View ValuationRaonsecure 将来の成長Future 基準チェック /36Raonsecure利益と収益がそれぞれ年間44%と10.2%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に14.1% 42.6%なると予測されています。主要情報44.0%収益成長率42.65%EPS成長率Software 収益成長31.8%収益成長率10.2%将来の株主資本利益率14.10%アナリストカバレッジLow最終更新日31 Mar 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • Apr 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 14% 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 (14% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 36%After last week's 36% share price gain to ₩11,860, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Software industry in South Korea. Total loss to shareholders of 5.3% over the past three years.New Risk • Apr 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% 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: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩91.1b market cap, or US$60.4m).お知らせ • Mar 13Raonsecure Co., Ltd., Annual General Meeting, Mar 30, 2026Raonsecure Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 114, taebong-ro, seocho-gu, seoul South KoreaValuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩7,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 41% over the past three years.分析記事 • Nov 27Raonsecure's (KOSDAQ:042510) Earnings Are Of Questionable QualityRaonsecure Co., Ltd. ( KOSDAQ:042510 ) announced strong profits, but the stock was stagnant. We did some digging, and...分析記事 • Jun 15Earnings Tell The Story For Raonsecure Co., Ltd. (KOSDAQ:042510) As Its Stock Soars 27%Raonsecure Co., Ltd. ( KOSDAQ:042510 ) shareholders would be excited to see that the share price has had a great month...Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩11,650, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 18% over the past three years.分析記事 • May 28Additional Considerations Required While Assessing Raonsecure's (KOSDAQ:042510) Strong EarningsDespite posting some strong earnings, the market for Raonsecure Co., Ltd.'s ( KOSDAQ:042510 ) stock hasn't moved much...お知らせ • Mar 18Raonsecure Co., Ltd., Annual General Meeting, Mar 31, 2025Raonsecure Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 27, gangnam-daero, seocho-gu, seoul South Korea分析記事 • Jan 06Is It Time To Consider Buying Raonsecure Co., Ltd. (KOSDAQ:042510)?Raonsecure Co., Ltd. ( KOSDAQ:042510 ), is not the largest company out there, but it saw a significant share price rise...分析記事 • Jan 06The Market Lifts Raonsecure Co., Ltd. (KOSDAQ:042510) Shares 29% But It Can Do MoreRaonsecure Co., Ltd. ( KOSDAQ:042510 ) shares have had a really impressive month, gaining 29% after a shaky period...Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩2,030, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Software industry in South Korea. Total loss to shareholders of 48% over the past three years.分析記事 • Nov 26We Think That There Are More Issues For Raonsecure (KOSDAQ:042510) Than Just Sluggish EarningsDespite Raonsecure Co., Ltd.'s ( KOSDAQ:042510 ) most recent earnings report having soft headline numbers, its stock...分析記事 • Sep 04Optimistic Investors Push Raonsecure Co., Ltd. (KOSDAQ:042510) Shares Up 27% But Growth Is LackingThose holding Raonsecure Co., Ltd. ( KOSDAQ:042510 ) shares would be relieved that the share price has rebounded 27% in...New Risk • Aug 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% 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 (9.5% average weekly change). Shareholders have been diluted in the past year (40% increase in shares outstanding). Market cap is less than US$100m (₩129.2b market cap, or US$96.9m).分析記事 • Aug 07At ₩1,858, Is It Time To Put Raonsecure Co., Ltd. (KOSDAQ:042510) On Your Watch List?Raonsecure Co., Ltd. ( KOSDAQ:042510 ), might not be a large cap stock, but it saw significant share price movement...