Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩32,450, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 19x in the IT industry in South Korea. Total returns to shareholders of 176% over the past three years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: ₩1,232 (vs ₩1,140 in FY 2024) Full year 2025 results: EPS: ₩1,232 (up from ₩1,140 in FY 2024). Revenue: ₩335.7b (up 19% from FY 2024). Net income: ₩15.8b (up 8.0% from FY 2024). Profit margin: 4.7% (down from 5.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Mar 12
GABIA, Inc., Annual General Meeting, Mar 26, 2026 GABIA, Inc., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 34, gwacheon-daero 7na-gil, gyeonggi-do, gwacheon South Korea Announcement • Feb 13
Gabia, Inc. Proposes Cash Dividend GABIA, Inc. at its upcoming Annual General Meeting proposed approval of a cash dividend of KRW 180 per share. Upcoming Dividend • Dec 22
Upcoming dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 14 April 2026. Payout ratio is a comfortable 7.2% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (1.4%). New Risk • Nov 25
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 9.0% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩32,650, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 210% over the past three years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₩183 (vs ₩164 in 3Q 2024) Third quarter 2025 results: EPS: ₩183 (up from ₩164 in 3Q 2024). Revenue: ₩80.6b (up 22% from 3Q 2024). Net income: ₩2.36b (up 12% from 3Q 2024). Profit margin: 2.9% (down from 3.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 08
Dividend of ₩80.00 announced Dividend of ₩80.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 14th April 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.1%. Announcement • Nov 07
GABIA, Inc. announces Annual dividend, payable on April 14, 2026 GABIA, Inc. announced Annual dividend of KRW 80.0000 per share payable on April 14, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩29,350, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩22,200, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 13x in the IT industry in South Korea. Total returns to shareholders of 56% over the past three years. Reported Earnings • Mar 25
Full year 2024 earnings released: EPS: ₩1,140 (vs ₩1,241 in FY 2023) Full year 2024 results: EPS: ₩1,140 (down from ₩1,241 in FY 2023). Revenue: ₩282.4b (up 8.0% from FY 2023). Net income: ₩14.6b (down 8.7% from FY 2023). Profit margin: 5.2% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩18,020, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 38% over the past three years. Announcement • Mar 13
GABIA, Inc., Annual General Meeting, Mar 27, 2025 GABIA, Inc., Annual General Meeting, Mar 27, 2025, at 11:00 Tokyo Standard Time. Location: conference room, 34, gwacheon-daero 7na-gil, gyeonggi-do, gwacheon South Korea Announcement • Dec 20
GABIA, Inc. announced that it has received KRW 2.29216 billion in funding from Kingo Investment Partners Co. Ltd. and other investors On December 18, 2024, GABIA, Inc. closed the transaction. New Risk • Dec 08
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. This is currently the only risk that has been identified for the company. Announcement • Nov 21
GABIA, Inc. (KOSDAQ:A079940) agreed to acquire Whois Corp. from Korea Investment Partners Co. Ltd. and Korea Investment Innovative Growth Scale-up PEF for KRW 20.15 billion. GABIA, Inc. (KOSDAQ:A079940) intent to acquire Whois Corp. from Korea Investment Partners Co. Ltd. and Korea Investment Innovative Growth Scale-up PEF for KRW 20.15 billion on November 19, 2024. A cash consideration of KRW 20.15 billion will be paid by GABIA, Inc. for 1,288,695 shares. The expected completion of the transaction is January 2, 2025. New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Announcement • Jul 04
GABIA, Inc. (KOSDAQ:A079940) announces an Equity Buyback for KRW 1,000 million worth of its shares. GABIA, Inc. (KOSDAQ:A079940) 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 Co., Ltd. The purpose of the program is to use the shares for compensation for employee performance. The program will expire on January 3, 2025. As of July 3, 2024, the company had 506,830 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. New Risk • May 28
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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩1,241 (vs ₩1,205 in FY 2022) Full year 2023 results: EPS: ₩1,241 (up from ₩1,205 in FY 2022). Revenue: ₩261.6b (up 9.4% from FY 2022). Net income: ₩16.0b (up 2.4% from FY 2022). Profit margin: 6.1% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩21,450, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 19x in the IT industry in South Korea. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩70.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 5.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.2%). Announcement • Aug 30
GABIA, Inc. (KOSDAQ:A079940) announces an Equity Buyback for KRW 2,000 million worth of its shares. GABIA, Inc. (KOSDAQ:A079940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares. The purpose of the program is to use the shares for compensation for employee performance. The program will expire on February 28, 2024. As of August 28, 2023, the company had 448,723 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. Announcement • Jan 04
GABIA, Inc. (KOSDAQ:A079940) announces an Equity Buyback for KRW 1,000 million worth of its shares. GABIA, Inc. (KOSDAQ:A079940) 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 trust contract with NH Investment & Securities Co.,Ltd. The purpose of the program is to use the shares for executives result reward. The program will expire on July 2, 2023. As of January 2, 2023, the company had 405,315 shares in treasury within scope available for dividend and had no shares in treasury under other acquisitions. Upcoming Dividend • Dec 21
Upcoming dividend of ₩70.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.0%). 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. 1 independent director (5 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. 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. 1 independent director (5 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 • Apr 15
GABIA, Inc. (KOSDAQ:A079940) announces an Equity Buyback for KRW 2,000 million worth of its shares. GABIA, Inc. (KOSDAQ:A079940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its own shares pursuant to a contract with NH Investment & Securities Co.,Ltd. The purpose behind the program is Employee Performance Compensation. The repurchase program will expire on October 13, 2022. As of April 13, 2022, the company had 250,766 treasury shares within scope available for dividend and 0 shares in treasury through other repurchase. Buying Opportunity • Mar 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be ₩16,511, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% per annum over the last 3 years. Earnings per share has grown by 22% per annum over the last 3 years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 13 April 2022. Payout ratio is a comfortable 5.9% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 16% share price gain to ₩13,800, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 122% over the past three years. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS ₩293 (vs ₩132 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩50.1b (up 26% from 3Q 2020). Net income: ₩3.84b (up 125% from 3Q 2020). Profit margin: 7.7% (up from 4.3% 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 22% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 35% share price gain to ₩19,600, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 23x in the IT industry in South Korea. Total returns to shareholders of 146% over the past three years. Reported Earnings • May 19
First quarter 2021 earnings released: EPS ₩229 (vs ₩168 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩43.2b (up 11% from 1Q 2020). Net income: ₩2.97b (up 36% from 1Q 2020). Profit margin: 6.9% (up from 5.6% 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 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 10
New 90-day high: ₩15,750 The company is up 16% from its price of ₩13,600 on 12 November 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₩15,650, the stock is trading at a trailing P/E ratio of 17x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 19x in the IT industry in South Korea. Total returns to shareholders over the past three years are 130%. Is New 90 Day High Low • Jan 26
New 90-day high: ₩14,150 The company is up 6.0% from its price of ₩13,300 on 28 October 2020. The South Korean market is up 36% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 21% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩40.00 Per Share Will be paid on the 13th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (1.3%). Is New 90 Day High Low • Oct 16
New 90-day low: ₩14,150 The company is down 14% from its price of ₩16,500 on 17 July 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.