New Risk • May 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₩61,000. The fair value is estimated to be ₩77,949, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of ₩877 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (0.7%). Announcement • Mar 12
JYP Entertainment Corporation, Annual General Meeting, Mar 26, 2026 JYP Entertainment Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: auditorium, 207, gangdong-daero, gangdong-gu, seoul South Korea Announcement • Mar 11
JYP Entertainment Corporation announces Annual dividend, payable on April 24, 2026 JYP Entertainment Corporation announced Annual dividend of KRW 877.0000 per share payable on April 24, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩58,100, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Entertainment industry in South Korea. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩73,215 per share. Buy Or Sell Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₩58,100. The fair value is estimated to be ₩73,215, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are forecast to decline by 4.9% per annum over the same time period. Buy Or Sell Opportunity • Nov 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₩63,000. The fair value is estimated to be ₩79,765, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are forecast to decline by 6.6% per annum over the same time period. Major Estimate Revision • Nov 14
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from ₩763.9m to ₩779.4m. EPS estimate fell from ₩4,986 to ₩4,298 per share. Net income forecast to shrink 16% next year vs 28% growth forecast for Entertainment industry in South Korea . Consensus price target broadly unchanged at ₩92,560. Share price fell 3.5% to ₩69,500 over the past week. New Risk • Aug 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. High level of non-cash earnings (73% accrual ratio). Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩83,100, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩80,523 per share. Announcement • Jul 31
JYP Entertainment Corporation to Report Q2, 2025 Results on Aug 13, 2025 JYP Entertainment Corporation announced that they will report Q2, 2025 results on Aug 13, 2025 Major Estimate Revision • May 15
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from ₩701.6m to ₩737.2m. EPS estimate increased from ₩3,673 to ₩4,442 per share. Net income forecast to grow 54% next year vs 81% growth forecast for Entertainment industry in South Korea. Consensus price target broadly unchanged at ₩84,125. Share price rose 5.9% to ₩74,000 over the past week. Major Estimate Revision • Apr 21
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩3,257 to ₩3,648. Revenue forecast steady at ₩700.3m. Net income forecast to grow 25% next year vs 57% growth forecast for Entertainment industry in South Korea. Consensus price target broadly unchanged at ₩83,625. Share price rose 5.0% to ₩62,500 over the past week. Major Estimate Revision • Apr 15
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from ₩3,253 to ₩3,584. Revenue forecast steady at ₩699.4m. Net income forecast to grow 23% next year vs 57% growth forecast for Entertainment industry in South Korea. Consensus price target broadly unchanged at ₩83,826. Share price rose 3.0% to ₩61,700 over the past week. Announcement • Mar 25
SM Entertainment Co., Ltd. (KOSDAQ:A041510) completed the acquisition of 8.05% stake in DEAR U Co., LTD. (KOSDAQ:A376300) from JYP Entertainment Corporation (KOSDAQ:A035900). SM Entertainment Co., Ltd. (KOSDAQ:A041510) agreed to acquire 8.05% stake in DEAR U Co., LTD. (KOSDAQ:A376300) from JYP Entertainment Corporation (KOSDAQ:A035900) for KRW 95.6 billion on February 21, 2025. A cash consideration of KRW 95.57 billion will be paid by SM Entertainment Co., Ltd. As part of consideration, KRW 95.57 billion is paid towards common equity of DEAR U Co., LTD.
