Softcen소프트센

Softcen is a small KOSDAQ IT company that is roughly break-even on recent earnings, with its shares down about 35% over the past year.

Softcen runs IT infrastructure supply, a flexible OLED materials and inspection equipment business, and text, voice and authentication services for Chinese mobile carriers. On trailing twelve-month figures to H1 2026 it reported revenue of ₩59.6B, a small operating profit of about ₩0.4B and a net loss of about ₩0.2B. The filings show it holds more cash (₩62.4B) than borrowings (₩14.4B), and the market value is about ₩19.9B.

What stands out

• Revenue fell 8.5% in 2025 to ₩54.8B, after a 1.9% decline in 2024, and the company returned to a small operating profit on a trailing basis to H1 2026.
• Annual net losses were ₩11.5B in 2023, ₩3.5B in 2024 and ₩2.2B in 2025, so the trailing net loss of about ₩0.2B is smaller than in prior years.
• Cash of ₩62.4B exceeds borrowings of ₩14.4B, and the data shows a negative enterprise value, which is a mechanical result of that gap rather than a sign of value.
• The shares closed at ₩862 on 23 October 2026, down 13.7% over one month, 13.8% over three months and 34.7% over one year. Foreign ownership rose from 28.3% to 39% over the last 60 days.
• The company's DCF model in the data gives a base value of ₩2,009, with a bear case of ₩1,619 and a bull case of ₩2,610. This is an internal model output, not an analyst target, and it is based on an 11% discount rate.

What to watch

• Recent filings include several 'Delisting' entries, an early redemption of 11th-series convertible bonds, a 5%+ holding report and a notice of a shareholders' meeting. The titles alone do not explain what these involve, so the filings themselves should be read.
• The data contains no recent news headlines, and it does not include a forward earnings outlook or any analyst coverage.
• The 2022 figures in the data are implausibly scaled and the 2023 revenue growth shows -100%, so older comparisons should be treated with caution. The 52-week low is shown as zero, which is also unreliable.