Infobine (115310) 🔎 In-depth
KOSDAQ · Price as of 2026-08-06 · Updated 2026-08-09
Infobine is a small-cap telecom-services stock with annual revenue of ₩28.7 billion and a market cap of ₩105.5 billion, where individual filings such as treasury-share and stock-split actions, on top of the business itself, also need to be watched for their effect on the share count and price. In May 2026 it flagged a treasury-share cancellation to enhance shareholder value, in July 2025 it filed a treasury-share acquisition results report, and in April 2026 the trading suspension was lifted upon the relisting of shares following a stock split. On the plus side, an operating margin in the low-20% range, ample liquidity, and active shareholder returns through treasury-share cancellation and buybacks support the downside; on the cautious side, earnings fell in both 2025 and Q1, and the forward P/E sits above the peer set, so if the earnings decline continues that valuation could turn into a burden, making the direction of quarterly earnings the key thing to confirm.
This page organises public market and filing data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Metrics labelled “forward” are our own unverified estimates. Please verify with the original DART filings and decide at your own responsibility.
30-second brief
Pulled directly from the computed values below — not a separately written opinion.
What do the SourceComputedEstimateReading tags mean?
Source filings and exchange data · Computed calculated from public data · Estimate our own unverified projection · Reading drafted automatically, then rule-checked. See AI & Automation.
Core valuation metric
This stock's effective sub-sector is “Information Security” (Internet, Platforms & Software · Software), a type typically read first through P/E.
Information-security firms provide security solutions and maintenance to businesses and institutions, with subscription and contract revenue accumulating steadily and flowing fairly reliably into profit. Because revenue translates cleanly into current-year net income, price-to-earnings (P/E) is the natural first read.
Price against earnings alone becomes unstable when earnings swing. Reading it together with price against assets helps gauge the downside.
This note explains how each sector is typically valued and is educational context only, not investment advice.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt ratio, current ratio and interest burden all look healthy.
- Revenue rose 14.0% year over year, and the pace is quickening (3-year trend: rising).
- Most recent quarter (Q1 2026) revenue was 3.5% lower than a year earlier.
- ROE is 7.0% (controlling-interest basis). It is above the sector average.
- Operating margin is 21.4%.
- The forward P/E sits above the sector median, reflecting elevated expectations.
Ownership & governance As of 2025-12-31
Largest shareholder Kwon Seong-jun 16.59% (individual)
Controlling bloc incl. related parties 17.43%
With the controlling bloc holding 17%, control is maintained but the free float is relatively large.
🔎 In-depth analysis Reading
As a small-cap with annual revenue of ₩28.7 billion and a market cap of ₩105.5 billion, individual filings such as treasury-share and stock-split actions, on top of the flow of the business itself, also need to be watched for their effect on the share count and price.
The latest close is ₩8,000 and the market capitalization is ₩118.7 billion. The price sits above its 20-day moving average (₩6,967) and above its 60-day moving average (₩7,979). It holds above both its short- and medium-term moving averages, so the trend looks healthy. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 55.9, a neutral level. The one-month change is +14.3%, the three-month change is -36.6%, and the position relative to the 52-week high is -91.2%. Relative strength versus the KOSDAQ is 5 (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 4% of all stocks. Over the past three months it lagged the index by 5.4%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
On a recent annual basis, revenue was ₩28.7 billion, operating profit ₩6.5 billion and net profit ₩7.0 billion. With an operating margin of 22.5% and a net margin of 24.5%, the share of earnings kept relative to sales is on the high side. The balance sheet is especially sturdy: the current ratio (assets convertible to cash within a year against debt due within a year) is a very ample 891% and interest coverage (how many times operating profit covers interest) reaches 30.7x. The debt ratio of 9.8% looks high on the number alone, but viewed together with current liabilities due within a year of only around ₩8.0 billion, the actual repayment burden is not a heavy structure. ROE (how much is earned in a year on shareholders' equity) is 7.4%, somewhat below the sector average. The P/E is 15.42x and the forward P/E is 18.57x, sitting above the peer set (6-13x). In other words, rather than an inflection phase where earnings leap higher, this reads as a state in which the current level of earnings is valued somewhat more generously than peers.
