Noroo Holdings노루홀딩스

Noroo Holdings is a small paint-focused holding company whose shares have fallen sharply over the past year, with earnings slightly lower in 2025 and first-half 2026 results still positive.

Noroo Holdings controls subsidiaries making architectural, industrial and automotive paints, plus pre-coated steel paints and seeds. Trailing twelve-month revenue is about ₩1.26T with operating income near ₩76B and net income near ₩37B, and the shares closed at ₩14,370, roughly 39.5% below a year earlier. The data includes no news headlines, so the reasons for the share price decline are not explained here.

What stands out

• Trailing revenue of ₩1.26T and operating margin of 6% are slightly above the 2025 full-year levels (₩1.24T revenue, 5.2% margin), while 2025 net income of ₩32B was well below 2024's ₩51B.
• Cash of ₩173B roughly matches borrowings of ₩172B, and liabilities are 64.7% of equity.
• The stock trades at about 5.1x earnings and 0.4x book value, with a 4.2% dividend yield per the data; the internal net asset value model gives a base value of ₩3,537 versus the current price, a model output and not a forecast.
• Foreign ownership fell from 3.0% to 2.7% over the last 60 days, and 20-day flows show foreign and institutional net selling offset by retail buying.
• Recent filings include the half-year report for June 2026 and several shareholding reports, but the data contains no news headlines.

What to watch

• The next quarterly or half-year results and whether operating margins hold near current levels.
• Further shareholding changes by the largest shareholder and insiders, as shown in future filings.
• The gap between the share price and the model's base value, and whether borrowings remain close to cash on hand.