Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,470, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 10x in the Professional Services industry in South Korea. Total loss to shareholders of 26% over the past three years. Announcement • Jun 12
Korea Electronic Certification Authority, Inc. (KOSDAQ:A041460) announces an Equity Buyback for KRW 3,500 million worth of its shares. Korea Electronic Certification Authority, Inc. (KOSDAQ:A041460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,500 million worth of its shares. The purpose of the program is to stabilize the stock price, enhance shareholder value, and secure shares for RSU (Restricted Stock Unit) compensation. The program will expire on December 17, 2026. As of June 10, 2026, the company had 671,694 shares in treasury within the scope available for dividend and 197 shares in treasury through other repurchase. Announcement • Mar 07
Korea Electronic Certification Authority, Inc., Annual General Meeting, Mar 31, 2026 Korea Electronic Certification Authority, Inc., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 9-22, seocho-daero 62-gil, seocho-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (3.4%). Declared Dividend • Nov 08
Dividend of ₩70.00 announced Dividend of ₩70.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 41% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Korea Electronic Certification Authority, Inc. announces Annual dividend, payable on April 13, 2026 Korea Electronic Certification Authority, Inc. announced Annual dividend of KRW 70.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 30
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. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩76.4b market cap, or US$55.1m). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩4,905, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 14x in the Professional Services industry in South Korea. Total returns to shareholders of 3.4% over the past three years. Announcement • Feb 13
Korea Electronic Certification Authority, Inc. (KOSDAQ:A041460) announces an Equity Buyback for KRW 3,500 million worth of its shares. Korea Electronic Certification Authority, Inc. (KOSDAQ:A041460) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,500 million worth of its own shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholders’ value and to stabilize stock price. The repurchase program will continue until August 18, 2025. As of February 11, 2025, the company had 72,428 shares in treasury within the scope available for dividend and 197 shares in treasury through other repurchase. Announcement • Feb 12
Korea Electronic Certification Authority, Inc., Annual General Meeting, Mar 27, 2025 Korea Electronic Certification Authority, Inc., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 9-22, seocho-daero 62-gil, seocho-gu, seoul South Korea 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 73% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (3.6%). 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 Risk Market cap is less than US$100m (₩56.7b market cap, or US$39.5m). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩2,995, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 13x in the Professional Services industry in South Korea. Total loss to shareholders of 70% over the past three years. Buy Or Sell Opportunity • Dec 11
Now 23% overvalued Over the last 90 days, the stock has fallen 14% to ₩2,905. The fair value is estimated to be ₩2,366, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 31%. 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. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩53.7b market cap, or US$37.7m). New Risk • Sep 17
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 (₩64.3b market cap, or US$48.8m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,265, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 11x in the Professional Services industry in South Korea. Total loss to shareholders of 69% over the past three years. Buy Or Sell Opportunity • Jul 29
Now 20% overvalued Over the last 90 days, the stock has fallen 2.4% to ₩3,910. The fair value is estimated to be ₩3,258, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 10%. Buy Or Sell Opportunity • Jul 10
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at ₩3,980. The fair value is estimated to be ₩3,300, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 10%. Buy Or Sell Opportunity • Jun 29
Now 21% overvalued Over the last 90 days, the stock has fallen 4.1% to ₩3,990. The fair value is estimated to be ₩3,308, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 10%. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩126 (vs ₩185 in FY 2022) Full year 2023 results: EPS: ₩126 (down from ₩185 in FY 2022). Revenue: ₩38.3b (flat on FY 2022). Net income: ₩2.38b (down 32% from FY 2022). Profit margin: 6.2% (down from 9.1% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩5,260, the stock trades at a trailing P/E ratio of 70.5x. Average trailing P/E is 16x in the Professional Services industry in South Korea. Total loss to shareholders of 20% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩70.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 11 April 2024. Payout ratio is on the higher end at 93%, however this is 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 (4.0%). New Risk • Nov 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Dividend is not well covered by earnings (93% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (₩75.0b market cap, or US$58.0m). Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 21% share price gain to ₩6,100, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 13x in the Professional Services industry in South Korea. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 April 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₩4,745, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 13x in the Professional Services industry in South Korea. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 29% share price gain to ₩7,020, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 15x in the Professional Services industry in South Korea. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩5,000, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 13x in the Professional Services industry in South Korea. Total returns to shareholders of 15% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩61.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 06 April 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 29% share price gain to ₩10,400, the stock trades at a trailing P/E ratio of 75.9x. Average trailing P/E is 16x in the Professional Services industry in South Korea. Total returns to shareholders of 167% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩7,170, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 14x in the Professional Services industry in South Korea. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₩7,700, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 20x in the Professional Services industry in South Korea. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 30% share price gain to ₩9,750, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 19x in the Professional Services industry in South Korea. Total returns to shareholders of 49% over the past three years. Announcement • Feb 10
Korea Electronic Certification Authority, Inc., Annual General Meeting, Mar 26, 2021 Korea Electronic Certification Authority, Inc., Annual General Meeting, Mar 26, 2021, at 14:00 Korea Standard Time. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩46.00 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.3%). Is New 90 Day High Low • Dec 01
New 90-day high: ₩7,270 The company is up 13% from its price of ₩6,420 on 02 September 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Professional Services industry, which is up 15% over the same period.