ezCaretech이지케어텍

ezCaretech is a small Korean hospital software maker that returned to modest profit in 2025 after losses in 2021 to 2023, but its shares are down 14.7% over the past year.

The company sells hospital information systems and AI diagnostic tools mainly to Korean hospitals. Trailing twelve-month revenue to Q1 2026 was ₩77.2B with operating income of ₩2.4B and net income of ₩3.1B, and it held ₩7.5B in cash against ₩1.0B in borrowings. The share price closed at ₩6,810 on 2026-10-20, with a market cap of about ₩93.0B.

What stands out

• Revenue rose 6.9% in 2025 to ₩72.6B, and operating margin improved to 3.0% from 0.3% in 2024.
• 2023 and 2021 were loss years with large operating losses, and 2022 net income was negative, so the profit record is short.
• The DCF fair value model gives a base value of ₩1,099 per share, well below the current price of ₩6,810; the bear and bull values are ₩373 and ₩2,575.
• Trailing free cash flow of ₩13.2B is well above trailing net income of ₩3.1B, and the company reports no dividend.
• Recent filings include two major sales or supply contracts (July and September 2026), a management-related disclosure on 29 September 2026, and several shareholder meeting and director change notices.

What to watch

• The management matter disclosed on 29 September 2026 and the amended supply contract filed on 30 September 2026; the filings do not give full detail in the data provided.
• The next quarterly report and whether margins hold near the 3% range seen in the trailing figures.
• The data contains no news headlines, so the reasons behind the 14.7% one-year share price decline are not explained here.