GC MediEye is classified under the games and software sector, a small-to-mid-cap company that steadily generates revenue from content and software, posting annual 2025 revenue of ₩197.7 billion. A February 2026 filing confirmed full-year revenue of ₩197.7 billion, operating profit of ₩7.5 billion and net profit of ₩37.0 billion, and it earned ₩49.8 billion in revenue and ₩2.2 billion in operating profit in the first quarter. With operating profit rising every year and net profit swinging into the black, profitability is strong, shown by an ROE of 26.1%. What stands out recently is that if core operating profit tracks the outlook and quarterly earnings stabilize, the low valuation of a 3.78x P/E and a 0.99x P/B could be strongly highlighted; on the other hand, because the 2025 net margin (18.7%) was higher than the operating margin (3.8%), non-operating items were mixed into net profit, and with quarterly net profit falling year over year, the appeal could weaken if reliance on non-operating gains for net profit grows.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt ratio, current ratio and interest burden all look healthy.
- Revenue rose 3.7% year over year, and the pace is slowing (3-year trend: rising).
- Net profit swung from a loss a year earlier back into the black (a turnaround).
- Most recent quarter (Q1 2026) revenue was 10.0% higher than a year earlier.
- ROE is 26.1% (controlling-interest basis). It is above the sector average.
- Operating margin is 3.8%.
- The P/E sits below the sector median.
Ownership & governance As of 2025-12-31
Largest shareholder GC Care 52.65% (corporate)
Controlling bloc incl. related parties 52.78%
With the controlling bloc holding 53%, control is very secure but the free float is thin.
🔎 In-depth analysis
- GC MediEye is classified under the games and software sector.
- Annual 2025 revenue was ₩197.7 billion, steadily generated from its content and software business.
- As a small-to-mid-cap stock with a market capitalization of ₩139.9 billion, it is worth watching not only the underlying flow of the business but also the fact that a single quarterly earnings filing can have a relatively large effect on earnings and the share price.
- The most recent close was ₩2,960 and the market cap is ₩154.5 billion.
- The price sits above the 20-day line (₩2,959) but below the 60-day line (₩3,493).
- Short- and medium-term trends are mixed, so direction should be read separately for each.
- The RSI (a supplementary gauge comparing recent 14-day upward and downward strength on a 0-100 scale) is 44.1, a neutral level.
- The one-month change is -2.9%, the three-month change is -23.4%, and the position versus the 52-week high is -31.6%.
- Relative strength against KOSDAQ is 60 (1-99, converting return versus the index over the past year with more weight on recent periods; higher means stronger than the market).
- That places it in roughly the top 40% of all stocks by strength.
- Over the past three months it outpaced the index by 3.4%.
- Chart reading is best done alongside trading volume and filing dates.
- Annual 2025 revenue was ₩197.7 billion, operating profit ₩7.5 billion and net profit ₩37.0 billion.
- ROE (how much is earned in a year on shareholders' equity) is 26.1%, above the sector average, while the debt ratio (debt relative to equity) is 48.6% and the current ratio is 1.83x, indicating a fairly stable financial structure.
- The current P/E (how many times a year's earnings the price is) is 4.18x and the P/B (how many times book value the price is) is 1.09x.
- A P/B below 1x means the price is trading around the level of the company's net assets, and a 3.78x P/E is below the sector median.
- For a stock whose earnings have just turned from a loss to a profit, the forward flow of earnings is closer to the essence than metrics calculated from a single past year; by that measure too, the current valuation leans toward the cheap side relative to both earnings and assets.
- Revenue rose from ₩154.0 billion in 2023 to ₩190.6 billion in 2024 and ₩197.7 billion in 2025, a three-year average annual increase of 13.3%.
- Operating profit grew every year, from ₩3.5 billion in 2023 to ₩5.2 billion in 2024 and ₩7.5 billion in 2025, a two-year average annual increase of 46.4%, while net profit swung sharply from a ₩1.6 billion loss in 2024 to a ₩37.0 billion profit in 2025.
