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JONBUR Research · Initiation

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Finger · 163730 · Software

Finger: Sharp Three-Month Rally Meets Thin Profits and Heavy Financing Activity

Why this report

Start of coverage: written when a reader opened this company and there was no report yet.

Finger's shares closed at ₩12,020 on 2026-10-20, up 54.5% over three months but still 53.1% below the 52-week high of ₩25,650. Filed results show revenue near ₩92.2B with a trailing operating margin of 0.8%, while recent filings show convertible bond, rights offering and share acquisition activity.

Written Oct 21, 2026 · Data as of Oct 20, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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Thesis

The data supports a picture of a small KOSDAQ software company whose revenue has recovered but whose core profitability remains thin. Trailing revenue of ₩92.2B is roughly flat versus 2021 (₩94.8B), and the operating margin of 0.8% is well below the 7.8% of 2021. Trailing net income of ₩6.0B (net margin 6.5%) is much larger than operating income of ₩783M, so the bottom line does not appear to come from core operations; the data does not say what drove the gap.

The share price has risen 20.3% in one month and 54.5% in three months. Over the same period foreign ownership fell from 8.0% to 2.6%, and the last 20 days show foreign net selling of about ₩1.2B against retail net buying of about ₩974M. The model estimate sits well below the current price. News headlines are not available in the data.

Business overview

Finger is listed on KOSDAQ in the software sector and was listed on 2021-01-29, with 12,765,717 shares outstanding and a market capitalization of about ₩153.4B. Revenue was ₩94.8B in 2021, ₩90.1B in 2022, ₩83.1B in 2023 and ₩71.6B in 2024, then rose 27.9% to ₩91.6B in 2025. The data does not describe specific products or segments.

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Model estimate of fair value

Bear
₩3,526
-72%
Base
₩5,103
-59%
Bull
₩7,712
-38%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 9.1%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 28, 2026Update noteNew shares / dilutionFinger Decides on ₩10.0B Private Convertible Bond Issue
  2. Oct 21, 2026InitiationStart of coverage (reader request)Finger: Sharp Three-Month Rally Meets Thin Profits and Heavy Financing Activity

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information