View Future GrowthHS Ad 過去の業績過去 基準チェック /26HS Adは、平均年間1%の収益成長を遂げていますが、 Media業界の収益は、年間 成長しています。収益は、平均年間2.1% 3.6%収益成長率で 成長しています。 HS Adの自己資本利益率は7.7%であり、純利益率は3.2%です。主要情報1.00%収益成長率1.00%EPS成長率Media 業界の成長6.23%収益成長率3.62%株主資本利益率7.70%ネット・マージン3.19%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Mar 17Full year 2025 earnings released: EPS: ₩1,072 (vs ₩1,400 in FY 2024)Full year 2025 results: EPS: ₩1,072 (down from ₩1,400 in FY 2024). Revenue: ₩483.9b (down 13% from FY 2024). Net income: ₩17.4b (down 23% from FY 2024). Profit margin: 3.6% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 18HS Ad's (KRX:035000) Promising Earnings May Rest On Soft FoundationsHS Ad Inc.'s ( KRX:035000 ) robust earnings report didn't manage to move the market for its stock. Our analysis...Reported Earnings • Mar 14Full year 2024 earnings released: EPS: ₩1,400 (vs ₩1,000 in FY 2023)Full year 2024 results: EPS: ₩1,400 (up from ₩1,000 in FY 2023). Revenue: ₩554.7b (up 1.2% from FY 2023). Net income: ₩22.7b (up 40% from FY 2023). Profit margin: 4.1% (up from 3.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.分析記事 • Mar 21HS Ad's (KRX:035000) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with HS Ad Inc.'s ( KRX:035000 ) lackluster earnings report last week. We think that...Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩1,000 (vs ₩1,119 in FY 2022)Full year 2023 results: EPS: ₩1,000 (down from ₩1,119 in FY 2022). Revenue: ₩548.3b (up 3.4% from FY 2022). Net income: ₩16.2b (down 11% from FY 2022). Profit margin: 3.0% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩1,077 (vs ₩1,067 in FY 2021)Full year 2022 results: EPS: ₩1,077 (up from ₩1,067 in FY 2021). Revenue: ₩530.4b (up 16% from FY 2021). Net income: ₩17.5b (flat on FY 2021). Profit margin: 3.3% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩7,250, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 46% over the past three years.Buy Or Sell Opportunity • May 14Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ₩7,690. The fair value is estimated to be ₩10,301, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years, while earnings per share has been flat.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: ₩1,072 (vs ₩1,400 in FY 2024)Full year 2025 results: EPS: ₩1,072 (down from ₩1,400 in FY 2024). Revenue: ₩483.9b (down 13% from FY 2024). Net income: ₩17.4b (down 23% from FY 2024). Profit margin: 3.6% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 14HS Ad Inc., Annual General Meeting, Mar 20, 2026HS Ad Inc., Annual General Meeting, Mar 20, 2026, at 10:00 Tokyo Standard Time. Location: grand ballroom, 58, mapo-daero, mapo-gu, seoul South KoreaNew Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩141.8b (US$100.0m) 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Market cap is less than US$100m (₩141.8b market cap, or US$100.0m).Upcoming Dividend • Aug 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (5.2%).Buy Or Sell Opportunity • Aug 19Now 21% undervaluedOver the last 90 days, the stock has risen 22% to ₩8,620. The fair value is estimated to be ₩10,942, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 5.7%.分析記事 • Mar 18HS Ad's (KRX:035000) Promising Earnings May Rest On Soft FoundationsHS Ad Inc.'s ( KRX:035000 ) robust earnings report didn't manage to move the market for its stock. Our analysis...Reported Earnings • Mar 14Full year 2024 earnings released: EPS: ₩1,400 (vs ₩1,000 in FY 2023)Full year 2024 results: EPS: ₩1,400 (up from ₩1,000 in FY 2023). Revenue: ₩554.7b (up 1.2% from FY 2023). Net income: ₩22.7b (up 40% from FY 2023). Profit margin: 4.1% (up from 3.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.お知らせ • Feb 19HS Ad Inc., Annual General Meeting, Mar 19, 2025HS Ad Inc., Annual General Meeting, Mar 19, 2025, at 10:00 Tokyo Standard Time. Location: grand ballroom, 58, mapo-daero, mapo-gu, seoul South KoreaNew Risk • Feb 11New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 107% Dividend yield: 8.0% 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 (107% cash payout ratio). Market cap is less than US$100m (₩111.8b market cap, or US$77.1m).Buy Or Sell Opportunity • Apr 15Now 20% undervaluedOver the last 90 days, the stock has risen 3.0% to ₩6,200. The fair value is estimated to be ₩7,780, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 8.8%.