- In the most recent quarter, revenue rose 10.0% year over year to ₩49.8 billion and operating profit jumped 421.6% to ₩2.2 billion.
- This year's outlook calls for revenue of ₩212.3 billion and operating profit of ₩11.3 billion, a picture in which revenue grows at a high-single-digit pace and the operating margin recovers, consistent in direction with the strong first-quarter operating profit growth and the earnings improvement trend of recent years.
- In other words, this year's profit outlook can be seen as a figure supported by both revenue growth and margin improvement, not a single quarter that briefly spiked.
- Recent filings center on earnings materials.
- A February 2, 2026 filing confirmed full-year 2025 revenue of ₩197.7 billion, operating profit of ₩7.5 billion and net profit of ₩37.0 billion (a revenue or profit-structure change disclosure), and a May 11, 2026 filing reported first-quarter 2026 revenue of ₩49.8 billion, operating profit of ₩2.2 billion and net profit of ₩0.5 billion (a fair-disclosure filing on consolidated provisional operating results and outlook).
- On an annual basis, earnings continue to improve, and whether the year-over-year decline in quarterly net profit is a one-off factor or a trend can be confirmed alongside the next quarter's data.
- The strengths are clear.
- With operating profit rising every year and net profit swinging into the black, profitability is strong at an ROE of 26.1%, the financial structure is stable, and at a 3.78x P/E and 0.99x P/B the price is cheap relative to both earnings and assets.
- The share price has corrected nearly 38% from its recent high, with the RSI in oversold territory, so a gap has opened between earnings improvement and price action.
- Points to watch alongside this: the 2025 net margin (18.7%) was higher than the operating margin (3.8%), meaning non-operating gains and losses affected net profit, and quarterly net profit fell year over year.
- Accordingly, if core operating profit tracks the outlook and quarterly earnings stabilize, the current low valuation could be strongly highlighted; conversely, if net profit's reliance on non-operating items grows or revenue growth slows further, that appeal could weaken.
🔎 Valuation vs peers Undervalued
A peer group within games and software with adjacent market capitalization.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Polaris Office | 28.78x | 1.57x | 5.44% |
| KG Financial | 6.47x | 0.42x | 6.54% |
| Neurophet | — | 5.39x | -115.10% |
Within games and software, we first looked at a public-data peer group with adjacent market capitalization. The current P/E (how many times a year's earnings the price is) is 4.18x and the P/B (how many times book value the price is) is 1.09x. That said, for lower-market-cap names, earnings swings and financing filings carry a large effect, so we did not draw firm conclusions from last year's confirmed-results metrics alone. The basis for the outlook box is a DART seasonality approximation.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩212.3 billion | ₩11.3 billion | — |
| Next quarter | Q2 2026 | ₩52.7 billion | ₩0.9 billion | — |
Price history Close · MA20 · MA60
The latest close is ₩2,960 and the market capitalization is ₩154.5 billion. The price sits above its 20-day moving average (₩2,959) and below its 60-day moving average (₩3,493). Short-term and medium-term trends are diverging, so the direction is best read separately. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 44.1, a neutral level. The one-month change is -2.9%, the three-month change is -23.4%, and the position relative to the 52-week high is -31.6%. Relative strength versus the KOSDAQ is 60 (on a 1-99 scale, converted from returns against the index over the past year with more weight on recent performance; higher means stronger than the market). It is stronger than roughly 60% of all stocks. Over the past three months it outpaced the index by 3.4%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
Relative performance stock vs index · start = 100
Excess return vs index · 3M +3.38% / 6M -3.55% / 12M -25.03%
Key metrics vs sector median
Valuation
The P/E of 4.18x is below the sector median (13.30x). The P/B of 1.09x is below the sector median (1.58x). Both metrics are low versus peers, so the price is not expensive relative to earnings and assets. That said, this P/E is based on last year's (trailing) results. With recent quarterly earnings up sharply, the trailing P/E can look higher than it really is, so a precise read is best done on this year's expected (forward) earnings.
