Ask Warren

JONBUR Research · Initiation

You're reading an earlier report from Oct 18, 2026. See the latest report

Graphy · 318060 · Chemicals

Graphy: Loss-Making Chemicals Firm Sees Sharp Share Price Drop Amid Heavy Financing Activity

Why this report

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

Graphy, a KOSDAQ-listed chemicals company, closed at ₩11,950 on 2026-10-16, down 30.1% over one month and 38.4% over three months, though still up 32.8% over one year. Filed financials show deep operating losses, negative free cash flow and a series of capital raising filings in July 2026.

Written Oct 18, 2026 · Data as of Oct 16, 2026 · 0 views

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

XfWATGr/in@

Thesis

The data supports a picture of a young listed company that is growing revenue but burning cash. Trailing revenue reached ₩23.5B against an operating loss of ₩11.8B, an operating margin of -50.1%. The share price sits far below its 52-week high of ₩69,000 and about 41.1% above the low of ₩8,470. Foreign ownership fell from 6.6% to 3.3% in 60 days, and foreigners were net sellers of about ₩4.3B over 20 days while retail investors were net buyers of about ₩4.0B. The data does not show what drove the decline or the company's plans for the funds raised. Filings show exchange inquiries about news reports or price moves on 2026-07-03 and 2026-07-31, and a share acquisition decision in August, but the details of those transactions are not in the data provided. Short balance data is not available.

Business overview

Graphy is classified in the Chemicals sector and trades on KOSDAQ. It was founded on 2017-01-02 and listed on 2025-08-25, so its public track record is short. It has 11,194,377 listed shares and a market capitalization of about ₩133.8B. The only full-year figures available are for 2025: revenue of ₩20.5B, an operating loss of ₩11.1B and a net loss of ₩11.7B. Revenue growth for 2025 is not available. Trailing revenue through H1 2026 of ₩23.5B suggests some increase versus 2025, though the comparison is not exact. The data does not describe products or customers.

Every earlier JONBUR Research report and update note on Graphy, with Pro.

Unlock with Pro

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 25, 2026Update noteBig price moveGraphy shares fall 17.4% in five trading days on heavy volume
  2. Oct 18, 2026InitiationStart of coverage (reader request)Graphy: Loss-Making Chemicals Firm Sees Sharp Share Price Drop Amid Heavy Financing Activity

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