Aankondiging • Mar 04
OPASNET co., Ltd., Annual General Meeting, Mar 30, 2026 OPASNET co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 518, teheran-ro, gangnam-gu, seoul South Korea Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩234 (vs ₩129 in 3Q 2024) Third quarter 2025 results: EPS: ₩234 (up from ₩129 in 3Q 2024). Revenue: ₩42.8b (down 3.6% from 3Q 2024). Net income: ₩3.05b (up 81% from 3Q 2024). Profit margin: 7.1% (up from 3.8% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: ₩351 (vs ₩105 in 2Q 2024) Second quarter 2025 results: EPS: ₩351 (up from ₩105 in 2Q 2024). Revenue: ₩58.2b (up 49% from 2Q 2024). Net income: ₩4.58b (up 234% from 2Q 2024). Profit margin: 7.9% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩6,990, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩6,950, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 14x in the IT industry in South Korea. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩9,650, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the IT industry in South Korea. Total returns to shareholders of 169% over the past three years. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₩732 (vs ₩806 in FY 2023) Full year 2024 results: EPS: ₩732 (down from ₩806 in FY 2023). Revenue: ₩192.9b (down 14% from FY 2023). Net income: ₩9.54b (down 8.7% from FY 2023). Profit margin: 4.9% (up from 4.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 01
OPASNET co., Ltd., Annual General Meeting, Mar 31, 2025 OPASNET co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 518, teheran-ro, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩8,960, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 16x in the IT industry in South Korea. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩7,390, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩8,650, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the IT industry in South Korea. Total returns to shareholders of 147% over the past three years. New Risk • Nov 20
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 8.3% 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 (8.3% average weekly change). Market cap is less than US$100m (₩94.2b market cap, or US$67.7m). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩8,520, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 142% over the past three years. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩7,230, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 104% over the past three years. New Risk • Sep 21
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 9.3% 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 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 (9.3% average weekly change). Market cap is less than US$100m (₩88.3b market cap, or US$66.4m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩6,720, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 16x in the IT industry in South Korea. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩10,120, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the IT industry in South Korea. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩9,560, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 121% over the past three years. New Risk • Apr 20
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. 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 (8.2% average weekly change). Market cap is less than US$100m (₩94.7b market cap, or US$68.9m). Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩888 (vs ₩516 in FY 2022) Full year 2023 results: EPS: ₩888 (up from ₩516 in FY 2022). Revenue: ₩225.0b (up 32% from FY 2022). Net income: ₩10.5b (up 72% from FY 2022). Profit margin: 4.6% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 (₩116.8b market cap, or US$87.0m). New Risk • Mar 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩131.9b (US$99.6m) 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 Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₩131.9b market cap, or US$99.6m). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩11,210, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 21x in the IT industry in South Korea. Total returns to shareholders of 196% over the past three years. New Risk • Jan 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩131.9b (US$98.8m) 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 Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩131.9b market cap, or US$98.8m). Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩11,100, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 23x in the IT industry in South Korea. Total returns to shareholders of 109% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.2%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩182 (vs ₩81.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩182 (up from ₩81.00 in 3Q 2022). Revenue: ₩52.4b (up 51% from 3Q 2022). Net income: ₩2.17b (up 127% from 3Q 2022). Profit margin: 4.1% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩14,380, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 19x in the IT industry in South Korea. Total returns to shareholders of 331% over the past three years. New Risk • Oct 01
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). High level of non-cash earnings (49% accrual ratio). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩17,090, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 19x in the IT industry in South Korea. Total returns to shareholders of 426% over the past three years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩13,010, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 361% over the past three years. New Risk • Jul 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩124.3b (US$97.9m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (68% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (₩124.3b market cap, or US$97.9m). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩10,580, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 359% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩14,390, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 25x in the IT industry in South Korea. Total returns to shareholders of 538% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩12,700, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 27x in the IT industry in South Korea. Total returns to shareholders of 463% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩516 (vs ₩530 in FY 2021) Full year 2022 results: EPS: ₩516 (down from ₩530 in FY 2021). Revenue: ₩170.6b (up 40% from FY 2021). Net income: ₩6.07b (down 2.6% from FY 2021). Profit margin: 3.6% (down from 5.1% in FY 2021). The decrease in margin was driven by higher expenses. Upcoming Dividend • Dec 21
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 9.3% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 22% share price gain to ₩11,500, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 489% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 15% share price gain to ₩8,650, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 309% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 19% share price gain to ₩6,590, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 16x in the IT industry in South Korea. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₩5,820, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩5,700, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 19% share price gain to ₩6,750, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 20% share price gain to ₩6,010, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 16x in the IT industry in South Korea. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 28% share price gain to ₩5,130, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 40% over the past three years. Reported Earnings • May 16
First quarter 2021 earnings released: EPS ₩73.00 (vs ₩26.00 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩21.1b (up 14% from 1Q 2020). Net income: ₩852.9m (up ₩1.17b from 1Q 2020). Profit margin: 4.0% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 20% share price gain to ₩6,030, the stock is trading at a trailing P/E ratio of 35.6x, up from the previous P/E ratio of 29.7x. This compares to an average P/E of 20x in the IT industry in South Korea. Total returns to shareholders over the past three years are 347%. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 22% share price gain to ₩12,950, the stock is trading at a trailing P/E ratio of 76.6x, up from the previous P/E ratio of 63x. This compares to an average P/E of 20x in the IT industry in South Korea. Total returns to shareholders over the past three years are 224%. Is New 90 Day High Low • Dec 07
New 90-day high: ₩11,300 The company is up 8.0% from its price of ₩10,500 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 12% over the same period.