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People & Technology · 137400 · Machinery

People & Technology: Revenue Below 2024 Peak, Shares Near Book Value and Model Estimate

Why this report

Start of coverage: written when a reader opened this company and there was no report yet.

People & Technology (KOSDAQ: Machinery) trades at ₩29,750 with a market cap of ₩704.8B, down 24.2% over one year. Trailing revenue of ₩698.7B is well below the 2024 peak, while the P/E of 8.5 and P/B of 1.0 are low against the company's own five-year history.

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.

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Thesis

The data supports a story of a business that peaked in 2024 and has since normalized. Revenue fell 28.0% in 2025 after rising 89.8% in 2024, and trailing operating margin of 10.2% is below the 12.8% of 2025 and the 15.8% of 2024. Return on equity has dropped from 26.5% in 2024 to 12.3% on a trailing basis.

On the other side, profits remain positive, trailing net income of ₩83.3B exceeds operating income, and the company has filed several share buyback decisions and supply contract filings in recent months. Foreign ownership has halved from 6.5% to 3.3% in 60 days, which shows weaker interest from that group. The data does not give order backlog, guidance or the contract values, so the durability of revenue is not visible.

Business overview

People & Technology is a Machinery company listed on KOSDAQ since 2012-07-06 and founded in 2003. It has 23,690,728 listed shares and a market cap of ₩704.8B. Annual revenue grew from ₩377.7B in 2021 to ₩1,035.1B in 2024, then fell to ₩744.9B in 2025. The data does not describe products or customers.

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Model estimate of fair value

Bear
₩11,605
-57%
Base
₩28,121
+4%
Bull
₩55,383
+105%

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 8%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 21, 2026Update noteModel fair value changePeople & Technology: Model Fair Value Estimate Rises to ₩52,652 Per Share, Mainly on a Lower Discount Rate
  2. Oct 19, 2026InitiationStart of coverage (reader request)People & Technology: Revenue Below 2024 Peak, Shares Near Book Value and Model Estimate

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