Korea Electronic Certification Authority, Inc.

Korea Electronic Certification Authority, Inc.

KKRX:041460
3,085.00
KRW
-50.00
(-1.59%)
295.03EPS
13.03P/E
70.56BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,189.33
1,302.21
1,356.89
1,445.89
1,451.04
1,437.97
1,496.45
1,720.23
1,822.48
2,036.31
2,033
1,955.64
1,983.66
2,094.11
Basic EPS, GAAP
172
166
187
261
186
151
87
138
219
185
126
209
252
295.52
Free Cash Flow per Basic Share
176.86
219.56
209.84
250.8
214.39
117.66
84.73
159.48
282.62
232.62
218.32
259.09
262.63
284.62
Dividend per Share
32.42
38.06
39.37
41.99
45.94
45.88
44.34
47.16
60.67
70.02
70.25
69.87
71.52
0.01
Book Value per Share
1,241.68
1,376.87
1,486.85
1,710.41
1,801.26
1,891.35
2,072.23
2,128.66
2,338.92
2,468.87
2,834.06
3,196.32
3,523.19
3,561.84
Tangible Book Value per Share
1,144.71
1,221.04
1,343.31
1,645.32
1,738.98
1,850.06
2,047.46
2,083.26
2,268.85
2,420.17
2,804.03
3,171.82
3,486.2
3,526.57
Basic Weighted Avg Shares
20
19
19
18
18
18
19
19
19
19
19
19
19
18
Sales/Revenue/Turnover
23,372
24,409
25,223
26,596
26,725
26,569
28,670
32,788
34,664
38,523
38,341
37,087
36,746
38,240
Operating Margin (%)
16.55
14.63
17.77
19.28
19.03
13.54
8.1
14.02
15.94
12.94
8.19
12.85
18.31
18.77
Depreciation Expense
1,157
1,058
1,183
911
641
776
1,057
1,015
1,211
1,351
1,221
1,178
1,120
1,115
Net Income, GAAP
3,380
3,112
3,476
4,801
3,426
2,790
1,667
2,630
4,165
3,500
2,376
3,963
4,668
5,396
Effective Tax Rate (%)
20.28
23.27
25.11
19.73
24.02
28.42
46.11
30.82
29.4
30.8
25.5
27.09
27.18
20.86
Profit Margin (%)
14.46
12.75
13.78
18.05
12.82
10.5
5.81
8.02
12.02
9.09
6.2
10.69
12.7
14.11
Working Capital
19,918
21,191
24,137
28,146
28,198
29,361
35,891
32,438
15,418
8,133
5,519
5,893
7,372
8,097
LT Debt
- -
- -
500
- -
- -
- -
- -
347
61
591
427
373
298
199
Total Equity
23,403
25,886
27,444
31,664
33,330
35,125
40,668
40,426
44,400
46,855
53,769
60,614
64,689
65,394
Return on Invested Capital (%)
13.49
11.02
12.25
13.59
11.82
7.5
3.24
7.65
8.98
7.12
4.45
5.9
7.63
8.85
Return on Capital (%)
14.89
12.65
12.93
16.3
10.68
8.31
4.63
6.52
9.88
7.51
4.68
6.96
7.43
8.62
Return on Common Equity (%)
14.89
12.64
13.07
16.33
10.6
8.19
4.42
6.51
9.85
7.69
4.74
6.94
7.46
8.62

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
411
367
311
LT Borrowings
- -
- -
- -
LT Finance Leases
371
298
199
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
73,496
68,272
70,563

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
24,986
26,134
31,163
Cash, Cash Equivalents & STI
17,301
17,866
20,300
Accounts Receivable, Net
1,658
1,852
2,174
Inventories
1
1
1
Total Current Liabilities
17,774
18,762
23,066
Payables & Accruals
- -
- -
- -
ST Debt
411
367
311
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.08%
9.91%
6.72%
Free Cash Flow
9.15%
14.13%
-0.98%
Net Income, GAAP
10.33%
18.97%
17.78%
Sales/Revenue/Turnover
3.98%
2.44%
-0.92%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,570
9,057
9,693
8,767
37,087
2025
9,486
9,367
8,664
9,230
36,746
2026
10,980
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
33
28
17
131.37
209
2025
85
51.71
80.39
35.5
252
2026
127.62
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
69.87
2025
- -
- -
- -
0.01
71.52
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hong-Shik Shin
Full Time Employees
75
Sector
Technology services
Industry
Information technology services
Address
Seoul South Korea
IPO Date
Nov 19, 2010
Business
Korea Electronic Certification Authority, Inc. is a South Korea-based information security and digital trust service provider that specializes in public key infrastructure (PKI) certification, biometric authentication, and cybersecurity solutions. Founded in 1999 and headquartered in Seoul, South Korea, the company operates as an accredited certification authority offering a comprehensive portfolio of security and identification products. The company's core offerings are organized into specialized segments: Digital Certification Services, including accredited joint digital certificates for individuals and corporations, server SSL/TLS security certificates, code signing, document signing, and domain registration; Authentication and Identity Solutions, comprising FIDO-compliant biometric authentication, CloudSign cloud-based PKI services, mobile identity verification, and multi-factor authentication platforms; Device and IoT Security, providing vehicle-to-everything (V2X) security certificates, electric vehicle charging infrastructure authentication, and connected device security modules; and Cognitive Technology Solutions, encompassing artificial intelligence software and intelligent robotics developed through its subsidiary, AIBrain Inc. Korea Electronic Certification Authority serves public sector institutions, financial entities, multinational corporations, e-commerce businesses, and retail consumers across South Korea, while expanding its geographic reach through European subsidiaries, including Turing Crypto GmbH in Germany and TuringSign Global SA in Switzerland. In recent developments, the company has accelerated its international market expansion by deploying its proprietary global certification brand, TuringSign, supported by accredited European operations. The company has also advanced the development and commercial integration of Post-Quantum Cryptography (PQC) security modules to protect communication infrastructure against quantum decryption threats, expanded its enterprise portfolio with automated certificate lifecycle management platforms including DigiCert ONE and Trust Lifecycle Manager (TLM), strengthened its passwordless and passkey authentication offerings, and maintained strategic financial technology ecosystem partnerships through equity investments in fintech platform operator Viva Republica (Toss).