New Risk • Jun 19
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 13% 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 Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩30.2b market cap, or US$19.6m). Announcement • Jun 19
Samhwa Networks Co., Ltd. (KOSDAQ:A046390) announces an Equity Buyback for KRW 2,000 million worth of its shares. Samhwa Networks Co., Ltd. (KOSDAQ:A046390) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 2,000 million worth of its shares under the contract with NH Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until December 18, 2026. As of June 17, 2026, the company had 2,052,040 shares in treasury under the dividend capacity and 2,656 shares in treasury under other buyback. Board Change • May 26
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 21
Full year 2025 earnings released: ₩22.00 loss per share (vs ₩47.00 profit in FY 2024) Full year 2025 results: ₩22.00 loss per share (down from ₩47.00 profit in FY 2024). Revenue: ₩37.3b (down 20% from FY 2024). Net loss: ₩872.1m (down 147% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
Samhwa Networks Co., Ltd., Annual General Meeting, Mar 27, 2026 Samhwa Networks Co., Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 8, maebongsan-ro 2an-gil, mapo-gu, seoul South Korea Announcement • Mar 05
Samhwa Networks Co., Ltd. (KOSDAQ:A046390) announces an Equity Buyback for KRW 1,500 million worth of its shares. Samhwa Networks Co., Ltd. (KOSDAQ:A046390) announces a share repurchase program. Under the program, the company will repurchase shares up to KRW 1,500 million worth of its shares under the contract with Hyundai Motor Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will be valid until September 4, 2026. As of March 4, 2026, the company had 3,583,547 shares in treasury under the dividend capacity and no shares in treasury under other buyback. New Risk • Nov 21
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₩2.5b (US$1.7m) This is considered a minor risk. Companies with a small amount of revenue 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₩2.5b revenue, or US$1.7m). Market cap is less than US$100m (₩49.6b market cap, or US$33.7m). New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 5.4% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (₩64.8b market cap, or US$46.8m). New Risk • Aug 19
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 9.1% 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 (9.1% average weekly change). Market cap is less than US$100m (₩63.3b market cap, or US$45.6m). Announcement • Mar 05
Samhwa Networks Co., Ltd., Annual General Meeting, Mar 28, 2025 Samhwa Networks Co., Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 8, maebongsan-ro 2an-gil, mapo-gu, seoul South Korea New Risk • Nov 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (₩56.6b market cap, or US$40.5m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩13.00 (vs ₩112 in 3Q 2023) Third quarter 2024 results: EPS: ₩13.00 (down from ₩112 in 3Q 2023). Revenue: ₩12.1b (down 38% from 3Q 2023). Net income: ₩535.4m (down 88% from 3Q 2023). Profit margin: 4.4% (down from 23% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩1,730, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total loss to shareholders of 59% over the past three years. 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 ₩1,410, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 20x in the Entertainment industry in South Korea. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,860, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 21x in the Entertainment industry in South Korea. Total loss to shareholders of 47% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: ₩41.00 (vs ₩46.00 loss in 1Q 2023) First quarter 2024 results: EPS: ₩41.00 (up from ₩46.00 loss in 1Q 2023). Revenue: ₩18.7b (up 70% from 1Q 2023). Net income: ₩1.65b (up ₩3.48b from 1Q 2023). Profit margin: 8.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Nov 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% 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 (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (₩75.0b market cap, or US$58.1m). New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (₩75.3b market cap, or US$56.9m). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,884, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 29x in the Entertainment industry in South Korea. Total returns to shareholders of 39% over the past three years. Reported Earnings • May 18
First quarter 2023 earnings released: ₩46.00 loss per share (vs ₩38.00 profit in 1Q 2022) First quarter 2023 results: ₩46.00 loss per share (down from ₩38.00 profit in 1Q 2022). Revenue: ₩11.0b (down 9.2% from 1Q 2022). Net loss: ₩1.82b (down 221% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,925, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 36x in the Entertainment industry in South Korea. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 18% share price gain to ₩3,350, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 129% over the past three years. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,640, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩3,340, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Entertainment industry in South Korea. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,800, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Entertainment industry in South Korea. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₩3,410, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩3,365, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Entertainment industry in South Korea. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ₩38.00 (vs ₩4.00 loss in 1Q 2021) First quarter 2022 results: EPS: ₩38.00 (up from ₩4.00 loss in 1Q 2021). Revenue: ₩12.1b (up 254% from 1Q 2021). Net income: ₩1.51b (up ₩1.68b from 1Q 2021). Profit margin: 12% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 131%, compared to a 33% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,350, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 112% over the past three years. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 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: Lack of independent directors. Insufficient board refreshment. Is New 90 Day High Low • Mar 10
New 90-day high: ₩4,940 The company is up 193% from its price of ₩1,685 on 10 December 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₩3,740, the stock is trading at a trailing P/E ratio of 71.3x, down from the previous P/E ratio of 90.6x. This compares to an average P/E of 25x in the Entertainment industry in South Korea. Total returns to shareholders over the past three years are 110%. Is New 90 Day High Low • Feb 09
New 90-day high: ₩4,845 The company is up 245% from its price of ₩1,405 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 26% share price gain to ₩2,620, the stock is trading at a trailing P/E ratio of 49.9x, up from the previous P/E ratio of 39.7x. This compares to an average P/E of 23x in the Entertainment industry in South Korea. Total returns to shareholders over the past three years are 63%. Is New 90 Day High Low • Jan 19
New 90-day high: ₩2,275 The company is up 56% from its price of ₩1,455 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 Entertainment industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 35% share price gain to ₩2,080, the stock is trading at a trailing P/E ratio of 39.6x, up from the previous P/E ratio of 29.3x. This compares to an average P/E of 21x in the Entertainment industry in South Korea. Total returns to shareholders over the past three years are 53%. Is New 90 Day High Low • Dec 29
New 90-day high: ₩2,080 The company is up 42% from its price of ₩1,460 on 29 September 2020. The South Korean market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₩1,650 The company is up 9.0% from its price of ₩1,520 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 7.0% over the same period. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 20% share price gain to ₩1,650, the stock is trading at a trailing P/E ratio of 32.7x, up from the previous P/E ratio of 27.2x. This compares to an average P/E of 20x in the Entertainment industry in South Korea. Total returns to shareholders over the past three years are 19%.