Deep Value: cash covers more than 100% of the stock price

This company holds roughly $11M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

K Wave Media

KWM

Entertainment · Communication Services

Price

$1.63

-0.09 (-5.23%)

Market Cap

$4.3M

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+391.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 418K (2021) → 2.1M (2025)

Winston Score History

The full picture

K Wave Media Ltd. is a small entertainment company focused on Korean pop culture content, commonly known as K-pop. It produces and distributes music, videos, and related media, targeting fans of Korean entertainment primarily in Asia and among global K-pop audiences. The company operates in the broader Korean Wave entertainment industry, which has grown significantly in popularity worldwide over the past decade.

K Wave Media generates revenue through content sales, licensing, and media distribution, though its current financials show the business is not yet profitable. It is a very small company with a market cap under $100 million, and it faces intense competition from much larger Korean entertainment firms like HYBE, SM Entertainment, and YG Entertainment, which have far greater resources and established artist rosters. The main risk for K Wave Media is its ability to sign and develop talent that can attract a large enough audience to cover its high operating costs and reach profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

1.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$11M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

K Wave Media grew revenue 117893483% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

8.8%

Thin — 8.8% gross margin

Profit after running costs

Operating Margin

-249.4%

Losing money on operations — -249.4%

Return on the money invested

ROCE

-1211064.6%

Weak — -1211064.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-12.7%

Burning cash (-12.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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