SM Entertainment Co., Ltd. (KOSDAQ:A041510) completed the acquisition of 8.05% stake in DEAR U Co., LTD. (KOSDAQ:A376300) from JYP Entertainment Corporation (KOSDAQ:A035900) on March 24, 2025. Reported Earnings • Mar 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₩2,951 (down from ₩3,186 in FY 2023). Revenue: ₩601.8b (up 6.2% from FY 2023). Net income: ₩97.8b (down 7.3% from FY 2023). Profit margin: 16% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₩63,000. The fair value is estimated to be ₩80,696, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩70,300, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩126,074 per share. Announcement • Mar 08
JYP Entertainment Corporation, Annual General Meeting, Mar 25, 2025 JYP Entertainment Corporation, Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 207, gangdong-daero, gangdong-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩574 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 April 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.0%). Buy Or Sell Opportunity • Dec 03
Now 22% undervalued Over the last 90 days, the stock has risen 64% to ₩75,300. The fair value is estimated to be ₩96,288, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩64,000, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Entertainment industry in South Korea. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩98,914 per share. Major Estimate Revision • Nov 14
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩567.3m to ₩580.4m. EPS estimate increased from ₩2,682 to ₩3,041 per share. Net income forecast to grow 56% next year vs 32% growth forecast for Entertainment industry in South Korea. Consensus price target broadly unchanged at ₩70,348. Share price rose 5.2% to ₩56,800 over the past week. Price Target Changed • Aug 19
Price target decreased by 7.5% to ₩77,727 Down from ₩84,045, the current price target is an average from 22 analysts. New target price is 55% above last closing price of ₩50,300. Stock is down 54% over the past year. The company is forecast to post earnings per share of ₩3,078 for next year compared to ₩3,186 last year. Reported Earnings • Aug 17
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₩43.00 (down from ₩772 in 2Q 2023). Revenue: ₩95.7b (down 37% from 2Q 2023). Net income: ₩1.43b (down 94% from 2Q 2023). Profit margin: 1.5% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 94%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 14
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩595.5m to ₩583.2m. EPS estimate also fell from ₩3,482 per share to ₩3,130 per share. Net income forecast to grow 18% next year vs 29% growth forecast for Entertainment industry in South Korea. Consensus price target down from ₩86,042 to ₩80,565. Share price fell 11% to ₩50,300 over the past week. Price Target Changed • Jul 21
Price target decreased by 8.5% to ₩88,273 Down from ₩96,458, the current price target is an average from 22 analysts. New target price is 50% above last closing price of ₩59,000. Stock is down 56% over the past year. The company is forecast to post earnings per share of ₩3,711 for next year compared to ₩3,186 last year. Price Target Changed • Jun 08
Price target decreased by 7.4% to ₩97,250 Down from ₩105,043, the current price target is an average from 24 analysts. New target price is 67% above last closing price of ₩58,100. Stock is down 56% over the past year. The company is forecast to post earnings per share of ₩3,750 for next year compared to ₩3,186 last year. Price Target Changed • May 28
Price target decreased by 8.0% to ₩101,750 Down from ₩110,591, the current price target is an average from 25 analysts. New target price is 68% above last closing price of ₩60,500. Stock is down 50% over the past year. The company is forecast to post earnings per share of ₩3,760 for next year compared to ₩3,186 last year. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: ₩956 (vs ₩1,253 in 1Q 2023) First quarter 2024 results: EPS: ₩956 (down from ₩1,253 in 1Q 2023). Revenue: ₩136.5b (up 16% from 1Q 2023). Net income: ₩31.7b (down 24% from 1Q 2023). Profit margin: 23% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 12
Consensus revenue estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩630.9m to ₩703.8m. EPS estimate unchanged from ₩4,021 at last update. Entertainment industry in South Korea expected to see average net income growth of 28% next year. Consensus price target of ₩110,500 unchanged from last update. Share price was steady at ₩69,300 over the past week. Reported Earnings • Mar 21
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₩3,186 (up from ₩2,039 in FY 2022). Revenue: ₩566.5b (up 64% from FY 2022). Net income: ₩105.5b (up 56% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 20
Price target decreased by 7.7% to ₩121,909 Down from ₩132,136, the current price target is an average from 22 analysts. New target price is 80% above last closing price of ₩67,600. Stock is down 1.0% over the past year. The company is forecast to post earnings per share of ₩3,989 for next year compared to ₩2,039 last year. Major Estimate Revision • Mar 20
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ₩4,611 to ₩4,128 per share. Revenue forecast steady at ₩643.5m. Net income forecast to grow 22% next year vs 22% growth forecast for Entertainment industry in South Korea. Consensus price target down from ₩126,843 to ₩124,182. Share price fell 5.2% to ₩67,500 over the past week. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩82,000, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Entertainment industry in South Korea. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩130,687 per share. Buying Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.3%. The fair value is estimated to be ₩130,854, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Upcoming Dividend • Dec 20
Upcoming dividend of ₩369 per share at 0.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 25 April 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.7%). Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₩1,043 (up from ₩677 in 3Q 2022). Revenue: ₩139.7b (up 47% from 3Q 2022). Net income: ₩34.5b (up 54% from 3Q 2022). Profit margin: 25% (up from 24% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be ₩126,662, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 54% in 2 years. Earnings is forecast to grow by 70% in the next 2 years. New Risk • Jul 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 8.3% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Jul 20
Price target increased by 8.2% to ₩143,105 Up from ₩132,316, the current price target is an average from 19 analysts. New target price is 7.1% above last closing price of ₩133,600. Stock is up 136% over the past year. The company is forecast to post earnings per share of ₩4,063 for next year compared to ₩2,039 last year. Price Target Changed • Jun 15
