Intrinsic value reportPrepared · 09/28/2026

카페24

042000 · KOSDAQ2026 Q2 Earnings basis

Market cap: ₩452B
Net assets: ₩267B
PER: 12.61x
PBR: 1.69x

Intrinsic market capitalization₩0

Intrinsic value per share42,427 KRW

Current price18,700 KRW

Difference from market price+126.9%The current price is below intrinsic value

Buy consideration price (30% margin of safety)29,699 KRWThe current price is below the buy consideration price

Scenario range

Current price 18,700

Conservative30,112 KRWFair42,427 KRWOptimistic66,288 KRW

Analysis modelModified two-stage DCF

Engine versionvaluation-engine-v0.24.1

This valuation uses the selected model, public financial data, and the available inputs at the time of analysis. Review the model, scenarios, and quarterly figures together.

QuarterReported	Revenue	Operating income	Net income	OCF	FCF
2026 Q2Final2026.08.13	₩83.4B	₩8.2B	₩8.8B	₩20.0B	₩15.2B
2026 Q12026.05.14	₩75.5B	₩6.2B	₩6.4B	₩12.1B	₩6.9B
2025 Q42026.03.17	₩87.3B	₩13.0B	₩13.2B	₩19.1B	₩16.5B
2025 Q32025.11.13	₩76.8B	₩10.0B	₩7.5B	₩14.9B	₩12.8B

Expected share price based on this year’s cash flowAdjust the value below to update the reference for the next earnings release.

Selected expected price42,427KRW

₩22.1BSelected 43%₩89.9B

Target cash flow₩51.4B

Cash flow confirmed to date₩22.1B

Amount to confirm in Q3₩14.6BAmount to confirm across the remaining 2 quarter(s).

This report is reference information based on public financial data and inputs. It is not a stock recommendation or investment advice.