Buy Or Sell Opportunity • May 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to ₩4,740. The fair value is estimated to be ₩6,160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 17%. Announcement • Mar 17
Actoz Soft Co.,Ltd., Annual General Meeting, Mar 31, 2026 Actoz Soft Co.,Ltd., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 205, toegye-ro, jung-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,985, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 13x in the Entertainment industry in South Korea. Total loss to shareholders of 41% over the past three years. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩2,390 (vs ₩1,611 in 3Q 2024) Third quarter 2025 results: EPS: ₩2,390 (up from ₩1,611 in 3Q 2024). Revenue: ₩34.8b (down 16% from 3Q 2024). Net income: ₩26.1b (up 48% from 3Q 2024). Profit margin: 75% (up from 43% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% 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: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (₩68.0b market cap, or US$49.5m). New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings have declined by 0.5% 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 0.5% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (₩70.1b market cap, or US$47.8m). Announcement • Mar 13
Actoz Soft Co.,Ltd., Annual General Meeting, Mar 28, 2025 Actoz Soft Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 205, toegye-ro, jung-gu, seoul South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩7,300, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 25x in the Entertainment industry in South Korea. Total loss to shareholders of 47% over the past three years. New Risk • Dec 02
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: 20% Last year net profit margin: 37% 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 (20% net profit margin). Market cap is less than US$100m (₩75.2b market cap, or US$53.5m). 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 (₩73.3b market cap, or US$55.7m). New Risk • Nov 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 110% 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 (17% average weekly change). High level of non-cash earnings (110% accrual ratio). Minor Risk Market cap is less than US$100m (₩107.5b market cap, or US$82.8m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩9,280, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 29x in the Entertainment industry in South Korea. Total loss to shareholders of 20% over the past three years. New Risk • Nov 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (₩111.8b market cap, or US$85.1m). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to ₩10,230, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 31x in the Entertainment industry in South Korea. Total loss to shareholders of 9.5% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩7,130, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 32x in the Entertainment industry in South Korea. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩8,360, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 29x in the Entertainment industry in South Korea. Total loss to shareholders of 45% over the past three years. Buying Opportunity • Mar 10
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩10,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 24%. Buying Opportunity • Jan 17
Now 22% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be ₩10,728, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 24%. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 21% share price gain to ₩8,640, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total loss to shareholders of 26% 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,830, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 15x in the Entertainment industry in South Korea. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩6,850, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total loss to shareholders of 40% 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 ₩9,340, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total loss to shareholders of 38% over the past three years. 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 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. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 32% share price gain to ₩17,700, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 39x in the Entertainment industry in South Korea. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩13,400, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 46x in the Entertainment industry in South Korea. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 36% share price gain to ₩13,550, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 41x in the Entertainment industry in South Korea. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩9,830, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 43x in the Entertainment industry in South Korea. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 19% share price gain to ₩14,800, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 37x in the Entertainment industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 18% share price gain to ₩10,150, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 35x in the Entertainment industry in South Korea. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS ₩1,428 (vs ₩1,897 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: ₩47.5b (down 24% from FY 2019). Net income: ₩15.6b (down 25% from FY 2019). Profit margin: 33% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 24
New 90-day low: ₩8,580 The company is down 26% from its price of ₩11,550 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: ₩8,850 The company is down 29% from its price of ₩12,550 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: ₩9,450 The company is down 22% from its price of ₩12,050 on 25 September 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market pulls back on stock over the past week After last week's 20% share price decline to ₩9,920, the stock is trading at a trailing P/E ratio of 5.7x, down from the previous P/E ratio of 7.1x. This compares to an average P/E of 20x in the Entertainment industry in South Korea. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Dec 07
New 90-day low: ₩10,100 The company is down 45% from its price of ₩18,350 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: ₩11,250 The company is down 4.0% from its price of ₩11,700 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 1.0% over the same period. Announcement • Jul 30
Shengqu Technology International (Pte.) Ltd completed the acquisition of 7.4% stake in Eyedentity Games, Inc. from Actoz Soft Co.,Ltd. (KOSDAQ:A052790). Shengqu Technology International (Pte.) Ltd agreed to acquire 7.4% stake in Eyedentity Games, Inc. from Actoz Soft Co.,Ltd. (KOSDAQ:A052790) for KRW 10.9 billion on March 16, 2020. Shengqu Technology International will acquire 192,560 shares. For the year ended December 31, 2019, Eyedentity Games had revenues of 59.32 billion and net income of KRW 24.25 billion. As at December 31, 2019, Eyedentity Games had total assets of KRW 66.37 billion. The transaction is expected to complete on March 31, 2020. As of April 1, 2020, the transaction is expected to complete within April 20, 2020.
Shengqu Technology International (Pte.) Ltd completed the acquisition of 7.4% stake in Eyedentity Games, Inc. from Actoz Soft Co.,Ltd. (KOSDAQ:A052790) on April 16, 2020.