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₩1,697, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 64% over the past three years.Buy Or Sell Opportunity • Jul 23Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩2,110. The fair value is estimated to be ₩2,722, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 795% in the next 2 years.New Risk • May 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding). Market cap is less than US$100m (₩130.0b market cap, or US$95.3m).Buy Or Sell Opportunity • Mar 26Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 5.6% to ₩2,620. The fair value is estimated to be ₩2,125, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable.分析記事 • Mar 23Raonsecure's (KOSDAQ:042510) Soft Earnings Are Actually Better Than They AppearSoft earnings didn't appear to concern Raonsecure Co., Ltd.'s ( KOSDAQ:042510 ) shareholders over the last week. Our...Reported Earnings • Mar 21Full year 2023 earnings released: EPS: ₩104 (vs ₩172 in FY 2022)Full year 2023 results: EPS: ₩104 (down from ₩172 in FY 2022). Revenue: ₩51.8b (up 11% from FY 2022). Net income: ₩4.16b (down 38% from FY 2022). Profit margin: 8.0% (down from 14% 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 112% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩2,940, the stock trades at a trailing P/E ratio of 24.4x. Average forward P/E is 6x in the Software industry in South Korea. Total loss to shareholders of 10% over the past three years.New Risk • Dec 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 45% This is considered a minor 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩2,695, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 30% over the past three years.お知らせ • Jul 06Raonsecure Co., Ltd. (KOSDAQ:A042510) agreed to acquire 50.18% stake in Raon WhiteHat Co., Ltd. from BTR Co., Ltd. and others.Raonsecure Co., Ltd. (KOSDAQ:A042510) agreed to acquire 50.18% stake in Raon WhiteHat Co., Ltd. from BTR Co., Ltd. and others on June 30, 2023. The transaction is expected to close on July 4, 2023.Reported Earnings • Mar 23Full year 2022 earnings released: EPS: ₩172 (vs ₩171 loss in FY 2021)Full year 2022 results: EPS: ₩172 (up from ₩171 loss in FY 2021). Revenue: ₩46.8b (up 8.0% from FY 2021). Net income: ₩6.67b (up ₩13.2b from FY 2021). Profit margin: 14% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 11New 90-day high: ₩3,930The company is up 4.0% from its price of ₩3,795 on 11 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period.分析記事 • Mar 04Will Raonsecure's (KOSDAQ:042510) Growth In ROCE Persist?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...お知らせ • Feb 18Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time.分析記事 • Jan 28The Raonsecure (KOSDAQ:042510) Share Price Has Gained 27% And Shareholders Are Hoping For MoreWe believe investing is smart because history shows that stock markets go higher in the long term. But if you choose...分析記事 • Dec 24Raonsecure (KOSDAQ:042510) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Nov 30New 90-day high: ₩3,820The company is up 6.0% from its price of ₩3,605 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period.分析記事 • Nov 19Will the Promising Trends At Raonsecure (KOSDAQ:042510) Continue?There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...業績と収益の成長予測KOSDAQ:A042510 - アナリストの将来予測と過去の財務データ ( )KRW Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202778,1009,3007,30010,400112/31/202670,0007,5006,3009,200112/31/202563,7513,3825,8226,719N/A9/30/202564,2504,2955,5786,333N/A6/30/202563,2043,4275,4376,336N/A3/31/202562,0463,9523,1353,987N/A12/31/202462,4934,018-485474N/A9/30/202461,3571,888-582605N/A6/30/202455,252-920-1,025138N/A3/31/202454,2171,1563,7746,265N/A12/31/202351,8414,1645,6417,996N/A9/30/202347,3556,7557,7129,823N/A6/30/202346,3997,4138,83610,788N/A3/31/202345,3777,0074,6575,063N/A12/31/202246,8236,6697,2247,672N/A9/30/202247,169-4684,8665,509N/A6/30/202247,7486755,3475,829N/A3/31/202246,441-4,1253,5595,228N/A12/31/202143,350-6,5622,2323,865N/A9/30/202143,593-7,5321,6393,472N/A6/30/202141,906-8,6271,1243,266N/A3/31/202139,210-10,8741,0092,565N/A12/31/202037,151-10,073-1,6021,259N/A9/30/202034,592-4,702-1,0471,927N/A6/30/202033,