New Risk • Jun 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 84% Last year net profit margin: 1,112% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (84% net profit margin). Revenue is less than US$5m (₩6.4b revenue, or US$4.2m). Market cap is less than US$100m (₩56.0b market cap, or US$37.1m). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩3,830, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 11x in the Tech industry in South Korea. Total loss to shareholders of 12% over the past three years. Duyuru • Mar 04
Bluecom Co., Ltd., Annual General Meeting, Mar 27, 2026 Bluecom Co., Ltd., Annual General Meeting, Mar 27, 2026, at 08:30 Tokyo Standard Time. Location: conference room, 323, incheon tower-daero, yeonsu-gu, incheon South Korea Duyuru • Feb 12
Bluecom Co., Ltd. (KOSDAQ:A033560) announces an Equity Buyback for KRW 4,000 million worth of its shares. Bluecom Co., Ltd. (KOSDAQ:A033560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase program is to stabilize stock prices and enhance shareholder value. The share repurchase program is valid until August 11, 2026. As February 12, 2026, the company had 1,708,720 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase. New Risk • Nov 26
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₩5.9b (US$4.0m) This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (₩5.9b revenue, or US$4.0m). Market cap is less than US$100m (₩45.3b market cap, or US$30.9m). Duyuru • Aug 11
Bluecom Co., Ltd. (KOSDAQ:A033560) announces an Equity Buyback for KRW 3,000 million worth of its shares. Bluecom Co., Ltd. (KOSDAQ:A033560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase program is to enhance shareholder value. The share repurchase program is valid until February 10, 2026. As August 10, 2025, the company had 761,453 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩139 (vs ₩161 loss in FY 2023) Full year 2024 results: EPS: ₩139 (up from ₩161 loss in FY 2023). Revenue: ₩18.3b (down 44% from FY 2023). Net income: ₩2.38b (up ₩5.12b from FY 2023). Profit margin: 13% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Duyuru • Mar 01
Bluecom Co., Ltd., Annual General Meeting, Mar 21, 2025 Bluecom Co., Ltd., Annual General Meeting, Mar 21, 2025, at 08:30 Tokyo Standard Time. Location: conference room, 323, incheontower-daero, yeonsu-gu, incheon South Korea Duyuru • Feb 07
Bluecom Co., Ltd. (KOSDAQ:A033560) announces an Equity Buyback for KRW 2,500 million worth of its shares. Bluecom Co., Ltd. (KOSDAQ:A033560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,500 million worth of shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase program is to enhance shareholder value. The share repurchase program is valid until August 6, 2025. As February 6, 2025, the company had 34,753 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase. 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 Market cap is less than US$100m (₩52.3b market cap, or US$36.4m). Reported Earnings • Mar 19
Full year 2023 earnings released: ₩161 loss per share (vs ₩16.00 loss in FY 2022) Full year 2023 results: ₩161 loss per share (further deteriorated from ₩16.00 loss in FY 2022). Revenue: ₩32.8b (down 44% from FY 2022). Net loss: ₩2.75b (loss widened ₩2.48b from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 0.3% 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 Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩52.6b market cap, or US$40.6m). New Risk • Jul 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 9.5% 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 Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₩61.4b market cap, or US$47.8m). Reported Earnings • Mar 22
Full year 2022 earnings released: ₩16.00 loss per share (vs ₩4.00 profit in FY 2021) Full year 2022 results: ₩16.00 loss per share (down from ₩4.00 profit in FY 2021). Revenue: ₩58.6b (down 18% from FY 2021). Net loss: ₩264.7m (down ₩329.2m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 21
Upcoming dividend of ₩5.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 24 April 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.1%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 16% share price gain to ₩11,650, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 18x in the Tech industry in South Korea. Total returns to shareholders of 193% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 17% share price gain to ₩12,500, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 28x in the Tech industry in South Korea. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 18% share price gain to ₩10,500, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 26x in the Tech industry in South Korea. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₩9,650, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 25x in the Tech industry in South Korea. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improved over the past week After last week's 19% share price gain to ₩6,870, the stock is trading at a trailing P/E ratio of 21.2x, up from the previous P/E ratio of 17.8x. This compares to an average P/E of 25x in the Tech industry in South Korea. Total return to shareholders over the past three years is a loss of 8.1%. Is New 90 Day High Low • Feb 18
New 90-day high: ₩6,550 The company is up 6.0% from its price of ₩6,180 on 20 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 29% over the same period. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 23% share price gain to ₩5,920, the stock is trading at a trailing P/E ratio of 18.3x, up from the previous P/E ratio of 14.8x. This compares to an average P/E of 24x in the Tech industry in South Korea. Total return to shareholders over the past three years is a loss of 16%. Is New 90 Day High Low • Jan 18
New 90-day low: ₩4,920 The company is down 27% from its price of ₩6,710 on 20 October 2020. The South Korean market is up 30% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 46% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: ₩5,580 The company is down 26% from its price of ₩7,500 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: ₩5,700 The company is down 23% from its price of ₩7,390 on 19 August 2020. The South Korean market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 13% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS ₩129 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩21.3b (up 171% from 3Q 2019). Net income: ₩2.33b (up ₩2.07b from 3Q 2019). Profit margin: 11% (up from 3.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 19
New 90-day low: ₩6,710 The company is down 15% from its price of ₩7,910 on 21 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.