Fescaro페스카로

Fescaro, a Korean automotive cybersecurity firm listed in December 2025, has shrunk in price over the past month while reporting a thin operating margin.

Fescaro makes embedded cybersecurity and software for vehicles and machinery, and it reported trailing revenue of about ₩16.6B with operating income of about ₩0.9B for the twelve months to H1 2026. Its shares closed at ₩6,130 on 27 October 2026, down 22.7% over one month but still far above the 52-week low of ₩4,450 and below the 52-week high of ₩47,000. The data does not include a 1-year return, since the stock has traded for less than a year.

What stands out

• Trailing operating margin is 5.3%, but net income of about ₩2.6B is well above operating income, so the bottom line rests on items outside core operations that the data does not explain.
• Borrowings of about ₩10.0B exceed cash of about ₩7.3B, and liabilities are 50.4% of equity.
• Trailing free cash flow is about ₩3.8B and ROE is 4.3%.
• The stock trades at about 23.6 times earnings and 1.0 times book, with no dividend, and the in-house DCF base value is ₩3,945, below the current price.
• Foreign ownership fell from 2.9% to 2.1% over 60 days, while the 20-day flows show foreign buying of about ₩0.4B and retail selling of about ₩0.4B.

What to watch

• The amended half-year report filed on 18 August 2026 and any further corrections to the filings.
• The shareholders' meeting and any follow-up filings linked to the notice filed in July 2026; the data does not say what agenda items are involved.
• Whether the company can sustain its government and automotive cybersecurity contracts, since the data gives no detail on its customer base or order book.