Reported Earnings • Mar 17
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₩8,072 (up from ₩4,199 in FY 2024). Revenue: ₩884.9b (down 6.1% from FY 2024). Net income: ₩85.3b (up 85% from FY 2024). Profit margin: 9.6% (up from 4.9% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Services industry in South Korea. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩46,200, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Consumer Services industry in South Korea. Total loss to shareholders of 33% over the past three years. Price Target Changed • Jan 26
Price target decreased by 9.2% to ₩58,900 Down from ₩64,900, the current price target is an average from 3 analysts. New target price is 37% above last closing price of ₩43,100. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₩8,407 for next year compared to ₩4,199 last year. Price Target Changed • Aug 13
Price target increased by 9.5% to ₩63,175 Up from ₩57,675, the current price target is an average from 4 analysts. New target price is 32% above last closing price of ₩47,950. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of ₩8,491 for next year compared to ₩4,199 last year. Duyuru • May 09
MegaStudyEdu Co. Ltd (KOSDAQ:A215200) agreed to acquire 95.46% stake in ST Unitas Co. Ltd. from BCC Veritas Aggregator, LP and others for KRW 45.3 billion. MegaStudyEdu Co. Ltd (KOSDAQ:A215200) agreed to acquire 95.46% stake in ST Unitas Co. Ltd. from BCC Veritas Aggregator, LP and others for KRW 45.3 billion on May 8, 2025. A cash consideration of KRW 45.3 billion will be paid by MegaStudyEdu Co. Ltd. As part of consideration, KRW 45.3 billion is paid towards common equity of ST Unitas Co. Ltd.
The expected completion of the transaction is May 9, 2025. Duyuru • Apr 09
MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces an Equity Buyback for KRW 20,000 million worth of its shares. MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of its shares pursuant to a trust agreement with NH Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to improve shareholder value. The program will continue until October 7, 2025. As of April 7, 2025, the company had 0 common shares in treasury through buyback within dividend capacity and 11,960 shares in treasury through other acquisitions. New Risk • Mar 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% 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: 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 (4.9% net profit margin). Price Target Changed • Nov 14
Price target decreased by 14% to ₩61,175 Down from ₩71,500, the current price target is an average from 4 analysts. New target price is 57% above last closing price of ₩38,900. Stock is down 34% over the past year. The company is forecast to post earnings per share of ₩7,256 for next year compared to ₩8,118 last year. Major Estimate Revision • Aug 06
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩980.8m to ₩933.8m. EPS estimate also fell from ₩9,339 per share to ₩7,539 per share. Net income forecast to grow 0.7% next year vs 11% growth forecast for Consumer Services industry in South Korea. Consensus price target down from ₩79,250 to ₩76,250. Share price fell 7.6% to ₩46,650 over the past week. Major Estimate Revision • Jul 25
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS estimate fell from ₩10,564 to ₩9,339. Revenue forecast reaffirmed at ₩1.01b. Net income forecast to grow 34% next year vs 11% growth forecast for Consumer Services industry in South Korea. Consensus price target down from ₩81,750 to ₩79,250. Share price was steady at ₩53,100 over the past week. Duyuru • Jul 08
MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces an Equity Buyback for KRW 10,000 million worth of its shares. MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a trust agreement with Shinhan Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to improve shareholder value. The program will continue until July 7, 2025. As of July 7, 2024, the company had 658,178 common shares in treasury through buyback within dividend capacity and 11,960 shares in treasury through other acquisitions. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₩1.01b to ₩994.7m. EPS estimate also fell from ₩10,564 per share to ₩9,415 per share. Net income forecast to grow 16% next year vs 17% growth forecast for Consumer Services industry in South Korea. Consensus price target up from ₩79,250 to ₩81,750. Share price was steady at ₩61,700 over the past week. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩61,600, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Consumer Services industry in Asia. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩63,335 per share. Buy Or Sell Opportunity • Mar 20
Now 21% overvalued Over the last 90 days, the stock has fallen 3.5% to ₩59,900. The fair value is estimated to be ₩49,646, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩8,118 (vs ₩8,793 in FY 2022) Full year 2023 results: EPS: ₩8,118 (down from ₩8,793 in FY 2022). Revenue: ₩935.2b (up 12% from FY 2022). Net income: ₩94.6b (down 8.7% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Mar 01
MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces an Equity Buyback for KRW 10,000 million worth of its shares. MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until February 28, 2025. As of February 28, 2024, the company had 390,586 common shares in treasury through buyback within dividend capacity and 11,960 shares in treasury through other acquisitions. Duyuru • Jan 18
MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces an Equity Buyback for KRW 10,000 million worth of its shares. MegaStudyEdu Co. Ltd (KOSDAQ:A215200) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until January 24, 2025. As of January 17, 2024, the company had 188,404 common shares in treasury through buyback within dividend capacity and 11,960 shares in treasury through other acquisitions. Upcoming Dividend • Dec 20
