Finger is classified under games and software but in practice is a fintech-software company that builds non-face-to-face financial platforms and smart-banking apps for banks, card firms, and investment firms, and is extending payment, pay, and open-API services into non-financial areas. In April 2026 it filed a voluntary corporate-value enhancement plan, followed by a June ₩30.0 billion rights offering for working capital and a May ₩50.0 billion convertible-bond issuance for working capital. What stands out lately is that, riding demand for financial firms' digital transformation, revenue is growing double digits again and it holds non-financial expansion cards; against that, the operating margin is stuck in the 1% range, the most recent quarter turned to a loss, and the rights offering and convertible bonds could increase the share count, so 'how much revenue carries through to profit' has to be confirmed each quarter.
At-a-glance assessment financial health · growth · profitability · valuation
- Revenue rose 27.9% year over year, and the pace is quickening (3-year trend: mixed).
- Most recent quarter (Q1 2026) revenue was 0.7% lower than a year earlier.
- ROE is 0.7% (controlling-interest basis). It is below the sector average.
- Operating margin is 1.6%.
- The P/E sits above the sector median, reflecting elevated expectations.
Ownership & governance As of 2025-12-31
Largest shareholder Park Min-soo 25.42% (individual)
Controlling bloc incl. related parties 28.79%
With the controlling bloc holding 29%, control is maintained but the free float is relatively large.
🔎 In-depth analysis
- Finger is grouped under games and software by industry classification, but what it actually does is fintech software.
- It builds non-face-to-face (handled by app and web rather than by visiting a branch) financial platforms and smart-banking apps for first- and second-tier financial firms such as banks, card companies, and investment firms, and on the technology built up there it is extending payment, pay, and open-API (a connection point that lets financial functions be embedded into other companies' services) services into non-financial areas such as e-commerce and mobility.
- In other words, the backbone of the business is development and operations revenue earned by building financial firms' digital transformation on their behalf.
- As a small-to-mid-cap with a market capitalization of ₩127.5 billion, it is worth watching not only the business itself but also how a single filing, such as a financing, affects its finances and share count.
- The latest close is ₩9,170 and the market capitalization is ₩110.2 billion.
- The price sits below both the 20-day line (₩11,996) and the 60-day line (₩15,644).
- Trading beneath both the short- and medium-term moving averages, the trend is subdued.
- The RSI (a supplementary gauge that weighs upward versus downward force over the past 14 days on a 0-100 scale) is 27.3, near oversold territory.
- The one-month change is -29.3%, the three-month change is -4.9%, and the price is -61.3% from its 52-week high.
- Relative strength versus the KOSDAQ is 69 (on a 1-99 scale that converts the past year's return against the index with heavier weight on recent performance; higher means stronger than the market).
- That places it in roughly the top 31% of all stocks by strength.
- Over the past three months it led the index by 24.6%.
- It helps to read the chart alongside trading volume and the dates of filings.
- For full-year 2025, revenue was ₩91.6 billion, operating profit ₩1.5 billion, and net profit ₩0.3 billion.
- The operating margin is 1.6% and ROE (how much the company earns in a year on its equity) is 0.7%, so the profit left in hand is thin relative to the revenue scale.
- The debt ratio (debt relative to equity) is 147.3%, and the current ratio (how much short-term assets cover debt due within a year) is 257%, so short-term payment capacity itself is fine.
- The share price appearing to be 336x one year's earnings (P/E) is closer to an optical illusion arising from a small denominator — even a return of profit to its usual level would bring this multiple down sharply.
- For this stock, then, it is more accurate to look at how well revenue growth converts into actual profit than at the high or low of the P/E and P/B figures.
- Revenue rose again from ₩83.1 billion in 2023 and ₩71.6 billion in 2024 to ₩91.6 billion in 2025, growing 27.9% year on year, and on the diagnostic the growth is classified as 'high growth.' The return of revenue is a clear strength.
- However, profit moved the other way over the same period.
- Net profit fell from ₩4.4 billion in 2023 to ₩0.3 billion in 2025, and in the most recent quarter, Q1 2026, revenue of ₩20.5 billion came with an operating loss of ₩0.3 billion and a net loss of ₩0.04 billion, a turn to loss.
- In other words, it is in a phase where 'revenue grows but profit thins,' and where this year's profit settles is not yet fixed (no profit forecast figure has been given).
- What ultimately decides the quality of the growth is the margin recovery in development and operations revenue and the pace of monetization in the new payment and API businesses.
- Sizable filings came in succession into 2026.
- On April 1 a voluntary corporate-value enhancement plan set out the company's own direction for improvement — with concrete figures it serves as a primary basis for the outlook, and without them as directional material.
- On June 5, a rights offering of 2,609,149 common shares (₩30.0 billion for working capital) was decided, and earlier, on May 18, a convertible-bond issuance with a conversion price of ₩12,509 (₩50.0 billion for working capital).
- Both filings are matters where funds come in while the share count may rise in future, so the key is to watch together whether the incoming funds lead to actual business investment and revenue, and how the increase in share count affects per-share value.
- This is a stock with a clear split between strengths and weaknesses.
- The strong side is revenue — riding steady demand for financial firms' digital transformation, revenue is growing double digits again, and it holds non-financial expansion cards such as payment and open API.
- The weak side is profit — even as revenue grows, the operating margin is stuck in the 1% range and the most recent quarter turned to a loss, so growth is not yet fully translating into profit.
- On top of that, there is the variable that the share count may rise through the rights offering and convertible bonds.