Enterprise value (EV)
EV = market cap + net debt. It reflects cash and debt, so it captures the real cost of the whole business that market cap alone misses; lower multiples are cheaper relative to earnings or sales.
Intrinsic value (DCF estimate)
DCF (discounted cash flow) estimate — discount rate 10.7%, initial growth 4.0%→terminal 2.0%, 10-yr forecast, free-cash-flow basis. A reference range that shifts materially with assumptions.
Profitability & financials
Return on equity (ROE) is 26.1%, above the sector average (5.0%). The operating margin is 3.8%. The debt ratio is 48.6%, so the financial structure is stable.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $102.1M | $126.3M | $131.0M | +3.72% ↓ slower |
| Operating profit | $2.3M | $3.4M | $5.0M | +45.71% ↓ slower |
| Net profit | -$1.1M | -$1.1M | $24.5M | — |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $74.1M | $88.4M | $102.1M | $126.3M | $131.0M |
| Operating profit | $6.6M | $4.5M | $2.3M | $3.4M | $5.0M |
| Net profit | $8.8M | $2.4M | -$1.1M | -$1.1M | $24.5M |
| Revenue CAGR | 4-yr avg 15.33% | ||||
Revenue rose 3.7% year over year (2023 ₩154.0 billion → 2024 ₩190.6 billion → 2025 ₩197.7 billion), and the three-year trend is 'rising'. That said, the pace of growth slowed from the prior year. Operating profit rose 45.7% year over year. The pace of that profit growth is gradually easing. Over the 5 years on record, revenue compound annual growth (CAGR) is 15.3%. The two-year revenue CAGR is 13.3%. In the most recent quarter (Q1 2026), revenue was 10.0% higher than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- P/E and P/B are both low versus peers, so the price looks inexpensive relative to earnings and assets.
- ROE of 26.1% points to solid profitability.
- The balance sheet is stable in terms of debt and liquidity.
Points to watch
- Revenue rose 3.7% year over year, and the pace is slowing (3-year trend: rising).
Recent news & events searched · sourced
- 2026-05-11EarningsConsolidated provisional operating results (fair disclosure): Q1 2026 revenue ₩49.8 billion, operating profit ₩2.2 billion, net profit ₩0.5 billionRecent confirmed or provisional earnings material. Check whether it moves in the same direction as the annual trend and whether any one-off factors are present. Source
- 2026-02-02EarningsChange in revenue or profit structure of 30% or more (15% for large corporations): full-year revenue ₩197.7 billion, operating profit ₩7.5 billion, net profit ₩37.0 billionRecent confirmed or provisional earnings material. Check whether it moves in the same direction as the annual trend and whether any one-off factors are present. Source
- 2026-05-11EarningsOutlook on consolidated operating results (fair disclosure): Q1 2026 revenue ₩49.8 billion, operating profit ₩2.2 billion, net profit ₩0.5 billionRecent confirmed or provisional earnings material. Check whether it moves in the same direction as the annual trend and whether any one-off factors are present. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩2,960 | ₩2,960 | Confirmed | link |
| Latest quarterly results | revenue ₩49.8 billion, operating profit ₩2.2 billion | revenue ₩49.8 billion, operating profit ₩2.2 billion | Confirmed | link |
| Annual results | revenue ₩197.7 billion, operating profit ₩7.5 billion | revenue ₩197.7 billion, operating profit ₩7.5 billion | Confirmed | link |
| Earnings filing source text | : 2026 1 revenue ₩49.8 billion · operating profit ₩2.2 billion · net profit ₩0.5 billion | : 2026 1 revenue ₩49.8 billion · operating profit ₩2.2 billion · net profit ₩0.5 billion | Confirmed | link |
| Earnings filing source text | revenue30%: revenue ₩197.7 billion · operating profit ₩7.5 billion · net profit ₩37.0 billion | revenue30%: revenue ₩197.7 billion · operating profit ₩7.5 billion · net profit ₩37.0 billion | Confirmed | link |
