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KREDKRED
032190KOSDAQ

Daou Data

18,450
-480 (-2.54%)

Price chart

  • MA5
  • MA20
  • MA60
Market capitalizationKRW 1T

Each day's close multiplied by the listed share count of this share class alone, sampled weekly. It is the figure for this issue only, not a combined total across common and preferred shares.

Overview

Summary

Daou Data was established in 1992 and is headquartered in Seoul. The company is listed on the KOSDAQ market.

The company operates in software and hardware distribution, value added network services, and electronic payment gateway services.

Company overview

가. 연결대상 종속회사 개황

(1) 연결대상 종속회사 현황(요약)

주요 종속회사 여부 판단기준 - 최근사업연도 자산총액이 지배회사 자산총액의 10% 이상 - 최근사업연도 자산총액이 750억원 이상

(2) 연결대상회사의 변동내용

나. 회사의 법적ㆍ상업적 명칭당사의 명칭은 주식회사 다우데이타라 칭하며, 약칭으로는 다우데이타, 영문으로는 Daou Data Corp.라고 표기합니다.

다. 설립일자당사는 1992년 6월 10일에 설립되었으며, 1999년 12월 21일자로 코스닥 시장에 상장되어 코스닥시장에서 매매가 개시되었습니다.

라. 본사의 주소, 전화번호, 홈페이지 주소- 본사의 주소 : 서울특별시 마포구 독막로 311 재화스퀘어 3층, 5층- 전화번호 : 1833-6600- 홈페이지 : http://www.daoudata.co.kr

마. 중소기업 등 해당 여부

바. 주요 사업의 내용 및 향후 추친하려는 신규사업에 관한 간략한 설명지배회사인 주식회사 다우데이타는 프로그램미디어 제조, 컴퓨터 조직 및 프로그램개발, 컴퓨터 정보처리 관련 교육 및 자문, 전자기기 조립, 판매 및 용역업등을 영위할 목적으로 1992년 6월 10일에 설립되었습니다. 또한 1999년 12월 21일자로 코스닥 시장에 상장되어 코스닥시장에서 매매가 개시되었습니다. 현재 주요사업으로는 S/W, H/W 유통, VAN사업, 전자지급결제대행(PG) 사업이 있습니다.

사. 신용평가에 관한 사항당사는 보고서 작성기준일 현재 기업신용등급 'A'의 신용평가등급을 유지하고 있습니다. 최근 3사업연도 동안 회사가 받은 신용등급은 아래의 표와 같습니다.

주) 기업신용등급 체계 및 정의원리금의 적기상환 확실성의 정도에 따라 신용등급은 AAA에서 D 까지 10개의 등급으로 구성됩니다.

주) 위 등급중 'AA'등급에서 'CCC'등급까지는 그 상대적 우열 정도에 따라 +, - 기호를 첨부할 수 있음.

아. 회사의 주권상장(또는 등록ㆍ지정) 및 특례상장에 관한 사항

Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.20), tables and figures omitted.

  • The summary is written separately from the filed text and is not the filer's wording, so it may phrase things differently from or omit parts of the original, which is shown alongside for checking.
  • The company introduction reproduces the sentences the filer wrote in its business report, with tables, figures and the sentences that point to other sections of the report omitted, and the accuracy of their content has not been separately verified.

VaR

3.36%
[1.91%, 5.86%] · As of 2026-10-02
VaR by window

The headline's measure for each of the three windows on one scale, the dot being the estimate and the bar its interval. The windows are nested and share their observations, so the three readings are not three independent measurements. The selected window is highlighted.

Daily return distribution

The issue's daily returns over the chosen window counted into equal-width bins. The vertical lines mark the VaR and cVaR above on the loss side. The published VaR sample applies exclusion rules for halts and first sessions that this raw daily series does not, so the bars and the marks can differ slightly at the edges.

Drawdown

Deepest drawdown 45.3% (2026-07-30). How far below its previous peak the issue stood each day over the chosen window, a description of the path already travelled.

