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Solum · 248070 · Electronic components

Solum: Thin Margins and a Rebounding Share Price, With Valuation Multiples Distorted by Low Earnings

Why this report

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

Solum's shares rose 23.5% over the past month to ₩15,580, though they remain 8.3% lower over one year. Trailing operating margin is 3.5% and net margin 0.6%, well below the 2023 peak, which pushes the trailing P/E to 68.4.

Written Oct 20, 2026 · Data as of Oct 19, 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 a company whose revenue has recovered but whose profitability has not. Trailing revenue is ₩1.87T, above every full year shown except 2023, yet net income is only ₩10.9B versus ₩120.4B in 2023. The recent price rebound has come while earnings stay weak, so the P/E of 68.4 reflects depressed profit more than a high price. The price-to-book of 1.3 is the lowest year-end level shown for the company. The data does not explain why margins fell, and no news headlines are available. The model estimate is not available. August filings show a rights offering decision and share acquisitions in another company, but the data gives no details on size, purpose or terms.

Business overview

Solum is a KOSPI-listed electronic components company, founded in 2015 and listed in February 2021. Market capitalisation is about ₩745.0B on 47,816,236 listed shares. Revenue grew from ₩1.15T in 2021 to ₩1.95T in 2023, fell 18.3% in 2024 to ₩1.59T, and rose 6.6% in 2025 to ₩1.70T. Foreign ownership is 19.2%, down from 20.8% sixty days ago. Short balance is 1.1%.

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Model estimate of fair value

The valuation model has no estimate for this company yet (not enough data, or no positive value with the base case).

Filings and data used

Report history

  1. Oct 26, 2026Update note5%+ holder changeSolum: Activist Align Partners Raises Stake to 23.5%
  2. Oct 20, 2026InitiationStart of coverage (reader request)Solum: Thin Margins and a Rebounding Share Price, With Valuation Multiples Distorted by Low Earnings

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