| Earnings filing source text | : 2026 1 revenue ₩49.8 billion · operating profit ₩2.2 billion · net profit ₩0.5 billion | : 2026 1 revenue ₩49.8 billion · operating profit ₩2.2 billion · net profit ₩0.5 billion | Confirmed | link |
| Outlook box basis | DART | DART | Confirmed | link |
Recent filings
- 2026-06-10OwnershipOwnership-change filing
- 2026-05-20OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-20OwnershipOwnership-change filing
- 2026-05-19Disclosure
- 2026-05-15PeriodicQuarterly report
- 2026-05-11Fair-disclosure notice
- 2026-05-11EarningsFair-disclosure notice
- 2026-05-08OwnershipOwnership-change filing
- 2026-04-30Disclosure
- 2026-04-20OwnershipOwnership-change filing
- 2026-04-03OwnershipOfficers'/major-shareholders' holdings report
- 2026-04-03OwnershipOwnership-change filing
📖 Plain-language glossary — expand if you are new to this
- P/E
- How many times a year's net profit the price is worth (lower is cheaper relative to earnings). The P/E here is on trailing (last full-year) results; for companies whose earnings swing fast (memory chips and other cyclicals/high-growth), a forward P/E on this year's expected earnings is more accurate.
- P/B
- Price relative to net assets (equity). Around 1x means it trades near book value; below 1x means below book.
- P/S
- Price relative to a year's revenue — useful for growth companies with thin earnings.
- Net debt / EV
- Net debt = interest-bearing debt − cash. Negative means more cash than debt (net cash). EV (enterprise value) = market cap + net debt, closer to what it would cost to buy the whole business.
- EV/EBIT · EV/EBITDA · EV/Sales
- Enterprise value against operating profit (EBIT), EBITDA, or revenue. Unlike P/E these reflect debt and cash; lower is cheaper relative to earnings power or sales.
- FCF / FCF yield
- Free cash flow = operating cash − capex, the cash actually left over. FCF yield = FCF ÷ market cap; higher means more cash generated per unit of market value.
- Intrinsic value (DCF)
- Future free cash flow (or, for some capex-heavy but profitable names, forecast earnings) discounted to today to estimate per-share value. Because it shifts a lot with the discount-rate and growth assumptions, it is shown as a bear/base/bull range, and the basis and assumptions are disclosed in one line beneath it.
- ROE
- How much profit the company earns in a year on its equity (%). Higher means better returns on capital.
- EPS / BPS
- Earnings per share / net assets (book value) per share.
- Operating / net margin
- Profit left from the core business / final profit after tax and interest, per unit of revenue.
- Debt ratio
- Debt relative to equity (%). Higher means more reliance on borrowing (norms vary by sector).
- Current ratio
- Assets convertible to cash within a year against debt due within a year. Above 100% leaves some short-term headroom.
- Interest coverage
- How many times operating profit covers the interest owed. Below 1x means operating profit alone struggles to cover interest.
- Dividend yield / payout ratio
- The year's dividend as a % of today's price / the share of earnings paid out as dividends.
- Revenue CAGR
- Multi-year growth expressed as a single yearly average (compound annual growth rate).
- RSI (short-term signal)
- Whether recent price action is overheated or beaten down. Above 70 is overbought, below 30 oversold.
- MA20 / MA60 (moving averages)
- The 20- and 60-day average price. Price above them signals a firmer short-term trend.
- vs 52-week high
- How far below the past year's peak the price sits now (%).
All figures are for reference only; how they read varies by sector and over time.
Sources: Korea FSC market-price API (data.go.kr), OpenDART, KRX/KIND — public data only.
Bong Stocks presents public-data-based information for reference only. It is not investment advice and contains no target prices, ratings, or buy/sell recommendations. Verify independently before making any decision.