Buy Or Sell Opportunity • Apr 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to ₩13,870. The fair value is estimated to be ₩11,008, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 26
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 Earnings have declined by 54% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Aankondiging • Feb 28
Selvas AI Inc., Annual General Meeting, Mar 27, 2026 Selvas AI Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South Korea New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings have declined by 54% 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. This is currently the only risk that has been identified for the company. New Risk • Dec 12
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 8.2% 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. Reported Earnings • Mar 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ₩216 loss per share (further deteriorated from ₩101 loss in FY 2023). Revenue: ₩112.5b (up 112% from FY 2023). Net loss: ₩5.81b (loss widened 128% from FY 2023). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 28
Selvas AI Inc., Annual General Meeting, Mar 31, 2025 Selvas AI Inc., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, geumcheon-gu, seoul South Korea New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. This is currently the only risk that has been identified for the company. New Risk • Sep 04
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 9.1% 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. Reported Earnings • May 19
First quarter 2024 earnings released: ₩12.00 loss per share (vs ₩12.00 profit in 1Q 2023) First quarter 2024 results: ₩12.00 loss per share (down from ₩12.00 profit in 1Q 2023). Revenue: ₩27.2b (up 120% from 1Q 2023). Net loss: ₩333.2m (down 217% from profit in 1Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Aankondiging • Jan 10
Selvas AI Inc. (KOSDAQ:A108860) completed the acquisition of 32% stake in MEDIANA Co.,Ltd (KOSDAQ:A041920) from Gil Mun Jong. Selvas AI Inc. (KOSDAQ:A108860) agreed to acquire a 32% stake in MEDIANA Co.,Ltd (KOSDAQ:A041920) from Gil Mun Jong for KRW 73.22 billion on November 20, 2023. Following the transaction, Gil Mun Jong will hold 5.51% stake, representing 881,508 shares in MEDIANA. The company's management rights will be transferred by appointing directors and auditors designated by Selvas AI Co., Ltd. at an extraordinary general meeting of shareholders convened after signing the contract. The scheduled transaction closing date will be January 8, 2024, extraordinary shareholders' meeting date. Selvas AI Inc. (KOSDAQ:A108860) completed the acquisition of 32% stake in MEDIANA Co.,Ltd (KOSDAQ:A041920) from Gil Mun Jong on January 8, 2024. New Risk • Dec 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (1.3% net profit margin). Shareholders have been diluted in the past year (20% increase in shares outstanding). Aankondiging • Jun 24
Selvas AI Inc. has completed a Follow-on Equity Offering in the amount of KRW 57.12 billion. Selvas AI Inc. has completed a Follow-on Equity Offering in the amount of KRW 57.12 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,000,000
Price\Range: KRW 14280
Discount Per Security: KRW 157.08
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩16,840, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 21x in the Software industry in South Korea. Total returns to shareholders of 383% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩22,900, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 21x in the Software industry in South Korea. Total returns to shareholders of 119% over the past year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩17,500, the stock trades at a trailing P/E ratio of 77x. Average trailing P/E is 20x in the Software industry in South Korea. Total returns to shareholders of 126% over the past year. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 35% share price gain to ₩11,150, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 16x in the Software industry in South Korea. Total returns to shareholders of 9.3% over the past year. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 23% share price gain to ₩6,710, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,995, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 13x in the Software industry in South Korea. Total returns to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩5,580, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 13x in the Software industry in South Korea. Total returns to shareholders of 46% over the past year. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,700, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 16x in the Software industry in South Korea. Total returns to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₩8,230, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 20x in the Software industry in South Korea. Total returns to shareholders of 86% over the past year. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩8,400, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 23x in the Software industry in South Korea. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to ₩9,260, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 21x in the Software industry in South Korea. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩8,600, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 22x in the Software industry in South Korea. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₩8,500, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 23x in the Software industry in South Korea. Total returns to shareholders of 102% over the past three years. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩72.00 (vs ₩18.00 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩12.4b (up 25% from 3Q 2020). Net income: ₩1.60b (up 313% from 3Q 2020). Profit margin: 13% (up from 3.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2021 earnings released: ₩19.00 loss per share (vs ₩223 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: ₩8.65b (up 10% from 1Q 2020). Net loss: ₩423.7m (down 109% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 26% share price gain to ₩5,270, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 24x in the Software industry in South Korea. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₩4,075, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 23x in the Software industry in South Korea. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 17% share price gain to ₩3,590, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 20x in the Software industry in South Korea. Total loss to shareholders of 45% over the past three years. Is New 90 Day High Low • Feb 17
New 90-day high: ₩3,060 The company is up 7.0% from its price of ₩2,865 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 14% over the same period. Aankondiging • Feb 16
Selvas AI Inc., Annual General Meeting, Mar 30, 2021 Selvas AI Inc., Annual General Meeting, Mar 30, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 31
New 90-day low: ₩2,655 The company is down 2.0% from its price of ₩2,720 on 02 November 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 12% over the same period.