Buy Or Sell Opportunity • May 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₩3,000. The fair value is estimated to be ₩3,862, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,365, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 19x in the IT industry in South Korea. Total returns to shareholders of 22% over the past three years. Annonce • Mar 04
iCRAFT Co., Ltd., Annual General Meeting, Mar 23, 2026 iCRAFT Co., Ltd., Annual General Meeting, Mar 23, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 8, teheran-ro 44-gil, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩3,130, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 19x in the IT industry in South Korea. Total loss to shareholders of 8.4% over the past three years. Annonce • Feb 10
iCRAFT Co., Ltd. announces Annual dividend, payable on April 23, 2026 iCRAFT Co., Ltd. announced Annual dividend of KRW 100.0000 per share payable on April 23, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,175, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 5.5% over the past three years. New Risk • Oct 09
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 7.3% 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 1.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₩30.7b market cap, or US$21.6m). New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings have declined by 1.1% 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 1.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩34.1b market cap, or US$24.5m). Reported Earnings • Mar 20
Full year 2024 earnings released: ₩77.00 loss per share (vs ₩381 profit in FY 2023) Full year 2024 results: ₩77.00 loss per share (down from ₩381 profit in FY 2023). Revenue: ₩100.5b (down 28% from FY 2023). Net loss: ₩926.1m (down 120% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Annonce • Mar 05
iCRAFT Co., Ltd., Annual General Meeting, Mar 24, 2025 iCRAFT Co., Ltd., Annual General Meeting, Mar 24, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 8, teheran-ro 44-gil, gangnam-gu, seoul South Korea New Risk • Jan 08
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 11% 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 (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩38.1b market cap, or US$26.1m). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩2,455, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 16x in the IT industry in South Korea. Total loss to shareholders of 46% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 03 April 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.7%). New Risk • Nov 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (₩26.0b market cap, or US$18.6m). 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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩28.5b market cap, or US$21.7m). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩2,980, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 14x in the IT industry in South Korea. Total loss to shareholders of 47% over the past three years. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩381 (vs ₩42.00 in FY 2022) Full year 2023 results: EPS: ₩381 (up from ₩42.00 in FY 2022). Revenue: ₩138.7b (up 23% from FY 2022). Net income: ₩4.56b (up ₩4.05b from FY 2022). Profit margin: 3.3% (up from 0.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩3,790, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 18x in the IT industry in South Korea. Total loss to shareholders of 8.9% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 06 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.3%). In line with average of industry peers (2.0%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₩2,510, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the IT industry in South Korea. Total loss to shareholders of 14% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩4,105, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 16% share price gain to ₩5,980, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 21x in the IT industry in South Korea. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩7,070, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 24x in the IT industry in South Korea. Total returns to shareholders of 178% over the past three years. Is New 90 Day High Low • Feb 24
New 90-day low: ₩3,685 The company is down 18% from its price of ₩4,490 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 16% over the same period. Annonce • Feb 22
iCRAFT Co., Ltd., Annual General Meeting, Mar 26, 2021 iCRAFT Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 29
New 90-day low: ₩3,755 The company is down 2.0% from its price of ₩3,830 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 03
New 90-day high: ₩4,445 The company is up 6.0% from its price of ₩4,205 on 05 August 2020. The South Korean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: ₩3,600 The company is down 19% from its price of ₩4,430 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 IT industry, which is up 4.0% over the same period.