Stonebridge Ventures스톤브릿지벤처스

Stonebridge Ventures shows strong trailing profits on a volatile share price, with 2025 earnings driven by investment gains and no news coverage in the data.

Stonebridge Ventures is a Seoul-based venture capital firm that earns management fees, performance fees and investment returns from the funds it runs. On trailing figures to H1 2026 it reports revenue of ₩51.4B, operating income of ₩28.1B and net income of ₩10.2B, with a share price of ₩4,525 and a market value of about ₩83.1B. Profit swings are large year to year, so the trailing numbers should be read against a volatile history.

What stands out

• Trailing operating margin is 54.7% and net margin 19.8%, but 2025 net income of ₩11.1B was well above trailing net income of ₩10.2B and the 2024 figure of ₩2.3B, showing how uneven results are.
• Revenue went from ₩42.4B in 2021 to ₩14.2B in 2024 before rising 80.2% to ₩25.5B in 2025, so the business has a lumpy earnings pattern.
• Trailing free cash flow of ₩29.4B and cash of ₩23.1B compare with borrowings of ₩14.7B, and liabilities to equity is 20.1%.
• The stock is down 5% over one year and sits between its 52-week low of ₩4,000 and high of ₩7,270; the company pays no dividend in the data.
• Recent filings include a major management matter (July 2026, later amended), a half-year report and a corporate value-up plan, but the news feed is empty so the filings' content is not explained in the data.

What to watch

• The content and impact of the July 2026 major management matter and its amendment, which the data does not describe.
• Next results and any further amended filings, given the large swings between years in revenue and net income.
• The model's fair value range of ₩2,207 to ₩6,257 (base ₩3,966) is below the current price in its base case, and foreign ownership has slipped from 2.3% to 2.1% over the past 60 days.