DB HiTekDB하이텍

DB HiTek's profits remain strong on a trailing basis, but the share price has fallen about 30% over the past month.

DB HiTek is an 8-inch contract chip maker focused on analog and power processes, with trailing twelve-month revenue of ₩1.54T and operating income of ₩323B to H1 2026. Revenue rose 23.5% in 2025 after a weak 2024, and the company renewed an international quality certification for automotive semiconductors on 2026-10-26. The share price closed at ₩93,100 on 2026-10-26, well below its 52-week high of ₩230,500 but up 54.4% over one year.

What stands out

• Trailing operating margin is 21% and net margin is 22.5%, below 2022's peak operating margin of 45.9% but above 2024's 16.9%.
• Trailing free cash flow is about ₩242B against borrowings of ₩291B and cash of ₩235B, so debt is roughly matched by cash.
• The fair value model gives a base value of ₩67,446, below the current price of ₩93,100; the bear and bull cases are ₩50,885 and ₩92,248.
• Over the past 20 days foreign investors were net buyers of about ₩111B, while institutions sold about ₩84B and retail investors sold about ₩30B.
• Foreign ownership fell from 29.3% to 26% over the last 60 days, and the company filed several 5%+ holding reports in early October.

What to watch

• The disclosed fair value model range sits mostly below the current price, so the gap between valuation estimates and the share price is worth monitoring.
• A amended filing on 2026-09-29 concerned a business suspension linked to a subsidiary's material management matters; the data does not give details, so check the filing itself.
• The next quarterly results and any further filings on the subsidiary, as well as the automotive quality certification, which the data does not link to specific revenue figures.