分析記事 • Mar 21HS Ad's (KRX:035000) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with HS Ad Inc.'s ( KRX:035000 ) lackluster earnings report last week. We think that...Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩1,000 (vs ₩1,119 in FY 2022)Full year 2023 results: EPS: ₩1,000 (down from ₩1,119 in FY 2022). Revenue: ₩548.3b (up 3.4% from FY 2022). Net income: ₩16.2b (down 11% from FY 2022). Profit margin: 3.0% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.Buy Or Sell Opportunity • Mar 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to ₩6,250. The fair value is estimated to be ₩7,823, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 4.9%.Upcoming Dividend • Dec 20Upcoming dividend of ₩400 per share at 6.2% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (4.2%).Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩1,077 (vs ₩1,067 in FY 2021)Full year 2022 results: EPS: ₩1,077 (up from ₩1,067 in FY 2021). Revenue: ₩530.4b (up 16% from FY 2021). Net income: ₩17.5b (flat on FY 2021). Profit margin: 3.3% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of ₩350 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 38% and the cash payout ratio is 93%. Trailing yield: 5.7%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (3.4%).Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Kyung Kang Pyung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.1%. The fair value is estimated to be ₩7,574, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has grown by 15%.Buying Opportunity • Jun 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be ₩7,194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has grown by 15%.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Kyung Kang Pyung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩6,460, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 15x in the Media industry in South Korea. Total loss to shareholders of 10% over the past three years.Upcoming Dividend • Dec 22Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.3%).Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS ₩243 (vs ₩33.00 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩107.7b (up 41% from 2Q 2020). Net income: ₩3.94b (up ₩3.41b from 2Q 2020). Profit margin: 3.7% (up from 0.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.分析記事 • May 02Investors Will Want GIIR's (KRX:035000) Growth In ROCE To PersistTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...分析記事 • Apr 11Investors In GIIR Inc. (KRX:035000) Should Consider This, FirstCould GIIR Inc. ( KRX:035000 ) be an attractive dividend share to own for the long haul? Investors are often drawn to...Reported Earnings • Mar 17Full year 2020 earnings released: EPS ₩558 (vs ₩941 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩375.6b (down 31% from FY 2019). Net income: ₩9.04b (down 41% from FY 2019). Profit margin: 2.4% (down from 2.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.分析記事 • Mar 09GIIR (KRX:035000) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Feb 27GIIR Inc., Annual General Meeting, Mar 19, 2021GIIR Inc., Annual General Meeting, Mar 19, 2021, at 10:00 Korea Standard Time.Is New 90 Day High Low • Feb 26New 90-day low: ₩5,320The company is down 9.0% from its price of ₩5,870 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period.分析記事 • Feb 16GIIR's (KRX:035000) Stock Price Has Reduced 35% In The Past Three YearsAs an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain...分析記事 • Jan 29Is There More Growth In Store For GIIR's (KRX:035000) Returns On Capital?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Is New 90 Day High Low • Jan 21New 90-day high: ₩6,050The company is up 16% from its price of ₩5,200 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 10.0% over the same period.