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Employees: 585
Size Koal Software (603232.SS) is a China Information Technology company (Packaged Software) with a market value of $479M, the 3951st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.74 on 6 Nov 2026.
Performance Over six months the shares fell 26.3%, against -27.5% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 18.1% over the last twelve months (peer median +0.8%); the operating margin is -32.5% (peer median 7.8%).
Valuation It trades at 68.7× forward earnings against a peer median of 16.7× (2nd most expensive of 13).
Capital Return on invested capital runs 16.2 points below its cost of capital (6.2% WACC).
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥369M | CN¥356M | CN¥526M | CN¥559M | CN¥655M |
| Revenue growth | — | -32% | -6% | -15% | — |
| Gross profit | CN¥137M | CN¥132M | CN¥231M | CN¥221M | CN¥220M |
| EBITDA | -CN¥82.3M | -CN¥76.0M | CN¥34.4M | CN¥21.5M | -CN¥29.7M |
| Net income | -CN¥73.2M | -CN¥84.8M | CN¥36.8M | CN¥37.0M | -CN¥8.71M |
| Free cash flow | -CN¥2.96M | -CN¥16.0M | -CN¥108M | -CN¥83.8M | -CN¥11.7M |
| Capital expenditure | -CN¥2.15M | CN¥3.65M | CN¥114M | CN¥51.1M | CN¥12.8M |
| Total debt | CN¥59.7M | CN¥60.8M | CN¥91.6M | CN¥11.4M | CN¥5.50M |
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 | 603232.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.0% | -1.1% | 5th lowest of 21 |
| 6-month return | -26.3% | -27.5% | 11th highest of 21 |
| Distance from 52-week high | -54.8% | -45.6% | 6th lowest of 21 |
| Revenue growth (TTM) | -18.1% | +0.8% | 4th lowest of 20 |
| Operating margin | -32.5% | 7.8% | 5th lowest of 20 |
| Forward P/E | 68.7× | 16.7× | 2nd most expensive of 13 |
| ROIC minus cost of capital | -16.2 pp | -7.1 pp | 4th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Koal Software 603232.SS | China | $479M | -26% | -18% | -33% | 68.7× | n/a | n/a |
| Japan Business Systems 5036.T | Japan | $477M | +16% | +25% | 4% | 10.6× | n/a | n/a |
| GREE Holdings.Inc 3632.T | Japan | $475M | +20% | -10% | 8% | 24.5× | n/a | n/a |
| China Post Technology 688648.SS | China | $474M | -33% | +52% | -7% | n/a | n/a | n/a |
| Beijing ABT Networks 688168.SS | China | $485M | -52% | -73% | -33% | 110.8× | n/a | n/a |
| GB Group PLC GBG.L | United Kingdom | $472M | -29% | +1% | 11% | 8.7× | 4.6% | +5.5% |
| Tangel Culture 300148.SZ | China | $472M | -8% | +9% | 9% | n/a | 25.6% | -7.4% |
| Hennge K.k 4475.T | Japan | $471M | +132% | +19% | 17% | 40.3× | 21.7% | +21.3% |
| Unisound AI Technology 9678.HK | Hong Kong | $470M | -84% | +40% | -18% | 24.0× | n/a | n/a |
| BOKU BOKU.L | United Kingdom | $490M | -29% | +10% | 9% | 19.3× | 9.1% | +17.3% |
| Equasens EQS.PA | France | $468M | -25% | +9% | 21% | 9.4× | -6.4% | +6.6% |
| AMTD Digital, Inc. Sponsored ADR HKD | United States | $468M | -15% | +22% | 27% | n/a | 48.8% | +18.5% |
| Craneware CRW.L | United Kingdom | $467M | -32% | -3% | 14% | 17.2× | 2.9% | +22.2% |
| Gravity Co., Ltd. Sponsored ADR GRVY | United States | $467M | +3% | -2% | 16% | n/a | n/a | n/a |
| innoscripta 1INN.DE | Germany | $495M | -37% | +42% | 61% | 8.0× | -13.3% | +55.9% |
| CoinShares CSHR | United States | $498M | -36% | n/a | n/a | 7.1× | n/a | n/a |
| Kaiser (China) Culture 002425.SZ | China | $461M | -10% | -3% | -53% | n/a | n/a | n/a |
| Shanghai Wisdom Information Technology 301315.SZ | China | $499M | -26% | -15% | 4% | n/a | n/a | n/a |
| Client Service International 300663.SZ | China | $499M | -45% | -29% | -85% | n/a | 30.0% | -10.7% |
| JinXianDai Information Industry 300830.SZ | China | $502M | -29% | -20% | -42% | n/a | 17.7% | -8.8% |
| i3 Verticals IIIV | United States | $502M | -10% | -8% | 3% | 16.1× | 31.2% | +7.3% |