Wise iTech위세아이텍

Wise iTech is a small, loss-to-profit software maker whose H1 2026 earnings are thin, with the shares down sharply over the past year.

Wise iTech sells AI and data management software to financial, public, manufacturing, distribution and education customers in Korea. On a trailing twelve-month basis to H1 2026 it reported revenue of ₩42.3B, operating income of ₩0.9B (2.2% margin) and net income of ₩2.0B, while the share price closed at ₩2,870 on 2026-10-28, about 51.5% lower over one year.

What stands out

• Trailing revenue rose to ₩42.3B from ₩38.3B in 2025, but operating margin is only 2.2% versus 17.1% in 2021.
• Net income of ₩2.0B in the trailing period is well above operating income, and the data does not explain the gap.
• Valuation metrics are low: P/E 10.8, P/B 0.7, dividend yield 5.2%, but the DCF fair value range in the data is very wide (₩0 to ₩4,187).
• Debt is material: liabilities are 124.7% of equity and borrowings are ₩20B against cash of ₩6.6B.
• Recent news covers an AI analytics product launch (튜밋), an MOU with Innocean Worldwide on overseas expansion, and an AI platform push; the data gives no financial impact for these.

What to watch

• The full-year 2026 results and any change to the operating margin, which has been thin since 2023.
• Foreign ownership fell from 2.7% to 1.9% over 60 days, and 20-day foreign flows were negative; watch whether this trend continues.
• Filings titled as amended major contracts and the progress of the Innocean partnership, which the data does not quantify.