Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,315, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 14x in the Interactive Media and Services industry in South Korea. Total loss to shareholders of 54% over the past three years. Announcement • Jun 24
KidariStudio, Inc. (KOSE:A020120) announces an Equity Buyback for KRW 3,000 million worth of its shares. KidariStudio, Inc. (KOSE:A020120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of it's shares pursuant contract with Kiwoom Securities Co., Ltd. The purpose of the program is Enhancement of shareholder value and employee compensation. The program will expire on December 24, 2026. As of June 23, 2026, the company had 817,247 shares in treasury within scope available for dividend and had 0 shares under other acquisitions. Announcement • Apr 03
KidariStudio, Inc. (KOSE:A020120) announces an Equity Buyback for KRW 3,085 million worth of its shares. KidariStudio, Inc. (KOSE:A020120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,085 million worth of it's shares pursuant contract with Kiwoom Securities Corp. The purpose of the program is to stabilize stock price and improve shareholder value. The program will expire on October 2, 2026. As of March 31, 2026, the company had 0 shares in treasury within scope available for dividend and had 0 shares under other acquisitions. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: ₩179 (vs ₩205 loss in FY 2024) Full year 2025 results: EPS: ₩179 (up from ₩205 loss in FY 2024). Revenue: ₩217.5b (up 6.0% from FY 2024). Net income: ₩6.63b (up ₩14.2b from FY 2024). Profit margin: 3.0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Mar 12
KidariStudio, Inc., Annual General Meeting, Mar 25, 2026 KidariStudio, Inc., Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 8, yeonmujang 11-gil, seongdong-gu, seoul South Korea Buy Or Sell Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock has risen 3.9% to ₩3,725. The fair value is estimated to be ₩4,659, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to ₩3,650. The fair value is estimated to be ₩4,576, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩87.00 (vs ₩5.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩87.00 (up from ₩5.00 loss in 3Q 2024). Revenue: ₩52.8b (up 4.9% from 3Q 2024). Net income: ₩3.21b (up ₩3.38b from 3Q 2024). Profit margin: 6.1% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩143.8b (US$99.9m) 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 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩143.8b market cap, or US$99.9m). Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₩17.00 (vs ₩32.00 loss in 2Q 2024) Second quarter 2025 results: EPS: ₩17.00 (up from ₩32.00 loss in 2Q 2024). Revenue: ₩51.8b (up 4.0% from 2Q 2024). Net income: ₩632.3m (up ₩1.81b from 2Q 2024). Profit margin: 1.2% (up from net loss in 2Q 2024). 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 23% per year, which means it has not declined as severely as earnings. New Risk • Jul 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.3b (US$99.4m) 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 65% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩137.3b market cap, or US$99.4m). 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 72% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Mar 13
KidariStudio, Inc., Annual General Meeting, Mar 27, 2025 KidariStudio, Inc., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 8, yeonmujang 11-gil, seongdong-gu, seoul South Korea Buy Or Sell Opportunity • Feb 19
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to ₩3,280. The fair value is estimated to be ₩2,717, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 77% 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 77% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩113.6b market cap, or US$78.8m). Buy Or Sell Opportunity • Dec 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₩3,295. The fair value is estimated to be ₩4,217, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.1% to ₩3,220. The fair value is estimated to be ₩4,220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Major Estimate Revision • Aug 07
Consensus EPS estimates fall from profit to ₩74.00 loss, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from ₩196.0m to ₩203.0m. Now expected to report loss of -₩74.00 instead of ₩224 per share profit. Interactive Media and Services industry in South Korea expected to see average net income growth of 27% next year. Consensus price target down from ₩6,200 to ₩3,400. Share price fell 8.9% to ₩3,500 over the past week. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩122.3b (US$89.0m) 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 Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (₩122.3b market cap, or US$89.0m). Reported Earnings • Mar 21
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: ₩934 loss per share (further deteriorated from ₩78.00 loss in FY 2022). Revenue: ₩171.0b (flat on FY 2022). Net loss: ₩34.5b (loss widened ₩31.7b from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the IT industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 08
Now 20% undervalued Over the last 90 days, the stock has risen 6.1% to ₩5,550. The fair value is estimated to be ₩6,973, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Dec 20
Upcoming dividend of ₩50.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.2%). Buying Opportunity • Nov 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be ₩6,141, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be ₩6,008, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jul 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₩8,226, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Mar 10
