Reported Earnings • Sep 24
Full year 2025 earnings released: ₩47.00 loss per share (vs ₩78.00 profit in FY 2024) Full year 2025 results: ₩47.00 loss per share (down from ₩78.00 profit in FY 2024). Revenue: ₩56.2b (up 4.6% from FY 2024). Net loss: ₩842.0m (down 160% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. 공시 • Sep 08
Macromill Embrain Co., Ltd., Annual General Meeting, Sep 30, 2025 Macromill Embrain Co., Ltd., Annual General Meeting, Sep 30, 2025, at 08:00 Tokyo Standard Time. Location: conference room, 9, myeongdal-ro, seocho-gu, seoul South Korea Upcoming Dividend • Jun 20
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 10 October 2025. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (4.8%). Declared Dividend • May 29
Dividend of ₩80.00 announced Dividend of ₩80.00 is the same as last year. Ex-date: 27th June 2025 Payment date: 10th October 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.2%. Sustainability & Growth The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. 공시 • May 28
Macromill Embrain Co., Ltd. announces Annual dividend, payable on October 10, 2025 Macromill Embrain Co., Ltd. announced Annual dividend of KRW 80.0000 per share payable on October 10, 2025, ex-date on June 27, 2025 and record date on June 30, 2025. Reported Earnings • Feb 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: ₩20.4b (down 3.5% from 2Q 2024). Net income: ₩1.33b (down 43% from 2Q 2024). Profit margin: 6.5% (down from 11% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩36.6b market cap, or US$25.5m). Reported Earnings • Sep 21
Full year 2024 earnings released Full year 2024 results: Revenue: ₩53.7b (down 2.2% from FY 2023). Net income: ₩1.41b (down 63% from FY 2023). Profit margin: 2.6% (down from 6.8% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. New Risk • Sep 17
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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩37.1b market cap, or US$28.2m). 공시 • Sep 06
Macromill Embrain Co., Ltd., Annual General Meeting, Sep 27, 2024 Macromill Embrain Co., Ltd., Annual General Meeting, Sep 27, 2024, at 08:00 Tokyo Standard Time. Location: conference room, 9, myeongdal-ro, seocho-gu, seoul South Korea Reported Earnings • Feb 18
Second quarter 2024 earnings released: EPS: ₩145 (vs ₩197 in 2Q 2023) Second quarter 2024 results: EPS: ₩145 (down from ₩197 in 2Q 2023). Revenue: ₩21.1b (down 4.7% from 2Q 2023). Net income: ₩2.32b (down 33% from 2Q 2023). Profit margin: 11% (down from 16% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Nov 19
First quarter 2024 earnings released: EPS: ₩15.00 (vs ₩35.00 in 1Q 2023) First quarter 2024 results: EPS: ₩15.00 (down from ₩35.00 in 1Q 2023). Revenue: ₩10.1b (down 8.6% from 1Q 2023). Net income: ₩34.8m (down 94% from 1Q 2023). Profit margin: 0.3% (down from 5.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 20
Full year 2023 earnings released: EPS: ₩218 (vs ₩338 in FY 2022) Full year 2023 results: EPS: ₩218 (down from ₩338 in FY 2022). Revenue: ₩54.9b (up 7.2% from FY 2022). Net income: ₩3.76b (down 37% from FY 2022). Profit margin: 6.8% (down from 12% 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 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of ₩170 per share at 5.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 12 October 2023. Payout ratio and cash payout ratio are on the higher end at 76% and 82% respectively. Trailing yield: 5.2%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,660, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 14x in the Media industry in South Korea. Total loss to shareholders of 26% over the past year. Reported Earnings • Feb 20
Second quarter 2023 earnings released: EPS: ₩197 (vs ₩226 in 2Q 2022) Second quarter 2023 results: EPS: ₩197 (down from ₩226 in 2Q 2022). Revenue: ₩22.2b (up 8.6% from 2Q 2022). Net income: ₩3.47b (down 14% from 2Q 2022). Profit margin: 16% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: ₩35.00 (vs ₩49.00 in 1Q 2022) First quarter 2023 results: EPS: ₩35.00 (down from ₩49.00 in 1Q 2022). Revenue: ₩11.0b (up 8.2% from 1Q 2022). Net income: ₩591.4m (down 33% from 1Q 2022). Profit margin: 5.4% (down from 8.6% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 ₩2,980, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 28% over the past year. Reported Earnings • Sep 23
Full year 2022 earnings released Full year 2022 results: Revenue: ₩51.3b (up 17% from FY 2021). Net income: ₩5.98b (up 22% from FY 2021). Profit margin: 12% (in line with FY 2021). Upcoming Dividend • Jun 22
Upcoming dividend of ₩140 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 12 October 2022. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of South Korean dividend payers (3.2%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,905, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 8.6% over the past year. Reported Earnings • Feb 14
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: ₩20.4b (up 11% from 2Q 2021). Net income: ₩4.02b (up 10% from 2Q 2021). Profit margin: 20% (in line with 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 10%, compared to a 16% growth forecast for the industry in South Korea. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 32% share price gain to ₩11,550, the stock trades at a trailing P/E ratio of 19.3x. Average forward P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 46% over the past year. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₩9,330, the stock is trading at a trailing P/E ratio of 19.7x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 19x in the Media industry in South Korea. Is New 90 Day High Low • Jan 25
New 90-day high: ₩8,200 The company is up 15% from its price of ₩7,160 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 14% over the same period.