Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩10,370, the stock trades at a trailing P/E ratio of 46x. Average trailing P/E is 13x in the IT industry in South Korea. Total returns to shareholders of 21% over the past three years. New Risk • Jun 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩155.3b (US$99.6m) 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 Share price has been highly volatile over the past 3 months (22% average weekly change). 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. Market cap is less than US$100m (₩155.3b market cap, or US$99.6m). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to ₩13,730, the stock trades at a trailing P/E ratio of 60.9x. Average trailing P/E is 16x in the IT industry in South Korea. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩13,910, the stock trades at a trailing P/E ratio of 64.5x. Average trailing P/E is 20x in the IT industry in South Korea. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩15,810, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 20x in the IT industry in South Korea. Total returns to shareholders of 107% over the past three years. New Risk • Apr 16
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 14% 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 Earnings have declined by 0.6% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩10,530, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 28% over the past three years. New Risk • Mar 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.6% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (₩105.3b market cap, or US$69.7m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩7,780, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 19x in the IT industry in South Korea. Total returns to shareholders of 18% over the past three years. Duyuru • Feb 24
Korea Computer & Systems Inc., Annual General Meeting, Mar 26, 2026 Korea Computer & Systems Inc., Annual General Meeting, Mar 26, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 281, dokmak-ro, mapo-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩180 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 16 April 2026. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.4%). Declared Dividend • Nov 08
Dividend of ₩180 announced Dividend of ₩180 is the same as last year. Ex-date: 29th December 2025 Payment date: 16th April 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.1%. Sustainability & Growth The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Duyuru • Nov 07
Korea Computer & Systems Inc. announces Annual dividend, payable on April 16, 2026 Korea Computer & Systems Inc. announced Annual dividend of KRW 180.0000 per share payable on April 16, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩11,520, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 18x in the IT industry in South Korea. Total returns to shareholders of 153% over the past three years. Duyuru • Feb 22
Korea Computer & Systems Inc., Annual General Meeting, Mar 26, 2025 Korea Computer & Systems Inc., Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 281, dokmak-ro, mapo-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩180 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 16 April 2025. Trailing yield: 1.8%. Lower than top quartile of South Korean dividend payers (3.9%). In line with average of industry peers (1.7%). New Risk • Aug 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 8.0% 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 Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). High level of non-cash earnings (30% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₩59.2b market cap, or US$43.4m). Upcoming Dividend • Dec 20
Upcoming dividend of ₩140 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Trailing yield: 2.0%. Lower than top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (1.2%). Upcoming Dividend • Dec 21
Upcoming dividend of ₩220 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 26 April 2023. Trailing yield: 3.9%. Within top quartile of South Korean dividend payers (3.3%). Higher than average of industry peers (2.0%). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced 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: Insufficient board refreshment. Duyuru • Aug 25
Korea Computer & Systems Inc. (KOSDAQ:A115500) announces an Equity Buyback for KRW 1,000 million worth of its shares. Korea Computer & Systems Inc. (KOSDAQ:A115500) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase is stock price stability and shareholder value enhancement. The repurchase program will expire on February 24, 2023. As of August 24, 2022, the company had 775,656 shares within scope available for dividend and had no shares in treasury through other repurchase. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced 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: Insufficient board refreshment. Upcoming Dividend • Dec 22
Inaugural dividend of ₩220 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Korea Computer & Systems since going public. The average dividend yield among industry peers is 1.4%. Upcoming Dividend • Dec 22
Inaugural dividend of ₩220 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 20 April 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for Korea Computer & Systems since going public. The average dividend yield among industry peers is 1.4%. Is New 90 Day High Low • Feb 26
New 90-day high: ₩8,600 The company is up 49% from its price of ₩5,770 on 27 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 12% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩220 Per Share Will be paid on the 21st of April to those who are registered shareholders by the 29th of December. This is the first dividend for Korea Computer & Systems since going public. The average dividend yield among industry peers is 1.3%. Is New 90 Day High Low • Dec 17
New 90-day high: ₩6,780 The company is up 49% from its price of ₩4,560 on 18 September 2020. The South Korean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day high: ₩6,340 The company is up 35% from its price of ₩4,690 on 29 July 2020. The South Korean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 07
New 90-day high: ₩5,230 The company is up 3.0% from its price of ₩5,070 on 09 July 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 IT industry, which is up 6.0% over the same period. 
