Com2us컴투스

Com2uS shows a thin recent profit margin on trailing results, while its shares have risen 25% over three months but are still down 7% over one year.

Com2uS, a Korean mobile game developer and publisher, reported trailing revenue of ₩645B to H1 2026 with a small operating margin of 1.8% and net income of ₩12B. The filings show it is well below its 2021 profitability, and its 2025 net income was lifted by a large non-operating gain rather than core operations. The shares trade near ₩32,550, about 21% below the 52-week high of ₩41,000.

What stands out

• Trailing operating income is ₩11.9B on ₩645B revenue, a 1.8% margin, compared with 9.4% in 2021.
• Net income of ₩36.5B in 2025 was far above operating income of ₩2.6B, so it depends heavily on items outside core operations; the data does not explain them.
• Balance sheet shows cash of ₩163B against borrowings of ₩270B, with liabilities at 48.6% of equity.
• Valuation metrics are mixed: P/E of 31.9 on trailing earnings, P/B of 0.4, and a 4% dividend yield.
• Foreign ownership rose from 10.9% to 14.8% over 60 days, while retail investors were net sellers of about ₩6.9B over 20 days.

What to watch

• The advance earnings notice filed on 2026-10-23 and the full results that follow, since the data does not yet show their figures.
• The fair value model returns a base value of only ₩526 per share against a price of ₩32,550, and its bull case is ₩20,384; the data gives no explanation of these inputs, so treat them with caution.
• Any further 5%+ holding reports, which have appeared several times this year.