Joong Ang Enervis중앙에너비스

Joong Ang Enervis remains loss-making on a trailing basis, with revenue steady near ₩50B but shares down sharply over the past year.

The company sells fuel under a dealer contract with SK Energy and earns rental income from its property. Trailing twelve-month figures to H1 2026 show revenue of ₩50.7B, an operating loss of ₩1.7B and a net loss of ₩1.0B. At ₩12,080, the shares are about 68% below their 52-week high of ₩38,000 and roughly 3% above the 52-week low.

What stands out

• Revenue has been roughly flat at about ₩50B for 2024 through the trailing period, after a sharp 22.5% drop in 2023.
• Operating and net losses have persisted in each year from 2023 through H1 2026, with an operating margin of -3.3% on a trailing basis.
• The balance sheet looks lightly indebted: liabilities are 7.9% of equity, borrowings are ₩150M and cash is about ₩31M.
• The trailing free cash flow is positive at about ₩240M, though this is small relative to the company's size.
• The valuation shows a price-to-book of 1.5 and a dividend yield of 2.9%, while earnings-based ratios are not meaningful because of the losses.

What to watch

• The full-year 2026 results, which the data does not yet include, will show whether the operating losses are narrowing.
• The amended annual report filings from July 2026 were filed several times; the reasons are not stated in the data.
• Retail investors have been net sellers over the last 20 days, while foreign holders have been net buyers; the data does not explain the cause.