매출 성장 + 마진 확대 + FCF 양수
Positive매출이 +10.4% 성장하면서 영업이익률이 7.5%에서 7.5%로 확대되었다. FCF도 양수를 유지하여 질적 성장이 확인된다.
Evidence
매출 YoY +10.4%영업이익률 7.5%→7.5%FCF 9,206
Telcoware
078000 · KOSPI₩13,360-0.22%
2026-09-04 closeTelcoware last closed at ₩13,360 (-0.22%) on 2026-09-04. Signals today: VCP. Listed on KOSPI; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
303 picks
Next-day win rate
50.7%
Avg next-day
-0.11%
vs market
-0.49%p
Every new-high-plus-volume pick we actually published (Korea market) — not this stock alone.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
A
Overall: 소프트웨어 26/166 · top 15%
Factor composite · relative position in sector
PER 24.81 · PBR 1.13 — own-history percentile 41/100 · 42/100
Open self-history band
PER41/100
PBR42/100
Factual information · not investment advice
Past reported results · not investment advice
More — deeper indicators
Annual dividend
Split-adjusted annual DPS history and available grade axes
Paid 21 consecutive years · Raised 0 consecutive years · Yield 4.79% (based on 2025 payment of 640원) · 3-year growth +8.6%
Per-share amount adjusted for splits and capital reductions · Factual information, not investment advice.
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 13.74
Distress
Grey
Safe
- Altman Z''
- 13.74
- Beneish M-Score
- -2.00
- Sloan accrual
- 0.43%
No statistical flag
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
4/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score4/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROANot passed
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtNot passed
- Higher current ratioNot passed
- No new sharesPass
Efficiency
- Higher gross marginNot passed
- Higher asset turnoverPass
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Industry structure
KRAs of 2026-09-05소프트웨어
This stock is in 소프트웨어: revenue rank 107 of 166, share 0.1%.
107 / 1660.1%revenue share
Who dominates this industry?
- 1삼성에스디에스18.6%
- 2NAVER14.4%
- 3카카오10.6%
- 4현대오토에버5%
- 5NICE4.1%
- 6텔코웨어0.1%
Concentration
DistributedCR3 43.6%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
MixedConsistentPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 9.31
- Direction
- 축소
- Level
- 보통
- Years
- 7
Value lens
- P90/P10
- 6.4
- Median P/B
- 1.28
- Level
- 보통
- n
- 163
Survivorship note: 현재 산업 멤버십을 과거 연도에 소급 적용 — 과거 진입·퇴출 기업 미반영(복원 불가)
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 7.5%
- Interest coverage
- 40.8x
- Return on equity (ROE)
- 4.5%
Operating margin −5pp
Severe margin pressureInterest coverageBase 40.8x adverse case 13.7x
Return on equity (ROE)Base 4.5% adverse case 1%
Revenue −15%
TolerableInterest coverageBase 40.8x adverse case 34.7x
Return on equity (ROE)Base 4.5% adverse case 2.5%
Interest rate +2pp
TolerableInterest coverageBase 40.8x adverse case 9x
Return on equity (ROE)Base 4.5% adverse case 2.7%
Interest coverage limit
Current margin 7.3ppInterest coverage limit at an operating margin of 0.2%
Interest expense coverage threshold
Key suppliers · Annual report
Annual reportDART · 2026-03-19Suppliers disclosed by the company in its 2026-03-19 annual report.
Purchase amount
KRW 100m- NetworkKRW 56.4T
- PackageKRW 11.6T
Suppliers without disclosed amount
라고SK텔레콤Price comovement r=-0.04 (1 year)LG유플러스Price comovement r=0.02 (1 year)IIIVIIVIIIXIITELCOWARELTDHandsetAccessCore+55 more
Who held it · filings
Filed recordA historical record from curated-guru 13F filings and DART 5%+ major-holding disclosures.
US 13F는 분기 공시이며 최대 45일 뒤 제출될 수 있습니다.
5%+ major-holding disclosures
- 금한태41.09%2025-06-13 · 증감 +11.91%p
Connections
AI-extracted related companies · for reference
Suppliers
Customers
Competitors
에릭슨노키아화웨이
Recent filings
Telcoware's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
About Telcoware
- What technical signals does Telcoware (078000) have?
- Telcoware current technical signals: no active technical signal.
- Is Telcoware a cup-and-handle pattern?
- No. Telcoware has no valid cup-and-handle signal right now.
- What are Telcoware's financials and valuation?
- Telcoware's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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