New Risk • Apr 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 3.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩75.6b market cap, or US$50.0m). Annonce • Mar 17
UBIVELOX Inc, Annual General Meeting, Mar 31, 2026 UBIVELOX Inc, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: seminar room, guro-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,740, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 25% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩169 (vs ₩244 in 3Q 2024) Third quarter 2025 results: EPS: ₩169 (down from ₩244 in 3Q 2024). Revenue: ₩163.2b (up 1.1% from 3Q 2024). Net income: ₩2.23b (down 31% from 3Q 2024). Profit margin: 1.4% (down from 2.0% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₩88.0b market cap, or US$63.1m). New Risk • Jun 09
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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks 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 (₩104.9b market cap, or US$77.5m). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩7,210, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 16x in the Software industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Apr 28
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 Paying a dividend despite having no free cash flows. 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 (2.3% net profit margin). Market cap is less than US$100m (₩135.6b market cap, or US$94.0m). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩7,170, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 8.5% over the past three years. Annonce • Mar 14
UBIVELOX Inc, Annual General Meeting, Mar 28, 2025 UBIVELOX Inc, Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: seminar room, guro-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩140 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 April 2025. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.6%). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩244 (vs ₩573 in 3Q 2023) Third quarter 2024 results: EPS: ₩244 (down from ₩573 in 3Q 2023). Revenue: ₩161.5b (up 19% from 3Q 2023). Net income: ₩3.23b (down 57% from 3Q 2023). Profit margin: 2.0% (down from 5.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩6,890, the stock trades at a trailing P/E ratio of 5.1x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩11,580, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Software industry in South Korea. Total returns to shareholders of 92% over the past three years. New Risk • Mar 29
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.5% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Short dividend paying track record (less than a year of continuous dividend payments). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Mar 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₩2,840 (up from ₩410 in FY 2022). Revenue: ₩543.6b (up 21% from FY 2022). Net income: ₩18.8b (up ₩16.1b from FY 2022). Profit margin: 3.4% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩1,145 (vs ₩339 in 3Q 2022) Third quarter 2023 results: EPS: ₩1,145 (up from ₩339 in 3Q 2022). Revenue: ₩135.3b (up 18% from 3Q 2022). Net income: ₩7.57b (up 246% from 3Q 2022). Profit margin: 5.6% (up from 1.9% in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. New Risk • Oct 05
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 8.8% 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 (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Market cap is less than US$100m (₩119.3b market cap, or US$88.1m). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩16,300, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Software industry in South Korea. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩14,830, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 17x in the Software industry in South Korea. Total returns to shareholders of 68% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 27% share price gain to ₩20,550, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Software industry in South Korea. Total returns to shareholders of 319% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₩15,800, the stock trades at a trailing P/E ratio of 9.2x. Average forward P/E is 22x in the Software industry in South Korea. Total returns to shareholders of 198% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₩1,234 (vs ₩322 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩80.7b (up 9.0% from 3Q 2020). Net income: ₩7.97b (up 280% from 3Q 2020). Profit margin: 9.9% (up from 2.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 23% share price gain to ₩16,400, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 22x in the Software industry in South Korea. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₩13,250, the stock is trading at a trailing P/E ratio of 11.3x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 24x in the Software industry in South Korea. Total returns to shareholders over the past three years are 35%. Is New 90 Day High Low • Feb 17
New 90-day high: ₩13,250 The company is up 48% from its price of ₩8,980 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: ₩12,050 The company is up 56% from its price of ₩7,730 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 15% share price gain to ₩11,250, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.4x. This compares to an average P/E of 22x in the Software industry in South Korea. Total returns to shareholders over the past three years are 5.1%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 19% share price gain to ₩11,350, the stock is trading at a trailing P/E ratio of 9.7x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 23x in the Software industry in South Korea. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Jan 07
New 90-day high: ₩10,150 The company is up 7.0% from its price of ₩9,460 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: ₩9,500 The company is up 15% from its price of ₩8,250 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ₩322 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩74.0b (up 14% from 3Q 2019). Net income: ₩2.10b (up ₩3.72b from 3Q 2019). Profit margin: 2.8% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 05
New 90-day high: ₩9,280 The company is up 33% from its price of ₩6,980 on 07 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 14% over the same period.