分析記事 • Jan 11GIIR Inc.'s (KRX:035000) 5.4% Dividend Yield Looks Pretty InterestingIs GIIR Inc. ( KRX:035000 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...Is New 90 Day High Low • Dec 28New 90-day high: ₩6,040The company is up 20% from its price of ₩5,050 on 29 September 2020. The South Korean market is also up 20% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Media industry, which is up 7.0% over the same period.分析記事 • Dec 24Is It Smart To Buy GIIR Inc. (KRX:035000) Before It Goes Ex-Dividend?It looks like GIIR Inc. ( KRX:035000 ) is about to go ex-dividend in the next three days. If you purchase the stock on...分析記事 • Dec 16GIIR (KRX:035000) Is Growing Earnings But Are They A Good Guide?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...分析記事 • Nov 28These 4 Measures Indicate That GIIR (KRX:035000) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is New 90 Day High Low • Nov 18New 90-day high: ₩5,390The company is up 12% from its price of ₩4,795 on 20 August 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 Media industry, which is up 10.0% over the same period.Is New 90 Day High Low • Oct 29New 90-day high: ₩5,340The company is up 7.0% from its price of ₩4,985 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 6.0% over the same period.収支内訳HS Ad の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史KOSE:A035000 収益、費用、利益 ( )KRW Millions日付収益収益G+A経費研究開発費31 Mar 26475,20315,153188,4013,55231 Dec 25483,85117,381188,5943,58630 Sep 25499,14512,882195,6573,88330 Jun 25523,41314,976198,5814,03431 Mar 25549,19722,400198,1824,06731 Dec 24554,73022,691195,7174,09830 Sep 24517,60916,168188,1383,51330 Jun 24517,60016,315184,6453,63931 Mar 24545,03413,449182,3363,71931 Dec 23548,33416,204177,4563,68130 Sep 23586,96519,352175,0563,82830 Jun 23583,32816,295172,0333,65531 Mar 23532,73214,872166,8873,56431 Dec 22530,44818,132163,3213,59130 Sep 22482,38914,898159,0464,23330 Jun 22474,88017,321154,2844,24031 Mar 22480,93618,743150,4444,10631 Dec 21458,49817,301147,7604,23430 Sep 21445,29521,002133,5303,47730 Jun 21405,04314,434133,0763,62031 Mar 21373,50611,025130,3643,34731 Dec 20375,6179,040127,3183,07630 Sep 20447,10619,741130,1894,03530 Jun 20457,42316,771130,1033,90731 Mar 20543,13016,291131,7624,24631 Dec 19542,08715,258133,1534,24030 Sep 19508,8426,988140,9194,19830 Jun 19550,18412,602141,1624,38531 Mar 19535,44912,201140,7414,67631 Dec 18538,20715,280138,8284,94030 Sep 18486,76511,064138,2085,22230 Jun 18510,84113,278135,6345,47131 Mar 18488,24814,152132,8685,31831 Dec 17501,30111,672128,9994,95130 Sep 17482,82311,799125,3084,74630 Jun 17436,5179,529121,3004,74031 Mar 17402,71813,652117,8074,56831 Dec 16407,95914,944115,7974,68830 Sep 16456,41411,892114,1514,28030 Jun 16479,71113,799112,8114,29431 Mar 16491,33413,566111,3034,44131 Dec 15479,29111,602112,3474,18930 Sep 15425,02011,451106,6694,414質の高い収益: A035000は 高品質の収益 を持っています。利益率の向上: A035000の現在の純利益率 (3.2%)は、昨年(4.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: A035000の収益は過去 5 年間で年間1%増加しました。成長の加速: A035000は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: A035000は過去 1 年間で収益成長率がマイナス ( -32.4% ) となったため、 Media業界平均 ( 7.6% ) と比較することが困難です。株主資本利益率高いROE: A035000の 自己資本利益率 ( 7.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMedia 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/12 20:15終値2026/08/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋HS Ad Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Hong-Sik JeongLS Securities Co., Ltd.Jin ParkNH Investment & Securities Co., Ltd.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: ₩1,072 (vs ₩1,400 in FY 2024)Full year 2025 results: EPS: ₩1,072 (down from ₩1,400 in FY 2024). Revenue: ₩483.9b (down 13% from FY 2024). Net income: ₩17.4b (down 23% from FY 2024). Profit margin: 3.6% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 18HS Ad's (KRX:035000) Promising Earnings May Rest On Soft FoundationsHS Ad Inc.'s ( KRX:035000 ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: ₩1,400 (vs ₩1,000 in FY 2023)Full year 2024 results: EPS: ₩1,400 (up from ₩1,000 in FY 2023). Revenue: ₩554.7b (up 1.2% from FY 2023). Net income: ₩22.7b (up 40% from FY 2023). Profit margin: 4.1% (up from 3.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.
