Risk factor
Very poor trading liquidity
Profitability factor
Excellent dividends
About
Iljin Diamond Co., Ltd. operates as a global supplier and manufacturer of advanced tool materials, with a presence spanning South Korea, the United States, Europe, Japan, China, and various international markets. The company's extensive product line features several diamond-based solutions. These include polycrystalline diamond (PCD) and polycrystalline cubic boron nitride (PCBN), both specifically formulated for cutting applications. They also produce synthetic diamond for general use in items like saw blades, cutters, and core drill bits, as well as a premium grade of synthetic diamond tailored for demanding tasks such as mining bits and the multi-wire cutting of granite. Iljin Diamond further offers metal bond, resin bond, and vitrified bond diamonds, all engineered for processing nonferrous materials. Their micron powders, composed of finely sized synthetic diamond and CBN, are crucial for precision manufacturing stages like grinding, polishing, and finishing within diverse industries including electronics, semiconductors, and automotive. Additionally, the company develops shape-reformed diamond products. Beyond diamond offerings, Iljin supplies CBN powder, an essential material for working with various metallic substances such, as super-alloys, bearing steel, and heat-treated steel. Their portfolio also encompasses tungsten carbide rods, which are integral to numerous workpiece processing activities across sectors like automotive, aerospace, energy, IT, and medicine. Moreover, Iljin Diamond manufactures tungsten carbide rolls and diamond wires, specifically designed for cutting delicate materials such as solar cell silicon, LED sapphire, and glass for mobile phone displays. The company also produces polycrystalline diamond compact (PDC) products. Founded in 1985 and headquartered in Seoul, South Korea, Iljin Diamond Co., Ltd. functions as a subsidiary of ILJIN Holdings Co., Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, overvalued on EV/EBITD.