ESteem에스팀

ESteem shows a profitable trend-content business trading at a low multiple, but the share price has fallen 11% over three months.

ESteem runs fashion event and digital content production, with trailing twelve-month revenue of about ₩35.2B, operating income of about ₩2.5B and net income of about ₩2.1B to H1 2026. It has been listed since March 2026, and its trailing P/E of 12.5 and P/B of 0.9 sit well below most of the listed peers in the data. The data does not include borrowings, dividend history beyond a 0% yield, or any analyst views.

What stands out

• Trailing operating margin is 7% and net margin is 5.9%, with ROE of 7.2% versus 13.5% for full-year 2025.
• The filings show no revenue growth figure for 2025 because prior-year comparison data is missing, so the trend cannot be judged from this pack.
• Liabilities are 32.8% of equity and cash is about ₩23.3B, while borrowings are not reported.
• The company paid no dividend (0% yield), and free cash flow over the trailing period is about ₩1.7B.
• Foreign ownership fell from 3.1% to 1.8% over 60 days, and 20-day flows show foreign and institutional net selling against net retail buying.
• The DCF-based fair value model gives a base of ₩6,851, a bear of ₩4,841 and a bull of ₩10,274 against a ₩3,000 close; these are model outputs, not forecasts.

What to watch

• The buyback trust status report filed 28 September 2026 and the trust contract signed in June, which bear on share supply.
• The next quarterly or annual filings, since the pack does not include forward guidance or consensus estimates.
• Share price volatility: the 52-week range runs from ₩2,700 to ₩42,350, and the data has no 1-year return figure.