Korea Information Certificate Authority한국정보인증

Korea Information Certificate Authority has returned to strong profit on trailing numbers, but its shares are down 18.8% over the past year and the latest filings focus on capital returns and governance paperwork.

The company runs Korean digital certificate, security and document-signing services, plus an online advertising arm. Trailing twelve-month revenue to H1 2026 is ₩144.2B with operating income of ₩31.8B and net income of ₩19.5B. The share price is ₩5,230, well below its 52-week high of ₩7,750 but up 31.7% over three months.

What stands out

• Trailing operating margin is 22.1% and net margin 13.5%, above the 2025 full-year operating margin of 19.5%.
• 2025 revenue grew 13.6% to ₩138.5B and net income reached ₩26.2B, well above 2024's ₩11.2B.
• Valuation metrics are low on the data given: P/E 10.6, P/B 1.0, EV/EBITDA 3.3, with a dividend yield of 3.8%.
• Trailing ROE is 10%, up from 6.1% in 2024, while liabilities-to-equity is 70.4% against cash of ₩54.6B and borrowings of ₩41.3B.
• Recent filings include a share buyback trust contract, a share cancellation decision and a capital reduction, alongside a corporate value-up plan from April 2026.
• The DCF-based fair value in the data is ₩13,089 (bear ₩8,908, bull ₩19,930), but this is a model output, not a forecast or recommendation.

What to watch

• The Q3 2026 quarterly report and whether margins hold near the trailing levels.
• Progress of the buyback and the share cancellation, including any further filings on own-share handling.
• The data contains no news headlines and no analyst coverage, so the reasons for the past year's share price decline are not explained here.