Revenue rose three years running, from ₩22.8 billion in 2023 to ₩25.2 billion in 2024 and ₩28.7 billion in 2025, with the pace of growth also quickening (up 14.0% year on year). Earnings, however, tell a different story from revenue. Operating profit fell from ₩7.9 billion in 2024 to ₩6.5 billion in 2025, and net profit from ₩9.0 billion in 2024 to ₩7.0 billion in 2025; the most recent quarter (Q1 2026) also saw revenue of ₩6.9 billion, down 3.5% from a year earlier, and operating profit of ₩1.9 billion, down 16.2%. On this year's outlook basis, revenue of about ₩28.3 billion and operating profit of about ₩6.9 billion are sketched out, reflecting a flow in which revenue holds at its current level and the margin confirmed in Q1 carries through the full year. Since these are not aggressively inflated figures but a view similar to 2025 results, this year's question is less about fresh growth than about where the reduced earnings settle and stabilize.
The filings carry a heavy weighting toward shareholder returns. On May 19, 2026, the company flagged a treasury-share cancellation to enhance shareholder value, and on July 11, 2025, it filed a treasury-share acquisition results report. A treasury-share cancellation is a step that removes shares the company has bought back, reducing the number of shares in circulation and raising the per-share value for remaining holders. On April 27, 2026, the trading suspension was lifted upon the relisting of shares following a stock split. It helps to check together whether these return- and capital-related filings are backed by actual earnings strength and cash flow.
The strengths are clear. An operating margin in the low-20% range, a stable balance sheet with ample liquidity and a low repayment burden, and active shareholder returns through treasury-share cancellation and buybacks are all in play, and the dividend appeal is also on the larger side. On the cautious side are the fact that earnings fell in both 2025 and Q1, and that the forward P/E sits above the peer set. In short, this is a stock with a strong character of supporting the downside through a stable balance sheet and steady returns, and if the reduced earnings stop falling and revenue growth once again flows through to earnings, the room to justify the current valuation grows larger. Conversely, if the earnings decline continues, the valuation that is high relative to peers could turn into a burden, so the key is to watch the direction of quarterly earnings.
🔎 Valuation vs peers Overvalued
Peers with nearby market caps within the telecom-services sector.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Dozn | 12.91x | 1.90x | 15.61% |
| NICE Information & Telecommunication | 6.57x | 0.64x | 12.28% |
| Korea Information & Communications | 8.27x | 0.91x | 11.06% |
Within telecom services, the comparison drew first on public-data peers with nearby market caps. The current P/E is 15.42x and the P/B is 1.14x. Because smaller-cap names are heavily affected by swings in earnings and by financing-related filings, the read does not rest on last year's confirmed results alone. The basis for the outlook box is DART seasonality approximation.
Earnings outlook Estimate company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩28.3 billion | ₩6.9 billion | ₩6.4 billion |
| Next quarter | Q2 2026 | ₩7.0 billion | ₩1.7 billion | ₩1.2 billion |
Price history Close · MA20 · MA60
The latest close is ₩8,000 and the market capitalization is ₩118.7 billion. The price sits above its 20-day moving average (₩6,967) and above its 60-day moving average (₩7,979). It holds above both its short- and medium-term moving averages, so the trend looks healthy. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 55.9, a neutral level. The one-month change is +14.3%, the three-month change is -36.6%, and the position relative to the 52-week high is -91.2%. Relative strength versus the KOSDAQ is 5 (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 4% of all stocks. Over the past three months it lagged the index by 5.4%. 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 -5.40% / 6M -87.17% / 12M -87.06%
Key metrics Computed vs sector median
Valuation
The P/E of 18.14x is above the sector median (11.13x). The P/B of 1.26x is above the sector median (0.94x).