分析記事 • Mar 21HS Ad's (KRX:035000) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with HS Ad Inc.'s ( KRX:035000 ) lackluster earnings report last week. We think that...
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩1,000 (vs ₩1,119 in FY 2022)Full year 2023 results: EPS: ₩1,000 (down from ₩1,119 in FY 2022). Revenue: ₩548.3b (up 3.4% from FY 2022). Net income: ₩16.2b (down 11% from FY 2022). Profit margin: 3.0% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩1,077 (vs ₩1,067 in FY 2021)Full year 2022 results: EPS: ₩1,077 (up from ₩1,067 in FY 2021). Revenue: ₩530.4b (up 16% from FY 2021). Net income: ₩17.5b (flat on FY 2021). Profit margin: 3.3% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₩7,250, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 46% over the past three years.
Buy Or Sell Opportunity • May 14Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to ₩7,690. The fair value is estimated to be ₩10,301, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years, while earnings per share has been flat.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: ₩1,072 (vs ₩1,400 in FY 2024)Full year 2025 results: EPS: ₩1,072 (down from ₩1,400 in FY 2024). Revenue: ₩483.9b (down 13% from FY 2024). Net income: ₩17.4b (down 23% from FY 2024). Profit margin: 3.6% (down from 4.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 14HS Ad Inc., Annual General Meeting, Mar 20, 2026HS Ad Inc., Annual General Meeting, Mar 20, 2026, at 10:00 Tokyo Standard Time. Location: grand ballroom, 58, mapo-daero, mapo-gu, seoul South Korea
New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₩141.8b (US$100.0m) 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Market cap is less than US$100m (₩141.8b market cap, or US$100.0m).
Upcoming Dividend • Aug 20Upcoming dividend of ₩100.00 per shareEligible shareholders must have bought the stock before 27 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (5.2%).
Buy Or Sell Opportunity • Aug 19Now 21% undervaluedOver the last 90 days, the stock has risen 22% to ₩8,620. The fair value is estimated to be ₩10,942, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 5.7%.
分析記事 • Mar 18HS Ad's (KRX:035000) Promising Earnings May Rest On Soft FoundationsHS Ad Inc.'s ( KRX:035000 ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Reported Earnings • Mar 14Full year 2024 earnings released: EPS: ₩1,400 (vs ₩1,000 in FY 2023)Full year 2024 results: EPS: ₩1,400 (up from ₩1,000 in FY 2023). Revenue: ₩554.7b (up 1.2% from FY 2023). Net income: ₩22.7b (up 40% from FY 2023). Profit margin: 4.1% (up from 3.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year.
お知らせ • Feb 19HS Ad Inc., Annual General Meeting, Mar 19, 2025HS Ad Inc., Annual General Meeting, Mar 19, 2025, at 10:00 Tokyo Standard Time. Location: grand ballroom, 58, mapo-daero, mapo-gu, seoul South Korea
New Risk • Feb 11New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 107% Dividend yield: 8.0% 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 (107% cash payout ratio). Market cap is less than US$100m (₩111.8b market cap, or US$77.1m).
Buy Or Sell Opportunity • Apr 15Now 20% undervaluedOver the last 90 days, the stock has risen 3.0% to ₩6,200. The fair value is estimated to be ₩7,780, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 8.8%.
分析記事 • Mar 21HS Ad's (KRX:035000) Conservative Accounting Might Explain Soft EarningsShareholders appeared unconcerned with HS Ad Inc.'s ( KRX:035000 ) lackluster earnings report last week. We think that...
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: ₩1,000 (vs ₩1,119 in FY 2022)Full year 2023 results: EPS: ₩1,000 (down from ₩1,119 in FY 2022). Revenue: ₩548.3b (up 3.4% from FY 2022). Net income: ₩16.2b (down 11% from FY 2022). Profit margin: 3.0% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year.
