Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩85.00 (vs ₩61.00 in FY 2024) Full year 2025 results: EPS: ₩85.00 (up from ₩61.00 in FY 2024). Revenue: ₩68.5b (flat on FY 2024). Net income: ₩11.2b (up 39% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 10
Korea New Network Co., Ltd., Annual General Meeting, Mar 24, 2026 Korea New Network Co., Ltd., Annual General Meeting, Mar 24, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 30, centum seo-ro, haeundae-gu, busan South Korea Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩856, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 2.7% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 20 April 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (5.0%). New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 0.4% per year over the past 5 years. 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 (₩92.4b market cap, or US$62.7m). Declared Dividend • Nov 08
Dividend of ₩20.00 announced Dividend of ₩20.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 20th April 2026 Dividend yield will be 2.8%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
Korea New Network Co., Ltd. announces Annual dividend, payable on April 20, 2026 Korea New Network Co., Ltd. announced Annual dividend of KRW 20.0000 per share payable on April 20, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩948, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 11x in the Media industry in South Korea. Total loss to shareholders of 24% over the past three years. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: ₩61.00 (vs ₩63.00 in FY 2023) Full year 2024 results: EPS: ₩61.00 (down from ₩63.00 in FY 2023). Revenue: ₩68.9b (up 4.2% from FY 2023). Net income: ₩8.06b (down 3.8% from FY 2023). Profit margin: 12% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Mar 07
Korea New Network Co., Ltd., Annual General Meeting, Mar 21, 2025 Korea New Network Co., Ltd., Annual General Meeting, Mar 21, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 30, centum seo-ro, haeundae-gu, busan South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 21 April 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%). Buy Or Sell Opportunity • Dec 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₩906. The fair value is estimated to be ₩741, 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 declined by 7.8%. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩884, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 31% over the past three years. 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. Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩105.4b market cap, or US$74.1m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩29.00 (vs ₩29.00 in 2Q 2023) Second quarter 2024 results: EPS: ₩29.00 (in line with 2Q 2023). Revenue: ₩18.7b (up 7.2% from 2Q 2023). Net income: ₩3.78b (down 2.4% from 2Q 2023). Profit margin: 20% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩8.00 (vs ₩9.00 in 1Q 2023) First quarter 2024 results: EPS: ₩8.00 (down from ₩9.00 in 1Q 2023). Revenue: ₩11.5b (flat on 1Q 2023). Net income: ₩1.01b (down 14% from 1Q 2023). Profit margin: 8.8% (down from 10% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: ₩63.00 (vs ₩56.00 in FY 2022) Full year 2023 results: EPS: ₩63.00 (up from ₩56.00 in FY 2022). Revenue: ₩66.1b (flat on FY 2022). Net income: ₩8.38b (up 13% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. New Risk • Jan 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.4b (US$99.1m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (₩133.4b market cap, or US$99.1m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,017, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 54% over the past three years. New Risk • Nov 22
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 8.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,150, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,056, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 46% over the past three years. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: ₩9.00 (vs ₩9.00 in 1Q 2022) First quarter 2023 results: EPS: ₩9.00 (in line with 1Q 2022). Revenue: ₩11.5b (down 9.8% from 1Q 2022). Net income: ₩1.17b (flat on 1Q 2022). Profit margin: 10% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: ₩56.00 (vs ₩69.00 in FY 2021) Full year 2022 results: EPS: ₩56.00 (down from ₩69.00 in FY 2021). Revenue: ₩66.0b (up 1.5% from FY 2021). Net income: ₩7.39b (down 19% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 21 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩883, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 23% over the past three years. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩69.00 (up from ₩46.00 in FY 2020). Revenue: ₩65.0b (up 13% from FY 2020). Net income: ₩9.11b (up 49% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of ₩15.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩1,210, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 14x in the Media industry in South Korea. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩1,475, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 24x in the Media industry in South Korea. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 15% share price gain to ₩2,140, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 26x in the Media industry in South Korea. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 18% share price gain to ₩2,055, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 21x in the Media industry in South Korea. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩1,625, the stock is trading at a trailing P/E ratio of 35.3x, down from the previous P/E ratio of 42.9x. This compares to an average P/E of 20x in the Media industry in South Korea. Total returns to shareholders over the past three years are 70%. Is New 90 Day High Low • Feb 24
New 90-day low: ₩1,930 The company is down 13% from its price of ₩2,230 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 Media industry, which is up 7.0% over the same period. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS ₩46.00 (vs ₩61.00 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: ₩57.3b (down 19% from FY 2019). Net income: ₩6.13b (down 24% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Feb 11
Korea New Network Co., Ltd., Annual General Meeting, Feb 26, 2021 Korea New Network Co., Ltd., Annual General Meeting, Feb 26, 2021, at 11:00 Korea Standard Time. Is New 90 Day High Low • Dec 29
New 90-day high: ₩2,475 The company is up 41% from its price of ₩1,760 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 Media industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 16% share price gain to ₩2,405, the stock is trading at a trailing P/E ratio of 62x, up from the previous P/E ratio of 53.4x. This compares to an average P/E of 18x in the Media industry in South Korea. Total returns to shareholders over the past three years are 162%. Is New 90 Day High Low • Nov 30
New 90-day high: ₩2,405 The company is up 5.0% from its price of ₩2,285 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 20% share price gain to ₩2,170, the stock is trading at a trailing P/E ratio of 51.2x, up from the previous P/E ratio of 42.6x. This compares to an average P/E of 19x in the Media industry in South Korea. Total returns to shareholders over the past three years are 143%.