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) Estimate
Model output — not a price target. This is what the formula returns under the assumptions below, not a view on where the share price should go.
DCF (discounted cash flow) estimate — discount rate 10.1%, initial growth 2.0%→terminal 2.0%, 10-yr forecast, free-cash-flow basis, forward earnings power normalized 0.977x. A reference range that shifts materially with assumptions.
Profitability & financials
Return on equity (ROE) is 7.0%, in line with the sector average (7.0%). The operating margin is 21.4%. The debt ratio is 10.1%, so the financial structure is stable.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $16.0M | $17.7M | $20.2M | +14.04% ↑ faster |
| Operating profit | $5.4M | $5.5M | $4.5M | -17.95% ↓ slower |
| Net profit | $5.0M | $6.3M | $4.9M | -21.53% ↓ slower |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.7M | $14.7M | $16.0M | $17.7M | $20.2M |
| Operating profit | $4.5M | $4.8M | $5.4M | $5.5M | $4.5M |
| Net profit | $4.0M | $4.2M | $5.0M | $6.3M | $4.9M |
| Revenue CAGR | 4-yr avg 10.18% | ||||
Revenue rose 14.0% year over year (2023 ₩22.8 billion → 2024 ₩25.2 billion → 2025 ₩28.7 billion), and the three-year trend is 'rising'. The pace of growth also quickened from the prior year. Operating profit fell 17.9% year over year. The decline widened. Over the 5 years on record, revenue compound annual growth (CAGR) is 10.2%. The two-year revenue CAGR is 12.2%. In the most recent quarter (Q1 2026), revenue was 3.5% lower than the same period a year earlier.
Latest quarterly results Source Q1 2026 · vs year-ago
Technical indicators Computed
What stands out
- The dividend yield, at 15.0%, is on the high side.
- Revenue grew 14.0% year over year, a sign of growth.
- The balance sheet is stable in terms of debt and liquidity.
Points to watch
- The price is high versus peers, so expectations already appear priced in.
Recent news & events searched · sourced
- 2026-05-19UpdateMatter subject to timely disclosure (fair disclosure) (advance notice of treasury-share cancellation to enhance shareholder value): see the return termsThis is a filing related to a cash return or a change in the share count. Check whether it is backed by earnings strength and cash flow. Source
- 2025-07-11UpdateTreasury-share acquisition results report: see the return termsThis is a filing related to a cash return or a change in the share count. Check whether it is backed by earnings strength and cash flow. Source
- 2026-04-27FilingLifting of share trading suspension (relisting of shares following a stock split)This is a recent change confirmed from the original text of an official filing. It should be checked whether it follows through into actual results and financial metrics. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩8,000 | ₩8,000 | Confirmed | link |
| Latest quarterly results | revenue ₩6.9 billion, operating profit ₩1.9 billion | revenue ₩6.9 billion, operating profit ₩1.9 billion | Confirmed | link |
| Annual results | revenue ₩28.7 billion, operating profit ₩6.5 billion | revenue ₩28.7 billion, operating profit ₩6.5 billion | Confirmed | link |
| Shareholder-return filing (original text) | check the payout terms | check the payout terms | Confirmed | link |
| Shareholder-return filing (original text) | check the payout terms | check the payout terms | Confirmed | link |
| Disclosure filing (original text) | — | — | Confirmed | link |
| Basis of the outlook box | DART | DART | Confirmed | link |
Recent filings Source
- 2026-05-19TreasuryTreasury-stock disclosure
- 2026-05-15PeriodicQuarterly report
- 2026-05-07Disclosure
- 2026-04-27Spin-off/split decision
- 2026-04-07Spin-off/split decision
- 2026-03-27Disclosure
- 2026-03-27Shareholders' meeting notice
- 2026-03-19PeriodicAnnual business report
- 2026-03-12Shareholders' meeting notice
- 2026-03-12Spin-off/split decision
- 2026-03-12Disclosure
- 2026-03-12Shareholders' meeting notice
📖 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.