Creverse크레버스

Creverse shows thin profit margins and a sharply lower share price over the past year, though its half-year 2026 earnings are positive.

Creverse is a Korean education company running English, math and coding academies for children, with curricula also exported to Vietnam, China and Japan. Trailing results to H1 2026 show revenue of about ₩220B, operating income of about ₩2.9B and net income of about ₩9.8B, with revenue declining in 2024 and 2025. The shares closed at ₩8,340 on 2026-10-23, down 34.8% over one year and near the lower end of their 52-week range.

What stands out

• Revenue has fallen two years running (about -2.3% in 2024 and -3.2% in 2025), and the operating margin has compressed from 14.8% in 2021 to 1.0% in 2025 and 1.3% on a trailing basis.
• Trailing net income (₩9.8B) is well above operating income, so the profit figure likely depends on items other than core operations; the data does not explain the gap.
• Liabilities are about 2.7 times equity, with borrowings of about ₩42B against cash of about ₩15.5B.
• The company's valuation metrics are low (P/E 8.7, P/B 1.6) and the data shows a 9.6% dividend yield; a discounted cash flow model gives a base value of ₩20,027, but this is a model output, not a forecast.
• Recent filings include a change of CEO on 2026-10-01, a disclosed transfer of tangible assets on 2026-08-28, and several 5%+ holding and insider shareholding reports; the only news item is a company announcement of an AI education growth strategy.

What to watch

• The next half-year or annual results, to see whether operating margins recover from around 1%.
• Details of the asset transfer and the new CEO's strategy, which the data does not describe.
• Foreign ownership is small at 2.7%, and the 5%+ holding and largest-shareholder filings may signal further ownership changes.