Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,069, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 10x in the Entertainment industry in South Korea. Total loss to shareholders of 85% over the past three years. Annonce • Mar 11
Next Entertainment World Co., Ltd., Annual General Meeting, Mar 26, 2026 Next Entertainment World Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 114, taebong-ro, seocho-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩1,700, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 13x in the Entertainment industry in South Korea. Total loss to shareholders of 77% over the past three years. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: ₩30.81 (vs ₩722 loss in FY 2024) Full year 2025 results: EPS: ₩30.81 (up from ₩722 loss in FY 2024). Revenue: ₩142.6b (up 26% from FY 2024). Net income: ₩859.8m (up ₩21.0b from FY 2024). Profit margin: 0.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. New Risk • Jul 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩89.2b market cap, or US$63.9m). Annonce • Apr 16
Next Entertainment World Co., Ltd. announced that it has received KRW 7 billion in funding from Kcubeholdings Co., Ltd. On April 15, 2025. Next Entertainment World Co., Ltd. has closed the transaction. Annonce • Mar 13
Next Entertainment World Co., Ltd., Annual General Meeting, Mar 27, 2025 Next Entertainment World Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: danjae hall, 114, taebong-ro, seocho-gu, seoul South Korea Annonce • Mar 06
Next Entertainment World Co., Ltd. announced that it has received KRW 12.5 billion in funding from Kingo Investment Partners Co. Ltd., SK Securities Co., Ltd., JB Woori Capital Co., Ltd On March 5, 2025, Next Entertainment World Co., Ltd. closed the transaction. New Risk • Dec 02
New major risk - Revenue and earnings growth Earnings have declined by 2.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩65.4b market cap, or US$47.0m). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩62.1b market cap, or US$47.2m). Reported Earnings • Mar 22
Full year 2023 earnings released: ₩276 loss per share (vs ₩260 profit in FY 2022) Full year 2023 results: ₩276 loss per share (down from ₩260 profit in FY 2022). Revenue: ₩129.1b (down 17% from FY 2022). Net loss: ₩7.69b (down 206% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. New Risk • Nov 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩123.3b market cap, or US$95.6m). New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.7b (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (₩133.7b market cap, or US$98.8m). New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩6,720, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 31x in the Entertainment industry in South Korea. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,960, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 33x in the Entertainment industry in South Korea. Total returns to shareholders of 45% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩260 (vs ₩431 loss in FY 2021) Full year 2022 results: EPS: ₩260 (up from ₩431 loss in FY 2021). Revenue: ₩155.6b (up 10.0% from FY 2021). Net income: ₩7.26b (up ₩19.3b from FY 2021). Profit margin: 4.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 10
Next Entertainment World Co., Ltd. announced that it has received KRW 20 billion in funding On April 8, 2021, Next Entertainment World Co., Ltd. (KOSDAQ:A160550) closed the transaction. Annonce • Apr 02
Next Entertainment World Co., Ltd. announced that it expects to receive KRW 20 billion in funding Next Entertainment World Co., Ltd. (KOSDAQ:A160550) announced a private placement of third Non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 20,000,000,000 on March 31, 2021. The transaction included participation from new investor IBKC Global Contents New Technology Fund. The bonds are zero coupon bonds. The bonds are fully convertible into 1,465,201 shares of the company at a fixed conversion price of KRW 13,650 per share for 4.99% share ratio. The conversion period starts from October 08, 2022 and will end on March 08, 2026. The bonds carry maturity date of April 08, 2026. The bonds will have lock in period of one year. The transaction has been approved by the board of directors of the company. The transaction is expected to close on April 8, 2021.
On March 31, 2021, the company announced that the bonds are fully convertible into shares of the company at a fixed conversion price of KRW 10,920 per share. Is New 90 Day High Low • Mar 03
New 90-day high: ₩10,200 The company is up 132% from its price of ₩4,400 on 03 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩38,607 per share. Is New 90 Day High Low • Jan 27
New 90-day high: ₩9,930 The company is up 158% from its price of ₩3,855 on 29 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: ₩7,660 The company is up 78% from its price of ₩4,300 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₩4,630 The company is up 17% from its price of ₩3,945 on 10 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 5.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩3,680 The company is down 24% from its price of ₩4,860 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. 