i-Scream Media earns money from educational content: it offers, on a subscription basis, 'i-Scream S,' a digital teaching-support platform used by about 90% of elementary-school teachers nationwide (over 6.5 million teaching materials), joined by an online mall for teaching aids and textbooks, a remote teacher-training institute, and publishing, so that as of the first quarter of 2026 its revenue sources spread across several strands — goods, fees, and other at about 65%, its own products at about 23%, and training-institute content at about 11%. The March annual report confirmed 2025 revenue of ₩195.9 billion, operating profit of ₩61.8 billion, and net profit of ₩49.2 billion — high growth and high margins — and reflected a dividend of ₩1,554 per share (a payout ratio of about 40%), followed by an April investor briefing and a May first-quarter seasonal loss. What stands out lately is that a 30%-range operating margin, a 24% ROE, a low debt ratio, a dividend yield in the 9% range, and a low 4.4x forward P/E gather behind an entry barrier that about 90% of elementary teachers use — strengths against which a large share of revenue is linked to public-education budgets and education policy, so a shift in the policy environment could shake the pace of growth, and as a small-cap around ₩220 billion its trading is thin.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt ratio, current ratio and interest burden all look healthy.
- Revenue rose 28.7% year over year, and the pace is quickening (3-year trend: rising).
- Most recent quarter (Q1 2026) revenue was 14.6% higher than a year earlier.
- ROE is 24.1% (total-net basis). It is above the sector average.
- Operating margin is 31.5%.
- The P/E sits below the sector median.
Ownership & governance As of 2025-12-31
Largest shareholder Sigongtech 26.17% (corporate)
Controlling bloc incl. related parties 60.91%
With the controlling bloc holding 61%, control is very secure but the free float is thin.
🔎 In-depth analysis
- i-Scream Media is 'a company that earns money from educational content.' At its core is 'i-Scream S,' a digital teaching-support platform used in class by about 90% of elementary-school teachers nationwide, which holds over 6.5 million teaching materials and offers subscription passes to schools and teachers.
- Joined to this are an online mall selling teaching aids and textbooks ('i-Scream Mall'), a remote teacher-training institute running teacher-certification training, and textbook and courseware publishing.
- As of the first quarter of 2026, revenue is about 65% goods, fees, and other, about 23% its own products, and about 11% training-institute content, so beyond platform subscriptions the revenue sources spread across several strands including teaching-aid distribution and training.
- The latest close is ₩15,710 and market capitalization is ₩209.3 billion.
- The price sits below its 20-day line (₩16,498) and below its 60-day line (₩16,891).
- Trading beneath both its short- and mid-term moving averages, the trend is on the soft side.
- The RSI (a supplementary gauge that weighs upward against downward force over the past 14 days on a 0-100 scale) is 41.7, a neutral level.
- The one-month change is -3.3%, the three-month change is +1.5%, and the position versus the 52-week high is -40.3%.
- Its relative strength against the KOSDAQ is 73 (on a 1-99 scale, computed from returns over the past year against the index with more weight on the recent period; higher means stronger than the market).
- That places it in roughly the top 27% of all stocks by strength.
- Over the past three months it led the index by 39.2%.
- Chart reading is best done alongside trading volume and the dates of disclosures.
- Last year (2025, non-consolidated) it posted revenue of ₩195.9 billion, operating profit of ₩61.8 billion, and net profit of ₩49.2 billion.
- The operating margin of 31.5% and net margin of 25.1% are thick, and the ROE (how much it earns in a year on its equity) of 24.1% exceeds the peer average.
- The debt-to-equity ratio (debt against equity) of 30.5%, the current ratio of 260%, and interest coverage of 21x make for solid finances.
- On valuation, the P/E (how many times one year's earnings the price is) is 4.26x and the P/B (how many times net assets) is 1.02x.
- The absolute levels look low, but there is no trap here.
- That is, a low P/E and P/B are not a burden but a signal that a company earning well is trading cheaply relative to its earnings and net assets.
- Adding to this, shareholder returns are also thick, with a dividend yield of 9.2% (₩1,554 per share, a payout ratio of 40%).
- Over the past three years revenue rose from ₩123.1 billion (2023) to ₩152.2 billion (2024) to ₩195.9 billion (2025), growing about 26% a year on average with the pace also quickening.
- In 2025 revenue rose 28.7%, operating profit 34.0%, and net profit 58.2%, with the top line and earnings growing together.
