[Click eStock] Nomus, Expanding World Tour Attendance and Increasing Online Concert Streaming... Undervalued Phase

Yuanta Securities analyzed on the 27th that Nomus shows a high growth rate in its annual performance guidance and is currently in an undervalued range. No target price or investment opinion was provided.

Nomus provides comprehensive solutions by utilizing artist intellectual property (IP). In its 2024 consolidated performance, it achieved sales of 68.9 billion KRW and an operating profit of 8.1 billion KRW.

Researcher Lee Hwan-wook of Yuanta Securities stated, “Nomus generates revenue through its fan platform 'From' by offering one-on-one messaging service subscriptions and community memberships,” adding, “It has the strength of maintaining a virtuous business model (BM) after securing a fandom database (DB), actively utilizing it for customized merchandising (MD), content production, and concert demand forecasting.”

Lee forecasted, “This year, we expect high growth with sales of 104.6 billion KRW and operating profit of 22 billion KRW,” and added, “With the expansion of the global K-POP fandom, all business divisions recorded balanced growth, and further performance improvements are possible through technological advancements such as artificial intelligence (AI) filtering.”

He continued, “The company will leverage its strengths in the concert sector through increased world tour attendance, more frequent online concert streaming, and expansion of high-margin MD product lines,” and analyzed, “The recent anticipation of the lifting of China’s Hanhanryeong restrictions will be a positive factor for Nomus’s valuation rerating.”

Meanwhile, as of 2:36 PM on the same day, Nomus was trading at 22,850 KRW, down 600 KRW (2.56%) from the previous trading day.