275-3,196-2,5091,575N/A3/31/202031,7411,129-6913,123N/A12/31/201930,4432,0915743,635N/A9/30/201926,8201,314N/A3,546N/A6/30/201925,9872,246N/A4,230N/A3/31/201924,6792,841N/A2,886N/A12/31/201824,6103,724N/A3,329N/A9/30/201820,6203,425N/A2,095N/A6/30/201820,4772,717N/A2,086N/A3/31/201820,9693,252N/A2,835N/A12/31/201721,2413,360N/A2,756N/A9/30/201718,7831,696N/A2,563N/A6/30/201718,2312,720N/A2,775N/A3/31/201717,7062,396N/A2,378N/A12/31/201616,7021,707N/A3,353N/A9/30/201616,0512,388N/A2,581N/A6/30/201614,8981,573N/A2,943N/A3/31/201613,4081,066N/A2,738N/A12/31/201512,450690N/A2,341N/A9/30/201511,499-760N/A1,062N/A6/30/201511,235-1,293N/A-45N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: A042510の予測収益成長率 (年間44% ) は 貯蓄率 ( 3.1% ) を上回っています。収益対市場: A042510の収益 ( 44% ) はKR市場 ( 30.4% ) よりも速いペースで成長すると予測されています。高成長収益: A042510の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: A042510の収益 ( 10.2% ) KR市場 ( 12.4% ) よりも低い成長が予測されています。高い収益成長: A042510の収益 ( 10.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: A042510の 自己資本利益率 は、3年後には低くなると予測されています ( 14.1 %)。成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance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2026/05/08 13:16終値2026/05/08 00:00収益2025/12/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Raonsecure Co., Ltd. 1 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Jongsun ParkEugene Investment & Securities Co Ltd.HeeYeon LimShinhan Investment Corp.
New Risk • Apr 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 14% 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 (14% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Apr 15Investor sentiment improves as stock rises 36%After last week's 36% share price gain to ₩11,860, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Software industry in South Korea. Total loss to shareholders of 5.3% over the past three years.
New Risk • Apr 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% 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: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩91.1b market cap, or US$60.4m).
お知らせ • Mar 13Raonsecure Co., Ltd., Annual General Meeting, Mar 30, 2026Raonsecure Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 114, taebong-ro, seocho-gu, seoul South Korea
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₩7,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 41% over the past three years.
分析記事 • Nov 27Raonsecure's (KOSDAQ:042510) Earnings Are Of Questionable QualityRaonsecure Co., Ltd. ( KOSDAQ:042510 ) announced strong profits, but the stock was stagnant. We did some digging, and...
分析記事 • Jun 15Earnings Tell The Story For Raonsecure Co., Ltd. (KOSDAQ:042510) As Its Stock Soars 27%Raonsecure Co., Ltd. ( KOSDAQ:042510 ) shareholders would be excited to see that the share price has had a great month...
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₩11,650, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 18% over the past three years.
分析記事 • May 28Additional Considerations Required While Assessing Raonsecure's (KOSDAQ:042510) Strong EarningsDespite posting some strong earnings, the market for Raonsecure Co., Ltd.'s ( KOSDAQ:042510 ) stock hasn't moved much...
お知らせ • Mar 18Raonsecure Co., Ltd., Annual General Meeting, Mar 31, 2025Raonsecure Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 27, gangnam-daero, seocho-gu, seoul South Korea
分析記事 • Jan 06Is It Time To Consider Buying Raonsecure Co., Ltd. (KOSDAQ:042510)?Raonsecure Co., Ltd. ( KOSDAQ:042510 ), is not the largest company out there, but it saw a significant share price rise...
分析記事 • Jan 06The Market Lifts Raonsecure Co., Ltd. (KOSDAQ:042510) Shares 29% But It Can Do MoreRaonsecure Co., Ltd. ( KOSDAQ:042510 ) shares have had a really impressive month, gaining 29% after a shaky period...
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₩2,030, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Software industry in South Korea. Total loss to shareholders of 48% over the past three years.