If these numbers are unfamiliarThere is a guide that walks through VaR, cVaR and annualized volatility in plain language.Read the guide

Characteristic line

0.83
Beta [0.66, 0.99] · KOSDAQ150 · As of 2026-10-08
Intercept
+0.051%[-0.314%, +0.416%]
R squared
0.45
Observations
252
Trading-time corrected beta
0.76[0.45, 1.06]
252-day rolling beta

A 252-day window rolled one day at a time over the longest daily span of the characteristic line. It shows when the beta against the KOSDAQ150 and the annualized volatility of the issue's excess return rose and fell, and unlike the headline figures above it carries no interval.

252-day rolling annualized volatility

Each point is one period's index excess return and issue excess return, and the line is the regression fitted to those points. The risk-free rate is the certificate of deposit rate.

Financials

20152016201720182019202020212022202320242025TTM
RevenueKRW 100M13,07713,78416,14425,25332,62055,25765,80197,472103,340121,361180,520354,545
Revenue growth%—5.4117.1256.4229.1769.4019.0848.136.0217.4448.75—
Operating incomeKRW 100M2,7432,6423,5363,6165,59010,55313,1557,7676,67912,05915,99922,901
Operating income growth%—-3.7133.852.2754.5788.8024.65-40.96-14.0080.5332.67—
Net incomeKRW 100M—1,7412,3582,3294,0886,5809,0187,3384,4298,65911,99717,992
Net income growth%——35.49-1.2475.5460.9437.06-18.63-39.6595.5138.55—
Attributable to ownersKRW 100M8682123583316829611,4702,0376361,6432,1883,357
Attributable to minoritiesKRW 100M1,7071,5282,0001,9993,4065,6197,5485,3013,7937,0169,80914,635
Operating margin%20.9819.1721.9014.3217.1419.1019.997.976.469.948.866.46
Net margin%—12.6314.619.2212.5311.9113.717.534.297.136.655.07
ROE%22.364.897.577.5911.2212.8315.9617.945.3912.1213.5918.41
ROA%—1.711.741.181.621.691.921.470.821.501.431.62
Debt ratio%383.72492.93553.47667.16808.011,075.28865.64817.26843.62792.56984.541,186.18
Current ratio%114.74106.96110.69105.32106.87101.5298.5699.9087.6299.5398.64100.43
Quick ratio%114.39106.89110.60105.27106.85101.5298.5599.8886.9499.5298.35100.20
Reserve ratio%2,098.932,201.652,371.812,601.662,901.803,384.954,317.035,451.685,663.416,508.217,585.258,663.03
Free cash flowKRW 100M-1,928-3,684-8,532-14,505-29,950-13,540-34,542-20,049-21,190-49,128-66,518—
FCF margin%-14.74-26.73-52.85-57.44-91.81-24.50-52.49-20.57-20.50-40.48-36.85—
OCF conversion%—-198.37-356.24-608.69-712.87-201.07-379.41-263.88-459.57-561.35-544.60—
Capex to revenue%1.911.680.811.302.470.560.500.700.810.430.66—
Receivable daysdays———247.67.24.9——————
Inventory daysdays—5.52.91.81.00.30.30.20.20.22.6—
Payable daysdays—13.09.25.75.13.4——————
Cash conversion cycledays———243.73.11.9——————
EPSKRW—5549358631,7822,5103,8385,3191,6604,2905,7138,764
PERx—20.2211.0210.954.665.103.935.828.302.373.222.06
BPSKRW—11,33212,34711,36815,88619,56624,05329,65430,80135,39342,04747,597
PBRx—0.990.830.830.520.650.631.040.450.290.440.38
Dividend per shareKRW100100130160180250300300250450550—
Payout ratio%—18.0513.9018.5410.109.967.825.6415.0610.499.63—

Consolidated basis

Profit flowKRW 100M

Revenue
180,520
Cost of sales
153,332
Gross profit
27,187
Operating income
15,999
SG&A expenses
11,188
Non-operating income
1,240
Profit before tax
17,239
Net income
11,997
Income tax expense
5,242

This diagram traces where revenue goes at each step on its way to net income, using the filed amounts as they are. The non-operating result is taken as the difference between profit before tax and operating income and is shown as income or expense by its sign, and whatever a step's items leave unexplained is shown separately as other.