Price target decreased by 34% to ₩8,400 Down from ₩12,750, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of ₩7,860. Stock is down 48% over the past year. The company is forecast to post earnings per share of ₩80.00 for next year compared to ₩114 last year. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from ₩171.0m to ₩169.0m. EPS estimate also fell from ₩123 per share to ₩80.00 per share. Net income forecast to grow 636% next year vs 47% growth forecast for IT industry in South Korea. Consensus price target down from ₩12,750 to ₩12,200. Share price was steady at ₩8,770 over the past week. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 38% share price gain to ₩9,110, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the IT industry in South Korea. Total returns to shareholders of 131% over the past three years. Price Target Changed • Nov 16
Price target decreased to ₩16,000 Down from ₩21,500, the current price target is provided by 1 analyst. New target price is 124% above last closing price of ₩7,150. Stock is down 62% over the past year. The company is forecast to post earnings per share of ₩245 for next year compared to ₩114 last year. 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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 • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩6,800, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the IT industry in South Korea. Total returns to shareholders of 53% 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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Price Target Changed • Mar 17
Price target increased to ₩25,000 Up from ₩21,500, the current price target is provided by 1 analyst. New target price is 67% above last closing price of ₩14,950. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₩325 for next year compared to ₩3.05 last year. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩14,600, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the IT industry in South Korea. Total returns to shareholders of 481% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩27,235 per share. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS ₩111 (vs ₩27.00 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩34.7b (up 190% from 3Q 2020). Net income: ₩3.71b (up ₩3.21b from 3Q 2020). Profit margin: 11% (up from 4.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 19
Consensus EPS estimates fall to ₩342 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₩126.0m to ₩118.5m. EPS estimate also fell from ₩476 to ₩342. Net income forecast to grow 1,046% next year vs 34% growth forecast for IT industry in South Korea. Consensus price target of ₩21,500 unchanged from last update. Share price fell 8.9% to ₩14,300 over the past week. Major Estimate Revision • Jul 17
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ₩122.9m to ₩126.0m. EPS estimate fell from ₩568 to ₩476 per share. Net income forecast to grow 1,451% next year vs 36% growth forecast for IT industry in South Korea. Consensus price target of ₩20,000 unchanged from last update. Share price rose 16% to ₩17,300 over the past week. Price Target Changed • Jul 16
Price target increased to ₩21,500 Up from ₩20,000, the current price target is an average from 3 analysts. New target price is 24% above last closing price of ₩17,300. Stock is up 152% over the past year. Major Estimate Revision • May 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from ₩129.5m to ₩122.9m. EPS estimate rose from ₩383 to ₩568. Net income forecast to grow 31,051% next year vs 40% growth forecast for IT industry in South Korea. Consensus price target up from ₩20,000 to ₩21,500. Share price was steady at ₩14,600 over the past week. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 19% share price gain to ₩13,300, the stock trades at a trailing P/E ratio of 73.8x, up from the previous P/E ratio of 62.2x. Average P/E is 20x in the IT industry in South Korea. Total returns to shareholders over the past three years are 330%. Announcement • Mar 12
KidariStudio, Inc., Annual General Meeting, Mar 26, 2021 KidariStudio, Inc., Annual General Meeting, Mar 26, 2021, at 10:00 Korea Standard Time. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩11,800, the stock is trading at a trailing P/E ratio of 65.5x, down from the previous P/E ratio of 78.3x. This compares to an average P/E of 22x in the IT industry in South Korea. Total returns to shareholders over the past three years are 277%. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 21% share price gain to ₩11,900, the stock is trading at a trailing P/E ratio of 66x, up from the previous P/E ratio of 54.5x. This compares to an average P/E of 22x in the IT industry in South Korea. Total returns to shareholders over the past three years are 316%. Is New 90 Day High Low • Jan 14
New 90-day high: ₩11,100 The company is up 24% from its price of ₩8,940 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩15,687 per share. Is New 90 Day High Low • Dec 30
New 90-day high: ₩9,830 The company is up 2.0% from its price of ₩9,650 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. Announcement • Aug 27
KidariStudio, Inc. (KOSE:A020120) cancelled the acquisition of 20.9% stake in DELITOON SAS from SPARKLING PARTNERS S.A.S, a fund, Charles Perrard, Nicolas Kerangal and Early Bird. KidariStudio, Inc. (KOSE:A020120) agreed to acquire a 20.9% stake in DELITOON SAS from SPARKLING PARTNERS S.A.S, a fund, Charles Perrard, Nicolas Kerangal and Early Bird for KRW 2.34 billion on July 1, 2019. Pursuant to the transaction, Kidari will purchase 333 shares and the consideration will be made in cash. The consideration will be made through reserved funds and external financing means. DELITOON SAS had total assets of KRW 18.7 billion in 2018. The transaction is subject to fair trade commission and is expected to be complete by July 30, 2019. Nebula Accounting Firm acted as the external evaluation body.
KidariStudio, Inc. (KOSE:A020120) cancelled the acquisition of 20.9% stake in DELITOON SAS from SPARKLING PARTNERS S.A.S, a fund, Charles Perrard, Nicolas Kerangal and Early Bird on July 1, 2020.