分析記事 • Nov 26We Think That There Are More Issues For Raonsecure (KOSDAQ:042510) Than Just Sluggish EarningsDespite Raonsecure Co., Ltd.'s ( KOSDAQ:042510 ) most recent earnings report having soft headline numbers, its stock...
分析記事 • Sep 04Optimistic Investors Push Raonsecure Co., Ltd. (KOSDAQ:042510) Shares Up 27% But Growth Is LackingThose holding Raonsecure Co., Ltd. ( KOSDAQ:042510 ) shares would be relieved that the share price has rebounded 27% in...
New Risk • Aug 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.5% 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 (9.5% average weekly change). Shareholders have been diluted in the past year (40% increase in shares outstanding). Market cap is less than US$100m (₩129.2b market cap, or US$96.9m).
分析記事 • Aug 07At ₩1,858, Is It Time To Put Raonsecure Co., Ltd. (KOSDAQ:042510) On Your Watch List?Raonsecure Co., Ltd. ( KOSDAQ:042510 ), might not be a large cap stock, but it saw significant share price movement...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₩1,697, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 64% over the past three years.
Buy Or Sell Opportunity • Jul 23Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₩2,110. The fair value is estimated to be ₩2,722, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 795% in the next 2 years.
New Risk • May 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding). Market cap is less than US$100m (₩130.0b market cap, or US$95.3m).
Buy Or Sell Opportunity • Mar 26Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 5.6% to ₩2,620. The fair value is estimated to be ₩2,125, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable.
分析記事 • Mar 23Raonsecure's (KOSDAQ:042510) Soft Earnings Are Actually Better Than They AppearSoft earnings didn't appear to concern Raonsecure Co., Ltd.'s ( KOSDAQ:042510 ) shareholders over the last week. Our...
Reported Earnings • Mar 21Full year 2023 earnings released: EPS: ₩104 (vs ₩172 in FY 2022)Full year 2023 results: EPS: ₩104 (down from ₩172 in FY 2022). Revenue: ₩51.8b (up 11% from FY 2022). Net income: ₩4.16b (down 38% from FY 2022). Profit margin: 8.0% (down from 14% 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 112% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₩2,940, the stock trades at a trailing P/E ratio of 24.4x. Average forward P/E is 6x in the Software industry in South Korea. Total loss to shareholders of 10% over the past three years.
New Risk • Dec 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 45% This is considered a minor 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₩2,695, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 30% over the past three years.
お知らせ • Jul 06Raonsecure Co., Ltd. (KOSDAQ:A042510) agreed to acquire 50.18% stake in Raon WhiteHat Co., Ltd. from BTR Co., Ltd. and others.Raonsecure Co., Ltd. (KOSDAQ:A042510) agreed to acquire 50.18% stake in Raon WhiteHat Co., Ltd. from BTR Co., Ltd. and others on June 30, 2023. The transaction is expected to close on July 4, 2023.
Reported Earnings • Mar 23Full year 2022 earnings released: EPS: ₩172 (vs ₩171 loss in FY 2021)Full year 2022 results: EPS: ₩172 (up from ₩171 loss in FY 2021). Revenue: ₩46.8b (up 8.0% from FY 2021). Net income: ₩6.67b (up ₩13.2b from FY 2021). Profit margin: 14% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 11New 90-day high: ₩3,930The company is up 4.0% from its price of ₩3,795 on 11 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period.
分析記事 • Mar 04Will Raonsecure's (KOSDAQ:042510) Growth In ROCE Persist?What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
お知らせ • Feb 18Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time.
分析記事 • Jan 28The Raonsecure (KOSDAQ:042510) Share Price Has Gained 27% And Shareholders Are Hoping For MoreWe believe investing is smart because history shows that stock markets go higher in the long term. But if you choose...
分析記事 • Dec 24Raonsecure (KOSDAQ:042510) Has A Somewhat Strained Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Nov 30New 90-day high: ₩3,820The company is up 6.0% from its price of ₩3,605 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period.
分析記事 • Nov 19Will the Promising Trends At Raonsecure (KOSDAQ:042510) Continue?There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...