Board Change • Jun 26
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Dongkyu Lim was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: ₩92.00 (vs ₩269 in FY 2024) Full year 2025 results: EPS: ₩92.00 (down from ₩269 in FY 2024). Revenue: ₩32.3b (down 11% from FY 2024). Net income: ₩1.96b (down 66% from FY 2024). Profit margin: 6.1% (down from 16% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Mar 17
eMnet Inc., Annual General Meeting, Mar 31, 2026 eMnet Inc., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, guro-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 17 April 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (5.0%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩26.00 (vs ₩63.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩26.00 (down from ₩63.00 in 3Q 2024). Revenue: ₩7.93b (down 7.5% from 3Q 2024). Net income: ₩551.0m (down 59% from 3Q 2024). Profit margin: 7.0% (down from 16% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Declared Dividend • Nov 08
Dividend of ₩60.00 announced Dividend of ₩60.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 17th April 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 20% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.0% EPS decline seen over the last 5 years. Announcement • Nov 07
eMnet Inc. announces Annual dividend, payable on April 17, 2026 eMnet Inc. announced Annual dividend of KRW 60.0000 per share payable on April 17, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Mar 13
eMnet Inc., Annual General Meeting, Mar 27, 2025 eMnet Inc., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: conference room, guro-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 18 April 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (5.2%). 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 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 (₩53.9b market cap, or US$41.0m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩67.00 (vs ₩36.96 in 2Q 2023) Second quarter 2024 results: EPS: ₩67.00 (up from ₩36.96 in 2Q 2023). Revenue: ₩9.06b (up 9.7% from 2Q 2023). Net income: ₩1.44b (up 81% from 2Q 2023). Profit margin: 16% (up from 9.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 24% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩2,425, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 11x in the Media industry in South Korea. Total loss to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩4,615, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₩3,860, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 14x in the Media industry in South Korea. Total returns to shareholders of 2.3% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩90.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.9%. 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 • Jul 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,810, 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 returns to shareholders of 9.9% over the past three years. New Risk • Jul 11
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 8.8% 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: 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 (8.8% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (₩90.7b market cap, or US$70.2m). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,030, 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 returns to shareholders of 26% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (3.4%). 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. Announcement • Oct 22
eMnet Inc. (KOSDAQ:A123570) announces an Equity Buyback for KRW 2,000 million worth of its shares. eMnet Inc. (KOSDAQ:A123570) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Hi Investment & Securities. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on April 24, 2023. As of October 20, 2022, the company had 422,559 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩4,225, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the Media industry in South Korea. Total returns to shareholders of 56% over the past three years. Buying Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be ₩7,508, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 31%. 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. Upcoming Dividend • Dec 22
Upcoming dividend of ₩50.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 April 2022. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 0.8%. 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 • Jun 26
Investor sentiment improved over the past week After last week's 19% share price gain to ₩8,200, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Media industry in South Korea. Total returns to shareholders of 193% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 30% share price gain to ₩7,690, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 27x in the Media industry in South Korea. Total returns to shareholders of 203% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ₩133 (vs ₩51.54 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩12.2b (up 33% from 1Q 2020). Net income: ₩2.91b (up 149% from 1Q 2020). Profit margin: 24% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₩4,965, the stock trades at a trailing P/E ratio of 18.8x, up from the previous P/E ratio of 16.3x. Average P/E is 19x in the Media industry in South Korea. Total returns to shareholders over the past three years are 93%. Is New 90 Day High Low • Mar 12
New 90-day high: ₩4,725 The company is up 8.0% from its price of ₩4,360 on 11 December 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: ₩4,020 The company is down 11% from its price of ₩4,510 on 16 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period.