Brainzcompany브레인즈컴퍼니

Brainzcompany is profitable on a trailing basis with low debt, but revenue has been shrinking and the share price is down sharply over the past year.

Brainzcompany sells IT infrastructure management software, led by its Zenius EMS product, mainly through licences and annual maintenance fees. On trailing figures to H1 2026 it reports revenue of about ₩25.6B, operating income of about ₩3.2B and net income of about ₩6.8B, with cash of ₩7.1B and no reported borrowings. The share price closed at ₩3,380 on 2026-10-16, well below its 52-week high of ₩5,900.

What stands out

• Trailing net income (₩6.8B) is more than double operating income (₩3.2B), so the profit figure is likely lifted by non-operating items; the data does not explain the source.
• Operating margin has fallen from 30% in 2021 to 8.4% in 2025 and 12.3% on a trailing basis, while revenue was down 5.6% in 2025.
• The company reports no borrowings and liabilities equal to 6.3% of equity, with cash of ₩7.1B against an enterprise value of about ₩20.6B.
• Valuation metrics are low: P/E of 4.1, P/B of 0.5 and a 5% dividend yield, while the internal fair value model gives a base of ₩7,630, a bear case of ₩5,108 and a bull case of ₩11,767.
• Recent filings are routine (half-year report amended in September 2026, a corporate value-up plan in April 2026); no news headlines were in the data.

What to watch

• Next quarterly and annual results, to see whether revenue stabilises and whether operating income keeps pace with net income.
• Any further amendments to the half-year report, and the reason for the change, which the data does not state.
• Foreign ownership, short balance and investor flow figures are missing from the data, so these cannot be assessed.