Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to ₩24,350, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Entertainment industry in South Korea. Total loss to shareholders of 12% over the past three years. Major Estimate Revision • May 20
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₩168.8m to ₩166.8m. EPS estimate also fell from ₩2,736 per share to ₩2,441 per share. Net income forecast to shrink 20% next year vs 51% growth forecast for Entertainment industry in South Korea . Consensus price target down from ₩70,000 to ₩50,000. Share price fell 34% to ₩25,100 over the past week. New Risk • May 18
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 13% 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: Major Risk High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩46,350, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Entertainment industry in South Korea. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩85,200 per share. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩36,600, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Entertainment industry in South Korea. Total returns to shareholders of 21% over the past three years. Reported Earnings • Mar 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₩3,560 (up from ₩2,447 loss in FY 2024). Revenue: ₩141.3b (up 21% from FY 2024). Net income: ₩30.1b (up ₩49.5b from FY 2024). Profit margin: 21% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩28,950, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Entertainment industry in South Korea. Total loss to shareholders of 13% over the past three years. Aankondiging • Mar 04
SAMG Entertainment Co., Ltd., Annual General Meeting, Mar 31, 2026 SAMG Entertainment Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 419, bongeunsa-ro, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩45,300, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Entertainment industry in South Korea. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩76,341 per share. New Risk • Jan 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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: Major Risks Earnings are forecast to decline by an average of 9.1% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩45,350, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Entertainment industry in South Korea. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩73,673 per share. New Risk • Nov 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 9.1% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩41,750, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Entertainment industry in South Korea. Total returns to shareholders of 215% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩72,256 per share. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩47,800, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Entertainment industry in South Korea. Total returns to shareholders of 298% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩72,045 per share. New Risk • Oct 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩62,200, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Entertainment industry in South Korea. Total returns to shareholders of 383% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₩73,318 per share. Buy Or Sell Opportunity • Oct 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₩60,200. The fair value is estimated to be ₩76,534, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 4.8% in the next 2 years. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Buy Or Sell Opportunity • Aug 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.1% to ₩61,600. The fair value is estimated to be ₩79,054, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • Jun 25
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 235% to ₩94,800. The fair value is estimated to be ₩74,884, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • May 20
Now 20% undervalued Over the last 90 days, the stock has risen 194% to ₩67,000. The fair value is estimated to be ₩83,916, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Mar 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: ₩2,447 loss per share (further deteriorated from ₩2,159 loss in FY 2023). Revenue: ₩116.4b (up 22% from FY 2023). Net loss: ₩19.4b (loss widened 13% from FY 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Aankondiging • Mar 05
SAMG Entertainment Co., Ltd., Annual General Meeting, Mar 26, 2025 SAMG Entertainment Co., Ltd., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 419, bongeunsa-ro, gangnam-gu, seoul South Korea New Risk • Feb 10
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 12% 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. This is currently the only risk that has been identified for the company. New Risk • Sep 09
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 12% 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 (12% average weekly change). Market cap is less than US$100m (₩124.0b market cap, or US$92.1m). Reported Earnings • Mar 21
Full year 2023 earnings released: ₩2,159 loss per share (vs ₩3,894 loss in FY 2022) Full year 2023 results: ₩2,159 loss per share (improved from ₩3,894 loss in FY 2022). Revenue: ₩95.1b (up 39% from FY 2022). Net loss: ₩17.2b (loss narrowed 25% from FY 2022). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. New Risk • Jan 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.3b (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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₩133.3b market cap, or US$100.0m). Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩589 loss per share (vs ₩599 loss in 3Q 2022) Third quarter 2023 results: ₩589 loss per share. Revenue: ₩16.1b (up 50% from 3Q 2022). Net loss: ₩4.68b (loss widened 224% from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in South Korea. New Risk • Oct 03
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 8.8% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩64.00 (vs ₩301 in 1Q 2022) First quarter 2023 results: EPS: ₩64.00 (down from ₩301 in 1Q 2022). Revenue: ₩21.0b (up 30% from 1Q 2022). Net income: ₩511.7m (down 36% from 1Q 2022). Profit margin: 2.4% (down from 5.0% in 1Q 2022). The decrease in margin was driven by higher expenses.