Kyungbang경방

Kyungbang's profit has recovered sharply on a small revenue base, but the shares are down over the past month and three months.

Kyungbang is a Korean textile maker with a real estate arm that includes Times Square malls in Seoul. Based on filed statements to H1 2026, trailing revenue is about ₩443B and operating income about ₩59B, with a 13.2% operating margin, up from 8.4% in 2024. The stock closed at ₩7,890 on 16 October 2026, with a market value of about ₩216B and a 52-week range of ₩6,200 to ₩15,210.

What stands out

• Trailing net income of about ₩52B compares with a net loss of ₩13B in 2023, and 2025 net income was ₩47B.
• Revenue growth has been modest, at 1% to 4% a year from 2022 to 2025.
• Valuation metrics are low: P/E about 4.1, P/B about 0.3, and EV/EBITDA about 1.7, with no dividend yield shown.
• Cash of about ₩76B exceeds borrowings of ₩15B, and trailing free cash flow is about ₩65B.
• The 1-year return is +16.7%, but the 1-month return is -3.7% and the 3-month return is -7%.
• Recent filings are mostly largest-shareholder holding changes and 5%+ holding reports, plus the H1 2026 half-year report; no news headlines were provided.

What to watch

• The next quarterly results and whether the margin improvement holds, since the trailing figures include earlier periods of weaker profit.
• Further largest-shareholder holding changes shown in filings, which may matter for share supply.
• The data gives no foreign ownership, investor flow or short-interest figures, so these cannot be assessed; the DCF fair value range of ₩37,612 to ₩81,430 is a model output, not a forecast.