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JONBUR Research · Initiation

You're reading an earlier report from Oct 13, 2026. See the latest report

Vitzrocell · 082920 · Batteries

Vitzrocell: Five Years of Rising Profits, Shares Well Below Their 52-Week High

Why this report

Start of coverage: one of the 300 largest companies, written once its financial statements were in.

Vitzrocell is a KOSDAQ-listed battery maker whose filed revenue rose from ₩113.2B in 2021 to ₩243.1B in 2025, with a trailing operating margin of 27.8%. The shares closed at ₩25,550 on 2026-10-12, down 13.4% over one year and well below the 52-week high of ₩67,800, while a DCF model estimate sits above the price.

Written Oct 13, 2026 · Data as of Oct 12, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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Thesis

The data supports a picture of consistent growth and improving profitability. Revenue grew every year shown, and operating margin rose from 15.4% in 2021 to 28.5% in 2025. ROE was 22.2% on a trailing basis, and the balance sheet is light, with liabilities at 19.0% of equity.

The share price has moved the other way recently, down 8.1% over one month and 11.7% over three months. The data does not explain why. No news headlines are provided, and investor flow, foreign ownership and short balance data are not available. Several 5%+ holding reports and insider shareholding reports were filed in July to September 2026, but their contents are not in the data, so no conclusion can be drawn from them.

Business overview

Vitzrocell is classified in the Batteries sector and trades on KOSDAQ under code 082920. It was founded on 1987-10-31 and listed on 2009-10-28. CEO is 장승국. It has 22,872,213 listed shares and a market capitalisation of about ₩584.4B. The data gives no breakdown of products or customers, so the business description is limited to the figures: revenue of ₩277.1B over the trailing twelve months to H1 2026, up from ₩113.2B in 2021.

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Model estimate of fair value

Bear
₩40,153
+65%
Base
₩63,248
+160%
Bull
₩104,864
+331%

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 6.1%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 29, 2026Update note5%+ holder changeVitzrocell: Fidelity Management & Research Reports New 7.0% Stake
  2. Oct 13, 2026InitiationStart of coverage (300 largest)Vitzrocell: Five Years of Rising Profits, Shares Well Below Their 52-Week High

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information