[Click eStock] "Nomus, Optimized Response to Changing Industry Trends"

On the 3rd, DS Investment & Securities evaluated Nomus as a company optimized for changing industry trends.

Nomus is an Entertech (Entertainment+Technology) company that combines entertainment and technology. The company operates businesses in four areas by utilizing artists' intellectual property (IP): ▲overseas tours ▲fan platforms ▲commerce (MD) ▲content production.

On the same day, Daehyung Cho, a researcher at DS Investment & Securities, explained in a report, “Nomus minimizes risks by predicting overseas tour demand in advance through a local promoter network and selecting appropriate performance scales and venues accordingly,” adding, “The fandom database (DB) secured through performances is actively utilized in MD (product planning and production) and content creation.”

In particular, Nomus maximizes synergy between business sectors by internalizing operations from MD design to logistics and sales channels (Fromm store). Through this, it is evaluated as strengthening the connection between artists and fans and maximizing the value of IP.

Nomus operates an independent platform not subordinated to any specific large agency and provides optimal solutions to small and medium-sized agencies and independent artists. It shows scalability and flexibility in line with the recent industry trend of increasing small and medium-sized agencies and independent artists.

Researcher Daehyung Cho explained, “The fan platform Fromm operated by Nomus currently has about 250,000 subscribers, and it is expected to surpass 300,000 within the year through additional IP acquisition and functional advancement,” adding, “We plan to further enhance the platform’s value by providing differentiated services such as private video messages.”

Starting with turning a profit this year, Nomus is expected to achieve significant growth by 2025, with sales reaching 114 billion KRW and operating profit of 31.7 billion KRW, representing increases of 63.5% and 177.2% respectively compared to the previous year. In particular, the price-to-earnings ratio (PER) is analyzed to be around 10 times in 2025, indicating it is undervalued relative to its growth potential.

He emphasized, “The current earnings estimates conservatively reflect only overseas tours and artist IPs already secured,” adding, “There is a high possibility of further upward revisions in performance, which means the potential for future stock price increases is open.”