Valuation Update With 7 Day Price Move • 2h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩2,165, the stock trades at a trailing P/E ratio of 67x. Average trailing P/E is 11x in the Specialty Retail industry in South Korea. Total loss to shareholders of 48% over the past three years. 공고 • Jul 25
GGUMBI Inc. (KOSDAQ:A407400) completed the acquisition of additional 11.07% stake in TOEBOX KOREA.Ltd. (KOSDAQ:A215480) from Lee Seon-geun, Bae Eun-young, Lee Chang-geun, Lee Do-yeon and Park Kyung-sook. GGUMBI Inc. (KOSDAQ:A407400) agreed to acquire an additional 11.07% stake in TOEBOX KOREA.Ltd. (KOSDAQ:A215480) from Lee Seon-geun, Bae Eun-young, Lee Chang-geun, Lee Do-yeon and Park Kyung-sook for KRW 10.0 billion on June 26, 2026. As part of consideration KRW 8380 per share is being paid for a cash consideration of KRW 9.96 billion. Upon completion GGUMBI Inc. will hold 27.74% stake in TOEBOX KOREA.Ltd.
The expected completion of the transaction is July 23, 2026.
GGUMBI Inc. (KOSDAQ:A407400) completed the acquisition of an additional 11.07% stake in TOEBOX KOREA.Ltd. (KOSDAQ:A215480) from Lee Seon-geun, Bae Eun-young, Lee Chang-geun, Lee Do-yeon and Park Kyung-sook on July 23, 2026. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩1,990, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 12x in the Specialty Retail industry in South Korea. Total loss to shareholders of 53% over the past three years. 공고 • Jul 07
TOEBOX KOREA.Ltd. announced that it has received KRW 3.5621 billion in funding from GGUMBI Inc. On July 7, 2026, TOEBOX KOREA.Ltd. closed the transaction. New Risk • Jul 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩15.2b (US$9.76m) This is considered a major 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: Major Risk Market cap is less than US$10m (₩15.2b market cap, or US$9.76m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,809, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 14x in the Specialty Retail industry in South Korea. Total loss to shareholders of 60% over the past three years. 공고 • Mar 17
TOEBOX KOREA.Ltd., Annual General Meeting, Mar 31, 2026 TOEBOX KOREA.Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: auditorium, geumcheon-gu, seoul South Korea New Risk • May 22
New major risk - Revenue and earnings growth Earnings have declined by 4.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩22.6b market cap, or US$16.4m). New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.7% 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 (9.7% average weekly change). Market cap is less than US$100m (₩31.1b market cap, or US$21.9m). 공고 • Mar 15
TOEBOX KOREA.Ltd., Annual General Meeting, Mar 28, 2025 TOEBOX KOREA.Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, geumcheon-gu, seoul South Korea New Risk • Dec 07
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 Risk Market cap is less than US$100m (₩20.7b market cap, or US$14.6m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩56.00 (vs ₩112 in 2Q 2023) Second quarter 2024 results: EPS: ₩56.00 (down from ₩112 in 2Q 2023). Revenue: ₩13.1b (down 10.0% from 2Q 2023). Net income: ₩501.9m (down 51% from 2Q 2023). Profit margin: 3.8% (down from 7.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩7.00 loss per share (vs ₩3.00 profit in 3Q 2022) Third quarter 2023 results: ₩7.00 loss per share (down from ₩3.00 profit in 3Q 2022). Revenue: ₩9.35b (down 7.7% from 3Q 2022). Net loss: ₩62.2m (down 296% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 15
First quarter 2023 earnings released: EPS: ₩82.00 (vs ₩92.00 in 1Q 2022) First quarter 2023 results: EPS: ₩82.00 (down from ₩92.00 in 1Q 2022). Revenue: ₩11.7b (up 8.8% from 1Q 2022). Net income: ₩770.4m (down 11% from 1Q 2022). Profit margin: 6.6% (down from 8.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩416 (vs ₩372 in FY 2021) Full year 2022 results: EPS: ₩416 (up from ₩372 in FY 2021). Revenue: ₩51.2b (up 42% from FY 2021). Net income: ₩3.91b (up 13% from FY 2021). Profit margin: 7.6% (down from 9.6% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₩3.38 (vs ₩61.90 in 3Q 2021) Third quarter 2022 results: EPS: ₩3.38 (down from ₩61.90 in 3Q 2021). Revenue: ₩10.1b (up 31% from 3Q 2021). Net income: ₩31.8m (down 95% from 3Q 2021). Profit margin: 0.3% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ₩3.00 (vs ₩62.00 in 3Q 2021) Third quarter 2022 results: EPS: ₩3.00 (down from ₩62.00 in 3Q 2021). Revenue: ₩10.1b (up 31% from 3Q 2021). Net income: ₩31.8m (down 95% from 3Q 2021). Profit margin: 0.3% (down from 7.5% in 3Q 2021). 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 18% share price decline to ₩4,505, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 9x in the Specialty Retail industry in South Korea. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₩5,730, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 14x in the Specialty Retail industry in South Korea. Total loss to shareholders of 2.5% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩5,020, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 14x in the Specialty Retail industry in South Korea. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩6,070, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 16x in the Specialty Retail industry in South Korea. Negligible returns to shareholders over past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS ₩19.00 (vs ₩33.00 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩6.94b (up 61% from 1Q 2020). Net income: ₩841.6m (up ₩2.19b from 1Q 2020). Profit margin: 12% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 19
New 90-day high: ₩1,605 The company is up 30% from its price of ₩1,235 on 20 November 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: ₩2.00 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ₩5.82b (down 12% from 3Q 2019). Net loss: ₩89.9m (down ₩102.8m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day high: ₩1,260 The company is up 26% from its price of ₩1,000 on 07 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: ₩1,095 The company is up 1.0% from its price of ₩1,085 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 5.0% over the same period.