Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,210, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 11x in the Software industry in South Korea. Total loss to shareholders of 13% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩1,035 (vs ₩502 in FY 2024) Full year 2025 results: EPS: ₩1,035 (up from ₩502 in FY 2024). Revenue: ₩142.6b (up 8.8% from FY 2024). Net income: ₩24.0b (up 101% from FY 2024). Profit margin: 17% (up from 9.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Feb 27
Hyundai Ezwel Co.,Ltd., Annual General Meeting, Mar 26, 2026 Hyundai Ezwel Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 23, chungjeong-ro, seodaemun-gu, seoul South Korea Declared Dividend • Feb 13
Dividend increased to ₩220 Dividend of ₩220 is 29% higher than last year. Ex-date: 2nd April 2026 Payment date: 1st January 1970 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 12
Hyundai Ezwel Co.,Ltd. announces Annual dividend Hyundai Ezwel Co.,Ltd. announced Annual dividend of KRW 220.0000 per share, ex-date on April 02, 2026 and record date on April 03, 2026. Aankondiging • Feb 05
Hyundai Ezwel Co.,Ltd. to Report Q4, 2025 Results on Feb 11, 2026 Hyundai Ezwel Co.,Ltd. announced that they will report Q4, 2025 results on Feb 11, 2026 Aankondiging • Oct 31
Hyundai Ezwel Co.,Ltd. to Report Q3, 2025 Results on Nov 04, 2025 Hyundai Ezwel Co.,Ltd. announced that they will report Q3, 2025 results on Nov 04, 2025 New Risk • Sep 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩139.7b (US$99.8m) 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: Major Risks Earnings have declined by 2.9% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩139.7b market cap, or US$99.8m). New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 Earnings have declined by 2.9% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Jul 30
Hyundai Ezwel Co.,Ltd. to Report Q2, 2025 Results on Aug 05, 2025 Hyundai Ezwel Co.,Ltd. announced that they will report Q2, 2025 results on Aug 05, 2025 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩6,390, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 31% over the past three years. Aankondiging • May 09
Hyundai Ezwel Co.,Ltd. (KOSDAQ:A090850) announces an Equity Buyback for 712,391 shares, for KRW 3,968.02 million. Hyundai Ezwel Co.,Ltd. (KOSDAQ:A090850) announces a share repurchase program. Under the program, the company will repurchase up to 712,391 shares for KRW 2,000 million pursuant to a trust contract with KB Securities co.,Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The share repurchase program is valid until August 8, 2025. Upcoming Dividend • Mar 26
Upcoming dividend of ₩170 per share Eligible shareholders must have bought the stock before 02 April 2025. Payment date: 21 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (1.8%). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: ₩502 (vs ₩22.00 loss in FY 2023) Full year 2024 results: EPS: ₩502 (up from ₩22.00 loss in FY 2023). Revenue: ₩131.1b (up 11% from FY 2023). Net income: ₩11.9b (up ₩12.5b from FY 2023). Profit margin: 9.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 21
Hyundai Ezwel Co.,Ltd., Annual General Meeting, Mar 24, 2025 Hyundai Ezwel Co.,Ltd., Annual General Meeting, Mar 24, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 23, chungjeong-ro, seodaemun-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩90.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (1.6%). New Risk • Dec 07
New major risk - Revenue and earnings growth Earnings have declined by 6.3% 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 6.3% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (153% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (₩122.5b market cap, or US$86.1m). New Risk • Jul 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.5b (US$99.0m) 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₩137.5b market cap, or US$99.0m). New Risk • Apr 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.9b (US$97.0m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩133.9b market cap, or US$97.0m). Reported Earnings • Mar 20
Full year 2023 earnings released: ₩22.00 loss per share (vs ₩639 profit in FY 2022) Full year 2023 results: ₩22.00 loss per share (down from ₩639 profit in FY 2022). Revenue: ₩118.0b (up 4.9% from FY 2022). Net loss: ₩532.2m (down 103% from profit in FY 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Software industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. New Risk • Feb 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩127.0b (US$95.8m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩127.0b market cap, or US$95.8m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩80.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.6%). New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% 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 Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Dec 21
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Price Target Changed • Nov 16
Price target decreased to ₩13,000 Down from ₩16,600, the current price target is provided by 1 analyst. New target price is 126% above last closing price of ₩5,760. Stock is down 43% over the past year. The company posted earnings per share of ₩521 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Nov 11
