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Gaon Cable · 000500 · Electrical equipment
Gaon Cable Q3 2026 Preliminary Results: Operating Profit Roughly Doubles Year on Year
Gaon Cable reported preliminary Q3 2026 consolidated operating profit of ₩52.0B, up 99.1% from a year earlier, on revenue of ₩986.5B. The result supports the growth side of the previous report, but the margin stays thin and the share price leaves the valuation demanding.
Written Oct 19, 2026 · Data as of Oct 16, 2026 · 0 views
This is not financial advice. The report does not recommend buying or selling anything.
What happened
On 2026-10-19 the company published preliminary consolidated results for July to September 2026. The figures are provisional and may differ from final numbers.
Revenue was ₩986.5B, up 51.9% from ₩649.4B a year earlier and up 13.5% from ₩869.4B in Q2 2026. Operating profit was ₩52.0B, up 99.1% from ₩26.1B a year earlier and up 43.9% from ₩36.1B in Q2.
Pre-tax profit from continuing operations was ₩40.6B (up 85.4% y/y). Net profit was ₩30.0B, up 60.6% from ₩18.7B a year earlier and up 31.2% from the prior quarter.
For the first nine months, revenue was ₩2.62T (up 35.6%), operating profit ₩116.0B (up 62.8%) and net profit ₩72.5B (up 50.1%).
The quarterly operating margin works out to about 5.3% (₩52.0B on ₩986.5B), against about 4.0% a year earlier. This is our calculation from the filing figures.
Every earlier JONBUR Research report and update note on Gaon Cable, with Pro.
Unlock with ProModel estimate of fair value
- Bear
- ₩7,868
- -97%
- Base
- ₩33,822
- -85%
- Bull
- ₩71,473
- -69%
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.
Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 12.5%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions
Filings and data used
- Preliminary earnings (consolidated)Oct 19, 2026
- Investor relations (IR) eventOct 8, 2026
- Quarterly Disclosure of Short-Term Financial Product Transactions with Affiliated Financial Companies as CounterpartiesOct 8, 2026
- Trading Plan Report for Executives and Major Shareholders' Specific SecuritiesSep 11, 2026
- Investor relations (IR) eventAug 31, 2026
- Disclosure on Large Business Group Status [Quarterly Disclosure (For Individual Company)]Aug 31, 2026
- Change in Product and Service Transactions with Companies Controlled by the Same IndividualAug 14, 2026
- Matters Concerning Payment Amounts by Payment Method and Payment Period, and Dispute Mediation BodiesAug 14, 2026
- Half-year report (Jun 2026)Aug 14, 2026
- Disclosure of Transaction Counterparty of Affiliated Financial Company under Standard Terms of TransactionAug 12, 2026
- Transactions of Goods and Services with Affiliated Companies Held by the Same PersonAug 12, 2026
- Transactions of Goods and Services with Affiliated Companies Held by the Same PersonAug 12, 2026
- Gaonchemical targets US nuclear market, produces dedicated cables at local plantOct 13, 2026
- Daily prices up to 2026-10-16
- Financial statements, trailing 12 months as of H1 2026
- Our fair value model, statements as of TTM to H1 2026
Report history
- Oct 29, 2026Update noteNewsGaon Cable Reported to Win ₩120B U.S. Power Cable Order
- Oct 21, 2026Update noteModel fair value changeGaon Cable: Model Fair Value Estimate Cut 37% to ₩21,313 per Share
- Oct 19, 2026Update noteEarningsGaon Cable Q3 2026 Preliminary Results: Operating Profit Roughly Doubles Year on Year
- Oct 13, 2026InitiationGaon Cable: Strong Revenue Growth and a 391.7% One-Year Share Gain Meet Thin Margins and High Multiples
Source: KRX statistical information