Duyuru • Jun 21
Korea E-Commerce Holdings Co., Ltd. agreed to acquire an unknown minority stake in Connectwave Co., Ltd. (KOSDAQ:A119860). Korea E-Commerce Holdings Co., Ltd. agreed to acquire an unknown minority stake in Connectwave Co., Ltd. (KOSDAQ:A119860) on June 20, 2024. The consideration will be paid at a per share price of KRW 18,000, and exchange ratio of 1:0.2327687. Duyuru • Jun 20
Korea E-Commerce Holdings II, Inc. completed the acquisition of additional 2.42% stake in Connectwave Co., Ltd. (KOSDAQ:A119860) for KRW 23.9 billion. Korea E-Commerce Holdings II, Inc. proposed to acquire an additional 13.02% stake in Connectwave Co., Ltd. (KOSDAQ:A119860) approximately KRW 130 billion on May 27, 2024. A cash consideration valued at KRW 18000 per share will be paid by Korea E-Commerce to acquire 7,130,032 shares.
Korea E-Commerce Holdings II, Inc. completed the acquisition of additional 2.42% stake in Connectwave Co., Ltd. (KOSDAQ:A119860) for KRW 23.9 billion on June 17, 2024. Duyuru • Apr 30
MBK Partners made an offer to acquire a 29.16% stake Connectwave Co., Ltd. (KOSDAQ:A119860) for KRW 300 billion MBK Partners made an offer to acquire a 29.16% stake Connectwave Co., Ltd. (KOSDAQ:A119860) for KRW 300 billion on April 29, 2024. MBK Partners will offer KRW 18000 per share for 16.64 million shares. New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩15,260, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 26x in the Interactive Media and Services industry in South Korea. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩13,300, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 20x in the Interactive Media and Services industry in South Korea. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩15,300, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 23x in the Interactive Media and Services industry in South Korea. Total loss to shareholders of 48% over the past three years. Buying Opportunity • Jul 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be ₩14,867, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 72%. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩14,850, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 22x in the Online Retail industry in Asia. Total loss to shareholders of 38% over the past three years. Price Target Changed • Nov 16
Price target decreased to ₩24,000 Down from ₩30,000, the current price target is provided by 1 analyst. New target price is 33% above last closing price of ₩18,050. The company is forecast to post earnings per share of ₩2,663 for next year compared to ₩2,235 last year. Major Estimate Revision • May 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from ₩233.5m to ₩161.0m. EPS estimate increased from ₩2,509 to ₩2,780 per share. Net income forecast to grow 24% next year vs 18% growth forecast for Online Retail industry in South Korea. Consensus price target down from ₩37,000 to ₩30,000. Share price was steady at ₩18,300 over the past week. Price Target Changed • Apr 27
Price target decreased to ₩37,000 Down from ₩42,667, the current price target is an average from 2 analysts. New target price is 71% above last closing price of ₩21,650. The company is forecast to post earnings per share of ₩2,509 for next year compared to ₩2,235 last year. Upcoming Dividend • Dec 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 04 April 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.5%). Upcoming Dividend • Dec 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 04 April 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of South Korean dividend payers (2.4%). Higher than average of industry peers (1.5%). Price Target Changed • Dec 21
Price target decreased to ₩37,000 Down from ₩42,667, the current price target is an average from 3 analysts. New target price is 41% above last closing price of ₩26,150. The company is forecast to post earnings per share of ₩2,223 for next year compared to ₩2,454 last year. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS ₩563 (vs ₩565 in 3Q 2020) The company reported a solid third quarter result with improved revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: ₩51.3b (up 3.2% from 3Q 2020). Net income: ₩7.30b (flat on 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₩34,400, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Online Retail industry in South Korea. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩68,680 per share. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₩2,454 (vs ₩1,821 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₩232.0b (up 35% from FY 2019). Net income: ₩31.8b (up 35% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 10
Danawa Co., Ltd, Annual General Meeting, Mar 25, 2021 Danawa Co., Ltd, Annual General Meeting, Mar 25, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Feb 01
New 90-day high: ₩32,950 The company is up 10.0% from its price of ₩30,050 on 03 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩49,803 per share. Is New 90 Day High Low • Jan 11
New 90-day high: ₩31,800 The company is up 5.0% from its price of ₩30,300 on 13 October 2020. The South Korean market is up 29% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩49,728 per share. Is New 90 Day High Low • Nov 25
New 90-day low: ₩28,750 The company is down 10.0% from its price of ₩31,950 on 28 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩33,054 per share.