 5-year revenue CAGR of 27.5% and a 5-year net income CAGR of 38.2%. The outlook remains positive, supported by strategic acquisitions and expansion into new applications, though valuation appears full, reflecting high expectations.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Park Systems (140860 KS) - Oct 2025

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul>
<li>Our base case valuation of Gigavis IPO is target price of 61,755 won per share, representing 56% higher than the high end of the IPO price range.</li>
<li>We estimate the company to generate sales of 126.6 billion won (up 27% YoY) in 2023 and 150.9 billion won (up 19.2% YoY) in 2024.</li>
<li>Our base case valuation is based on 21.8x P/E using our estimated net profit of 35.9 billion won in 2023.</li>
</ul>


Our base case valuation of Gigavis IPO is target price of 61,755 won per share, representing 56% higher than the high end of the IPO price range.
We estimate the company to generate sales of 126.6 billion won (up 27% YoY) in 2023 and 150.9 billion won (up 19.2% YoY) in 2024.
Our base case valuation is based on 21.8x P/E using our estimated net profit of 35.9 billion won in 2023.


<ul>
<li>Gigavis is offering 2.22 million shares in this IPO. The expected market cap of the IPO is from 436 billion won to 503 billion won.</li>
<li>The maximum IPO offering amount is 88.1 billion won. The IPO price is between 34,400 won to 39,700 won.</li>
<li>Gigavis makes automatic optical repair equipment (AOR) for the semiconductor industry. </li>
</ul>


Gigavis is offering 2.22 million shares in this IPO. The expected market cap of the IPO is from 436 billion won to 503 billion won.
The maximum IPO offering amount is 88.1 billion won. The IPO price is between 34,400 won to 39,700 won.
Gigavis makes automatic optical repair equipment (AOR) for the semiconductor industry. 


South Korea

Park Systems Corp. designs and manufactures atomic force microscopes for industrial and scientific research purpose.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Park Systems (140860 KS)

Primer: Park Systems (140860 KS) - Oct 2025

Technology Leader in a Growing Niche Market: Park Systems is the global market leader in the Atomic Force Microscopy (AFM) industry, a critical...

αSK

Gigavis IPO Valuation Analysis

Our base case valuation of Gigavis IPO is target price of 61,755 won per share, representing 56% higher than the high end of the IPO price range.

Douglas Kim

Gigavis IPO Preview

Gigavis, a maker of AOI equipment for semiconductor industry, is offering 2.22 million shares in this IPO. The expected market cap of the IPO is...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)