Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩3,955, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 7x in the Tech industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩5,900, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 10x in the Tech industry in South Korea. Total returns to shareholders of 63% over the past three years. Aankondiging • Mar 14
MOBASE Co.,Ltd., Annual General Meeting, Mar 27, 2026 MOBASE Co.,Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 73, dongtancheomdansaneop 1-ro, gyeonggi-do, hwaseong South Korea Aankondiging • Mar 13
MOBASE Co.,Ltd. announces Annual dividend MOBASE Co.,Ltd. announced Annual dividend of KRW 140.0000 per share, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to ₩4,530, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 12x in the Tech industry in South Korea. Total returns to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Feb 27
Now 23% undervalued Over the last 90 days, the stock has risen 90% to ₩5,850. The fair value is estimated to be ₩7,573, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩5,380, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 11x in the Tech industry in South Korea. Total returns to shareholders of 58% over the past three years. Buy Or Sell Opportunity • Feb 09
Now 24% undervalued Over the last 90 days, the stock has risen 92% to ₩5,720. The fair value is estimated to be ₩7,573, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩6,780, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 11x in the Tech industry in South Korea. Total returns to shareholders of 102% over the past three years. Buy Or Sell Opportunity • Jan 21
Now 26% undervalued Over the last 90 days, the stock has risen 71% to ₩5,570. The fair value is estimated to be ₩7,479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Jan 13
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 9.2% 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 (9.2% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (₩98.4b market cap, or US$66.8m). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩4,435, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 11x in the Tech industry in South Korea. Total returns to shareholders of 34% over the past three years. Aankondiging • Sep 05
MOBASE Co.,Ltd. (KOSDAQ:A101330) announces an Equity Buyback for KRW 3,000 million worth of its shares. MOBASE Co.,Ltd. (KOSDAQ:A101330) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares according to the contract with Shinhan Investment Corp. The purpose of the program is stock price stability and shareholder value enhancement. The program will expire on March 4, 2026. As at September 4, 2025, the company had 1,019,833 and 0 treasury shares holdings within the available dividend range acquisition and other acquisitions respectively. New Risk • Aug 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (₩71.7b market cap, or US$51.6m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: ₩151 loss per share (vs ₩361 profit in 2Q 2024) Second quarter 2025 results: ₩151 loss per share (down from ₩361 profit in 2Q 2024). Revenue: ₩339.9b (up 3.2% from 2Q 2024). Net loss: ₩3.48b (down 142% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Aankondiging • Mar 14
MOBASE Co.,Ltd., Annual General Meeting, Mar 28, 2025 MOBASE Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 73, dongtancheomdansaneop 1-ro, gyeonggi-do, hwaseong South Korea Aankondiging • Feb 03
MOBASE Co.,Ltd. (KOSDAQ:A101330) announces an Equity Buyback for KRW 6,000 million worth of its shares. MOBASE Co.,Ltd. (KOSDAQ:A101330) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,000 million worth of its shares according to the contract with Shinhan Financial Investment Securities. The purpose of the program is stock price stability and shareholder value enhancement. The program will expire on August 4, 2025. As at February 2, 2025, the company had 0 and 0 treasury shares holdings within the available dividend range acquisition and other acquisitions respectively. Upcoming Dividend • Dec 20
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 April 2025. Payout ratio is a comfortable 6.3% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (2.7%). New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 (₩63.8b market cap, or US$44.4m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩12.00 (vs ₩198 in 3Q 2023) Third quarter 2024 results: EPS: ₩12.00 (down from ₩198 in 3Q 2023). Revenue: ₩301.8b (down 5.9% from 3Q 2023). Net income: ₩267.3m (down 94% from 3Q 2023). Profit margin: 0.1% (down from 1.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 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 ₩3,000, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 12x in the Tech industry in South Korea. Total loss to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to ₩3,000. The fair value is estimated to be ₩3,919, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩4,010, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 11x in the Tech industry in South Korea. Total returns to shareholders of 6.5% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩70.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 11 April 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (2.0%). New Risk • Nov 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₩74.3b market cap, or US$57.0m). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩4,050, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 7x in the Tech industry in South Korea. Total returns to shareholders of 24% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₩786 (vs ₩261 in FY 2021) Full year 2022 results: EPS: ₩786 (up from ₩261 in FY 2021). Revenue: ₩1.33t (up 13% from FY 2021). Net income: ₩18.2b (up 196% from FY 2021). Profit margin: 1.4% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩4,130, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 11x in the Tech industry in South Korea. Total returns to shareholders of 43% over the past three years. 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,505, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 12x in the Tech industry in South Korea. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,025, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 10x in the Tech industry in South Korea. Total loss to shareholders of 60% over the past three years. Reported Earnings • May 02
Full year 2021 earnings released: EPS: ₩261 (vs ₩548 loss in FY 2020) Full year 2021 results: EPS: ₩261 (up from ₩548 loss in FY 2020). Revenue: ₩1.17t (up 8.5% from FY 2020). Net income: ₩6.16b (up ₩19.2b from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 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. Reported Earnings • Apr 02
Full year 2020 earnings released: ₩534 loss per share (vs ₩1,929 profit in FY 2019) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: ₩1.14t (up 74% from FY 2019). Net loss: ₩12.7b (down 128% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 08
New 90-day high: ₩4,410 The company is up 11% from its price of ₩3,960 on 08 December 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Tech industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 29% share price gain to ₩4,620, the stock is trading at a trailing P/E ratio of 3.7x, up from the previous P/E ratio of 2.9x. This compares to an average P/E of 19x in the Tech industry in South Korea. Total return to shareholders over the past three years is a loss of 13%. Is New 90 Day High Low • Nov 12
New 90-day high: ₩3,725 The company is up 1.0% from its price of ₩3,675 on 14 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 15% share price gain to ₩3,725, the stock is trading at a trailing P/E ratio of 3x, up from the previous P/E ratio of 2.6x. This compares to an average P/E of 17x in the Tech industry in South Korea. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Sep 24
New 90-day low: ₩3,000 The company is down 14% from its price of ₩3,480 on 26 June 2020. The South Korean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 13% over the same period.