e-Credible이크레더블

e-Credible remains highly profitable on trailing figures, but its shares have fallen about 18% over the past year.

The Seoul-listed credit information firm reported trailing twelve-month revenue of ₩52.1B-scale figures wait, correctly: revenue of ₩52.1B and net income of ₩13.0B to H1 2026, with a 24.9% net margin and ₩40.0B in cash. The share price of ₩13,810 sits near the lower half of its 52-week range, and the model's base-case fair value of ₩23,654 is well above it, though that is a model output, not a forecast.

What stands out

• Trailing operating margin is 30.6%, down from 40.9% in 2022 but close to the 31.1% reported for 2025.
• Annual revenue grew 10.9% in 2025 after a 12.8% decline in 2023, while 2024 growth was 9.7%.
• Trailing free cash flow of ₩15.2B is broadly in line with net income, and borrowings are not reported.
• Trading multiples are P/E 12.8 and P/B 3.9, with a 6.2% dividend yield, versus NAVER at 13.3 and Kakao at 38.8 on P/E.
• Foreign ownership edged down to 9.7% from 9.8% over 60 days, and 20-day foreign flows were net negative.

What to watch

• The amended half-year report filed on 14 August 2026 was a correction; the data does not say what changed.
• The corporate value-up plan filed in May 2026 has no detail in the data, so its contents and timing are unclear.
• No recent news headlines are available, so no external developments are captured in this summary.