- The foundation of that growth is clear: a subscription platform deeply embedded in elementary public-education classrooms renews each year to create stable revenue, and teaching-aid distribution and teacher training ride on top to lift earnings.
- The P/E on this year's expected earnings staying at 4.4x is an extension of this trend.
- In other words, it means the market sees this year's earnings holding at last year's level (net profit around ₩49.2 billion) — not a picture of a year's earnings shrinking.
- First-quarter 2026 revenue was ₩15.3 billion, up 14.6% year on year, but operating profit/loss was -₩8.4 billion, a loss, because content and operating costs go out first at the start of the school year (March) while annual pass revenue is recognized across the year.
- This is not business weakness but a seasonality that repeats each first quarter, and actual annual earnings fill in as pass revenue accumulates across the second through fourth quarters.
- Trailing is 'an already-confirmed past' and forward is 'the future it is expected to earn this year,' and that the two are nearly the same for this stock speaks to the sturdiness of its earnings.
- The disclosure flow is relatively plain.
- In March 2026 the annual report (2025 results confirmed) and the regular shareholders' meeting closed out the year, confirming fundamentals of high growth, high margins, and a high dividend with revenue of ₩195.9 billion, operating profit of ₩61.8 billion, and net profit of ₩49.2 billion; at the same month's meeting a dividend policy of ₩1,554 per share (a payout ratio of about 40%) was reflected.
- In April it held an investor briefing (IR) at which the company itself explained the state of the business, and the May quarterly report revealed the first-quarter seasonal loss.
- In June a change in a major shareholder's large-holding position was reported.
- Rather than heavyweight events such as single supply contracts or treasury shares, regular results, dividends, and stake-related disclosures are central, so share-price catalysts are likely to come from the quarterly results and dividend policy.
- This is a stock whose strengths lean clearly to one side.
- An entry barrier of a platform used by about 90% of elementary teachers nationwide, a 30%-range operating margin and a 24% ROE, a low debt ratio in the 30% range, and a dividend yield in the 9% range come together to form a structure that 'earns well and shares well.' On top of this, a 4.4x forward P/E being low versus peers reads as an undervaluation signal — a light price for a company with this much profitability and dividend.
- When it is strong, it is clearly strong: as long as school subscription revenue renews each year and the dividend is maintained, stable cash generation and a high dividend prop it up.
- It is worth also noting the conditions under which it could weaken.
- A large share of revenue is linked to public-education and school budgets and education policy, so a shift in the policy environment could shake the pace of growth, and as a small-cap around ₩220 billion its trading is on the thin side.
- The first-quarter operating loss is not a risk but a seasonality that repeats each year, so there is no need to be swayed by a single quarterly number.
- In short, it is an undervalued cash generator with profitability, dividend, and valuation supporting it at once, and the subscription renewal rate and the flow of education policy are the key variables for its strength.
🔎 Valuation vs peers Inconclusive
The real peer set is not game stocks but the group of education-content and edtech firms serving elementary and public education (study-guide, digital-learning-platform, and teacher-training businesses). Because the site data does not carry a formal peer set in the same industry, the stock's own metrics are used to describe its position.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| i-Scream Media | 4.26x | 1.02x | 24.05% |
On last year's confirmed earnings, a 4.55x P/E and 1.09x P/B look light on absolute levels alone. However, (a) with no formal same-industry peer data on the site, it is hard to pin down a relative position; (b) because 2025 net profit surged +58%, far outpacing operating-profit growth (+34%), if part of that is one-off the trailing P/E could look lower than reality; and (c) on a forward basis reflecting the first-quarter seasonal loss and the slower revenue growth (14.6%), it is estimated at a low single digit similar to last year. The dividend in the 9% range and the high ROE are clear strengths, but with variables of slowing growth, policy dependence, and small-cap liquidity present together, rather than concluding 'cheap or expensive,' this is seen as a stretch to watch for earnings durability and whether the dividend is maintained.
Price history Close · MA20 · MA60
The latest close is ₩15,710 and the market capitalization is ₩209.3 billion. The price sits below its 20-day moving average (₩16,498) and below its 60-day moving average (₩16,891). 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 41.7, a neutral level. The one-month change is -3.3%, the three-month change is +1.5%, and the position relative to the 52-week high is -40.3%. Relative strength versus the KOSDAQ is 73 (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 73% of all stocks. Over the past three months it outpaced the index by 39.2%. 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 +39.21% / 6M +12.25% / 12M -34.60%
Key metrics vs sector median
Valuation
The P/E of 4.26x is below the sector median (13.30x). The P/B of 1.02x is below the sector median (1.58x). Both metrics are low versus peers, so the price is not expensive relative to earnings and assets.
