Buy Or Sell Opportunity • Aug 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₩984. The fair value is estimated to be ₩1,231, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has declined by 70%. Buy Or Sell Opportunity • Jul 28
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₩904. The fair value is estimated to be ₩1,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has declined by 70%. Reported Earnings • Dec 18
Full year 2025 earnings released: EPS: ₩101 (vs ₩114 in FY 2024) Full year 2025 results: EPS: ₩101 (down from ₩114 in FY 2024). Revenue: ₩60.1b (flat on FY 2024). Net income: ₩2.05b (down 11% from FY 2024). Profit margin: 3.4% (down from 3.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Inter-M Corporation, Annual General Meeting, Dec 24, 2025 Inter-M Corporation, Annual General Meeting, Dec 24, 2025, at 09:01 Tokyo Standard Time. Location: auditorium, 73, hwahap-ro 1402beon-gil, gyeonggi-do, yangju South Korea Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: ₩1.00 (vs ₩5.00 in 1Q 2024) First quarter 2025 results: EPS: ₩1.00 (down from ₩5.00 in 1Q 2024). Revenue: ₩12.6b (down 2.5% from 1Q 2024). Net income: ₩21.6m (down 78% from 1Q 2024). Profit margin: 0.2% (down from 0.8% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 19
Full year 2024 earnings released: EPS: ₩114 (vs ₩406 in FY 2023) Full year 2024 results: EPS: ₩114 (down from ₩406 in FY 2023). Revenue: ₩60.3b (up 18% from FY 2023). Net income: ₩2.31b (down 72% from FY 2023). Profit margin: 3.8% (down from 16% in FY 2023). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Inter-M Corporation, Annual General Meeting, Dec 24, 2024 Inter-M Corporation, Annual General Meeting, Dec 24, 2024, at 09:01 Tokyo Standard Time. Location: auditorium, 73, hwahap-ro 1402beon-gil, gyeonggi-do, yangju South Korea Reported Earnings • Dec 21
Full year 2023 earnings released: EPS: ₩406 (vs ₩50.00 in FY 2022) Full year 2023 results: EPS: ₩406 (up from ₩50.00 in FY 2022). Revenue: ₩51.0b (down 13% from FY 2022). Net income: ₩8.23b (up ₩7.22b from FY 2022). Profit margin: 16% (up from 1.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,618, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 17x in the Consumer Durables industry in South Korea. Total loss to shareholders of 15% over the past three years. Reported Earnings • May 18
Second quarter 2023 earnings released: EPS: ₩456 (vs ₩163 loss in 2Q 2022) Second quarter 2023 results: EPS: ₩456 (up from ₩163 loss in 2Q 2022). Revenue: ₩11.5b (down 11% from 2Q 2022). Net income: ₩9.24b (up ₩12.5b from 2Q 2022). Profit margin: 81% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. 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 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 19
First quarter 2023 earnings released: ₩73.00 loss per share (vs ₩6.00 loss in 1Q 2022) First quarter 2023 results: ₩73.00 loss per share (further deteriorated from ₩6.00 loss in 1Q 2022). Revenue: ₩9.76b (down 31% from 1Q 2022). Net loss: ₩1.49b (loss widened ₩1.37b from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 07
Full year 2022 earnings released: EPS: ₩49.73 (vs ₩846 loss in FY 2021) Full year 2022 results: EPS: ₩49.73 (up from ₩846 loss in FY 2021). Revenue: ₩58.7b (up 16% from FY 2021). Net income: ₩1.01b (up ₩18.1b from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). 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 19% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Ho-Soon Park was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 21
Third quarter 2022 earnings released: ₩5.00 loss per share (vs ₩64.00 loss in 3Q 2021) Third quarter 2022 results: ₩5.00 loss per share (up from ₩64.00 loss in 3Q 2021). Revenue: ₩11.8b (up 2.4% from 3Q 2021). Net loss: ₩99.9m (loss narrowed 92% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 18% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Outside Director Ho-Soon Park was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 20
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: ₩6.00 loss per share (up from ₩58.00 loss in 1Q 2021). Revenue: ₩14.1b (down 1.4% from 1Q 2021). Net loss: ₩115.0m (loss narrowed 90% from 1Q 2021). Revenue missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 29% per year. Reported Earnings • Dec 22
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: ₩846 loss per share (up from ₩908 loss in FY 2020). Revenue: ₩50.6b (down 20% from FY 2020). Net loss: ₩17.1b (loss narrowed 7.6% from FY 2020). Revenue missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 23
Third quarter 2021 earnings released: ₩64.00 loss per share (vs ₩30.00 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₩11.5b (down 39% from 3Q 2020). Net loss: ₩1.30b (loss widened 113% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 03
New 90-day high: ₩1,640 The company is up 6.0% from its price of ₩1,540 on 03 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 39% over the same period. Reported Earnings • Feb 20
First quarter 2021 earnings released: ₩58.00 loss per share (vs ₩201 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: ₩14.3b (down 25% from 1Q 2020). Net loss: ₩1.17b (loss narrowed 72% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 18
New 90-day low: ₩1,450 The company is down 18% from its price of ₩1,770 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day low: ₩1,565 The company is down 10.0% from its price of ₩1,730 on 20 August 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: ₩1,580 The company is down 11% from its price of ₩1,785 on 05 August 2020. The South Korean market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: ₩1,660 The company is down 8.0% from its price of ₩1,800 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 Consumer Durables industry, which is up 12% over the same period.