Nomus creates video content built around artists and their fan bases and then monetizes that audience through merchandise and commerce. Its business spans video production and distribution, the planning of concerts and events, and the wholesale, retail, and e-commerce sale of goods such as apparel, cosmetics, and audio equipment. In February 2026, full-year 2025 figures were confirmed at ₩75.7 billion in revenue, ₩12.3 billion in operating profit, and ₩14.8 billion in net profit, followed by a share-buyback results report in May and a buyback decision in June. What stands out recently is that the company has moved past its 2023 losses to profitability supported by an operating margin in the 16% range, an ROE in the 14% range, and a solid balance sheet with a current ratio of 680%, and the buyback adds to that picture, keeping its undervaluation case alive. At the same time, Q1 revenue and profit stepped back slightly year on year, a reminder that demand for content and merchandise can swing from quarter to quarter.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt ratio, current ratio and interest burden all look healthy.
- Revenue rose 9.9% year over year, and the pace is slowing (3-year trend: rising).
- Most recent quarter (Q1 2026) revenue was 2.9% lower than a year earlier.
- ROE is 14.3% (controlling-interest basis). It is above the sector average.
- Operating margin is 16.3%.
- The P/E sits below the sector median.
Ownership & governance As of 2025-12-31
Largest shareholder Kim Young-jun 22.41% (individual)
Controlling bloc incl. related parties 32.05%
With the controlling bloc holding 32%, the ownership structure is stable.
🔎 In-depth analysis
- Nomus makes video content centered on artists and their fan bases and then extends that into products and services it sells.
- Its stated corporate purposes cover a wide range: producing and distributing video and online video content, planning and managing concerts and events, the wholesale and retail of goods such as apparel, cosmetics, and audio equipment, sales agency work, and e-commerce.
- In short, the core model is to build a fan base through content and then monetize it through merchandise sales and commerce.
- With a market capitalization of ₩104.6 billion, this is a small-to-mid-cap stock, so it is worth weighing each disclosure that affects earnings and share count alongside the underlying business trend.
- The latest close is ₩11,490 and market capitalization is ₩127.1 billion.
- The price sits above its 20-day line (₩11,334) but below its 60-day line (₩14,575).
- With the short-term and medium-term trends diverging, the direction is best read separately.
- The RSI (an auxiliary gauge that weighs upward against downward momentum over the past 14 days on a 0-100 scale) is 46.1, a neutral reading.
- The stock is down 8.2% over one month and 33.4% over three months, and sits 68.5% below its 52-week high.
- Relative strength against the KOSDAQ is 26 (1-99, computed from returns versus the index over the past year with more weight on recent performance; higher means stronger than the market), placing it in roughly the top 75% of all stocks by strength.
- Over the past three months it has lagged the index by 13.7%.
- Chart readings are best considered together with trading volume and disclosure dates.
- For the most recent full year (2025), revenue was ₩75.7 billion, operating profit ₩12.3 billion, and net profit ₩14.8 billion.
- Profitability is on the strong side, with an operating margin of 16.3%, a net margin of 19.6%, and an ROE (how much a company earns in a year on its equity) of 14.3%.
- The debt ratio is 111.3%, but the current ratio is a very high 680% and interest coverage is 7.6x, so in terms of the ability to service short-term debt and interest burden the balance sheet is stable.
- On valuation, the trailing P/E (how many times one year's profit the share price represents) is 7.05x and the P/B (how many times book value) is 1.01x.
- A P/E of 7x and a P/B of 1x are hard to call heavy relative to earnings and assets, and this year's forward P/E is also below the sector median.
- On the metrics, then, the figures are not demanding but rather lean toward the cheap side.
- The direction of the profit trend is clear here.
- Operating profit went from -₩0.2 billion in 2023 to ₩8.2 billion in 2024 and ₩12.3 billion in 2025, turning positive and then building, while net profit moved from -₩31.0 billion in 2023 to ₩9.9 billion in 2024 and ₩14.8 billion in 2025, fully settling the bottom line.
- Revenue jumped 62.9% in 2024 before growth eased to 9.9% in 2025, but the absolute scale is still expanding.
- These figures reflect a business model in which fan-base demand for content flows through into merchandise and commerce revenue, together with this year's earnings power built on the profit margins that took hold after the swing to profitability.
- In Q1 2026, revenue was ₩18.6 billion, operating profit ₩4.0 billion, and net profit ₩4.1 billion, down 2.9% and 13.0% respectively year on year for a step back, but quarterly margins held in double digits, so the profit structure has not broken down.
- There is no evidence that next year and beyond will fall below this year, so it is more natural to read this year's estimate not as a cycle peak but as a normal level of profit after profitability took hold.
- The most recent earnings disclosure, dated February 20, 2026 ("change in revenue or profit/loss structure of 30% or more"), reported full-year revenue of ₩75.7 billion, operating profit of ₩12.3 billion, and net profit of ₩14.8 billion.
- It is worth checking whether this points in the same direction as the annual trend and whether any one-off factors are mixed in.
- On the shareholder-return side, a share-buyback results report on May 15, 2026 and a buyback decision on June 10 followed in succession.
- A buyback returns cash and reduces the outstanding share count, and it carries the most weight when earnings power and cash flow support it, so it should be read alongside actual profit and cash.
- The strengths are relatively clear.
- Having emerged from losses in 2023, operating and net profit had settled by 2025, and profitability with an operating margin in the 16% range and an ROE in the 14% range is joined by a solid balance sheet with a current ratio of 680%.
