Reported Earnings • 39m
Second quarter 2026 earnings released: EPS: ₩55.00 (vs ₩61.00 in 2Q 2025) Second quarter 2026 results: EPS: ₩55.00 (down from ₩61.00 in 2Q 2025). Revenue: ₩14.3b (down 15% from 2Q 2025). Net income: ₩2.49b (down 12% from 2Q 2025). Profit margin: 17% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 30
Now 23% overvalued Over the last 90 days, the stock has fallen 28% to ₩1,051. The fair value is estimated to be ₩857, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.3%. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,166, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 12x in the Commercial Services industry in South Korea. Total loss to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Jun 09
Now 24% overvalued Over the last 90 days, the stock has fallen 28% to ₩1,045. The fair value is estimated to be ₩844, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.3%. Announcement • Mar 25
SM Life Design Group Co., Ltd. (KOSDAQ:A063440) announces an Equity Buyback for KRW 1,100 million worth of its shares. SM Life Design Group Co., Ltd. (KOSDAQ:A063440) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,100 million worth of its shares pursuant to a contract with IBK Investment & Securities. The purpose of the program is to enhance shareholder value through cancellation of treasury shares. The program will expire on September 23, 2026. As of March 23, 2026, the company had no shares in treasury. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩119 (vs ₩106 in FY 2024) Full year 2025 results: EPS: ₩119 (up from ₩106 in FY 2024). Revenue: ₩53.3b (up 19% from FY 2024). Net income: ₩5.50b (up 13% from FY 2024). Profit margin: 10% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 04
SM Life Design Group Co., Ltd., Annual General Meeting, Mar 24, 2026 SM Life Design Group Co., Ltd., Annual General Meeting, Mar 24, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 376, jikji-gil, gyeonggi-do, paju South Korea Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩1,906, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Commercial Services industry in South Korea. Total loss to shareholders of 37% over the past three years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: ₩54.00 (vs ₩32.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩54.00 (up from ₩32.00 in 3Q 2024). Revenue: ₩18.5b (up 84% from 3Q 2024). Net income: ₩2.48b (up 66% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: ₩61.00 (vs ₩24.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩61.00 (up from ₩24.00 in 2Q 2024). Revenue: ₩16.9b (up 94% from 2Q 2024). Net income: ₩2.82b (up 159% from 2Q 2024). Profit margin: 17% (up from 13% 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 35% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩106 (vs ₩111 in FY 2023) Full year 2024 results: EPS: ₩106 (down from ₩111 in FY 2023). Revenue: ₩44.8b (down 5.4% from FY 2023). Net income: ₩4.87b (down 4.3% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 27
SM Life Design Group Co., Ltd., Annual General Meeting, Mar 24, 2025 SM Life Design Group Co., Ltd., Annual General Meeting, Mar 24, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 376, jikji-gil, gyeonggi-do, paju South Korea Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: ₩32.00 (vs ₩41.49 in 3Q 2023) Third quarter 2024 results: EPS: ₩32.00 (down from ₩41.49 in 3Q 2023). Revenue: ₩10.0b (down 40% from 3Q 2023). Net income: ₩1.49b (down 21% from 3Q 2023). Profit margin: 15% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Aug 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Market cap is less than US$100m (₩63.2b market cap, or US$46.3m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: ₩24.00 (vs ₩19.20 in 2Q 2023) Second quarter 2024 results: EPS: ₩24.00 (up from ₩19.20 in 2Q 2023). Revenue: ₩8.70b (down 19% from 2Q 2023). Net income: ₩1.09b (up 20% from 2Q 2023). Profit margin: 13% (up from 8.5% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,278, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Commercial Services industry in South Korea. Total loss to shareholders of 60% over the past three years. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩111 (vs ₩92.56 in FY 2022) Full year 2023 results: EPS: ₩111 (up from ₩92.56 in FY 2022). Revenue: ₩47.3b (up 16% from FY 2022). Net income: ₩5.09b (up 19% from FY 2022). Profit margin: 11% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: ₩41.00 (vs ₩26.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩41.00 (up from ₩26.00 in 3Q 2022). Revenue: ₩18.6b (up 35% from 3Q 2022). Net income: ₩1.87b (up 60% from 3Q 2022). Profit margin: 10.0% (up from 8.5% 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 103% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩54.00 (vs ₩40.00 in FY 2021) Full year 2022 results: EPS: ₩54.00 (up from ₩40.00 in FY 2021). Revenue: ₩50.3b (up 11% from FY 2021). Net income: ₩2.49b (up 39% from FY 2021). Profit margin: 4.9% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₩1,825, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 15x in the Commercial Services industry in South Korea. Negligible returns to shareholders over past three years. 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 ₩2,820, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 19x in the Commercial Services industry in South Korea. Total returns to shareholders of 60% over the past three years. Reported Earnings • Mar 19
Full year 2020 earnings released: ₩68.00 loss per share (vs ₩67.00 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ₩29.2b (down 21% from FY 2019). Net loss: ₩3.05b (loss widened 1.4% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 05
New 90-day high: ₩3,280 The company is up 83% from its price of ₩1,790 on 04 December 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 Commercial Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: ₩2,900 The company is up 57% from its price of ₩1,850 on 10 November 2020. The South Korean market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩2,400 The company is up 30% from its price of ₩1,845 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩2,120 The company is up 2.0% from its price of ₩2,085 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is flat over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: ₩1,855 The company is down 18% from its price of ₩2,260 on 17 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: ₩2,360 The company is up 47% from its price of ₩1,605 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 6.0% over the same period. 