Price target increased by 7.3% to ₩125,250 Up from ₩116,762, the current price target is an average from 20 analysts. New target price is 8.6% below last closing price of ₩137,000. Stock is up 150% over the past year. The company is forecast to post earnings per share of ₩3,775 for next year compared to ₩2,039 last year. Price Target Changed • Jun 12
Price target increased by 8.6% to ₩119,762 Up from ₩110,300, the current price target is an average from 21 analysts. New target price is 9.5% below last closing price of ₩132,400. Stock is up 135% over the past year. The company is forecast to post earnings per share of ₩3,733 for next year compared to ₩2,039 last year. Price Target Changed • May 31
Price target increased by 8.5% to ₩108,158 Up from ₩99,667, the current price target is an average from 19 analysts. New target price is 11% below last closing price of ₩122,000. Stock is up 114% over the past year. The company is forecast to post earnings per share of ₩3,687 for next year compared to ₩2,039 last year. Major Estimate Revision • May 22
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩479.7m to ₩532.8m. EPS estimate increased from ₩2,979 to ₩3,865 per share. Net income forecast to grow 42% next year vs 88% growth forecast for Entertainment industry in South Korea. Consensus price target up from ₩91,647 to ₩99,667. Share price rose 19% to ₩114,100 over the past week. Reported Earnings • May 20
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: ₩1,253 (up from ₩503 in 1Q 2022). Revenue: ₩118.0b (up 74% from 1Q 2022). Net income: ₩41.5b (up 149% from 1Q 2022). Profit margin: 35% (up from 25% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 20
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: ₩1,253 (up from ₩503 in 1Q 2022). Revenue: ₩118.0b (up 74% from 1Q 2022). Net income: ₩41.5b (up 149% from 1Q 2022). Profit margin: 35% (up from 25% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 17
Price target increased by 8.8% to ₩99,667 Up from ₩91,647, the current price target is an average from 18 analysts. New target price is 17% below last closing price of ₩119,500. Stock is up 110% over the past year. The company is forecast to post earnings per share of ₩3,187 for next year compared to ₩2,039 last year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩115,400, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 25x in the Entertainment industry in South Korea. Total returns to shareholders of 388% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩78,823 per share. Price Target Changed • May 13
Price target increased by 7.7% to ₩91,647 Up from ₩85,059, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of ₩94,300. Stock is up 72% over the past year. The company is forecast to post earnings per share of ₩2,979 for next year compared to ₩2,039 last year. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩88,300, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Entertainment industry in South Korea. Total returns to shareholders of 331% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩77,182 per share. Major Estimate Revision • Mar 27
Consensus revenue estimates increase by 19% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from ₩357.5m to ₩426.7m. EPS estimate increased from ₩2,764 to ₩3,153 per share. Net income forecast to grow 42% next year vs 30% growth forecast for Entertainment industry in South Korea. Consensus price target of ₩82,824 unchanged from last update. Share price rose 2.9% to ₩72,100 over the past week. Reported Earnings • Mar 26
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₩2,039 (up from ₩2,038 in FY 2021). Revenue: ₩345.9b (up 78% from FY 2021). Net income: ₩67.5b (flat on FY 2021). Profit margin: 20% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 14
Consensus revenue estimates decrease by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₩410.0m to ₩357.5m. EPS estimate unchanged at ₩2,706 per share. Net income forecast to grow 1.2% next year vs 3.8% decline forecast for Entertainment industry in South Korea. Consensus price target of ₩82,263 unchanged from last update. Share price fell 8.2% to ₩71,500 over the past week. Buying Opportunity • Feb 06
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be ₩89,976, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Upcoming Dividend • Dec 21
Upcoming dividend of ₩369 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 25 April 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.2%). Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩311.2m to ₩329.9m. EPS estimate increased from ₩2,057 to ₩2,354 per share. Net income forecast to shrink 6.3% next year vs 3.8% decline forecast for Entertainment industry in South Korea. Consensus price target broadly unchanged at ₩77,512. Share price rose 7.7% to ₩60,300 over the past week. 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. 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: Insufficient board refreshment. 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. 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: Insufficient board refreshment. Major Estimate Revision • Mar 22
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from ₩241.3m to ₩244.2m. EPS estimate increased from ₩1,636 to ₩1,875 per share. Net income forecast to grow 37% next year vs 78% growth forecast for Entertainment industry in South Korea. Consensus price target broadly unchanged at ₩64,262. Share price rose 6.2% to ₩56,300 over the past week. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩38,350, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 35% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩154 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (0.8%). Price Target Changed • Nov 19
Price target increased to ₩56,376 Up from ₩52,222, the current price target is an average from 18 analysts. New target price is 9.5% above last closing price of ₩51,500. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₩1,258 for next year compared to ₩892 last year. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 19% share price gain to ₩48,950, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 28x in the Entertainment industry in South Korea. Total returns to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩49,128 per share. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to ₩44,850, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩45,241 per share. 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 ₩38,250, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩43,385 per share. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS ₩892 (vs ₩947 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₩144.4b (down 7.1% from FY 2019). Net income: ₩29.5b (down 5.6% from FY 2019). Profit margin: 21% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.