Announcement • Mar 14
iMBC Co.,Ltd., Annual General Meeting, Mar 30, 2026 iMBC Co.,Ltd., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: golden mouse hall, 267, seongam-ro, mapo-gu, seoul South Korea New Risk • Aug 30
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (₩82.2b market cap, or US$59.3m). New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩76.6b market cap, or US$55.0m). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩5,260, the stock trades at a trailing P/E ratio of 61.8x. Average trailing P/E is 11x in the Media industry in South Korea. Total returns to shareholders of 11% over the past three years. Announcement • Mar 15
iMBC Co.,Ltd., Annual General Meeting, Mar 28, 2025 iMBC Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: goldenmouse hall, 267, seongam-ro, mapo-gu, seoul South Korea Buy Or Sell Opportunity • Feb 28
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 69% to ₩3,975. The fair value is estimated to be ₩3,188, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Buy Or Sell Opportunity • Jan 14
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 69% to ₩4,280. The fair value is estimated to be ₩3,248, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩3,330, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 15x in the Media industry in South Korea. Total loss to shareholders of 29% over the past three years. Buy Or Sell Opportunity • Dec 09
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to ₩4,270. The fair value is estimated to be ₩3,207, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩75.6b market cap, or US$53.1m). New Risk • Dec 04
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 9.4% 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 (9.4% average weekly change). Market cap is less than US$100m (₩71.0b market cap, or US$50.1m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩3,085, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩2,640, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 11x in the Media industry in South Korea. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,490, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 12% over the past three years. New Risk • Jun 06
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: 2.7% Last year net profit margin: 5.6% 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. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (₩68.5b market cap, or US$50.2m). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,930, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 54% over the past three years. New Risk • Aug 26
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. Market cap is less than US$100m (₩78.8b market cap, or US$59.6m). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,090, the stock trades at a trailing P/E ratio of 77.9x. Average trailing P/E is 14x in the Media industry in South Korea. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 33% share price gain to ₩4,230, the stock trades at a trailing P/E ratio of 74.4x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩2,850, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 14x in the Media industry in South Korea. Total returns to shareholders of 12% over the past three years. Is New 90 Day High Low • Jan 12
New 90-day high: ₩6,840 The company is up 147% from its price of ₩2,765 on 14 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: ₩3,810 The company is up 47% from its price of ₩2,590 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Nov 27
Market bids up stock over the past week After last week's 17% share price gain to ₩3,255, the stock is trading at a trailing P/E ratio of 30.5x, up from the previous P/E ratio of 26.1x. This compares to an average P/E of 18x in the Media industry in South Korea. Total return to shareholders over the past three years is a loss of 5.5%. Is New 90 Day High Low • Nov 25
New 90-day high: ₩3,055 The company is up 21% from its price of ₩2,520 on 28 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 7.0% over the same period.