Revenue compositionKRW 100M

Margins%

Cash flow by activityKRW 100M

Balance sheet compositionKRW 100M

Debt ratio%

The left bar splits assets into current and non-current and the right bar splits the financing of those assets into liabilities and equity, so the two bars stand at the same height.

Quarterly resultsKRW 100M

Year-on-year growth%

Each quarterly bar is that quarter's three months and is never mixed with an annual figure. The growth rate is computed only where the same quarter a year earlier is also shown here, and is left blank when the base was a loss.

Cash conversion cycledays

Free cash flow breakdownKRW 100M

Inventory days and receivable days stack upward, payable days hang downward, and the cash conversion cycle they net to is drawn as the line. Each day count uses the average balance with the prior year, so the oldest year is not drawn. A day count whose line was not filed is left out, and the cycle is shown only for years that carry all three.

Free cash flow is cash from operating activities less spending on property, plant and equipment, and all three bars keep the sign as filed.

Owners' net margin%

Asset turnoverx

Financial leveragex

ROE%

ROE is the product of the owners' net margin, asset turnover and financial leverage. All three use period-end balances as denominators, and profit and equity are on the owners' basis, so the product matches the ROE in the table.

Financial statements

Balance sheet

20152016201720182019202020212022202320242025
74,550101,748135,618197,707252,148389,976470,015498,749539,399577,571836,382
59,13884,588114,865171,936224,379356,794421,341444,376482,236512,862759,263
15,41217,16020,75425,77127,76933,18248,67454,37457,16364,70977,119

Income statement

20152016201720182019202020212022202320242025
13,077*13,78416,14425,25332,620*55,25765,80197,472103,340121,361180,520
2,743*2,6423,5363,6165,59010,55313,1557,7676,67912,05915,999
3,664*2,6413,4703,4965,46310,32413,2527,8046,50311,64417,239
Not applicable1,7412,3582,3294,0886,5809,0187,3384,4298,65911,997
Basic earnings per shareKRWNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable3,8385,3191,6604,2905,713
Diluted earnings per shareKRWNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable3,7495,3191,6604,235*5,713
Not applicable1,5882,7832,3773,3176,2389,6347,0834,3669,24514,551

Cash flow statement

20152016201720182019202020212022202320242025
Net incomefrom the income statement—1,7412,3582,3294,0886,5809,0187,3384,4298,65911,997
Total adjustments to operating cash flowcomputed—-5,193-10,760-16,506-33,234-19,810-43,234-26,703-24,783-57,266-77,331
-1,678-3,453-8,401-14,177-29,145-13,230-34,216-19,364-20,354-48,607-65,335
-1,706-6,871-2,892-8,120-4,001192-3,885-4,491-3,407-3,014-15,807
3,47010,37611,75525,14431,60922,05839,77925,68227,06153,71186,627
Cash at beginning of periodKRW 100M2,1012,1402,2112,6135,4613,93912,94614,62716,40419,68721,859
2,1402,2112,6135,4613,93912,94614,62716,40419,68721,85927,338
Net change in cash and cash equivalentsKRW 100M39724022,848-1,5229,0061,6821,7773,2832,1725,479

In the latest fiscal year operations and investing consumed cash raised through financing activities.

A year whose own filing is absent is filled from the restated comparative in the following filing, and is marked as such. Operating indicators outside the statements, such as order backlogs, and audit opinions are not covered here, and per-share figures follow the filed values without retroactive adjustment for share splits.

