View Future GrowthHS Ad 과거 순이익 실적과거 기준 점검 2/6HS Ad은 연평균 1%의 비율로 수입이 증가해 온 반면, Media 산업은 수입이 2.1% 증가했습니다. 매출은 연평균 3.6%의 비율로 증가했습니다. HS Ad의 자기자본이익률은 7.7%이고 순이익률은 3.2%입니다.핵심 정보1.00%순이익 성장률1.00%주당순이익(EPS) 성장률Media 산업 성장률6.23%매출 성장률3.62%자기자본이익률7.70%순이익률3.19%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported 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.분석 기사 • 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.분석 기사 • 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.모든 업데이트 보기Recent 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.공시 • 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%.분석 기사 • 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.공시 • 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%.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...공시 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.매출 및 비용 세부 내역HS Ad가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이KOSE:A035000 매출, 비용 및 순이익 (KRW Millions)날짜매출순이익일반관리비연구개발비31 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 15425,02011,451106,6694,414양질의 수익: A035000는 고품질 수익을 보유하고 있습니다.이익 마진 증가: A035000의 현재 순 이익률 (3.2%)은 지난해 (4.1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: A035000의 수익은 지난 5년 동안 연평균 1% 증가했습니다.성장 가속화: A035000은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: A035000은 지난 1년 동안 수익이 감소(-32.4%)하여 Media 업계 평균(7.6%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: A035000의 자본 수익률(7.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMedia 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/10 15:21종가2026/07/10 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스HS Ad Inc.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Hong-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.
분석 기사 • 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.
분석 기사 • 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.
공시 • 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%.
분석 기사 • 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.
공시 • 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%.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
공시 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.