Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩16,660, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 20x in the Communications industry in South Korea. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₩14,740, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 21x in the Communications industry in South Korea. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to ₩11,860, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 13x in the Communications industry in South Korea. Total returns to shareholders of 38% over the past three years. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: ₩354 (vs ₩1,915 in FY 2024) Full year 2025 results: EPS: ₩354 (down from ₩1,915 in FY 2024). Revenue: ₩75.5b (down 43% from FY 2024). Net income: ₩3.67b (down 82% from FY 2024). Profit margin: 4.9% (down from 16% in FY 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Mar 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 13% 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 (13% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (₩132.7b market cap, or US$88.6m). Announcement • Mar 13
WooriNet, Inc., Annual General Meeting, Mar 31, 2026 WooriNet, Inc., Annual General Meeting, Mar 31, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 80, beolmal-ro, dongan-gu, gyeonggi-do, anyang South Korea Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩7,510, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 10x in the Communications industry in South Korea. Total loss to shareholders of 21% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩100.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 06 April 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.1%). Declared Dividend • Nov 08
Dividend of ₩100.00 announced Dividend of ₩100.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 6th April 2026 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 07
WooriNet, Inc. announces Annual dividend, payable on April 06, 2026 WooriNet, Inc. announced Annual dividend of KRW 100.0000 per share payable on April 06, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Announcement • Oct 21
WooriNet, Inc. (KOSDAQ:A115440) agreed to acquire 62% stake in I-STORM from Lee Kwan-ho for KRW 10 billion. WooriNet, Inc. (KOSDAQ:A115440) agreed to acquire 62% stake in I-STORM from Lee Kwan-ho for KRW 10 billion on October 20, 2025. A cash consideration of KRW 10.04 billion will be paid by WooriNet, Inc. for 0.248 million shares.
For the period ending December 31, 2024, I-STORM reported total revenue of KRW 11.28 billion and net income of KRW 2.69 billion. As of December 31, 2024, I-STORM reported total debt of KRW 2.4 billion, total assets of KRW 11.07 billion and total common equity of KRW 8.66 billion.
The expected completion of the transaction is October 20, 2025. New Risk • Aug 30
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: 3.0% Last year net profit margin: 19% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (₩69.1b market cap, or US$49.8m). Announcement • Mar 13
WooriNet, Inc., Annual General Meeting, Mar 26, 2025 WooriNet, Inc., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 361, simin-daero, dongan-gu, gyeonggi-do, anyang South Korea Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩8,750, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 16x in the Communications industry in South Korea. Total returns to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩7,060, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 13x in the Communications industry in South Korea. Total loss to shareholders of 14% over the past three years. New Risk • Dec 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 9.1% 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 (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (₩73.5b market cap, or US$51.4m). Announcement • Jul 10
WooriNet, Inc. (KOSDAQ:A115440) announces an Equity Buyback for KRW 2,000 million worth of its shares. WooriNet, Inc. (KOSDAQ:A115440) 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 NH INVESTMNET & SECURITIES CO.,LTD.. The purpose of the share repurchase is to enhance shareholder value. The repurchase program will expire on January 9, 2025. As of July 8, 2024, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. Announcement • Apr 26
Net Solutions Holdings Co., Ltd. completed the acquisition of additional 8.74% stake in WooriNet, Inc. (KOSDAQ:A115440) from WooriNet, Inc. (KOSDAQ:A115440). Net Solutions Holdings Co., Ltd. entered into stock sales agreement to acquire additional 8.74% stake in WooriNet, Inc. (KOSDAQ:A115440) from WooriNet, Inc. (KOSDAQ:A115440) for KRW 10.3 billion on March 26, 2024. Under the terms, KRW 10,344,785,000 was paid in gold for acquiring 940,435 shares in WooriNet at KRW 11,000 per share.
Net Solutions Holdings Co., Ltd. completed the acquisition of additional 8.74% stake in WooriNet, Inc. (KOSDAQ:A115440) from WooriNet, Inc. (KOSDAQ:A115440) on April 19, 2024. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩636 (vs ₩1,009 loss in FY 2022) Full year 2023 results: EPS: ₩636 (up from ₩1,009 loss in FY 2022). Revenue: ₩119.1b (up 91% from FY 2022). Net income: ₩6.76b (up ₩16.5b from FY 2022). Profit margin: 5.7% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Net Solutions Holdings Co., Ltd. acquired 17.67% stake in WooriNet, Inc. (KOSDAQ:A115440) from Seti Value-Up Holdings LLC for KRW 20.9 billion. Net Solutions Holdings Co., Ltd. acquired 17.67% stake in WooriNet, Inc. (KOSDAQ:A115440) from Seti Value-Up Holdings LLC for KRW 20.9 billion on January 30, 2024.
Net Solutions Holdings Co., Ltd. completed the acquisition of 17.67% stake in WooriNet, Inc. (KOSDAQ:A115440) from Seti Value-Up Holdings LLC for KRW 20.9 billion on January 30, 2024. Board Change • Nov 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₩11,550, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 17x in the Communications industry in South Korea. Total returns to shareholders of 62% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: ₩1,276 loss per share (vs ₩283 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩52.4b (down 29% from FY 2019). Net loss: ₩11.7b (down ₩13.6b from profit in FY 2019). Is New 90 Day High Low • Feb 24
New 90-day low: ₩9,030 The company is down 1.0% from its price of ₩9,150 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: ₩9,780 The company is up 12% from its price of ₩8,750 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: ₩9,730 The company is up 8.0% from its price of ₩9,050 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is up 2.0% over the same period.