View ValuationRaonsecure 향후 성장Future 기준 점검 3/6Raonsecure (는) 각각 연간 32.2% 및 10.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 31.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.8% 로 예상됩니다.핵심 정보32.2%이익 성장률31.44%EPS 성장률Software 이익 성장28.9%매출 성장률10.1%향후 자기자본이익률15.80%애널리스트 커버리지Low마지막 업데이트18 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent 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).공시 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...공시 • 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 Korea분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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).분석 기사 • 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.분석 기사 • 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.공시 • 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.분석 기사 • 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...공시 • Feb 18Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...이익 및 매출 성장 예측KOSDAQ:A042510 - 애널리스트 향후 추정치 및 과거 재무 데이터 (KRW Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202885,60012,40010,80013,400112/31/202776,4009,6008,30010,700112/31/202667,8009,0005,5007,800112/31/202563,7513,3825,8226,719N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: A042510 의 연간 예상 수익 증가율(32.2%)이 saving rate(3.1%)보다 높습니다.수익 vs 시장: A042510 의 연간 수익(32.2%)이 KR 시장(31%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: A042510 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: A042510 의 수익(연간 10.1%)이 KR 시장(연간 15.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: A042510 의 수익(연간 10.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: A042510의 자본 수익률은 3년 후 15.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 01:00종가2026/05/20 00:00수익2025/12/31연간 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Raonsecure Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jongsun 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).
공시 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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).
분석 기사 • 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.
분석 기사 • 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.
공시 • 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.
분석 기사 • 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...
공시 • Feb 18Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021Raonsecure Co., Ltd., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...