Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩9,370, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩12,230, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 21% over the past three years. Announcement • Feb 10
KSIGN Co.,Ltd., Annual General Meeting, Mar 26, 2026 KSIGN Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 25, gwacheon-daero 7na-gil, gyeonggi-do, gwacheon South Korea Announcement • Jan 23
KSIGN Co.,Ltd. (KOSDAQ:A192250) announces an Equity Buyback for KRW 3,000 million worth of its shares. KSIGN Co.,Ltd. (KOSDAQ:A192250) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with NH Investment & Securities. The purpose of the program is stock price stabilization and shareholder value upliftment. The program will expire on July 26, 2026. As of January 23, 2026, the company had 220,989 shares in treasury within scope available for dividend and 5,306 shares under other acquisitions. Upcoming Dividend • Dec 22
Upcoming dividend of ₩200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.7%). Declared Dividend • Nov 08
Dividend of ₩200 announced Dividend of ₩200 is the same as last year. Ex-date: 29th December 2025 Payment date: 6th April 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.5% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. However, EPS has declined by 24% over the last 5 years so the company would need to reverse this trend. Announcement • Nov 07
KSIGN Co.,Ltd. announces Annual dividend, payable on April 06, 2026 KSIGN Co.,Ltd. announced Annual dividend of KRW 200.0000 per share payable on April 06, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 114% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (₩76.1b market cap, or US$54.8m). New Risk • Jul 25
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 12% 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. 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 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (₩85.4b market cap, or US$61.8m). New Risk • Jun 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 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (₩88.5b market cap, or US$64.5m). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to ₩12,930, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩8,620, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 63% over the past three years. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Earnings have declined by 10% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (₩55.2b market cap, or US$37.8m). Announcement • Feb 15
KSIGN Co.,Ltd., Annual General Meeting, Mar 25, 2025 KSIGN Co.,Ltd., Annual General Meeting, Mar 25, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 25, gwacheon-daero 7na-gil, gyeonggi-do, gwacheon South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩150 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 02 April 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩8,150, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 66% over the past three years. New Risk • Nov 26
New major risk - Revenue and earnings growth Earnings have declined by 3.3% 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 3.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₩55.4b market cap, or US$39.7m). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,118, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 56% over the past three years. New Risk • May 21
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: 5.9% Last year net profit margin: 12% 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: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (5.9% net profit margin). Market cap is less than US$100m (₩90.6b market cap, or US$66.6m). New Risk • Mar 26
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 9.2% 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: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₩112.6b market cap, or US$84.1m). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩1,614, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 19x in the Software industry in South Korea. Total loss to shareholders of 19% over the past three years. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₩66.00 (vs ₩72.00 in FY 2022) Full year 2023 results: EPS: ₩66.00 (down from ₩72.00 in FY 2022). Revenue: ₩47.1b (up 9.1% from FY 2022). Net income: ₩4.55b (down 9.2% from FY 2022). Profit margin: 9.7% (down from 12% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 20
Upcoming dividend of ₩30.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.6%). Announcement • Jul 28
KSIGN Co.,Ltd. (KOSDAQ:A192250) announces an Equity Buyback for KRW 2,000 million worth of its shares. KSIGN Co.,Ltd. (KOSDAQ:A192250) 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 Daishin Securities Co., Ltd. The purpose of the program is stock price stabilization and shareholder value upliftment. The program will expire on January 26, 2024. As of July 25, 2023, the company had no shares in treasury within scope available for dividend and under other acquisitions. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,736, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 19x in the Software industry in South Korea. Total returns to shareholders of 37% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 14 April 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 15% share price gain to ₩1,635, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 15x in the Software industry in South Korea. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩1,435, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 13x in the Software industry in South Korea. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩1,515, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 9.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 20% share price gain to ₩3,125, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 23x in the Software industry in South Korea. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 28% share price gain to ₩2,585, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 26x in the Software industry in South Korea. Total returns to shareholders of 62% over the past three years. Is New 90 Day High Low • Feb 26
New 90-day high: ₩2,340 The company is up 42% from its price of ₩1,645 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 21% share price gain to ₩2,100, the stock is trading at a trailing P/E ratio of 25.3x, up from the previous P/E ratio of 21x. This compares to an average P/E of 25x in the Software industry in South Korea. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Feb 09
New 90-day high: ₩1,710 The company is up 10.0% from its price of ₩1,560 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 11% over the same period.