Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,788, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 10x in the Entertainment industry in South Korea. Total loss to shareholders of 71% over the past three years. Announcement • May 06
VALOFE Co.,Ltd (KOSDAQ:A331520) announces an Equity Buyback for KRW 1,000 million worth of its shares. VALOFE Co.,Ltd (KOSDAQ:A331520) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the share repurchase is stabilizing stock price and improving shareholder value. The repurchase program will expire on November 6, 2026. As of May 5, 2026, the company had 361,180 shares within scope available for dividend and had 906 shares in treasury through other repurchase. Announcement • Mar 10
VALOFE Co.,Ltd, Annual General Meeting, Mar 26, 2026 VALOFE Co.,Ltd, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 97, wausan-ro, mapo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩502, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 13x in the Entertainment industry in South Korea. Total loss to shareholders of 63% over the past three years. New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 49% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩29.8b market cap, or US$21.7m). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to ₩821, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 26x in the Entertainment industry in South Korea. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩945, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 25x in the Entertainment industry in South Korea. Total loss to shareholders of 58% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩34.00 (vs ₩15.56 in FY 2023) Full year 2024 results: EPS: ₩34.00 (up from ₩15.56 in FY 2023). Revenue: ₩35.6b (down 1.1% from FY 2023). Net income: ₩1.71b (up 118% from FY 2023). Profit margin: 4.8% (up from 2.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Mar 08
VALOFE Co.,Ltd, Annual General Meeting, Mar 26, 2025 VALOFE Co.,Ltd, Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 167, eulji-ro, jung-gu, seoul South Korea New Risk • Jan 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 9.9% 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 Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (₩40.9b market cap, or US$28.4m). New Risk • Dec 16
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 (₩31.7b market cap, or US$22.1m). Announcement • Aug 30
VALOFE Co.,Ltd announced that it expects to receive KRW 3 billion in funding VALOFE Co.,Ltd announced a private placement to issue Zero Coupon Series 2 Unregistered Non-Guaranteed Private Convertible Bonds due September 2, 2029 for the gross proceeds of KRW 3,000,000,000 on August 29, 2024. The transaction will include participation from new investor Synergy Ivy Mutual Innovation New Technology Investment Fund. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on September 2, 2024. The bonds bear zero coupon rate and maturity rate and matures on September 2, 2029. The bonds are 100% convertible into 3,601,440 shares at a fixed conversion price of KRW 833 from September 2, 2025 to August 2, 2029. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩898, the stock trades at a trailing P/E ratio of 58.1x. Average trailing P/E is 19x in the Entertainment industry in South Korea. Total loss to shareholders of 59% over the past three years. Announcement • Apr 30
VALOFE Co.,Ltd (KOSDAQ:A331520) announces an Equity Buyback for KRW 1,500 million worth of its shares. VALOFE Co.,Ltd (KOSDAQ:A331520) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the share repurchase is stabilizing stock price and improving shareholder value. The repurchase program will expire on October 29, 2024. As of April 28, 2024, the company had no shares within scope available for dividend and had 26 shares in treasury through other repurchase. New Risk • Oct 10
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 8.9% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (₩51.9b market cap, or US$38.5m). New Risk • Jul 29
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 8.2% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (₩68.4b market cap, or US$53.6m). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩1,503, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 33x in the Entertainment industry in South Korea. Total loss to shareholders of 25% over the past three years. Announcement • Feb 03
VALOFE Co.,Ltd (KOSDAQ:A331520) agreed to acquire GOP Inc. from GameOn Co Ltd. VALOFE Co.,Ltd (KOSDAQ:A331520) agreed to acquire GOP Inc. from GameOn Co Ltd. for KRW10 billion on February 1, 2023. 
