New Risk • Apr 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩6.6b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩6.6b free cash flow). Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩33.1b market cap, or US$21.9m). Announcement • Mar 17
ES Cube Co., Ltd., Annual General Meeting, Mar 31, 2026 ES Cube Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 12, sapyeong-daero 58-gil, seocho-gu, seoul South Korea Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,830, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 11x in the Leisure industry in South Korea. Total loss to shareholders of 27% over the past three years. New Risk • Aug 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (₩32.7b market cap, or US$23.5m). New Risk • Aug 12
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 11% 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 Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩37.2b market cap, or US$26.8m). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩2,225, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 22x in the Leisure industry in South Korea. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩2,930, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 11x in the Leisure industry in South Korea. Total loss to shareholders of 34% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩68.00 (vs ₩2,086 loss in FY 2023) Full year 2024 results: EPS: ₩68.00 (up from ₩2,086 loss in FY 2023). Revenue: ₩16.2b (down 75% from FY 2023). Net income: ₩909.5m (up ₩28.8b from FY 2023). Profit margin: 5.6% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
ES Cube Co., Ltd., Annual General Meeting, Mar 31, 2025 ES Cube Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 12, sapyeong-daero 58-gil, seocho-gu, seoul South Korea Buy Or Sell Opportunity • Feb 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to ₩2,100. The fair value is estimated to be ₩1,745, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 11
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to ₩2,255. The fair value is estimated to be ₩1,795, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 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 10% 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 Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩28.7b market cap, or US$21.7m). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,300, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 17x in the Leisure industry in Asia. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 19% share price gain to ₩5,050, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 6x in the Leisure industry in South Korea. Total loss to shareholders of 48% 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Board Change • Nov 03
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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Is New 90 Day High Low • Jan 25
New 90-day low: ₩5,300 The company is down 5.0% from its price of ₩5,580 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 1.0% over the same period. Announcement • Jul 21
JF Financial Industry's No. 1 Corporation completed the acquisition of 16.09% stake in Liveplex Co.,Ltd. (KOSDAQ:A050120) from Byeongjin Kim. JF Financial Industry's No. 1 Corporation signed a stock trading agreement to acquire 16.09% stake in Liveplex Co.,Ltd. (KOSDAQ:A050120) from Byeongjin Kim for KRW 42.7 billion on July 10, 2020. As reported, Byeongjin Kim transferred 13.4 million shares in Liveplex Co.,Ltd. at a price of KRW 3,184 per share. The purchase price will be paid as KRW 8.5 billion on contract date, first balance of KRW 22.4 billion to be paid on July 17, 2020 and second balance of KRW 11.7 billion to be paid on July 29, 2020. Following the sale, Byeongjin Kim will hold no stake in Liveplex Co.,Ltd. The transaction is expected to close on July 17, 2020.
JF Financial Industry's No. 1 Corporation completed the acquisition of 16.09% stake in Liveplex Co.,Ltd. (KOSDAQ:A050120) from Byeongjin Kim on July 17, 2020. Announcement • Jul 18
Liveplex Co.,Ltd. (KOSDAQ:A050120) acquired a 30.2% stake in Taeil Co., Ltd. from Livefinancial Co.,Ltd. (KOSDAQ:A036170) for KRW 26.5 billion. Liveplex Co.,Ltd. (KOSDAQ:A050120) signed a stock purchase agreement to acquire 30.2% stake in Taeil Co., Ltd. from Livefinancial Co.,Ltd. (KOSDAQ:A036170) for KRW 26.5 billion on July 16, 2020. The consideration price paid in cash. As part of the transaction, Livefinancial Co.,Ltd. sold 296,003 shares of Taeil Co., Ltd. to Liveplex Co.,Ltd. at KRW 89,400 per share.
Liveplex Co.,Ltd. (KOSDAQ:A050120) completed the acquisition of a 30.2% stake in Taeil Co., Ltd. from Livefinancial Co.,Ltd. (KOSDAQ:A036170) on July 16, 2020.