Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩8,670, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 14x in the Entertainment industry in South Korea. Total loss to shareholders of 38% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩1,812 (vs ₩2,264 in FY 2024) Full year 2025 results: EPS: ₩1,812 (down from ₩2,264 in FY 2024). Revenue: ₩125.3b (up 4.0% from FY 2024). Net income: ₩18.8b (down 20% from FY 2024). Profit margin: 15% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Mar 10
Wemade Play Co., Ltd., Annual General Meeting, Mar 24, 2026 Wemade Play Co., Ltd., Annual General Meeting, Mar 24, 2026, at 08:00 Tokyo Standard Time. Location: conference room, 49, daewangpangyo-ro 644beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Announcement • Feb 04
Wemade Play Co., Ltd. to Report Q4, 2025 Results on Feb 09, 2026 Wemade Play Co., Ltd. announced that they will report Q4, 2025 results on Feb 09, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩364 (vs ₩77.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩364 (up from ₩77.00 loss in 3Q 2024). Revenue: ₩31.1b (up 7.1% from 3Q 2024). Net income: ₩3.78b (up ₩4.59b from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Wemade Play Co., Ltd. to Report First Half, 2025 Results on Aug 08, 2025 Wemade Play Co., Ltd. announced that they will report first half, 2025 results on Aug 08, 2025 New Risk • Jul 29
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 11% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 0.07% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩111.8b market cap, or US$80.4m). New Risk • Jun 23
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 9.8% 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 0.07% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩106.4b market cap, or US$76.6m). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩10,230, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 22x in the Entertainment industry in South Korea. Total loss to shareholders of 52% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩2,264 (vs ₩415 in FY 2023) Full year 2024 results: EPS: ₩2,264 (up from ₩415 in FY 2023). Revenue: ₩120.4b (down 1.0% from FY 2023). Net income: ₩23.6b (up 446% from FY 2023). Profit margin: 20% (up from 3.5% in FY 2023). 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 35% per year, which means it is significantly lagging earnings. Announcement • Mar 08
Wemade Play Co., Ltd., Annual General Meeting, Mar 24, 2025 Wemade Play Co., Ltd., Annual General Meeting, Mar 24, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 49, daewangpangyo-ro 644beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,670, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 25x in the Entertainment industry in South Korea. Total loss to shareholders of 80% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: ₩0.14 loss per share (vs ₩503 profit in 2Q 2023) Second quarter 2024 results: ₩0.14 loss per share (down from ₩503 profit in 2Q 2023). Revenue: ₩29.2b (down 2.2% from 2Q 2023). Net loss: ₩1.47m (down 100% from profit in 2Q 2023). Profit margin: 0% (down from 18% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩6,970, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 20x in the Entertainment industry in South Korea. Total loss to shareholders of 69% over the past three years. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: ₩415 (vs ₩37.00 loss in FY 2022) Full year 2023 results: EPS: ₩415 (up from ₩37.00 loss in FY 2022). Revenue: ₩121.7b (down 9.2% from FY 2022). Net income: ₩4.31b (up ₩4.69b from FY 2022). Profit margin: 3.5% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩12,000, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 25x in the Entertainment industry in South Korea. Total loss to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩13,480, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 35x in the Entertainment industry in South Korea. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to ₩12,240, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 33x 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 • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩8,380, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 28x in the Entertainment industry in South Korea. Total loss to shareholders of 57% over the past three years. New Risk • Oct 24
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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩84.9b market cap, or US$63.1m). Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩9,840, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 30x in the Entertainment industry in South Korea. Total loss to shareholders of 52% over the past three years. Reported Earnings • Mar 19
Full year 2022 earnings released: ₩37.00 loss per share (vs ₩1,667 profit in FY 2021) Full year 2022 results: ₩37.00 loss per share (down from ₩1,667 profit in FY 2021). Revenue: ₩134.0b (up 27% from FY 2021). Net loss: ₩382.0m (down 103% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. 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. 5 experienced directors. No highly experienced directors. 1 independent director (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. Announcement • Aug 23
Wemade Play Announces on the 23 August 2022 Officially Launch of New Title "Nemo's Aqua Pop" in the Asian Market Wemade Play announced on the 23rd of August that it has officially launched its new title "Nemo's Aqua Pop" in the Asian market. 'Nemo's Aqua Pop' is a mobile Match-3 game based on Disney and Pixar's popular animation "Finding Nemo". In this game, players will encounter multiple characters from the original animation, such as "Nemo", "Dory" and "Mr. Ray", who appear in special block skills and effects, by decorating their own underwater world and through collecting a variety of fish. 'Nemo's Aqua Pop' was developed to allow players to enjoy the original fun of 3 match puzzles. Players can expect a brisk puzzle game full of exciting special block effects. Moreover, the game uses various missions and gift ideas that are thematically taken from the original animation. In particular, the Homing Jellyfish block, a flying power-up, in 'Nemo's Aqua POP' calculates optimal support with its AI support to help players remove blocks. Therefore, players can play the game easily and enjoy exciting puzzle. Together with the release of the game, Wemade Play has prepared 500 "Nemo's Aqua Pop" puzzle levels, 200 missions, 12 characters from "Finding Nemo" and "Finding Dory", etc. In addition, there is a rich variety of difference game modes such as a first-come, first-served puzzle solving game, short competitive battles of less than an hour, and 3-5 days of teamwork competitions catering the best experience to all kinds of puzzle game fans. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 19% share price gain to ₩26,900, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 71% over the past three years. Buying Opportunity • Jun 23
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be ₩23,983, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩22,900, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 18% share price gain to ₩29,850, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 14x in the Entertainment industry in South Korea. Total returns to shareholders of 54% 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. 5 experienced directors. No highly experienced directors. 1 independent director (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 • Apr 06
Investor sentiment improved over the past week After last week's 18% share price gain to ₩30,550, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 19x in the Entertainment industry in South Korea. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩25,100, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 29x in the Entertainment industry in South Korea. Total loss to shareholders of 3.1% over the past three years. Announcement • Jan 27
SundayToz Corp. announced that it has received KRW 82.725 billion in funding from Wemade Innovation Co., Ltd. On January 25, 2022, SundayToz Corp. closed the transaction. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 17% share price gain to ₩32,000, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Entertainment industry in South Korea. Total returns to shareholders of 75% over the past three years. Announcement • Feb 06
SundayToz Corp. to Report Fiscal Year 2020 Results on Feb 10, 2021 SundayToz Corp. announced that they will report fiscal year 2020 results on Feb 10, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: ₩22,150 The company is up 9.0% from its price of ₩20,250 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: ₩20,200 The company is down 18% from its price of ₩24,650 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. Is New 90 Day High Low • Sep 22
New 90-day low: ₩21,900 The company is down 28% from its price of ₩30,250 on 24 June 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 up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩24,983 per share.