Annonce • Mar 11
DigiCAP Co., Ltd., Annual General Meeting, Mar 24, 2026 DigiCAP Co., Ltd., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, 11, magokjungang 8-ro 7-gil, gangseo-gu, seoul South Korea New Risk • Nov 15
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2024. 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 September 2024 fiscal period end). Minor Risk Market cap is less than US$100m (₩23.6b market cap, or US$16.2m). Annonce • Mar 08
DigiCAP Co., Ltd., Annual General Meeting, Mar 25, 2025 DigiCAP Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 11, magokjungang 8-ro 7-gil, gangseo-gu, seoul South Korea New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩30.3b market cap, or US$20.8m). New Risk • Aug 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 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 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (₩47.6b market cap, or US$35.7m). Annonce • May 30
DigiCAP Co., Ltd. (KOSDAQ:A197140) agreed to acquire 62.72% stake in iCentric Co., Ltd from Kim MinyYong and Kim Jaemin for KRW 10.3 billion. DigiCAP Co., Ltd. (KOSDAQ:A197140) agreed to acquire 62.72% stake in iCentric Co., Ltd from Kim MinyYong and Kim Jaemin for KRW 10.3 billion on May 29, 2024. The transaction will be financed from the reserved funds. iCentric reported net income of KRW 2.2 billion, sales of KRW 44.7 billion, total common equity of KRW 2.2 billion total debt of KRW 12.5 billion and total assets of KRW 14.7 billion for the current year. The transaction is expected to close on June 25, 2024. Annonce • Apr 12
Shin Yong Tae, Han Seung Woo and Kim Won completed the acquisition of 80% stake in Dasan Electron Co., Ltd. from DigiCAP Co., Ltd. (KOSDAQ:A197140). Shin Yong Tae, Han Seung Woo and Kim Won agreed to acquire 80% stake in Dasan Electron Co., Ltd. from DigiCAP Co., Ltd. (KOSDAQ:A197140) for KRW 7.9 billion on April 8, 2024. The transaction is expected to close on April 8, 2024.Shin Yong Tae, Han Seung Woo and Kim Won completed the acquisition of 80% stake in Dasan Electron Co., Ltd. from DigiCAP Co., Ltd. (KOSDAQ:A197140) on April 11, 2024. Annonce • Apr 09
Shin Yong Tae, Han Seung Woo and Kim Won agreed to acquire 80% stake in Dasan Electron Co., Ltd. from DigiCAP Co., Ltd. (KOSDAQ:A197140) for KRW7.9 billion. Shin Yong Tae, Han Seung Woo and Kim Won agreed to acquire 80% stake in Dasan Electron Co., Ltd. from DigiCAP Co., Ltd. (KOSDAQ:A197140) for KRW7.9 billion on April 8, 2024. The transaction is expected to close on April 8, 2024. Annonce • Mar 12
DigiCAP Co., Ltd. announced that it expects to receive KRW 13.9999974 billion in funding from Korea Rental Corporation DigiCAP Co., Ltd. announced a private placement to issue up to 3,416,300 common shares at an issue price of KRW 4,098 per share for the gross proceeds of KRW 13,999,997,400 on March 11, 2024. The transaction will include participation from new investor, Korea Rental Corporation. The company will issue shares through third-party allotment. The transaction is expected to close on March 28, 2024. The transaction has been approved by the board of directors of the company. Upcoming Dividend • Dec 20
Upcoming dividend of ₩30.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.6%). New Risk • Nov 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩54.1b market cap, or US$41.8m). Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩5,680, the stock trades at a trailing P/E ratio of 63.5x. Average trailing P/E is 17x in the Software industry in South Korea. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩5,630, the stock trades at a trailing P/E ratio of 62.9x. Average trailing P/E is 18x in the Software industry in South Korea. Total returns to shareholders of 33% over the past three years. New Risk • Oct 05
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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩46.4b market cap, or US$34.3m). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩5,320, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 19x in the Software industry in South Korea. Total returns to shareholders of 32% over the past three years. New Risk • Aug 24
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 8.7% 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 9.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₩42.3b market cap, or US$32.1m). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩4,575, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 8.6% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩4,830, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 18x in the Software industry in South Korea. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,550, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 22x in the Software industry in South Korea. Total returns to shareholders of 46% over the past three years. Buying Opportunity • Jun 23
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be ₩5,997, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last year. Meanwhile, the company became loss making. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 17% share price gain to ₩4,555, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 23x in the Software industry in South Korea. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,955, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 22x in the Software industry in South Korea. Total returns to shareholders of 7.4% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorated over the past week After last week's 32% share price decline to ₩6,800, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 29x in the Software industry in South Korea. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 17% share price gain to ₩7,070, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 24x in the Software industry in South Korea. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 32% share price gain to ₩7,150, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 21x in the Software industry in South Korea. Total returns to shareholders of 83% over the past three years. Is New 90 Day High Low • Mar 12
New 90-day high: ₩5,750 The company is up 25% from its price of ₩4,590 on 11 December 2020. The South Korean market is up 7.0% 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. Is New 90 Day High Low • Dec 08
New 90-day high: ₩5,620 The company is up 12% from its price of ₩5,030 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 1.0% over the same period.