SM Culture & ContentsSM C&C

SM C&C is loss-making on a trailing basis, and its shares have fallen sharply while it moves to consolidate its stock.

Trailing twelve-month revenue to H1 2026 is about ₩110B, with an operating loss of about ₩0.9B and a net loss of about ₩4.9B. The shares closed at ₩858 on 2026-10-23, down about 36% over one year and near the low end of their 52-week range. The company announced a 5-to-1 share consolidation and a plan to restructure its business portfolio toward profitability.

What stands out

• Revenue fell in 2025 (down 8.6%) and in 2024 and 2023 as well, after a 13% rise in 2022.
• Operating results swung from a small profit in 2022 to losses in 2025 and the trailing period, with a net loss in most recent years.
• Liabilities are about 121.5% of equity and trailing free cash flow is negative at about -₩18.7B, while cash is about ₩25.4B; the filings give no borrowings figure.
• The company's own DCF model gives a base value of ₩145 per share, well below the ₩858 close, while bull value is ₩514; the bear value shown is ₩0 and the model's assumptions are not detailed in the data.
• Foreign ownership is 3.2%, down slightly from 3.4% sixty days earlier, and institutions were net sellers over the last 20 days.

What to watch

• Effects of the 5-to-1 share consolidation and the shareholders' meeting, including the record date and any change in trading.
• The full-year 2026 results and the business portfolio restructuring the company has said it will pursue.
• Whether operating profit returns, since the data shows no forward earnings estimates and P/E is not meaningful at current losses.