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 ₩6,980, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 13x in the Entertainment industry in South Korea. Total loss to shareholders of 51% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩142 (vs ₩205 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩142 (up from ₩205 loss in 3Q 2024). Revenue: ₩92.9b (up 55% from 3Q 2024). Net income: ₩1.71b (up ₩4.19b from 3Q 2024). Profit margin: 1.8% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩114.9b market cap, or US$82.9m). New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩136.6b market cap, or US$98.5m). Reported Earnings • May 20
First quarter 2025 earnings released: ₩26.00 loss per share (vs ₩13.00 loss in 1Q 2024) First quarter 2025 results: ₩26.00 loss per share (further deteriorated from ₩13.00 loss in 1Q 2024). Revenue: ₩58.7b (down 14% from 1Q 2024). Net loss: ₩313.2m (loss widened 92% from 1Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 22
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: ₩130 loss per share (down from ₩514 profit in FY 2023). Revenue: ₩256.4b (down 19% from FY 2023). Net loss: ₩1.57b (down 125% from profit in FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 44%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Feb 25
Daewon Media Co., Ltd., Annual General Meeting, Mar 26, 2025 Daewon Media Co., Ltd., Annual General Meeting, Mar 26, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 55, hangang-daero 23-gil, yongsan-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 23 April 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.0%). New Risk • Dec 09
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. 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 (₩88.6b market cap, or US$62.3m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩205 loss per share (vs ₩239 loss in 3Q 2023) Third quarter 2024 results: ₩205 loss per share (improved from ₩239 loss in 3Q 2023). Revenue: ₩60.0b (flat on 3Q 2023). Net loss: ₩2.48b (loss narrowed 14% from 3Q 2023). Revenue is forecast to grow 19% 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 fallen by 61% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩101.3b market cap, or US$77.0m). Reported Earnings • May 19
First quarter 2024 earnings released: ₩13.00 loss per share (vs ₩409 profit in 1Q 2023) First quarter 2024 results: ₩13.00 loss per share (down from ₩409 profit in 1Q 2023). Revenue: ₩67.8b (down 19% from 1Q 2023). Net loss: ₩162.9m (down 103% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩514 (vs ₩464 in FY 2022) Full year 2023 results: EPS: ₩514 (up from ₩464 in FY 2022). Revenue: ₩316.1b (up 4.2% from FY 2022). Net income: ₩6.21b (up 11% from FY 2022). Profit margin: 2.0% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Dec 20
Upcoming dividend of ₩100.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 19 April 2024. Payout ratio is a comfortable 52% and the cash payout ratio is 90%. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.7%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩239 loss per share (vs ₩18.00 loss in 3Q 2022) Third quarter 2023 results: ₩239 loss per share (further deteriorated from ₩18.00 loss in 3Q 2022). Revenue: ₩59.5b (down 18% from 3Q 2022). Net loss: ₩2.89b (loss widened ₩2.67b from 3Q 2022). Revenue is expected to decline by 9.4% p.a. on average during the next 2 years, while revenues in the Entertainment industry in South Korea are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.3b (US$99.7m) 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (₩135.3b market cap, or US$99.7m). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: ₩409 (vs ₩411 in 1Q 2022) First quarter 2023 results: EPS: ₩409 (down from ₩411 in 1Q 2022). Revenue: ₩84.0b (up 6.4% from 1Q 2022). Net income: ₩4.94b (flat on 1Q 2022). Profit margin: 5.9% (down from 6.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 35% per year. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩16,390, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 36x in the Entertainment industry in South Korea. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩16,130, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 37x in the Entertainment industry in South Korea. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩15,070, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 23x in the Entertainment industry in South Korea. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 17% share price gain to ₩16,250, the stock trades at a trailing P/E ratio of 26.5x. Average forward P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 20% share price gain to ₩14,700, the stock trades at a trailing P/E ratio of 24x. Average forward P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 119% 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. 5 experienced directors. No highly experienced directors. No independent directors (5 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 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩11,650, the stock trades at a trailing P/E ratio of 15.2x. Average forward P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 76% over the past three years. Buying Opportunity • Sep 19
Now 22% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be ₩17,428, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 73%. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩12,950, the stock trades at a trailing P/E ratio of 18.4x. Average forward P/E is 20x in the Entertainment industry in South Korea. Total returns to shareholders of 57% 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. 5 experienced directors. No highly experienced directors. No independent directors (5 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 • Nov 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩22,000, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the Entertainment industry in South Korea. Total returns to shareholders of 116% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₩135 (vs ₩159 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩63.1b (down 9.6% from 3Q 2020). Net income: ₩1.65b (down 14% from 3Q 2020). Profit margin: 2.6% (down from 2.8% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 33% share price decline to ₩32,100, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Entertainment industry in South Korea. Total returns to shareholders of 250% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩26,073 per share. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 17% share price gain to ₩42,000, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 335% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 22% share price gain to ₩39,500, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 364% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₩39,500, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 408% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₩36,350, the stock trades at a forward P/E ratio of 81x. Average forward P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 296% over the past three years. Reported Earnings • May 20
First quarter 2021 earnings released: EPS ₩176 (vs ₩22.00 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩76.2b (up 39% from 1Q 2020). Net income: ₩2.12b (up ₩2.40b from 1Q 2020). Profit margin: 2.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 53% share price gain to ₩22,050, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,449 per share. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to ₩12,550, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩9,200 per share. Is New 90 Day High Low • Feb 05
New 90-day high: ₩11,350 The company is up 75% from its price of ₩6,480 on 06 November 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 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩9,351 per share. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 34% share price gain to ₩11,350, the stock is trading at a trailing P/E ratio of 48.9x, up from the previous P/E ratio of 36.6x. This compares to an average P/E of 30x in the Entertainment industry in South Korea. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Jan 19
New 90-day high: ₩9,350 The company is up 39% from its price of ₩6,750 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. Is New 90 Day High Low • Dec 30
New 90-day high: ₩9,300 The company is up 36% from its price of ₩6,820 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is flat over the same period. Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 16% share price gain to ₩8,260, the stock is trading at a trailing P/E ratio of 35.6x, up from the previous P/E ratio of 30.6x. This compares to an average P/E of 24x in the Entertainment industry in South Korea. Total return to shareholders over the past three years is a loss of 6.7%. Is New 90 Day High Low • Nov 26
New 90-day high: ₩7,490 The company is up 9.0% from its price of ₩6,850 on 28 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 5.0% over the same period. Reported Earnings • Nov 18
Third quarter 2020 earnings released: EPS ₩159 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩69.8b (up 87% from 3Q 2019). Net income: ₩1.93b (up ₩2.10b from 3Q 2019). Profit margin: 2.8% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.