Valuation Update With 7 Day Price Move • 11h
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩3,020, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 77% over the past three years. New Risk • May 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (₩41.3b market cap, or US$27.4m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,665, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,970, the stock trades at a trailing P/E ratio of 70.6x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 6.1% over the past year. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: ₩56.00 (vs ₩177 in FY 2024) Full year 2025 results: EPS: ₩56.00 (down from ₩177 in FY 2024). Revenue: ₩19.2b (up 29% from FY 2024). Net income: ₩665.1m (down 68% from FY 2024). Profit margin: 3.5% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩3,135, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 31% over the past year. Duyuru • Feb 24
MONITORAPP Co., Ltd., Annual General Meeting, Mar 20, 2026 MONITORAPP Co., Ltd., Annual General Meeting, Mar 20, 2026, at 09:01 Tokyo Standard Time. Location: conference room, guro-gu, seoul South Korea Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩53.00 (vs ₩6.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩53.00 (up from ₩6.00 loss in 3Q 2024). Revenue: ₩5.11b (up 50% from 3Q 2024). Net income: ₩628.7m (up ₩696.8m from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). Reported Earnings • Aug 13
Second quarter 2025 earnings released: ₩45.00 loss per share (vs ₩64.00 profit in 2Q 2024) Second quarter 2025 results: ₩45.00 loss per share (down from ₩64.00 profit in 2Q 2024). Revenue: ₩3.80b (up 8.0% from 2Q 2024). Net loss: ₩535.1m (down 171% from profit in 2Q 2024). Duyuru • Jul 08
MONITORAPP Co., Ltd. (KOSDAQ:A434480) signed a letter of intent to acquire 46.09% stake in Somma Inc. for KRW 1.53 billion. MONITORAPP Co., Ltd. (KOSDAQ:A434480) signed a letter of intent to acquire 46.09% stake in Somma Inc. for KRW 1.53 billion on July 8, 2025. A cash consideration of KRW 1.53 billion will be paid by MONITORAPP Co., Ltd. As part of consideration, KRW 1.53 billion is paid towards common equity of Somma Inc.
For the period ending December 31, 2024, Somma Inc. reported total revenue of KRW 1.11 billion and net loss of KRW 1.02 billion. As of December 31, 2024, Somma Inc. reported total assets of KRW 3.13 billion and net liabilities of KRW 120 million.
The expected completion of the transaction is July 15, 2025. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩4,170, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 37% over the past year. Duyuru • Feb 21
MONITORAPP Co., Ltd., Annual General Meeting, Mar 28, 2025 MONITORAPP Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:01 Tokyo Standard Time. Location: conference room, guro-gu, seoul South Korea Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩5,540, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩5,060, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 24% over the past year. New Risk • Jan 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (115% accrual ratio). Minor Risk Market cap is less than US$100m (₩52.3b market cap, or US$35.9m). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to ₩4,445, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩2,795, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 57% over the past year. New Risk • Dec 03
New major risk - Revenue and earnings growth Earnings have declined by 20% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (115% accrual ratio). Minor Risk Market cap is less than US$100m (₩42.5b market cap, or US$30.3m). Reported Earnings • Dec 03
Third quarter 2024 earnings released: ₩6.00 loss per share (vs ₩45.00 profit in 3Q 2023) Third quarter 2024 results: ₩6.00 loss per share (down from ₩45.00 profit in 3Q 2023). Revenue: ₩3.41b (up 5.7% from 3Q 2023). Net loss: ₩68.1m (down 115% from profit in 3Q 2023). Duyuru • Nov 26
MONITORAPP Inc. Launches On-Premises ZTNA, AIZTNA MONITORAPP Inc. has recently introduced AIZTNA, an on-premises Zero Trust Network Access (ZTNA) appliance, expanding on its existing cloud-based AIONCLOUD Secure Remote Access (SRA) solution. The global demand for ZTNA solutions has risen sharply, driven by increased security needs for hybrid workforces and the limitations of traditional VPNs. Particularly in sectors like government, finance, and public institutions, there is a noticeable trend toward on-premises ZTNA deployments to balance security and compliance with flexibility. MONITORAPP's 'AIZTNA' appliance is released to address this demand by providing robust identity- and context-based access control (Software Defined Perimeter), blocking unauthorized access with device verification (Device Posture Check), and limiting users' data access by complying with the Least Privilege Principle. Additionally, the Micro-segmentation feature built within restricts users' internal movement with application-specific access control policies, strengthening internal security. The AIZTNA appliance offers high security and privacy protection by managing data internally and can be customized to meet the sophisticated needs of organizations. It also integrates seamlessly with existing infrastructure, maximizing operational efficiency. With the launch of 'AIZTNA', MONITORAPP now provides ZTNA in both cloud-based and on-premises formats to customers across various industries. This launch reinforces MONITORAPP's commitment to providing a full range of security solutions, from physical and virtual appliances to the cloud-based platform AIONCLOUD, enabling customers to tailor solutions to their unique network and policy requirements. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩3,345, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 12x in the Software industry in South Korea. Total loss to shareholders of 45% over the past year. Duyuru • Oct 30
MONITORAPP Co., Ltd. Brought an Upgraded Version of AIONCLOUD to Singapore Tech Week and Dubai GITEX Global MONITORAPP Inc. recently participated in two major industry events--Tech Week Singapore and GITEX Global in Dubai. The company introduced the enhanced version of its security platform, AIONCLOUD, to audiences across Asia-Pacific and the Middle East. As a trusted cybersecurity vendor, MONITORAPP delivers a wide range of application security technologies that safeguard businesses across the globe. Focused on providing proprietary cybersecurity solutions, the company enables organizations to secure their web applications and sensitive data from emerging threats. With extensive experience in the international market, MONITORAPP provides adaptable security solutions through hardware and software appliances and the cloud-based SECaaS platform, AIONCLOU DPI, ATP, RBI, and more, all provided through a global network of 40 Edge/PoP locations for minimal latency and high availability. Tech Week Singapore, the largest IT exhibition in the Asia-Pacific region, provides a prime opportunity for companies to display cutting-edge solutions within these categories. Similarly, GITEX Global is the largest tech event in the Middle East and Africa, drawing over 6,500 companies from 180 countries. During the two events, MONITORAPP operated independent booths and presented its integrated global edge security platform, AIONCLouD, to approximately 1,300 attendees, enhancing brand awareness in the region. In addition, with the opportunity to directly exchange with end users, potential partners, and customers at the event, MONITORAPP also recorded outstanding demands in the field and will further develop its existing services. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩4,455, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 14x in the Software industry in South Korea. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₩5,030, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 15x in the Software industry in South Korea. Total loss to shareholders of 34% over the past year. Buy Or Sell Opportunity • Aug 29
Now 24% overvalued Over the last 90 days, the stock has fallen 19% to ₩4,420. The fair value is estimated to be ₩3,569, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last year. Meanwhile, the company became loss making. New Risk • Aug 28
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 11% 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 74% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩51.8b market cap, or US$38.8m). New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings have declined by 74% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 74% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩65.3b market cap, or US$47.7m). New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩71.3b market cap, or US$52.4m). New Risk • Mar 26
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 9.2% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₩78.3b market cap, or US$58.5m). New Risk • Oct 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩97.5b market cap, or US$72.4m). New Risk • Sep 01
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩92.3b market cap, or US$70.1m). New Risk • Jun 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩128.1b (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. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (₩128.1b market cap, or US$99.2m).