공시 • Aug 13
Skylake Longterm Strategic Investment III Limited completed the acquisition of 70.65% stake in BusinessOn Communication Co., Ltd (KOSDAQ:A138580) from Hwang Hwi, Lee Byung Doo, Shin Seung-won, Jung Sung-il, Lim Dong Woo, Kim Donghyun and others. Skylake Longterm Strategic Investment III Limited agreed to acquire 71.19% stake in BusinessOn Communication Co., Ltd (KOSDAQ:A138580) from Hwang Hwi, Lee Byung Doo, Shin Seung-won, Jung Sung-il, Lim Dong Woo, Kim Donghyun and others for approximately KRW 250 billion on July 23, 2024. A cash consideration valued at KRW 15,849 per share will be paid by Skylake Longterm Strategic Investment III Limited.
The expected completion of the transaction is August 20, 2024.
Skylake Longterm Strategic Investment III Limited completed the acquisition of 70.65% stake in BusinessOn Communication Co., Ltd (KOSDAQ:A138580) from Hwang Hwi, Lee Byung Doo, Shin Seung-won, Jung Sung-il, Lim Dong Woo, Kim Donghyun and others on August 12, 2024. 공시 • Jul 25
Skylake Longterm Strategic Investment III Limited agreed to acquire 71.19% stake in BusinessOn Communication Co., Ltd (KOSDAQ:A138580) from Hwang Hwi, Lee Byung Doo, Shin Seung-won, Jung Sung-il, Lim Dong Woo, Kim Donghyun and others for approximately KRW 250 billion Skylake Longterm Strategic Investment III Limited agreed to acquire 71.19% stake in BusinessOn Communication Co., Ltd (KOSDAQ:A138580) from Hwang Hwi, Lee Byung Doo, Shin Seung-won, Jung Sung-il, Lim Dong Woo, Kim Donghyun and others for approximately KRW 250 billion on July 23, 2024. A cash consideration valued at KRW 15,849 per share will be paid by Skylake Longterm Strategic Investment III Limited.
The expected completion of the transaction is August 20, 2024. New Risk • Dec 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩15,850, the stock trades at a trailing P/E ratio of 26.3x. Average forward P/E is 8x in the Software industry in South Korea. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩12,000, the stock trades at a trailing P/E ratio of 20.6x. Average forward P/E is 9x in the Software industry in South Korea. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩10,299 per share. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,250, the stock trades at a trailing P/E ratio of 20.5x. Average forward P/E is 11x in the Software industry in South Korea. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩4,114 per share. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: ₩493 (vs ₩261 in FY 2021) Full year 2022 results: EPS: ₩493 (up from ₩261 in FY 2021). Revenue: ₩43.9b (up 31% from FY 2021). Net income: ₩11.0b (up 77% from FY 2021). Profit margin: 25% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. 공시 • Dec 26
BusinessOn Communication Co., Ltd (KOSDAQ:A138580) announces an Equity Buyback for KRW 1,000 million worth of its shares. BusinessOn Communication Co., Ltd (KOSDAQ:A138580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on June 26, 2023. As of December 25, 2022, the company had 564,131 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchases. Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (1.8%). Buying Opportunity • Mar 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₩15,087, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 96% over the last year. Earnings per share has grown by 362% over the last year. Buying Opportunity • Feb 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be ₩15,161, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 96% over the last year. Earnings per share has grown by 362% over the last year. Buying Opportunity • Jan 17
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be ₩15,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 96% over the last year. Earnings per share has grown by 362% over the last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩14,800, the stock trades at a trailing P/E ratio of 44.5x. Average forward P/E is 20x in the Software industry in South Korea. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 60% share price gain to ₩20,800, the stock trades at a trailing P/E ratio of 62.5x. Average forward P/E is 15x in the Software industry in South Korea. Total returns to shareholders of 223% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ₩139 (vs ₩123 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ₩8.25b (up 94% from 3Q 2020). Net income: ₩1.56b (up 47% from 3Q 2020). Profit margin: 19% (down from 25% in 3Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Feb 22
New 90-day high: ₩18,800 The company is up 22% from its price of ₩15,450 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₩18,450 The company is up 31% from its price of ₩14,050 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ₩16,750 The company is up 9.0% from its price of ₩15,300 on 17 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 down 1.0% over the same period.