- On top of that, shareholder returns are under way through the buyback.
- On the other side, the point to watch is that Q1 2026 revenue and profit stepped back slightly year on year, which fits the business characteristic that demand for content and merchandise can swing quarter to quarter.
- And as a small-to-mid-cap, a single disclosure can have an outsized effect on earnings and share count.
- In sum, as long as steady profit and shareholder returns continue, the undervaluation case stays alive, while if quarterly revenue turns down again or one-off factors pile up, the stock can lose momentum accordingly.
🔎 Valuation vs peers Fairly valued
A peer set of creative and arts companies close in market capitalization.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Nomus | 8.56x | 1.23x | 14.32% |
Within the creative and arts space, publicly available peers close in market capitalization were the primary reference. The current P/E (how many times one year's profit the share price represents) is 8.56x and the P/B (how many times book value) is 1.23x. That said, because smaller-cap names are heavily affected by earnings swings and financing disclosures, 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 | ₩73.5 billion | — | ₩12.7 billion |
| Next quarter | Q2 2026 | ₩15.6 billion | — | ₩2.6 billion |
Price history Close · MA20 · MA60
The latest close is ₩11,490 and the market capitalization is ₩127.1 billion. The price sits above its 20-day moving average (₩11,334) and below its 60-day moving average (₩14,575). 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 46.1, a neutral level. The one-month change is -8.2%, the three-month change is -33.4%, and the position relative to the 52-week high is -68.5%. Relative strength versus the KOSDAQ is 26 (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 25% of all stocks. Over the past three months it lagged the index by 13.7%. 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 -13.72% / 6M -41.38% / 12M -63.09%
Key metrics vs whole-market median
Valuation
The P/E of 8.56x is below the whole-market median (13.81x). The P/B of 1.23x is in line with the whole-market median (1.15x).
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 14.3%, above the whole-market average (5.0%). The operating margin is 16.3%. The debt ratio is 111.3%, so the financial structure is moderate.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $28.0M | $45.7M | $50.2M | +9.89% ↓ slower |
| Operating profit | -$135,525 | $5.4M | $8.2M | +50.83% |
| Net profit | -$20.5M | $6.5M | $9.8M | +50.25% |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $28.0M | $45.7M | $50.2M |
| Operating profit | — | — | -$135,525 | $5.4M | $8.2M |
| Net profit | — | — | -$20.5M | $6.5M | $9.8M |
| Revenue CAGR | 2-yr avg 33.80% | ||||
Revenue rose 9.9% year over year (2023 ₩42.3 billion → 2024 ₩68.9 billion → 2025 ₩75.7 billion), and the three-year trend is 'rising'. That said, the pace of growth slowed from the prior year. Operating profit rose 50.8% year over year. Over the 3 years on record, revenue compound annual growth (CAGR) is 33.8%. The two-year revenue CAGR is 33.8%. In the most recent quarter (Q1 2026), revenue was 2.9% lower 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 14.3% points to solid profitability.
- The balance sheet is stable in terms of debt and liquidity.
Points to watch
- Revenue rose 9.9% year over year, and the pace is slowing (3-year trend: rising).
Recent news & events searched · sourced
- 2026-02-20EarningsChange in revenue or profit/loss structure of 30% or more (15% for large corporations): full-year revenue ₩75.7 billion, operating profit ₩12.3 billion, net profit ₩14.8 billionThis is recently confirmed or preliminary earnings data. Check whether it points in the same direction as the annual trend and whether any one-off factors are present. Source
- 2026-06-10UpdateMaterial report (decision to acquire treasury shares): confirm the return termsThis is a disclosure related to cash returns or a change in share count. Confirm whether earnings power and cash flow support it. Source
- 2026-05-15UpdateTreasury-share acquisition results report: confirm the return termsThis is a disclosure related to cash returns or a change in share count. Confirm whether earnings power and cash flow support it. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩11,490 | ₩11,490 | Confirmed | link |
| Latest quarterly results | revenue ₩18.6 billion, operating profit ₩4.0 billion | revenue ₩18.6 billion, operating profit ₩4.0 billion | Confirmed | link |
| Annual results | revenue ₩75.7 billion, operating profit ₩12.3 billion | revenue ₩75.7 billion, operating profit ₩12.3 billion | Confirmed | link |
| Earnings disclosure source text | revenue30%: revenue ₩75.7 billion · operating profit ₩12.3 billion · net profit ₩14.8 billion | revenue30%: revenue ₩75.7 billion · operating profit ₩12.3 billion · net profit ₩14.8 billion | Confirmed | link |
| Shareholder-return disclosure source text | : | : | Confirmed | link |
| Shareholder-return disclosure source text | : | : | Confirmed | link |
| Outlook box basis | DART | DART | Confirmed | link |
Recent filings
- 2026-06-10OwnershipOwnership-change filing
- 2026-05-15TreasuryTreasury-stock acquisition decision
- 2026-05-14PeriodicQuarterly report
- 2026-04-09OwnershipOwnership-change filing
- 2026-03-31TreasuryMaterial-fact report (amended)
- 2026-03-31Amended filing
- 2026-03-31TreasuryMaterial-fact report
- 2026-03-30Shareholders' meeting notice
- 2026-03-24PeriodicAnnual business report
- 2026-03-20Audit report
- 2026-03-18OwnershipOwnership-change filing
- 2026-03-17Amended 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.