Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: ₩1,701 (vs ₩1,615 in FY 2024) Full year 2025 results: EPS: ₩1,701. Revenue: ₩98.6b (up 2.2% from FY 2024). Net income: ₩18.5b (down 6.6% from FY 2024). Profit margin: 19% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Annonce • Feb 24
WINS Technet Co., Ltd., Annual General Meeting, Mar 20, 2026 WINS Technet Co., Ltd., Annual General Meeting, Mar 20, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 17, pangyo-ro 228beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Annonce • Jan 21
WINS Technet Co., Ltd. (KOSDAQ:A136540) announces an Equity Buyback for KRW 3,000 million worth of its shares. WINS Technet Co., Ltd. (KOSDAQ:A136540) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its own shares, pursuant to the trust contract with Korea Investment & Securities Co.,Ltd. The purpose of the share repurchase program is Stock price stability. The share repurchase program will continue until January 21, 2027. As of January 20, 2026, the company had 1,586,328 shares in treasury within scope available for dividend and had 1,397 shares in treasury through other repurchase. Buy Or Sell Opportunity • Dec 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to ₩11,710. The fair value is estimated to be ₩15,116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Upcoming Dividend • Dec 22
Upcoming dividend of ₩800 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 14 April 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Dec 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to ₩12,050. The fair value is estimated to be ₩15,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. Declared Dividend • Nov 08
Dividend of ₩800 announced Dividend of ₩800 is the same as last year. Ex-date: 29th December 2025 Payment date: 14th April 2026 Dividend yield will be 6.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 16% per year over the past 6 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Annonce • Nov 07
WINS Technet Co., Ltd. announces Annual dividend, payable on April 14, 2026 WINS Technet Co., Ltd. announced Annual dividend of KRW 800.0000 per share payable on April 14, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued Over the last 90 days, the stock has risen 5.0% to ₩12,250. The fair value is estimated to be ₩15,415, 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 3 years. Earnings per share has declined by 3.0%. Annonce • Jun 26
WINS Technet Co., Ltd. (KOSDAQ:A136540) announces an Equity Buyback for KRW 2,000 million worth of its shares. WINS Technet Co., Ltd. (KOSDAQ:A136540) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its own shares, pursuant to the trust contract with Korea Investment & Securities Co.,Ltd. The purpose of the share repurchase program is Increase shareholder value and Stock price stability. The share repurchase program will continue until June 26, 2026. As of June 25, 2026, the company had 1,419,977 shares in treasury within scope available for dividend and had 1,397 shares in treasury through other repurchase. Buy Or Sell Opportunity • Jun 26
Now 22% undervalued Over the last 90 days, the stock has risen 13% to ₩12,310. The fair value is estimated to be ₩15,756, 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 3 years. Earnings per share has declined by 3.0%. New Risk • Mar 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 98% Dividend yield: 7.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Dividend is not well covered by cash flows (98% cash payout ratio). Market cap is less than US$100m (₩119.8b market cap, or US$81.4m). Annonce • Feb 28
WINS Co., Ltd, Annual General Meeting, Mar 28, 2025 WINS Co., Ltd, Annual General Meeting, Mar 28, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 15, pangyo-ro 228beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Jan 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.7b (US$92.0m) 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 07 April 2025. Payout ratio is a comfortable 30% 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%). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩15,120, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 11% over the past three years. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: ₩1,681 (vs ₩1,537 in FY 2022) Full year 2023 results: EPS: ₩1,681 (up from ₩1,537 in FY 2022). Revenue: ₩106.9b (up 5.4% from FY 2022). Net income: ₩21.1b (up 9.5% from FY 2022). Profit margin: 20% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Mar 18
WINS Co., Ltd (KOSDAQ:A136540) announces an Equity Buyback for KRW 2,000 million worth of its shares. WINS Co., Ltd (KOSDAQ:A136540) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its own shares, pursuant to the trust contract with Korea Investment & Securities Co.,Ltd. The purpose of the share repurchase program is to stabilize the share price and increase shareholder value. The share repurchase program will continue until March 18, 2025. As of March 17, 2024, the company had 1,472,860 shares in treasury within scope available for dividend and had 1,397 shares in treasury through other repurchase. Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share at 4.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 03 April 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.2%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 April 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ₩349 (vs ₩268 in 2Q 2021) Second quarter 2022 results: EPS: ₩349 (up from ₩268 in 2Q 2021). Revenue: ₩23.0b (up 23% from 2Q 2021). Net income: ₩4.38b (up 48% from 2Q 2021). Profit margin: 19% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩13,250, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 15x in the IT industry in South Korea. Total loss to shareholders of 7.0% over the past three years. Annonce • Jun 29
WINS Co., Ltd (KOSDAQ:A136540) announces an Equity Buyback for KRW 2,000 million worth of its shares. WINS Co., Ltd (KOSDAQ:A136540) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and to enhance the value of the shareholders. The program will expire on June 26, 2023. As of June 26, 2022, the company had 1,320,063 shares in treasury within the scope of allotment and had 0 shares in treasury under other acquisition. Buying Opportunity • Jun 13
Now 21% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be ₩21,096, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 7.8%. Upcoming Dividend • Dec 22
Upcoming dividend of ₩400 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.5%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩1,663 (vs ₩1,323 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩93.9b (up 14% from FY 2019). Net income: ₩18.2b (up 25% from FY 2019). Profit margin: 19% (up from 18% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 02
New 90-day low: ₩16,300 The company is down 6.0% from its price of ₩17,400 on 02 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. Annonce • Feb 20
WINS Co., Ltd, Annual General Meeting, Mar 19, 2021 WINS Co., Ltd, Annual General Meeting, Mar 19, 2021, at 11:00 Korea Standard Time. Price Target Changed • Dec 12
Price target raised to ₩20,500 Up from ₩17,000, the current price target is an average from 2 analysts. The new target price is 22% above the current share price of ₩16,750. As of last close, the stock is up 30% over the past year.