Upcoming dividend of ₩2,100 per share at 3.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 15 April 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of South Korean dividend payers (3.5%). In line with average of industry peers (3.5%). Price Target Changed • Jul 15
Price target decreased by 9.5% to ₩83,000 Down from ₩91,667, the current price target is an average from 3 analysts. New target price is 58% above last closing price of ₩52,600. Stock is down 31% over the past year. The company is forecast to post earnings per share of ₩9,097 for next year compared to ₩8,793 last year. Price Target Changed • May 17
Price target decreased by 13% to ₩91,000 Down from ₩105,000, the current price target is an average from 2 analysts. New target price is 42% above last closing price of ₩64,000. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₩9,274 for next year compared to ₩8,793 last year. Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ₩10,355 to ₩9,267 per share. Revenue forecast steady at ₩946.9m. Net income forecast to grow 6.2% next year vs 25% growth forecast for Consumer Services industry in South Korea. Consensus price target down from ₩105,000 to ₩101,000. Share price rose 7.7% to ₩60,500 over the past week. Price Target Changed • Feb 16
Price target decreased by 7.4% to ₩105,000 Down from ₩113,333, the current price target is an average from 2 analysts. New target price is 53% above last closing price of ₩68,700. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₩8,585 for next year compared to ₩6,893 last year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩2,000 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 13 April 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 18% share price gain to ₩83,100, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Services industry in South Korea. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩82,600, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Consumer Services industry in Asia. Total returns to shareholders of 128% over the past three years. Price Target Changed • Apr 27
Price target increased to ₩130,000 Up from ₩115,000, the current price target is provided by 1 analyst. New target price is 34% above last closing price of ₩97,100. Stock is up 69% over the past year. The company is forecast to post earnings per share of ₩9,940 for next year compared to ₩6,893 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩750 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 April 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ₩2,989 (vs ₩1,005 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₩196.0b (up 56% from 3Q 2020). Net income: ₩35.2b (up 198% from 3Q 2020). Profit margin: 18% (up from 9.4% 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 4% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS ₩2,104 (vs ₩868 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₩161.9b (up 42% from 2Q 2020). Net income: ₩24.8b (up 143% from 2Q 2020). Profit margin: 15% (up from 8.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Price Target Changed • Jul 06
Price target increased to ₩85,500 Up from ₩78,000, the current price target is an average from 2 analysts. New target price is 17% above last closing price of ₩73,000. Stock is up 106% over the past year. Reported Earnings • May 13
First quarter 2021 earnings released: EPS ₩1,014 (vs ₩100.00 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩172.2b (up 57% from 1Q 2020). Net income: ₩11.9b (up ₩10.8b from 1Q 2020). Profit margin: 6.9% (up from 1.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS ₩1,831 (vs ₩4,035 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₩474.7b (up 8.5% from FY 2019). Net income: ₩21.5b (down 54% from FY 2019). Profit margin: 4.5% (down from 11% in FY 2019). 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 but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 04
New 90-day high: ₩56,000 The company is up 46% from its price of ₩38,400 on 04 December 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period. Is New 90 Day High Low • Feb 09
New 90-day high: ₩45,500 The company is up 14% from its price of ₩39,900 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: ₩40,650 The company is up 33% from its price of ₩30,550 on 06 October 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩1,100 Per Share Will be paid on the 10th of April to those who are registered shareholders by the 29th of December. The trailing yield of 3.1% is in the top quartile of South Korean dividend payers (2.6%), and it is in line with industry peers (3.2%). Price Target Changed • Nov 19
Price target raised to ₩58,000 Up from ₩50,000, the current price target is provided by 1 analyst. The new target price is 46% above the current share price of ₩39,850. As of last close, the stock is up 11% over the past year. Is New 90 Day High Low • Nov 10
New 90-day high: ₩37,450 The company is up 12% from its price of ₩33,450 on 12 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Services industry, which is up 6.0% over the same period. Major Estimate Revision • Oct 24
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from ₩2,921 to ₩2,482. Revenue estimate was approximately flat at ₩459.0m. Net income is expected to grow by 41% next year compared to 26% growth forecast for the Consumer Services industry in South Korea. The consensus price target increased from ₩50,000 to ₩53,000. Share price is up 6.8% to ₩36,850 over the past week. Is New 90 Day High Low • Oct 20
New 90-day high: ₩35,600 The company is up 3.0% from its price of ₩34,500 on 22 July 2020. The South Korean market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: ₩30,300 The company is down 17% from its price of ₩36,450 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 1.0% over the same period.