Added to YB: 2026-09-23
Pitch date: 2026-09-10
466410.KQ [neutral]
Synapsoft Corporation
+3.47%
current return
Author Info
Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.
Company Info
Synapsoft Corporation, a software as a service company, develops, distributes, and sells digital document and document processing software in South Korea and internationally.
Market Cap
KRW 42.5B
Pitch Price
KRW 8.3K
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.54
P/E
7.20
EV/Sales
0.57
Sector
Software
Category
value
All Korean net nets #3: another 8 stocks - Synapsoft Corporation
466410.KQ (pass): Synapsoft is a capital-light, debt-free document-viewer business trading at roughly NCAV, with a 35% FY25 operating margin and negative KRW7bn enterprise value after treating KRW53.2bn of financial assets as non-operating. Despite broad deployment and a growing AI segment, the stock is a pass because product stickiness — only ~40% of revenue is recurring — and the AI threat are not sufficiently understood.
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