INFOvine인포바인

INFOvine's trailing profits remain high at roughly 31% margins, but the share price has fallen 29% over the past year.

INFOvine, a KOSDAQ-listed firm that stores public certificates on mobile phones, reported trailing twelve-month revenue of ₩27.8B and net income of ₩8.6B to H1 2026, with ₩26.6B in cash against ₩3.6B in borrowings. The shares closed at ₩9,380 on 2026-10-28, a market value of about ₩128B, well below the 52-week high of about ₩20,161.

What stands out

• Revenue rose 14% in 2025 to about ₩28.7B, but operating margin fell from 31.3% in 2024 to 22.5% in 2025, while the trailing figures to H1 2026 show a margin of 30.8%.
• Trailing net income of ₩8.6B is close to operating income, and free cash flow is about ₩6.4B.
• The DCF fair value model gives a base value of ₩15,693 per share (bear ₩12,436, bull ₩20,914), at a 7.4% discount rate; this is a model output, not a forecast.
• Valuation now shows a P/E of about 15, P/B of 1.3 and a dividend yield of 2.6%; the stock is up 37.9% over three months but down 28.9% over one year.
• Foreign ownership rose from 8.8% to 9.4% over 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• Share cancellation decisions were filed in June and September 2026, and a May 2026 notice covered treasury share cancellation; the effect on share count and per-share value should be checked in future filings.
• The next quarterly or annual report will show whether the margin recovery holds, since 2025 margins were well below the TTM level.
• No recent news headlines are in the data, so business developments beyond the filings are not visible here.