Loading…
Employees: 474
Size Wemade (112040.KS) is a South Korea Information Technology company (Packaged Software) with a market value of $351M, the 429th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩14,130 on 6 Nov 2026.
Performance Over six months the shares fell 43.4%, against -23.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 3.3% over the last twelve months (peer median +6.9%); the operating margin is 6.2% (peer median -0.2%).
Valuation It trades at 10.4× forward earnings against a peer median of 19.9× (cheapest of 7).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +37%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.6 points below its cost of capital (6.5% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩617B | ₩614B | ₩712B | ₩605B | ₩463B |
| Revenue growth | — | -14% | +18% | +31% | — |
| Gross profit | n/a | ₩324B | ₩436B | n/a | n/a |
| EBITDA | ₩81.3B | ₩56.5B | ₩25.5B | -₩89.5B | -₩66.9B |
| Net income | ₩64.4B | -₩18.6B | ₩188B | -₩200B | -₩185B |
| Free cash flow | ₩37.2B | ₩57.6B | -₩81.7B | -₩17.3B | -₩41.1B |
| Capital expenditure | ₩17.6B | ₩11.7B | ₩6.63B | ₩11.8B | ₩9.38B |
| Total debt | ₩198B | ₩192B | ₩204B | ₩173B | ₩174B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 112040.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.8% | -10.9% | 11th highest of 21 |
| 6-month return | -43.4% | -23.4% | 5th lowest of 21 |
| Distance from 52-week high | -59.5% | -45.6% | 7th lowest of 21 |
| Revenue growth (TTM) | -3.3% | +6.9% | 9th lowest of 21 |
| Operating margin | 6.2% | -0.2% | 9th highest of 20 |
| Forward P/E | 10.4× | 19.9× | cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | 5.7% | 13.6% | 5th least demanding of 10 |
| Growth delivered (Del g) | +37.1% | +11.9% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | -31.4 pp | -4.8 pp | 2nd least demanding of 10 |
| ROIC minus cost of capital | -3.6 pp | -12.5 pp | 6th highest of 18 |
| EV / EBITDA | 8.2× | 12.3× | 3rd cheapest of 8 |
| Net debt / EBITDA | -2.6× | -2.5× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wemade 112040.KS | South Korea | $351M | -43% | -3% | 6% | 10.4× | 5.7% | +37.1% |
| Spire Global SPIR | United States | $351M | -53% | -33% | -108% | n/a | n/a | n/a |
| Beijing Century Real Technology 300150.SZ | China | $354M | -21% | -8% | 0% | n/a | 48.8% | +2.2% |
| Vitalhub VHI.TO | Canada | $354M | -2% | +54% | 12% | 22.2× | 13.6% | +51.2% |
| Shanghai WonderTek Software 603189.SS | China | $355M | -28% | +7% | -8% | n/a | n/a | n/a |
| TDC SOFT 4687.T | Japan | $347M | +19% | +7% | 10% | 13.6× | -4.5% | +12.1% |
| Beijing SunwayWorld Science & Technology 301159.SZ | China | $347M | -23% | +17% | 3% | n/a | 53.6% | +7.0% |
| FFRI Security 3692.T | Japan | $347M | +15% | +28% | 29% | n/a | 34.6% | +21.9% |
| Deepexi Technology 1384.HK | Hong Kong | $356M | -88% | +86% | -9% | 101.4× | n/a | n/a |
| Hunan Creator Information Technologies 300730.SZ | China | $346M | -28% | -4% | -53% | n/a | n/a | n/a |
| Base 4481.T | Japan | $356M | -7% | +1% | 26% | 13.1× | -13.4% | +11.9% |
| Beijing Forever Technology 300365.SZ | China | $357M | -32% | -47% | -52% | n/a | n/a | n/a |
| Hangzhou Yitong New Materials 300930.SZ | China | $345M | -27% | +51% | 7% | n/a | n/a | n/a |
| Weimob 2013.HK | Hong Kong | $358M | -55% | +40% | -14% | n/a | n/a | n/a |
| Shenzhen Fangzhi Science and Technology 300235.SZ | China | $359M | -33% | +27% | 7% | n/a | n/a | n/a |
| CELSYS 3663.T | Japan | $344M | +22% | +16% | 36% | 17.6× | 3.4% | +8.2% |
| Beijing Interact Technology 300419.SZ | China | $360M | -8% | -52% | -54% | n/a | 36.2% | -17.8% |
| Qtone Education Group (Guangdong) 300359.SZ | China | $361M | -24% | -29% | -34% | n/a | n/a | n/a |
| Carvolix CVX.PA | France | $342M | +62% | -100% | n/a | n/a | n/a | n/a |
| SaverOne 2014 Ltd. ADR SVRE | United States | $342M | -85% | -68% | -6,262% | n/a | n/a | n/a |
| Lime Technologies LIME.ST | Sweden | $361M | +24% | +9% | 21% | 26.0× | -1.6% | +16.9% |