Konan Technology Inc.'s (KOSDAQ:402030) 71% Price Boost Is Out Of Tune With Revenues
Jun 26
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South Korean (KOSPI) Software Industry Analysis
UpdatedJun 29, 2025
DataAggregated Company Financials
Companies107
- 7D-4.4%
- 3M26.9%
- 1Y8.0%
- YTD18.7%
Over the last 7 days, the Software industry has dropped 4.4%, driven by a pullback from Douzone Bizon of 7.9%. Meanwhile, FLITTO actually outperformed within the industry, gaining 13% in the last week. This takes the industry's 12 month performance to a gain of 8.0%. Earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the South Korean Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Jun 2025 | ₩14.2t | ₩8.5t | ₩171.3b | 18.7x | 83.1x | 1.7x |
| Wed, 28 May 2025 | ₩11.8t | ₩8.2t | ₩177.0b | 17x | 66.6x | 1.4x |
| Fri, 25 Apr 2025 | ₩12.1t | ₩8.0t | ₩175.0b | 15.8x | 69.3x | 1.5x |
| Sun, 23 Mar 2025 | ₩11.4t | ₩7.9t | ₩95.3b | 13.9x | 119.3x | 1.4x |
| Tue, 18 Feb 2025 | ₩13.0t | ₩7.6t | ₩94.4b | 15.3x | 138x | 1.7x |
| Thu, 16 Jan 2025 | ₩11.1t | ₩7.5t | ₩87.5b | 14.4x | 127.1x | 1.5x |
| Sat, 14 Dec 2024 | ₩11.7t | ₩7.2t | ₩123.6b | 16.5x | 94.5x | 1.6x |
| Mon, 11 Nov 2024 | ₩11.0t | ₩7.0t | ₩97.3b | 13x | 112.5x | 1.6x |
| Wed, 09 Oct 2024 | ₩10.3t | ₩7.0t | ₩97.3b | 14.3x | 106.2x | 1.5x |
| Fri, 06 Sep 2024 | ₩10.6t | ₩7.0t | ₩101.7b | 14.5x | 104.2x | 1.5x |
| Sun, 04 Aug 2024 | ₩10.6t | ₩6.7t | ₩72.5b | 15.1x | 146.7x | 1.6x |
| Tue, 02 Jul 2024 | ₩12.2t | ₩6.8t | ₩43.5b | 15.8x | 281x | 1.8x |
| Thu, 30 May 2024 | ₩12.7t | ₩6.8t | ₩28.5b | 16.5x | 445.4x | 1.9x |
| Sat, 27 Apr 2024 | ₩12.5t | ₩6.6t | ₩75.6b | 15.9x | 165.3x | 1.9x |
| Mon, 25 Mar 2024 | ₩12.6t | ₩6.4t | ₩41.6b | 18.7x | 303.1x | 2x |
| Wed, 21 Feb 2024 | ₩13.8t | ₩6.3t | ₩29.3b | 21.3x | 470.6x | 2.2x |
| Fri, 19 Jan 2024 | ₩13.6t | ₩6.3t | ₩29.6b | 21.5x | 461x | 2.2x |
| Sun, 17 Dec 2023 | ₩12.7t | ₩6.4t | ₩40.2b | 18.7x | 316.7x | 2x |
| Tue, 14 Nov 2023 | ₩12.2t | ₩6.1t | ₩38.0b | 16.8x | 321.5x | 2x |
| Thu, 12 Oct 2023 | ₩13.0t | ₩6.1t | ₩36.5b | 18.1x | 355.3x | 2.1x |
| Sat, 09 Sep 2023 | ₩14.5t | ₩6.1t | ₩30.2b | 19.6x | 480.9x | 2.4x |
| Mon, 07 Aug 2023 | ₩13.8t | ₩5.9t | ₩80.5b | 17.4x | 171.7x | 2.3x |
| Wed, 05 Jul 2023 | ₩12.8t | ₩5.9t | ₩95.8b | 17.6x | 133.1x | 2.2x |
| Fri, 02 Jun 2023 | ₩13.9t | ₩5.9t | ₩98.5b | 17.3x | 140.7x | 2.4x |
| Sun, 30 Apr 2023 | ₩13.2t | ₩5.7t | ₩69.3b | 21.6x | 190.6x | 2.3x |
| Tue, 28 Mar 2023 | ₩14.0t | ₩6.2t | ₩180.1b | 18.6x | 77.8x | 2.3x |
| Thu, 23 Feb 2023 | ₩13.4t | ₩5.9t | ₩204.3b | 18.5x | 65.5x | 2.3x |
| Sat, 21 Jan 2023 | ₩11.5t | ₩6.0t | ₩199.5b | 15.9x | 57.5x | 1.9x |
| Mon, 19 Dec 2022 | ₩10.2t | ₩6.0t | ₩202.8b | 14.8x | 50.3x | 1.7x |
| Wed, 16 Nov 2022 | ₩10.2t | ₩5.8t | ₩269.1b | 14.9x | 37.9x | 1.8x |
| Fri, 14 Oct 2022 | ₩8.9t | ₩5.8t | ₩250.2b | 12.6x | 35.5x | 1.5x |
| Sun, 11 Sep 2022 | ₩11.1t | ₩5.8t | ₩254.0b | 15.1x | 43.7x | 1.9x |
| Tue, 09 Aug 2022 | ₩12.0t | ₩5.6t | ₩256.5b | 18.9x | 46.8x | 2.1x |
| Thu, 07 Jul 2022 | ₩11.1t | ₩5.6t | ₩256.5b | 17.7x | 43.1x | 2x |
Price to Earnings Ratio
43.1x
Current Industry PE
- Investors are pessimistic on the South Korean Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 83.1x which is lower than its 3-year average PE of 167x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South Korean Tech industry?
| KR Market | 0.78% | |
| Tech | 3.54% | |
| Software | -4.40% | |
| Application Software | -3.52% | |
| Systems Software | -5.62% | |
Industry PE
- Investors are most optimistic about the Systems Software industry, which is trading close to its 3-year average PE ratio of 32.6x.
- Analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings decline of 8.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings growth rate of 8.5% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| A300080 FLITTO | ₩11.66k | 12.8% +₩21.9b | 30.0% | PE240.4x | |
| A418620 E8IGHTltd | ₩5.24k | 32.5% +₩16.5b | -72.2% | PS26x | |
| A051160 GaeaSoft | ₩11.94k | 6.6% +₩10.6b | 7.8% | PE9x | |
| A263860 Genians | ₩22.50k | 5.4% +₩9.9b | 143.2% | PE17.1x | |
| A078000 TelcowareLtd | ₩15.27k | 12.4% +₩8.7b | 40.2% | PE14.9x |
