Eusu Holdings유수홀딩스

Eusu Holdings shows steady trailing profit and a low valuation, but 2025 earnings fell and recent news flow is thin.

Eusu Holdings is a Korean holding company whose subsidiaries provide port and logistics software and international freight forwarding and warehousing. Over the trailing twelve months to H1 2026 it reported revenue of about ₩436B, operating income of about ₩31B and net income of about ₩15B, with cash of about ₩198B and very little borrowing. The shares closed at ₩5,980 on 2026-10-28, near the lower half of their 52-week range.

What stands out

• Trailing operating margin is 7.1% and net margin 3.5%, above the 2025 full-year operating margin of 5.1%.
• 2025 revenue fell 4% and net income dropped to about ₩4.6B from ₩16.5B in 2024, while 2024 revenue had risen 27.5%.
• Balance sheet looks light: liabilities are 19.9% of equity and borrowings are negligible, with cash of about ₩198B against trailing free cash flow of about ₩38B.
• Valuation metrics are low on the data given: P/E of 10.1, P/B of 0.5, and a dividend yield of 5.9%.
• The share price is down 9.8% over one month but up 3.1% over three months and 6.2% over one year; the in-house DCF base value is ₩13,702, though this is a model output, not a forecast.

What to watch

• The next periodic results after the H1 2026 half-year report, to see whether revenue and profit recover from the 2025 decline.
• Any filings on the corporate value-up plan or dividend policy, which are relevant to the high dividend yield.
• No news headlines were available in the data, so the cause of the recent one-month share price decline is not explained here.