Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,955, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 13x in the IT industry in South Korea. Total loss to shareholders of 43% over the past three years. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: ₩249 (vs ₩38.00 loss in FY 2024) Full year 2025 results: EPS: ₩249 (up from ₩38.00 loss in FY 2024). Revenue: ₩17.0b (up 30% from FY 2024). Net income: ₩2.80b (up ₩3.23b from FY 2024). Profit margin: 17% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩107 (vs ₩27.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩107 (up from ₩27.00 in 3Q 2024). Revenue: ₩3.93b (up 64% from 3Q 2024). Net income: ₩1.21b (up 302% from 3Q 2024). Profit margin: 31% (up from 13% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: ₩51.00 (vs ₩60.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩51.00 (down from ₩60.00 in 2Q 2024). Revenue: ₩3.45b (up 1.5% from 2Q 2024). Net income: ₩576.6m (down 15% from 2Q 2024). Profit margin: 17% (down from 20% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 14
Now 24% overvalued Over the last 90 days, the stock has fallen 9.9% to ₩5,460. The fair value is estimated to be ₩4,411, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 24
Now 23% overvalued Over the last 90 days, the stock has fallen 2.0% to ₩5,420. The fair value is estimated to be ₩4,414, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 14
Full year 2024 earnings released: ₩38.00 loss per share (vs ₩111 profit in FY 2023) Full year 2024 results: ₩38.00 loss per share (down from ₩111 profit in FY 2023). Revenue: ₩13.1b (down 7.7% from FY 2023). Net loss: ₩426.5m (down 134% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annuncio • Mar 01
Linkgenesis Co., Ltd., Annual General Meeting, Mar 24, 2025 Linkgenesis Co., Ltd., Annual General Meeting, Mar 24, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 401, simin-daero, dongan-gu, gyeonggi-do, anyang South Korea Buy Or Sell Opportunity • Jan 22
Now 28% undervalued Over the last 90 days, the stock has risen 72% to ₩7,370. The fair value is estimated to be ₩10,170, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 43%. New Risk • Jan 16
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 14% 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 (14% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (₩91.6b market cap, or US$62.8m). New Risk • Dec 16
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 Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩67.3b market cap, or US$46.8m). New Risk • Nov 26
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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (₩67.4b market cap, or US$48.3m). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: ₩60.00 (vs ₩92.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩60.00 (down from ₩92.00 in 2Q 2023). Revenue: ₩3.40b (down 20% from 2Q 2023). Net income: ₩677.8m (down 34% from 2Q 2023). Profit margin: 20% (down from 24% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩4,510, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 16x in the IT industry in South Korea. Total loss to shareholders of 59% over the past three years. Buy Or Sell Opportunity • May 20
Now 23% undervalued Over the last 90 days, the stock has risen 4.4% to ₩7,770. The fair value is estimated to be ₩10,065, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 15%. New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₩90.7b market cap, or US$67.0m). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩8,720, the stock trades at a trailing P/E ratio of 78.2x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 9.8% over the past three years. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩111 (vs ₩172 in FY 2022) Full year 2023 results: EPS: ₩111 (down from ₩172 in FY 2022). Revenue: ₩14.2b (down 18% from FY 2022). Net income: ₩1.25b (down 35% from FY 2022). Profit margin: 8.8% (down from 11% in FY 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩6,240, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 20x in the IT industry in South Korea. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩6,890, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 24x in the IT industry in South Korea. Total loss to shareholders of 2.1% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,360, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 17x in the IT industry in South Korea. Total loss to shareholders of 22% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩172 (vs ₩394 in FY 2021) Full year 2022 results: EPS: ₩172 (down from ₩394 in FY 2021). Revenue: ₩17.3b (up 7.7% from FY 2021). Net income: ₩1.93b (down 53% from FY 2021). Profit margin: 11% (down from 26% in FY 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩5,300, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 16x in the IT industry in South Korea. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩6,030, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 15x in the IT industry in South Korea. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₩8,580, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₩10,150, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 25x in the IT industry in South Korea. Total returns to shareholders of 18% over the past three years. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS ₩55.00 (vs ₩59.00 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₩12.9b (up 13% from FY 2019). Net income: ₩722.2m (down 1.3% from FY 2019). Profit margin: 5.6% (down from 6.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 04
New 90-day high: ₩8,620 The company is up 23% from its price of ₩6,980 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₩8,220 The company is up 2.0% from its price of ₩8,050 on 14 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 18% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS ₩59.00 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩3.61b (up 78% from 3Q 2019). Net income: ₩582.5m (up ₩753.0m from 3Q 2019). Profit margin: 16% (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 fallen by 74% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.