New Risk • Jun 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Market cap is less than US$100m (₩28.9b market cap, or US$19.2m). New Risk • Apr 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 5.6% over the past year. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩33.6b market cap, or US$22.2m). Announcement • Mar 10
Brainzcompany Co., Ltd., Annual General Meeting, Mar 31, 2026 Brainzcompany Co., Ltd., Annual General Meeting, Mar 31, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 87, seongsui-ro, seongdong-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,915, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 59% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 15 April 2026. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (1.7%). 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: 15th April 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Nov 07
Brainzcompany Co., Ltd. announces Annual dividend, payable on April 15, 2026 Brainzcompany Co., Ltd. announced Annual dividend of KRW 60.0000 per share payable on April 15, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Buy Or Sell Opportunity • Aug 18
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at ₩5,710. The fair value is estimated to be ₩7,145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last year. Earnings per share has declined by 11%. New Risk • May 30
New major risk - Revenue and earnings growth Revenue has declined by 4.1% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 4.1% over the past year. Minor Risk Market cap is less than US$100m (₩44.1b market cap, or US$32.0m). 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 ₩6,080, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 55% over the past three years. Announcement • Mar 08
Brainzcompany Co., Ltd., Annual General Meeting, Mar 31, 2025 Brainzcompany Co., Ltd., Annual General Meeting, Mar 31, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 87, seongsui-ro, seongdong-gu, seoul South Korea Announcement • Feb 06
Brainzcompany Co., Ltd. (KOSDAQ:A099390) announces an Equity Buyback for KRW 1,000 million worth of its shares. Brainzcompany Co., Ltd. (KOSDAQ:A099390) 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 Samsung Securities. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price. The repurchase program will expire on August 6, 2025. As of February 5, 2025, the company had 436,424 shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩6,070, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 50% over the past three years. Buy Or Sell Opportunity • Feb 03
Now 24% overvalued Over the last 90 days, the stock has fallen 14% to ₩5,440. The fair value is estimated to be ₩4,399, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has declined by 26%. Upcoming Dividend • Dec 20
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.6%). 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 (₩42.5b market cap, or US$29.6m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,160, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 64% over the past three years. Buy Or Sell Opportunity • Dec 03
Now 24% overvalued Over the last 90 days, the stock has fallen 15% to ₩5,490. The fair value is estimated to be ₩4,440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has declined by 28%. New Risk • Nov 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (₩44.2b market cap, or US$31.7m). New Risk • Jan 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 Risk Market cap is less than US$100m (₩63.9b market cap, or US$47.5m). Upcoming Dividend • Dec 20
Inaugural dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. This is the first dividend for Brainzcompany since going public. The average dividend yield among industry peers is 1.6%. New Risk • Dec 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (₩60.1b market cap, or US$46.2m). Buying Opportunity • Nov 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be ₩9,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last year, while earnings per share has been flat. Announcement • Nov 03
Brainzcompany Co., Ltd. (KOSDAQ:A099390) announces an Equity Buyback for KRW 2,000 million worth of its shares. Brainzcompany Co., Ltd. (KOSDAQ:A099390) 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 Samsung Securities. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price. The repurchase program will expire on May 2, 2024. As of November 1, 2023, the company had 150,822 shares within scope available for dividend and had no shares in treasury through other repurchase. Buying Opportunity • Oct 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be ₩8,976, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last year, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩6,770, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 28% over the past year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩11,850, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 20x in the Software industry in South Korea. Negligible returns to shareholders over past year. Buying Opportunity • Feb 06
Now 21% undervalued Over the last 90 days, the stock is up 66%. The fair value is estimated to be ₩15,536, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last year. Earnings per share has declined by 41%. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩9,570, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 19% over the past year. Upcoming Dividend • Dec 21
Inaugural dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 17 April 2023. This is the first dividend for Brainzcompany since going public. The average dividend yield among industry peers is 1.8%. 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 ₩6,680, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 51% over the past year. Announcement • Jul 12
Brainzcompany Co., Ltd. (KOSDAQ:A099390) announces an Equity Buyback for KRW 1,000 million worth of its shares. Brainzcompany Co., Ltd. (KOSDAQ:A099390) 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 Samsung Securities. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price. The repurchase program will expire on January 11, 2023. As of July 11, 2022, the company had no shares within scope available for dividend and had 42,045 shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩9,620, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 19x in the Software industry in South Korea.