Reported Earnings • Mar 18
Full year 2025 earnings released: ₩225 loss per share (vs ₩206 loss in FY 2024) Full year 2025 results: ₩225 loss per share (further deteriorated from ₩206 loss in FY 2024). Revenue: ₩67.5b (down 4.1% from FY 2024). Net loss: ₩18.6b (loss widened 12% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Feb 06
Mr. Blue Corporation, Annual General Meeting, Mar 20, 2026 Mr. Blue Corporation, Annual General Meeting, Mar 20, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 570, yangcheon-ro, gangseo-gu, seoul South Korea New Risk • Jul 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩135.8b (US$97.6m) 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: Major Risk Earnings have declined by 68% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩135.8b market cap, or US$97.6m). New Risk • Apr 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 10% 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 66% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩95.7b market cap, or US$66.8m). Reported Earnings • Mar 15
Full year 2024 earnings released: ₩206 loss per share (vs ₩150 loss in FY 2023) Full year 2024 results: ₩206 loss per share (further deteriorated from ₩150 loss in FY 2023). Revenue: ₩70.3b (down 5.1% from FY 2023). Net loss: ₩16.6b (loss widened 48% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Mr. Blue Corporation, Annual General Meeting, Mar 20, 2025 Mr. Blue Corporation, Annual General Meeting, Mar 20, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 570, yangcheon-ro, gangseo-gu, seoul South Korea New Risk • Jul 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.5b (US$99.5m) 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: Major Risk Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Market cap is less than US$100m (₩136.5b market cap, or US$99.5m). New Risk • Jul 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 8.1% 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 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Reported Earnings • Mar 16
Full year 2023 earnings released: ₩150 loss per share (vs ₩42.00 profit in FY 2022) Full year 2023 results: ₩150 loss per share (down from ₩42.00 profit in FY 2022). Revenue: ₩74.1b (down 3.9% from FY 2022). Net loss: ₩11.2b (down 460% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. New Risk • Mar 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 8.8% 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 (0.7% net profit margin). Shareholders have been diluted in the past year (6.9% increase in shares outstanding). New Risk • Jan 24
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 10% 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 8.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Upcoming Dividend • Dec 20
Upcoming dividend of ₩10.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.6%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (4.2%). New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 4.1% 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 4.1% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.9% net profit margin). Announcement • Nov 08
Mr. Blue Corporation (KOSDAQ:A207760) announces an Equity Buyback for KRW 2,000 million worth of its shares. Mr. Blue Corporation (KOSDAQ:A207760) 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 NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and to enhance the shareholder value. The program will expire on May 6, 2024. As of November 5, 2023, the company had no shares in treasury within scope available for dividend and under other acquisitions. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₩42.00 (vs ₩91.00 in FY 2021) Full year 2022 results: EPS: ₩42.00 (down from ₩91.00 in FY 2021). Revenue: ₩77.2b (up 26% from FY 2021). Net income: ₩3.12b (down 54% from FY 2021). Profit margin: 4.0% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 50% share price gain to ₩4,790, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 99% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩25.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.2%. 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 • Dec 19
Investor sentiment improved over the past week After last week's 43% share price gain to ₩3,390, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 13x in the Media industry in South Korea. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 31% share price gain to ₩7,000, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 7.6% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 22% share price gain to ₩4,820, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the Media industry in South Korea. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩4,150, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 13x in the Media industry in South Korea. Total loss to shareholders of 39% 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 16% share price decline to ₩6,100, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Media industry in South Korea. Total returns to shareholders of 79% over the past three years. Announcement • Feb 09
Mr. Blue Corporation (KOSDAQ:A207760) agreed to acquire 80% stake in Video Publishing Media Co., Ltd. from Lim, Kwang-soon and 5 others. Mr. Blue Corporation (KOSDAQ:A207760) agreed to acquire 80% stake in Video Publishing Media Co., Ltd. from Lim, Kwang-soon and 5 others on February 7, 2022. The transaction is for 24000 shares out of 30000 total shares. For the year ending December 31, 2021, Video Publishing Media had total assets of KRW 70.27 billion. The transaction has been approved by the acquirer board and is expected to complete on February 18, 2022. The transaction will be paid in cash mode through issuance commission of convertible bonds(1)Mr. Blue's 2nd Bearer Type, no guarantee issued by our company Private placement convertible bonds KRW 15 million (2) No guarantee of Mr. Blue's 3rd bearer type coupon issued by our company Bonds with warrants KRW 10 billion. Announcement • Feb 08
Mr. Blue Corporation announced that it expects to receive KRW 25 billion in funding Mr. Blue Corporation announced a private placement of series 2 bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 15,000,000,000 and series 3 bearer no guarantee private bonds with warrants for gross proceeds of KRW 10,000,000,000; for an aggregate gross proceeds of KRW 25,000,000,000 on February 7, 2022. The transaction will include participation from Harvest No. 3 Private Equity Fund. The bonds will not carry any interest rate, will have 1% maturity rate and will mature on February 11, 2027. The bonds will be fully convertible into 1,779,992 shares of the company at a fixed conversion price of KRW 8,427 per share between the conversion period starting from February 11, 2023 to February 10, 2027. The subscription date is February 7, 2022 and the payment date is February 11, 2022. The transaction has been approved by the board of directors of the company. Upcoming Dividend • Dec 22
Upcoming dividend of ₩35.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 15 April 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 15
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩14.7b (down 51% from 3Q 2020). Net income: ₩1.74b (down 71% from 3Q 2020). Profit margin: 12% (down from 20% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩8,430, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 15x in the Media industry in South Korea. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 28% share price gain to ₩12,700, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Media industry in South Korea. Total returns to shareholders of 308% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩15,655 per share. Is New 90 Day High Low • Feb 26
New 90-day low: ₩9,810 The company is down 3.0% from its price of ₩10,100 on 27 November 2020. The South Korean market is up 16% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩15,199 per share. Announcement • Feb 10
Mr. Blue Corporation, Annual General Meeting, Mar 25, 2021 Mr. Blue Corporation, Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 19
New 90-day high: ₩11,700 The company is up 15% from its price of ₩10,150 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩15,805 per share. Is New 90 Day High Low • Jan 04
New 90-day high: ₩11,550 The company is up 9.0% from its price of ₩10,600 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩12,370 per share. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩25.00 Per Share Will be paid on the 16th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.2% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (2.2%). Is New 90 Day High Low • Oct 26
New 90-day low: ₩9,330 The company is down 30% from its price of ₩13,250 on 28 July 2020. The South Korean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩13,564 per share. Is New 90 Day High Low • Sep 21
New 90-day low: ₩10,900 The company is down 16% from its price of ₩12,950 on 23 June 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩13,350 per share.