DYA디와이에이

DYA's shares have fallen sharply over the past year, while its filed H1 2026 trailing figures show a 4.7% operating margin and negative free cash flow.

DYA is a Korean maker of automotive seat assemblies, selling mainly to Hyundai Motor, Kia and KG Mobility. