Studio Mir스튜디오미르

Studio Mir is still loss-making on an operating basis, and its shares have fallen sharply over the past year.

Studio Mir is an animation producer that works on a contract basis for global streaming platforms and North American cable channels, with mostly export sales. For the trailing twelve months to H1 2026 it reported revenue of about ₩16.4B, an operating loss of about ₩1.8T...

What stands out

• Trailing revenue is about ₩16.4B, roughly flat against 2025's ₩16.4B, after a 24.1% fall in 2024 and a 6.7% fall in 2025.
• Operating income was about -₩1.75T on a trailing basis, an operating margin of -10.7%, though net loss was small at about -₩69B.
• The company held about ₩20.6B in cash against ₩1.0B in borrowings, and liabilities were 11.4% of equity; trailing free cash flow was about -₩767M.
• At ₩890 the market value is about ₩29.2B, a P/B of 0.8, a P/S of 1.8, and no dividend; the data gives a DCF-based fair value range of ₩365 to ₩443.
• Shares are down 77.3% over one year and sit well above the 52-week low of ₩661, while foreign ownership eased from 3.9% to 3.7% over 60 days.

What to watch

• The amended half-year report filed on 2026-10-06 and any further corrections to filed statements.
• Whether the company announces new production or supply contracts, following the 2026-04-29 contract filing.
• Whether operating losses narrow, since the trailing operating loss is large relative to revenue; the data does not include forecasts.