- In short, in a phase where the increased revenue leads to margin recovery and monetization of new businesses, thin profit has room to thicken quickly; if that connection is slow, per-share earnings can be weighed down heavily even as revenue grows.
- So rather than the high or low of the metrics themselves, confirming 'how much revenue carries through to profit' each quarter is the most accurate yardstick for viewing this stock.
🔎 Valuation vs peers Overvalued
A comparison set within games and software whose market capitalizations are close to the company's.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| T3 Entertainment | 9.85x | 1.75x | 17.75% |
| Neptune | — | 0.32x | -12.71% |
| VUNO | — | 3.01x | -16.00% |
We looked first at a public-data comparison set within games and software whose market capitalizations are close. The current P/E (how many times one year's earnings the price represents) is 291.11x and the P/B (how many times book value the price represents) is 1.88x. That said, because lower-market-cap stocks are heavily affected by earnings swings and financing filings, we did not draw firm conclusions from last year's confirmed-results metrics alone. The basis for the forecast box is a DART seasonality approximation.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩85.4 billion | — | — |
| Next quarter | Q2 2026 | ₩19.8 billion | — | — |
Price history Close · MA20 · MA60
The latest close is ₩9,170 and the market capitalization is ₩110.2 billion. The price sits below its 20-day moving average (₩11,996) and below its 60-day moving average (₩15,644). It is under both its short- and medium-term moving averages, so the trend looks subdued. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 27.3, near oversold territory. The one-month change is -29.3%, the three-month change is -4.9%, and the position relative to the 52-week high is -61.3%. Relative strength versus the KOSDAQ is 69 (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 69% of all stocks. Over the past three months it outpaced the index by 24.6%. 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 +24.62% / 6M +6.78% / 12M -27.23%
Key metrics vs sector median
Valuation
The P/E of 291.11x is above the sector median (13.30x). The P/B of 1.88x is above the sector median (1.58x).
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 0.7%, below the sector average (5.0%). The operating margin is 1.6%. The debt ratio is 147.3%, so the financial structure is moderate.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $55.1M | $47.5M | $60.7M | +27.93% ↑ faster |
| Operating profit | $2.4M | -$311,773 | $972,846 | — |
| Net profit | $2.9M | $532,414 | $196,439 | -63.10% ↑ faster |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $62.8M | $59.7M | $55.1M | $47.5M | $60.7M |
| Operating profit | $4.9M | $3.6M | $2.4M | -$311,773 | $972,846 |
| Net profit | $397,562 | $1.2M | $2.9M | $532,414 | $196,439 |
| Revenue CAGR | 4-yr avg -0.85% | ||||
Revenue rose 27.9% year over year (2023 ₩83.1 billion → 2024 ₩71.6 billion → 2025 ₩91.6 billion), and the three-year trend is 'mixed'. The pace of growth also quickened from the prior year. Over the 5 years on record, revenue compound annual growth (CAGR) is -0.9%. The two-year revenue CAGR is 5.0%. In the most recent quarter (Q1 2026), revenue was 0.7% lower than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- Revenue grew 27.9% year over year, a sign of growth.
Points to watch
- The price is high versus peers, so expectations already appear priced in.
Recent news & events searched · sourced
- 2026-04-01UpdateCorporate-value enhancement plan (voluntary disclosure): confirm the company's plan in the original textThis is planning material the company itself has set out. With figures, treat it as a primary basis for the forecast box; without them, treat it only as directional material. Source
- 2026-06-05Update[Amended] Material-fact report (rights offering decision): 2,609,149 common shares, ₩30.0 billion for working capitalThis is a filing where the purpose of the inflow of funds and the change in share count must be viewed together. Where a facility or operating purpose is stated, whether the investment is actually carried out and connects to revenue is the key. Source
- 2026-05-18Update[Amended] Material-fact report (convertible-bond issuance decision): conversion price ₩12,509, ₩50.0 billion for working capitalThis is a filing where the purpose of the inflow of funds and the change in share count must be viewed together. Where a facility or operating purpose is stated, whether the investment is actually carried out and connects to revenue is the key. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩9,170 | ₩9,170 | Confirmed | link |
| Latest quarterly results | revenue ₩20.5 billion, operating profit -₩0.3 billion | revenue ₩20.5 billion, operating profit -₩0.3 billion | Confirmed | link |
| Annual results | revenue ₩91.6 billion, operating profit ₩1.5 billion | revenue ₩91.6 billion, operating profit ₩1.5 billion | Confirmed | link |
| Outlook/plan filing (original text) | : | : | Confirmed | link |
| Financing filing (original text) | []: 2,609,149 · ₩30.0 billion | []: 2,609,149 · ₩30.0 billion | Confirmed | link |
| Financing filing (original text) | []: ₩12,509 · ₩50.0 billion | []: ₩12,509 · ₩50.0 billion | Confirmed | link |
| Forecast box basis | DART | DART | Confirmed | link |
Recent filings
- 2026-06-09Shareholders' meeting notice
- 2026-06-05Material-fact report (amended)
- 2026-06-01OwnershipOwnership-change filing
- 2026-05-29OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-28OwnershipOwnership-change filing
- 2026-05-26OwnershipOwnership-change filing
- 2026-05-26OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-26OwnershipOwnership-change filing
- 2026-05-26OwnershipAmended filing
- 2026-05-26Amended filing
- 2026-05-22Disclosure
- 2026-05-21OwnershipLargest-shareholder ownership change report
📖 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.