Koh Young Technology: Earnings Recovery in Filings, Share Price Well Above Model Estimate

Thesis

The data supports an earnings recovery. Operating margin rose from 1.6% in 2024 to 7.5% in 2025 and 12.4% on a trailing basis to H1 2026, and return on equity improved from 4.5% to 13.9%. Foreign ownership rose from 25.5% to 29.4% over 60 days, and foreigners were net buyers of about ₩71.7B over 20 days.

The data also shows limits. The price has risen 20.1% in one month and 24.2% in three months, and sits below the 52-week high of ₩45,000 but far above the low of ₩15,730. Institutions were net sellers of about ₩90.2B over 20 days. The model estimate is well below the current price, so the market is pricing in much more than the model's assumptions. Net income (₩47.7B) exceeds operating income (₩36.0B), so non-operating items appear to contribute to profit; the data does not explain them.

Business overview

Koh Young Technology is a KOSDAQ-listed company in the machinery sector, founded on 2002-04-25 and listed on 2008-06-03. It has 68,204,213 listed shares and a market capitalization of about ₩2.2T. The CEO is listed as 고광일. Revenue was ₩247.3B in 2021, peaked at ₩275.4B in 2022, fell to ₩225.6B in 2023 and ₩202.5B in 2024, then recovered to ₩232.6B in 2025. No news headlines are available in the data, and the data does not describe products or customers.

Model estimate of fair value

Bear

₩1,755

-94%

Base

₩3,099

-90%

Bull

₩5,349

-82%

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 7.9%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

• 5%+ holding reportOct 16, 2026
• 5%+ holding reportOct 15, 2026
• 5%+ holding reportOct 14, 2026
• 5%+ holding reportOct 7, 2026
• Investor relations (IR) eventOct 1, 2026
• Amended: Treasury share sale decisionSep 30, 2026
• 5%+ holding reportSep 29, 2026
• Treasury share sale decisionSep 29, 2026
• Investor relations (IR) eventSep 14, 2026
• Insider shareholding reportSep 8, 2026
• Insider shareholding reportSep 8, 2026
• 5%+ holding reportSep 8, 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

1. Oct 21, 2026Update noteModel fair value changeKoh Young Technology: Model Fair Value Estimate Rises to ₩6,708 per Share
2. Oct 18, 2026InitiationStart of coverage (redone with new statements)Koh Young Technology: Earnings Recovery in Filings, Share Price Well Above Model Estimate