Transcribed verbatim from the sentences the filer wrote in the fiscal {year} business report (received {date}), with tables, figures and cross-references to other sections omitted.

The newest annual filing shown was received on 2026.03.20.

Audit opinion

Fiscal yearOpinionAuditorFiscal year end
2025적정의견Term 34삼정회계법인2025-12-31
2024적정의견Term 33삼정회계법인2025-12-31
2023적정의견Term 32삼정회계법인2025-12-31
2022적정Term 31삼일회계법인2022-12-31
2021적정Term 30삼일회계법인2022-12-31
2020적정Term 29삼일회계법인2022-12-31
2019적정Term 28한영회계법인2019-12-31
2018적정Term 27한영회계법인2019-12-31
2017적정Term 26한영회계법인2019-12-31
2016적정Term 25한영회계법인2016-12-31
2015적정Term 24한영회계법인2016-12-31
2014적정Term 23한영회계법인2016-12-31

The auditor's name and the opinion are transcribed verbatim from the filed audit report, and the wording follows the filer. A fiscal year shown twice means the filing carried two entries that the source does not distinguish.

Korean audit opinions come in four kinds, where an unqualified opinion (적정) finds the statements fairly presented, a qualified opinion (한정) does so except for a stated matter, an adverse opinion (부적정) finds them not fairly presented, and a disclaimer of opinion (의견거절) means the auditor could not obtain enough evidence to form a view.

Valuation

Valuation multiplesx

PER and PBR divide each period's closing price by the per-share figure filed for that same period, and a loss period is left blank. The quarterly view is a multiple of quarterly EPS.

Dividend historyKRW

The dividend-per-share bars are restated onto the current share basis for splits and par-value changes. The payout ratio and the dividend yield divide figures filed for the same period and are left unadjusted.

Payout ratio and dividend yield%

PER bandKRW

The price is the adjusted close and each band line multiplies the EPS of the latest completed fiscal year by a fixed multiple. The previous year's EPS stays in force until the next fiscal year ends, and the multiples divide the range between the lowest and highest annual PER on record into equal steps.

Valuation models

Five models priced under one set of assumptions, set beside the current price, with how each has moved by fiscal year.

Assumptions

Risk-free rate10-year treasury yield · 2026-10-084.40%
BetaDaily 5Y0.66
%
%
Cost of equity7.72%
Weighted average cost of capital—
Initial growth12.3%
Effective tax rate30.4%
Base fiscal year2025
Current priceKRW18,450

The risk premium and the terminal growth rate are adjustable assumptions, and the rest follow from the data and the formulas.

ModelModel priceKRWVersus current price
Gordon growth model9,810-46.8%
Dividend discount model DDM12,357-33.0%
Discounted cash flow FCFFBase-year cash flow not positive
Discounted cash flow FCFE2,206,170+11,857.6%
Residual income model RIM102,744+456.9%
The table prices the newest fiscal year's accounts at today's treasury yield and the current price.

Dividend and residual income familyKRW

Discounted cash flow familyKRW

Each fiscal year's figures use that year's accounts and the treasury yield at its period end, with beta held at its current value, and splits or par changes are restated to the current share basis.

How the figures are calculated

Each model's formula is shown in symbols and then with this issue's own numbers substituted, step by step. Changing a value in the assumptions panel changes the numbers here too. Firm-level amounts are in hundred million won and per-share values in won.

Cost of equity

r=rf+β×ERPr = r_f + \beta \times \mathit{ERP}

r = 4.40% + 0.66 × 5.00% = 7.72%

Initial growth

g1=max⁡{ROE×(1−payout), 0},gt=g1+(gT−g1) t−1N−1g_1 = \max\{\mathit{ROE} \times (1 - \text{payout}),\,0\},\qquad g_t = g_1 + (g_T - g_1)\,\frac{t-1}{N-1}

g_1 = max(13.59% × (1 − 9.63%), 0) = 12.28%

Growth starts at this value in the first year and falls by equal steps each year to reach the terminal rate in the fifth

