Subscribe

Koal Software Co., Ltd. (603232.SS)

CNY13.87 -0.25 (-1.77%)
CN SHH Technology Software - Infrastructure
Address Building 4 200436
Shanghai, CN
CEO Ye Feng
Website koal.com
IPO 2017-04-21
ISIN CNE100002XS5

Explore sections of this company profile

Description

Koal Software Co., Ltd. is a prominent developer of public key infrastructure (PKI) platforms within China. The company offers an extensive range of products and services, beginning with a robust identity security infrastructure. This encompasses various aspects of certificate management, including root and standard certificate issuance, registration auditing, integrated key and certificate management, and trusted identity governance systems. Its cryptographic services platform features timestamping and signature verification servers, along with advanced electronic signature systems. For secure access, Koal Software provides authentication and access control solutions such as secure authentication, SSL application delivery, API gateways, single sign-on (SSO) gateways, and comprehensive account management systems. The company's offerings also extend to endpoint security and admission control, covering local area network (LAN) access management, secure terminal login capabilities, and file protection systems. Data security and privacy are addressed through a suite of products, including secure email, internet safety tools, network shield protection, USB security guardians, print control, and secure instant messaging systems. Furthermore, Koal Software delivers specialized solutions like unified authentication, terminal security password modules, Internet of Things (IoT) security, certificate authentication systems, and mobile security. The company serves a diverse clientele that includes government entities such as public security, immigration departments, and various ministries; critical sectors like information technology, finance, and manufacturing; financial institutions including banks and securities trading firms; and military industry groups within the defense sector. Established in 1998, Koal Software Co., Ltd. maintains its headquarters in Shanghai, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
CNY13.87 -0.25 (-1.77%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
12M
Beta
0.49
Float Shares
144.39M
Free Float %
62.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.72% -0.91% -0.81% -25.35% -13.38% -14.55% +45.58% +28.34% +29.70% +155.01% +155.01%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
13.87
DCF (Unlevered) 1.28 -90.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
10.36
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Software - Infrastructure: +13.7%
    -32.5% Q1'26: +44.4% (vs Q1'25)
  • EPS growth Software - Infrastructure: +28.7%
    -325.0% Q1'26: +45.5% (vs Q1'25)
  • FCF margin FCF growth · Software - Infrastructure: +32.2%
    -19.6% Q1'26: -91.4% (vs Q1'25)
  • EBIT margin Software - Infrastructure: +8.8%
    -27.2% Q1'26: -37.2% (vs Q1'25)
  • ROIC Software - Infrastructure: +6.6%
    -11.1% Q1'26: -11.0% (vs Q1'25)
  • Share dilution Software - Infrastructure: +0.0%
    +2.3% Q1'26: +4.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Infrastructure: -1.06×
    -0.66× Q1'26: -0.43× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.89) × ERP
WACC = 99% × Ke + 1% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.27 Current price: 13.87
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
370.54M
est: 329.00M (+12.6%)
444.81M
est: 481.70M (-7.7%)
611.07M
est: 688.00M (-11.2%)
659.52M
est: 894.97M (-26.3%)
561.35M
est: 617.23M (-9.1%)
529.28M
est: 631.00M (-16.1%)
357.55M
est: 589.12M (-39.3%)
519.28M
519.28M – 519.28M
-11.9% YoY
618.13M
618.13M – 618.13M
+19.0% YoY
715.72M
715.72M – 715.72M
+15.8% YoY
EBITDA
90.14M
est: 48.04M (+87.6%)
94.59M
est: 70.34M (+34.5%)
125.20M
est: 100.46M (+24.6%)
17.69M
est: 130.68M (-86.5%)
74.23M
est: 90.13M (-17.6%)
43.66M
est: 34.78M (+25.5%)
-61.08M
est: 32.47M (-288.1%)
28.62M
28.62M – 28.62M
-11.9% YoY
34.07M
34.07M – 34.07M
+19.0% YoY
39.45M
39.45M – 39.45M
+15.8% YoY
EBIT
79.25M
est: 25.98M (+205.1%)
64.12M
est: 38.03M (+68.6%)
91.07M
est: 54.32M (+67.6%)
-14.17M
est: 70.67M (-120.1%)
43.31M
est: 48.74M (-11.1%)
28.43M
est: -1.65M (+1,822.2%)
-97.07M
est: -1.54M (-6,199.3%)
-1.36M
-1.36M – -1.36M
+11.9% YoY
-1.62M
-1.62M – -1.62M
-19.0% YoY
-1.87M
-1.87M – -1.87M
-15.8% YoY
Net Income
70.08M
est: 93.16M (-24.8%)
57.08M
est: 82.44M (-30.8%)
79.71M
est: 94.33M (-15.5%)
-8.71M
est: 108.14M (-108.1%)
36.97M
est: 34.51M (+7.1%)
36.81M
est: 63.57M (-42.1%)
-84.77M
est: 77.70M (-209.1%)
63.57M
63.57M – 63.57M
-18.2% YoY
77.70M
77.70M – 77.70M
+22.2% YoY
103.60M
103.60M – 103.60M
+33.3% YoY
SGA
98.37M
est: 41.28M (+138.3%)
111.02M
est: 60.43M (+83.7%)
171.66M
est: 86.32M (+98.9%)
209.40M
est: 112.28M (+86.5%)
196.85M
est: 77.44M (+154.2%)
172.51M
est: 180.84M (-4.6%)
56.49M
est: 168.84M (-66.5%)
148.83M
148.83M – 148.83M
-11.9% YoY
177.16M
177.16M – 177.16M
+19.0% YoY
205.13M
205.13M – 205.13M
+15.8% YoY
EPS
0.34
est: 0.40 (-16.0%)
0.25
est: 0.36 (-30.2%)
0.34
est: 0.41 (-17.1%)
-0.04
est: 0.47 (-108.5%)
0.16
est: 0.15 (+6.7%)
0.16
est: 0.27 (-40.7%)
-0.36
est: 0.33 (-209.1%)
0.27
0.27 – 0.27
-18.2% YoY
0.33
0.33 – 0.33
+22.2% YoY
0.44
0.44 – 0.44
+33.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-11 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-05-08 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-07 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-06 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-29 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-28 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-27 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-24 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-23 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-22 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-21 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-20 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-17 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5
2026-04-16 C+ 2/5 1/5 2/5 3/5 3/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-122.05M
OE per share TTM
-0.52
Owner's Yield
-2.63%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
24.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-118.2K
Shares Outstanding
232.18M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Guanhua Cai Board Secretary & Director male
Litong Zhu Director and Deputy GM male
Qingqiang Kong Deputy General Manager male
Xiaoyu Zhang Deputy General Manager male
Yaxuan Zhu Deputy General Manager female
Ye Feng GM & Director male
Ying Zou Head of Accounting Agency & CFO female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits