New Risk • Apr 29
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 15% 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: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). 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 (15% average weekly change). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₩13,010, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Leisure industry in South Korea. Total returns to shareholders of 80% over the past three years. Announcement • Mar 13
Aurora World Corporation, Annual General Meeting, Mar 30, 2026 Aurora World Corporation, Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 626, teheran-ro, gangnam-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩12,980, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 7x in the Leisure industry in South Korea. Total returns to shareholders of 75% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩180 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 24 April 2026. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (2.2%). New Risk • Nov 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩147.1b (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: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). 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 (₩147.1b market cap, or US$99.6m). New Risk • Nov 18
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: 1.2% 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: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 18
Aurora World Corporation announced that it has received KRW 17 billion in funding from Ds Investment & Securities Co.,Ltd., Daol Investment & Securities Co., Ltd. and other investors On November 17, 2025, Aurora World Corporation closed the transaction. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ₩17,210, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 10x in the Leisure industry in South Korea. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩21,150, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 10x in the Leisure industry in South Korea. Total returns to shareholders of 201% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩24,800, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 10x in the Leisure industry in South Korea. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩18,630, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Leisure industry in South Korea. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩20,350, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 18x in the Leisure industry in South Korea. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩16,110, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 22x in the Leisure industry in South Korea. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩19,160, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 22x in the Leisure industry in South Korea. Total returns to shareholders of 146% over the past three years. New Risk • Jun 26
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 9.6% 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: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩95.7b market cap, or US$70.7m). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩7,900, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 15x in the Leisure industry in South Korea. Total returns to shareholders of 5.4% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: ₩635 (vs ₩703 in FY 2023) Full year 2024 results: EPS: ₩635 (down from ₩703 in FY 2023). Revenue: ₩275.7b (up 19% from FY 2023). Net income: ₩6.30b (down 11% from FY 2023). Profit margin: 2.3% (down from 3.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Leisure industry in Asia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 06
Aurora World Corporation, Annual General Meeting, Mar 25, 2025 Aurora World Corporation, Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 626, teheran-ro, gangnam-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 April 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.9%). New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (₩55.3b market cap, or US$41.5m). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: ₩703 (vs ₩719 in FY 2022) Full year 2023 results: EPS: ₩703 (down from ₩719 in FY 2022). Revenue: ₩232.6b (flat on FY 2022). Net income: ₩7.11b (down 3.0% from FY 2022). Profit margin: 3.1% (down from 3.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩120 per share at 1.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 26 April 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (2.3%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩120 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.9%). Announcement • Jul 13
Aurora World Corporation (KOSDAQ:A039830) announces an Equity Buyback for KRW 1,000 million worth of its shares. Aurora World Corporation (KOSDAQ:A039830) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Mirae Asset Securities. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price. The repurchase program will expire on September 12, 2022. As of July 11, 2022, the company had 509,176 shares within scope available for dividend and had no shares in treasury through other repurchase. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. Payout ratio is a comfortable 7.3% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.4%). Is New 90 Day High Low • Feb 18
New 90-day high: ₩10,400 The company is up 13% from its price of ₩9,180 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is down 27% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩200 Per Share Will be paid on the 29th of April to those who are registered shareholders by the 29th of December. The trailing yield of 2.1% is below the top quartile of South Korean dividend payers (2.6%), but it is higher than industry peers (1.4%). Is New 90 Day High Low • Dec 17
New 90-day high: ₩9,970 The company is up 1.0% from its price of ₩9,900 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is down 17% over the same period.