[Click e-Stock] "InziSoft Expands Shareholder Returns Alongside Performance Turnaround"
On August 12, KB Securities analyzed that InziSoft is not only experiencing a turnaround in performance but is also expanding its shareholder return policy.
Lim Sangkuk, a researcher at KB Securities, stated, "InziSoft's provisional results for the second quarter show revenue of 5.22 billion KRW (up 24.2% year-on-year) and an operating profit of 660 million KRW, marking a return to profitability." He added, "Cumulative revenue for the first half of the year reached 9.48 billion KRW (up 6.0% year-on-year), and operating profit was 1 billion KRW, representing a complete turnaround in performance." Profitability has improved significantly due to increased revenue from the cloud (SaaS segment) and maintenance services, and revenue growth is expected to continue in the second half of the year.
InziSoft operates a cloud-based electronic document service (Q-Service) business to support the expansion of digital financial operations and ODS activation at financial institutions. Lim noted, "Amid rapid population aging and a decline in the labor force, the value of AI technology and robotic solutions is expected to rise." He emphasized, "Deep learning-based image recognition solutions, electronic documentation technology, and automated robotic solutions can enhance operational efficiency in the financial sector and potentially offset future labor shortages."
InziSoft's current market capitalization stands at 62.4 billion KRW, and as of the end of the first quarter this year, it holds a reserve ratio of 3,666% and short-term financial assets of 35.9 billion KRW. Considering its operational and technological value, the company is viewed as being significantly undervalued.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- Tragedy Strikes on Part-time Job Commute... Man in His 30s Arrested for Drunk Driving Death of Freshman College Student
- "Striking Will Lead to Regret": Hyundai-Kia Employees Speak Out... Uneasy Stares Toward Samsung Union
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Additionally, on August 5, InziSoft decided on a cash (interim) dividend of 1,126 KRW per share, resulting in a dividend yield of 6.3%. The company also holds 19.9% of its own shares and has retained earnings of approximately 57.3 billion KRW, providing the capacity to utilize these resources for future share cancellation, bonus issues, or M&A funding. Lim added, "The key point going forward will be whether the company can secure new growth engines through M&A, leveraging its strong asset base."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.