New Risk • Apr 02
New major risk - Revenue and earnings growth Revenue has declined by 30% 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 30% over the past year. Minor Risk Market cap is less than US$100m (₩37.8b market cap, or US$25.0m). Announcement • Mar 17
CyberOne Co., Ltd, Annual General Meeting, Mar 31, 2026 CyberOne Co., Ltd, Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 60, gwacheon-daero 7na-gil, gyeonggi-do, gwacheon South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₩2,920, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 19x in the IT industry in South Korea. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,570, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 35% over the past three years. New Risk • Oct 22
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₩49.8b market cap, or US$34.9m). Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩5,170, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 47% over the past three years. New Risk • Sep 19
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 8.3% 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 (8.3% average weekly change). Market cap is less than US$100m (₩54.4b market cap, or US$38.9m). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,825, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 18x in the IT industry in South Korea. Total loss to shareholders of 6.6% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩3,710, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the IT industry in South Korea. Total loss to shareholders of 17% over the past three years. Announcement • Mar 14
CyberOne Co., Ltd, Annual General Meeting, Mar 28, 2025 CyberOne Co., Ltd, Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 1, gwanak-ro, gwanak-gu, seoul South Korea New Risk • Feb 24
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 12% 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 (12% average weekly change). Market cap is less than US$100m (₩52.5b market cap, or US$36.8m). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩4,410, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 16x in the IT industry in South Korea. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩3,785, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the IT industry in South Korea. Total loss to shareholders of 21% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 April 2025. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.7%). 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 (₩35.3b market cap, or US$24.6m). Reported Earnings • Dec 03
Third quarter 2024 earnings released: EPS: ₩159 (vs ₩1.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩159 (up from ₩1.00 in 3Q 2023). Revenue: ₩10.8b (up 98% from 3Q 2023). Net income: ₩1.89b (up ₩1.88b from 3Q 2023). Profit margin: 18% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue. New Risk • Oct 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by cash flows (0% cash payout ratio). Market cap is less than US$100m (₩35.9b market cap, or US$26.4m). Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: ₩48.00 (vs ₩0.80 in 2Q 2023) Second quarter 2024 results: EPS: ₩48.00 (up from ₩0.80 in 2Q 2023). Revenue: ₩8.33b (up 53% from 2Q 2023). Net income: ₩574.2m (up ₩563.6m from 2Q 2023). Profit margin: 6.9% (up from 0.2% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩3,670, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 14x in the IT industry in South Korea. Total loss to shareholders of 34% over the past three years. Buy Or Sell Opportunity • May 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₩3,435. The fair value is estimated to be ₩4,342, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last year. Earnings per share has declined by 4.6%. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 145% After last week's 145% share price gain to ₩9,350, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 17x in the IT industry in South Korea. Total returns to shareholders of 35% over the past three years. 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 (₩46.7b market cap, or US$34.7m). Upcoming Dividend • Dec 20
Inaugural dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 29 April 2024. This is the first dividend for CyberOne since going public. The average dividend yield among industry peers is 1.2%. Buying Opportunity • Apr 10
Now 22% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be ₩14,593, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last year, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩13,130, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 25x in the IT industry in South Korea. Total returns to shareholders of 17% over the past year. Upcoming Dividend • Dec 21
Inaugural dividend of ₩80.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 02 May 2023. This is the first dividend for CyberOne since going public. The average dividend yield among industry peers is 2.0%. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₩10,400, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 17x in the IT industry in South Korea. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩8,360, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 18x in the IT industry in South Korea. Total loss to shareholders of 36% over the past year. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 24% share price gain to ₩11,100, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 15x in the IT industry in South Korea. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩9,420, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 16x in the IT industry in South Korea. Total loss to shareholders of 33% over the past year. Buying Opportunity • May 06
Now 20% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be ₩15,705, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last year. Earnings per share has declined by 26%. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 16% share price gain to ₩13,100, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 16x in the IT industry in South Korea. Buying Opportunity • Feb 15
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₩13,948, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Jan 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.4%. The fair value is estimated to be ₩13,760, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩11,300, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 18x in the IT industry in South Korea. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩14,000, the stock trades at a trailing P/E ratio of 22x. Average forward P/E is 16x in the IT industry in South Korea. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₩17,100, the stock trades at a trailing P/E ratio of 26.9x. Average forward P/E is 16x in the IT industry in South Korea.