Gordon growth model

P0=D0 (1+gT)r−gTP_0 = \frac{D_0\,(1 + g_T)}{r - g_T}

P_0 = 550 × (1 + 2.00%) / (7.72% − 2.00%) = 561 / 0.0572 = 9,810 KRW

Dividend discount model DDM

P0=∑t=1NDt(1+r)t+DN(1+gT)(r−gT) (1+r)N,Dt=Dt−1(1+gt)P_0 = \sum_{t=1}^{N} \frac{D_t}{(1+r)^t} + \frac{D_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad D_t = D_{t-1}(1+g_t)

D_0 = 550, g_1 = 12.28%, g_T = 2.00%, r = 7.72%

YearGrowthDividend KRWDiscount factorPresent value KRW
112.28%6180.9283573
29.71%6770.8618584
37.14%7260.8001581
44.57%7590.7427564
52.00%7740.6895534
Terminal value2.00%13,8090.68959,522
Total12,357

P_0 = 12,357 KRW

Residual income model RIM

P0=B0+∑t=1NRIt(1+r)t+RIN(1+gT)(r−gT) (1+r)N,RIt=(ROE−r) Bt−1P_0 = B_0 + \sum_{t=1}^{N} \frac{\mathit{RI}_t}{(1+r)^t} + \frac{\mathit{RI}_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad \mathit{RI}_t = (\mathit{ROE} - r)\,B_{t-1}

B_0 = 42,047 KRW, ROE = 13.59%, payout ratio = 9.63%, r = 7.72%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
142,0475,7133,2462,4680.92832,291
247,2106,4153,6442,7710.86182,388
353,0077,2024,0923,1110.80012,489
459,5168,0874,5943,4930.74272,594
566,8259,0805,1583,9220.68952,704
Terminal value69,9490.689548,231

P_0 = 42,047 + 12,466 + 48,231 = 102,744 KRW

Discounted cash flow FCFE

FCFE0=CFO−CapEx+ΔD,P0=1Shares[∑t=1NFCFEt(1+r)t+FCFEN(1+gT)(r−gT) (1+r)N],FCFEt=FCFEt−1(1+gt)\mathit{FCFE}_0 = \mathit{CFO} - \mathit{CapEx} + \Delta D,\qquad P_0 = \frac{1}{\text{Shares}}\left[\sum_{t=1}^{N} \frac{\mathit{FCFE}_t}{(1+r)^t} + \frac{\mathit{FCFE}_N (1+g_T)}{(r - g_T)\,(1+r)^N}\right],\qquad \mathit{FCFE}_t = \mathit{FCFE}_{t-1}(1+g_t)

Base-year cash flow FCFE

FCFE_0 = -65,334.6 − 1,183.3 + 104,126.5 (net borrowing) = 37,608.5 KRW hundred million

YearGrowthCash flow KRW hundred millionDiscount factorPresent value KRW hundred million
112.28%42,226.70.928339,200.8
29.71%46,326.70.861839,925.3
37.14%49,634.30.800139,710.7
44.57%51,902.50.742738,549.9
52.00%52,940.60.689536,503.3
Terminal value2.00%944,249.00.6895651,073.1
Total844,963.1

P_0 = 844,963.1 KRW hundred million ÷ 38,300,000 (shares) = 2,206,170 KRW

The cost of equity is the risk-free rate plus beta times the equity risk premium. Initial growth is the newest fiscal year's return on equity times its retention ratio, floored at zero, and falls by equal steps from that value in the first year to the terminal rate in the fifth. Only the Gordon model grows at the terminal rate from the start. Discounted cash flow starts from operating cash flow less capital expenditure, where FCFF adds after-tax interest paid and discounts at the weighted average cost of capital, and FCFE adds net borrowing and discounts at the cost of equity. The residual income model adds to book value per share the present value of earnings above the equity charge.

Other issues on the same market

Neighbours in the market capitalisation order.

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