New Risk • 19h
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 16% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩26b free cash flow). Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (₩26.3b market cap, or US$18.9m). New Risk • Apr 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩35b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩35b free cash flow). Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩75.0b market cap, or US$49.7m). Duyuru • Mar 17
Dexter Studios Co.,Ltd., Annual General Meeting, Mar 30, 2026 Dexter Studios Co.,Ltd., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 189, seongam-ro, mapo-gu, seoul South Korea New Risk • Nov 29
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -₩30b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-₩30b). Market cap is less than US$100m (₩116.1b market cap, or US$79.1m). New Risk • Aug 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩138.4b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.006% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩138.4b market cap, or US$99.5m). New Risk • May 31
New major risk - Revenue and earnings growth Earnings have declined by 0.006% 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. This is currently the only risk that has been identified for the company. New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩146.2b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Duyuru • Mar 14
Dexter Studios Co.,Ltd., Annual General Meeting, Mar 28, 2025 Dexter Studios Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 189, seongam-ro, mapo-gu, seoul South Korea 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 Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Sep 05
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 9.4% 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 5.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Reported Earnings • Mar 23
Full year 2023 earnings released: ₩61.00 loss per share (vs ₩261 loss in FY 2022) Full year 2023 results: ₩61.00 loss per share (improved from ₩261 loss in FY 2022). Revenue: ₩67.7b (up 2.7% from FY 2022). Net loss: ₩1.53b (loss narrowed 77% from FY 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 14% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • May 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be ₩20,157, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 21
Full year 2020 earnings released: ₩122 loss per share (vs ₩318 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: ₩26.3b (down 53% from FY 2019). Net loss: ₩3.04b (loss narrowed 61% from FY 2019). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 03
New 90-day high: ₩7,410 The company is up 40% from its price of ₩5,310 on 03 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 Entertainment industry, which is up 11% over the same period. Is New 90 Day High Low • Feb 09
New 90-day high: ₩7,080 The company is up 34% from its price of ₩5,290 on 11 November 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 27% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩6,250 The company is up 18% from its price of ₩5,300 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: ₩5,760 The company is up 8.0% from its price of ₩5,330 on 29 September 2020. The South Korean market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is flat over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: ₩4,950 The company is down 15% from its price of ₩5,790 on 31 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 2.0% over the same period.