New Risk • May 16
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2025. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩104.3b market cap, or US$69.6m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩7,700, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 52% over the past three years. Annonce • Feb 27
WebCash Corporation, Annual General Meeting, Mar 24, 2026 WebCash Corporation, Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: we-hall, 220, yeongsin-ro, yeongdeungpo-gu, seoul South Korea New Risk • Jan 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₩123.8b market cap, or US$84.2m). Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 22 April 2026. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • Dec 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to ₩10,490. The fair value is estimated to be ₩13,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last year. Earnings per share has grown by 85%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. New Risk • Dec 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (₩143.2b market cap, or US$97.4m). Buy Or Sell Opportunity • Nov 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ₩10,350. The fair value is estimated to be ₩13,321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last year. Earnings per share has grown by 85%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 22nd April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Sustainability & Growth The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. Annonce • Nov 07
WebCash Corporation announces Annual dividend, payable on April 22, 2026 WebCash Corporation announced Annual dividend of KRW 100.0000 per share payable on April 22, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Oct 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩142.6b (US$99.9m) 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 Large one-off items impacting financial results. Market cap is less than US$100m (₩142.6b market cap, or US$99.9m). Buy Or Sell Opportunity • Oct 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to ₩12,510. The fair value is estimated to be ₩15,913, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last year. Earnings per share has grown by 85%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Annonce • Aug 19
WebCash Corporation (KOSDAQ:A053580) announces an Equity Buyback for KRW 3,000 million worth of its shares. WebCash Corporation (KOSDAQ:A053580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilizing the stock prices and enhance the shareholders' value. The program will end on February 19, 2026. As of August 17, 2025, the company had 783,588 shares in treasury within the scope available for dividend and 65,503 shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩17,200, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Software industry in South Korea. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩21,750, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Software industry in South Korea. Total returns to shareholders of 32% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 100% to ₩20,550. The fair value is estimated to be ₩15,827, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last year. Earnings per share has grown by 84%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩13,150, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Software industry in South Korea. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩15,100, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to ₩11,610, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 56% over the past three years. Buy Or Sell Opportunity • Apr 15
Now 27% undervalued Over the last 90 days, the stock has risen 14% to ₩11,610. The fair value is estimated to be ₩15,921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 34%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩11,300, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Software industry in South Korea. Total loss to shareholders of 59% over the past three years. Annonce • Feb 25
WebCash Corporation, Annual General Meeting, Mar 25, 2025 WebCash Corporation, Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: we-hall, 220, yeongsin-ro, yeongdeungpo-gu, seoul South Korea New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2018 fiscal period end). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (₩117.4b market cap, or US$80.8m). New Risk • Dec 11
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 10.0% 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 Latest financial reports are more than 1 year old (reported December 2018 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (₩116.6b market cap, or US$81.5m). Annonce • Feb 21
WebCash Corporation (KOSDAQ:A053580) announces an Equity Buyback for KRW 3,000 million worth of its shares. WebCash Corporation (KOSDAQ:A053580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilizing the stock prices and enhance the shareholders' value. The program will end on August 21, 2024. As of February 20, 2024, the company had 491,437 shares in treasury within the scope available for dividend and 65,503 shares in treasury through other repurchase. Annonce • Jan 24
WebCash Corporation (KOSDAQ:A053580) announces an Equity Buyback for KRW 3,000 million worth of its shares. WebCash Corporation (KOSDAQ:A053580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its common stock, pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilizing the stock prices and enhance the shareholders' value. The program will end on July 24, 2024. As of January 23, 2024, the company had 187,308 shares in treasury within the scope available for dividend and 65,503 shares in treasury through other repurchase. Buying Opportunity • Dec 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₩11,879, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is also forecast to grow by 7.2% per annum over the same time period. Buying Opportunity • Oct 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be ₩14,200, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Annonce • Jul 14
WebCash Corporation (KOSDAQ:A053580) announces an Equity Buyback for KRW 2,000 million worth of its shares. WebCash Corporation (KOSDAQ:A053580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its common stock, pursuant to a contract with Shinhan Securities Co., LTD. The purpose of the program is to stabilizing the stock prices and enhance the shareholders' value. The program will end on January 12, 2024. As of July 11, 2023, the company had 182,346 shares in treasury within the scope available for dividend and 65,503 shares in treasury through other repurchase. Upcoming Dividend • Dec 21
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩125 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.0%). Annonce • Jun 17
WebCash Corporation announced that it expects to receive KRW 14.431898943 billion in funding from KT Corporation WebCash Corporation (KOSDAQ:A053580) announced a private placement of 416,493 common shares at an issue price of KRW 34,651 per share for gross proceeds of KRW 14,431,898,943 on June 16, 2021. The transaction will include participation from KT Corporation (KOSE:A030200). The shares have a face value of KRW 500 per share. The company will issue securities using third party allocation method. The transaction was approved by the board of directors of the company. The securities to be issued pursuant to the transaction are subject to a hold period of one year. The transaction is expected to close on July 2, 2021. Is New 90 Day High Low • Mar 09
New 90-day low: ₩65,600 The company is down 7.0% from its price of ₩70,900 on 09 December 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: ₩80,900 The company is up 12% from its price of ₩72,100 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 19% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩200 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 29th of December. This is the first dividend for WebCash since going public. The average dividend yield among industry peers is 0.8%. Is New 90 Day High Low • Nov 04
New 90-day high: ₩79,000 The company is up 33% from its price of ₩59,600 on 06 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩41,589 per share.