Buy Or Sell Opportunity • Mar 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to ₩6,250. The fair value is estimated to be ₩7,823, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 4.9%.
Upcoming Dividend • Dec 20Upcoming dividend of ₩400 per share at 6.2% yieldEligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (4.2%).
Reported Earnings • Mar 22Full year 2022 earnings released: EPS: ₩1,077 (vs ₩1,067 in FY 2021)Full year 2022 results: EPS: ₩1,077 (up from ₩1,067 in FY 2021). Revenue: ₩530.4b (up 16% from FY 2021). Net income: ₩17.5b (flat on FY 2021). Profit margin: 3.3% (down from 3.8% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of ₩350 per shareEligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 38% and the cash payout ratio is 93%. Trailing yield: 5.7%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (3.4%).
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Kyung Kang Pyung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Aug 08Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.1%. The fair value is estimated to be ₩7,574, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has grown by 15%.
Buying Opportunity • Jun 20Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be ₩7,194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has grown by 15%.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Kyung Kang Pyung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₩6,460, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 15x in the Media industry in South Korea. Total loss to shareholders of 10% over the past three years.
Upcoming Dividend • Dec 22Upcoming dividend of ₩300 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (2.3%).
Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS ₩243 (vs ₩33.00 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩107.7b (up 41% from 2Q 2020). Net income: ₩3.94b (up ₩3.41b from 2Q 2020). Profit margin: 3.7% (up from 0.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
分析記事 • May 02Investors Will Want GIIR's (KRX:035000) Growth In ROCE To PersistTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
分析記事 • Apr 11Investors In GIIR Inc. (KRX:035000) Should Consider This, FirstCould GIIR Inc. ( KRX:035000 ) be an attractive dividend share to own for the long haul? Investors are often drawn to...
Reported Earnings • Mar 17Full year 2020 earnings released: EPS ₩558 (vs ₩941 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₩375.6b (down 31% from FY 2019). Net income: ₩9.04b (down 41% from FY 2019). Profit margin: 2.4% (down from 2.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
分析記事 • Mar 09GIIR (KRX:035000) Seems To Use Debt Quite SensiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Feb 27GIIR Inc., Annual General Meeting, Mar 19, 2021GIIR Inc., Annual General Meeting, Mar 19, 2021, at 10:00 Korea Standard Time.
Is New 90 Day High Low • Feb 26New 90-day low: ₩5,320The company is down 9.0% from its price of ₩5,870 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period.
分析記事 • Feb 16GIIR's (KRX:035000) Stock Price Has Reduced 35% In The Past Three YearsAs an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain...
分析記事 • Jan 29Is There More Growth In Store For GIIR's (KRX:035000) Returns On Capital?Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Is New 90 Day High Low • Jan 21New 90-day high: ₩6,050The company is up 16% from its price of ₩5,200 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 10.0% over the same period.
分析記事 • Jan 11GIIR Inc.'s (KRX:035000) 5.4% Dividend Yield Looks Pretty InterestingIs GIIR Inc. ( KRX:035000 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...
Is New 90 Day High Low • Dec 28New 90-day high: ₩6,040The company is up 20% from its price of ₩5,050 on 29 September 2020. The South Korean market is also up 20% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Media industry, which is up 7.0% over the same period.
分析記事 • Dec 24Is It Smart To Buy GIIR Inc. (KRX:035000) Before It Goes Ex-Dividend?It looks like GIIR Inc. ( KRX:035000 ) is about to go ex-dividend in the next three days. If you purchase the stock on...
分析記事 • Dec 16GIIR (KRX:035000) Is Growing Earnings But Are They A Good Guide?It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
分析記事 • Nov 28These 4 Measures Indicate That GIIR (KRX:035000) Is Using Debt Reasonably WellThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Is New 90 Day High Low • Nov 18New 90-day high: ₩5,390The company is up 12% from its price of ₩4,795 on 20 August 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 Media industry, which is up 10.0% over the same period.
Is New 90 Day High Low • Oct 29New 90-day high: ₩5,340The company is up 7.0% from its price of ₩4,985 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 6.0% over the same period.