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.
Profitability & financials
Return on equity (ROE) is 24.1%, above the sector average (5.0%). The operating margin is 31.5%. The debt ratio is 30.5%, so the financial structure is stable.
Growth FY2025 · annual report (separate)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $81.6M | $100.9M | $129.8M | +28.74% ↑ faster |
| Operating profit | $22.6M | $30.6M | $40.9M | +33.97% ↓ slower |
| Net profit | $20.0M | $20.6M | $32.6M | +58.22% ↑ faster |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $81.6M | $100.9M | $129.8M |
| Operating profit | — | — | $22.6M | $30.6M | $40.9M |
| Net profit | — | — | $20.0M | $20.6M | $32.6M |
| Revenue CAGR | 2-yr avg 26.18% | ||||
Revenue rose 28.7% year over year (2023 ₩123.1 billion → 2024 ₩152.2 billion → 2025 ₩195.9 billion), and the three-year trend is 'rising'. The pace of growth also quickened from the prior year. Operating profit rose 34.0% year over year. The pace of that profit growth is gradually easing. Over the 3 years on record, revenue compound annual growth (CAGR) is 26.2%. The two-year revenue CAGR is 26.2%. In the most recent quarter (Q1 2026), revenue was 14.6% 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.
- The dividend yield, at 9.9%, is on the high side.
- ROE of 24.1% points to solid profitability.
- Revenue grew 28.7% year over year, a sign of growth.
- The balance sheet is stable in terms of debt and liquidity.
Points to watch
- The figures shown are based on the last annual report as of the writing date, so it is best to review the latest quarterly results and filings alongside them.
Recent news & events searched · sourced
- 2026-05-15EarningsFiling of the 2026 first-quarter report — revenue ₩15.3 billion (+14.6% YoY), with operating and net profit/loss in a quarterly loss due to front-loaded start-of-school-year costs.Short term: the top line holds double-digit growth, but the first-quarter seasonal loss is reconfirmed. Medium term: annual results hinge on pass revenue in the second through fourth quarters. Source
- 2026-04-27IRHolding of an investor briefing (IR) — the company directly explains the state of the business and future plans to investors.Short term: official company communication on business direction. Medium term: an opportunity to check progress by segment across platform, training, and distribution. Source
- 2026-03-19FilingFiling of the 2025 annual report — revenue ₩195.9 billion, operating profit ₩61.8 billion, and net profit ₩49.2 billion, confirming joint growth of the top line and earnings.Short term: confirms fundamentals of high growth, high margins, and a high dividend. Medium term: confirmed results that become the baseline for the next year. Source
- 2026-03-27DividendResult of the regular shareholders' meeting — resolution of agenda items such as approval of financial statements (reflecting a dividend policy of about a 40% payout, around ₩1,554 per share).Short term: confirms a dividend yield in the 9% range. Medium term: whether the earnings-return stance continues is one axis of investment appeal. Source
- 2026-06-02FilingFiling of a report on large holdings of stock (general) — notice of a change in a major shareholder's holding position.Short term: a reference point on the supply-demand side. Medium term: a monitoring point for changes in governance and shareholder composition. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| 2025 revenue, operating profit, and net profit (non-consolidated) | revenue ₩195.9 billion / operating profit ₩61.8 billion / net profit ₩49.2 billion | DART 2025 | Confirmed | link |
| 2026 first-quarter results (revenue and profit/loss) | revenue ₩15.3 billion(+14.6% YoY) | DART 2026 1 | Confirmed | link |
| Forward P/E based on this year's expected earnings | (self-estimate) | — | Unverified | link |
| Industry classification (substance) | base '·' | DART | Mismatch | link |
Recent filings
- 2026-06-02OwnershipOwnership-change filing
- 2026-05-15PeriodicQuarterly report
- 2026-04-30Disclosure
- 2026-04-27Disclosure
- 2026-04-15OwnershipOfficers'/major-shareholders' holdings report
- 2026-03-31OwnershipOfficers'/major-shareholders' holdings report
- 2026-03-30Amended filing
- 2026-03-30Amended filing
- 2026-03-27Disclosure
- 2026-03-27Shareholders' meeting notice
- 2026-03-24OwnershipOfficers'/major-shareholders' holdings report
- 2026-03-19PeriodicAnnual business 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.