WISEnut와이즈넛

WISEnut's profits have fallen sharply from 2023 levels, and the shares have dropped about 64% over the past year, though the company still reports positive trailing profit and cash.

WISEnut is a Korean AI software company, with roughly 60% of revenue from the public sector. Trailing twelve-month revenue is about ₩35.8B with a 4.8% operating margin, and cash is about ₩7.0B against no reported borrowings. The share price is ₩4,860, near the bottom of its 52-week range of ₩4,650 to ₩14,700, and the company's market value is about ₩57.4B.

What stands out

• Revenue has been roughly flat at about ₩35B for 2023 to 2025, but operating income fell from ₩3.5B in 2023 to ₩0.1B in 2025.
• Trailing net income (₩3.2B) is well above trailing operating income (₩1.7B), so non-operating items or other factors are contributing; the data does not explain the gap.
• The company reports no borrowings and a liabilities-to-equity ratio of 16.7%, with trailing free cash flow of about ₩3.6B.
• The estimated DCF fair value is ₩5,552 in the base case (bear ₩4,496, bull ₩7,402), close to the current price; this is a model output, not a forecast.
• Filings in 2026 include a share buyback decision, a treasury stock acquisition report, a share cancellation decision, and an amended corporate value-up plan. Foreign ownership is 0%, and retail investors were net sellers over the last 20 days.

What to watch

• The next half-year or annual results, to see whether operating margin recovers from the 2025 low of 0.3%.
• Follow-up on the share cancellation and buyback filings, and any further value-up plan updates.
• The public-sector share of revenue, given its weight in the business; the news data contains no recent headlines to add context.