Ibkimyoung아이비김영

Ibkimyoung is profitable and cash-generative on trailing numbers, but its share price has fallen over the past three months.

Ibkimyoung runs university transfer exam prep and a beauty education business with 25 academies. On trailing twelve months to H1 2026 it reported revenue of ₩121.7B, operating income of ₩19.1B and net income of ₩16.6B, with a 15.7% operating margin. The shares closed at ₩2,350 on 2026-10-23, below the 52-week high of ₩3,150 and within range of the low of ₩1,790.

What stands out

• Revenue grew in each year shown, from ₩79.4B in 2021 to ₩119.5B in 2025, though 2025 net income of ₩20.7B was well above operating income, which the filings data does not explain.
• 2022 was a weak year with operating margin of 3.6% and net income of only ₩0.3B, so earnings have been volatile before the recent recovery.
• Trailing free cash flow is about ₩27.6B against cash of ₩7.2B and borrowings of ₩1.7B, while liabilities are about 101% of equity.
• The stated valuation is low at 6.4x P/E and 1.7x P/B, and a 12.8% dividend yield is listed, but the data gives no dividend history to confirm its sustainability.
• Foreign ownership fell from 3.2% to 1.9% over 60 days, and 20-day foreign flows were net negative. The data shows no analyst ratings or news headlines.

What to watch

• The half-year report for June 2026 was filed on 2026-08-14; check how the full-year trend compares with the trailing figures shown.
• Dividend terms from the 2026 cash dividend decision and interim dividend record date, since the yield is a key part of the valuation case.
• The DCF fair value range is ₩3,688 to ₩9,853 with a base of ₩5,994, which depends on a 7.2% discount rate; the data does not explain the key assumptions.