Hyundai Ezwel Co.,Ltd. (KOSDAQ:A090850) agreed to acquire 88.76% stake in Vendys Inc. for KRW37 billion. Hyundai Ezwel Co.,Ltd. (KOSDAQ:A090850) agreed to acquire 88.76% stake in Vendys Inc. for KRW37 billion on November 9, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 22
Upcoming dividend of ₩55.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 18 April 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.0%). Price Target Changed • Sep 04
Price target increased to ₩18,900 Up from ₩16,600, the current price target is provided by 1 analyst. New target price is 70% above last closing price of ₩11,150. Stock is up 37% over the past year. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩10,400, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Software industry in South Korea. Total returns to shareholders of 123% over the past three years. Is New 90 Day High Low • Feb 26
New 90-day low: ₩9,830 The company is down 7.0% from its price of ₩10,550 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩92,732 per share. Aankondiging • Feb 20
Ezwel Co., Ltd., Annual General Meeting, Mar 23, 2021 Ezwel Co., Ltd., Annual General Meeting, Mar 23, 2021, at 10:00 Korea Standard Time. Aankondiging • Jan 26
An unknown largest shareholder of Ezwel Co., Ltd. (KOSDAQ:A090850) agreed to acquire Intouch Tour Co., Ltd. from Ezwel Co., Ltd. (KOSDAQ:A090850) for approximately KRW 760 million. An unknown largest shareholder of Ezwel Co., Ltd. (KOSDAQ:A090850) agreed to acquire Intouch Tour Co., Ltd. from Ezwel Co., Ltd. (KOSDAQ:A090850) for approximately KRW 760 million on December 15, 2020. The Board of Ezwel Co., Ltd. passed a resolution for the deal on December 15, 2020. The expected date of disposition may change due to court approval, approval, and consultation with related agencies under related laws. The scheduled sales date earlier was January 25, 2021 and as per disclosure of January 25, 2021, the deal is expected to be closed on February 8, 2021. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩10,000, the stock is trading at a trailing P/E ratio of 31.9x, down from the previous P/E ratio of 37.6x. This compares to an average P/E of 21x in the Software industry in South Korea. Total returns to shareholders over the past three years are 268%. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩45.00 Per Share Will be paid on the 16th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.4% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (0.8%). Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₩10,500, the stock is trading at a trailing P/E ratio of 33.5x, down from the previous P/E ratio of 43x. This compares to an average P/E of 22x in the Software industry in South Korea. Total returns to shareholders over the past three years are 308%. Is New 90 Day High Low • Dec 07
New 90-day high: ₩11,850 The company is up 45% from its price of ₩8,160 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩29,962 per share. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 16% share price gain to ₩11,850, the stock is trading at a trailing P/E ratio of 35x, up from the previous P/E ratio of 30.3x. This compares to an average P/E of 22x in the Software industry in South Korea. Total returns to shareholders over the past three years are 349%. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 17% share price gain to ₩11,200, the stock is trading at a trailing P/E ratio of 29.4x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 24x in the Software industry in South Korea. Total returns to shareholders over the past three years are 298%. Is New 90 Day High Low • Nov 02
New 90-day high: ₩10,500 The company is up 46% from its price of ₩7,175 on 04 August 2020. The South Korean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩19,094 per share. Is New 90 Day High Low • Oct 06
New 90-day high: ₩9,720 The company is up 54% from its price of ₩6,325 on 08 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩19,076 per share. Is New 90 Day High Low • Sep 18
New 90-day high: ₩8,800 The company is up 38% from its price of ₩6,375 on 19 June 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩19,422 per share. Aankondiging • Jul 23
Ezwel Co., Ltd. announced that it has received KRW 6.54311885 billion in funding from Korea Investment & Securities Co., Ltd. On July 22, 2020, Ezwel Co., Ltd. (KOSDAQ:A090850) closed the transaction. Aankondiging • Jul 21
Ezwel Co., Ltd. announced that it expects to receive KRW 6.54311885 billion in funding from Korea Investment & Securities Co., Ltd. Ezwel Co., Ltd. (KOSDAQ:A090850) announced a private placement of 2nd series non-guaranteed private equity exchange bond for gross proceeds of KRW 6,543,118,850 on July 20, 2020. The transaction involves the participation of returning investor Korea Investment & Securities Co., Ltd. The bonds have zero coupon and will mature on July 22, 2022. The bonds are be 100% converted into 570,455 common shares representing 4.88% stake of the company at a fixed conversion price of KRW 11,470 per share from July 23, 2020 to June 22, 2022. The subscription and payment date for the transaction is July 22, 2020. The transaction has been approved by board of directors of the company.