Multicampus멀티캠퍼스

Multicampus shows lower revenue and profit than in 2024, with a shrinking share price over the past year but a modest recent gain.

Multicampus, a Korean education and language assessment company, reported trailing twelve-month revenue of ₩338B and operating income of ₩27.8B through H1 2026. Revenue fell 6.2% in 2025 and operating margin has slipped from 11.5% in 2022 to 8.2% on a trailing basis. The shares closed at ₩26,300, down 20.4% over one year but up 6.3% over three months.

What stands out

• Trailing net income is ₩22.6B against ₩26.2B for 2025 and ₩31.5B for 2024, so profits have declined for two years.
• The balance sheet looks light: liabilities are 35.3% of equity and the data shows no borrowings, with cash of ₩21.5B.
• Valuation metrics are low, with P/E of 6.9, P/B of 0.7 and a 5.1% dividend yield, while the data's DCF base value is ₩94,927, far above the current price; this model output is not a forecast.
• Recent filings include preliminary consolidated earnings on 22 October 2026, a share buyback decision on 22 September 2026, and a change of CEO on 31 March 2026.
• Foreign ownership edged up to 4.2% from 4.0% over 60 days, while retail investors were net sellers of about ₩1.7B over the last 20 days.
• No news headlines are included in the data for this period.

What to watch

• Full details of the preliminary consolidated earnings filed on 22 October 2026, which the data does not yet itemise.
• Whether the share buyback announced in September 2026 is carried out, as the data does not show its size or timing.
• Continued revenue and margin pressure, since the trailing figures are below 2024 levels.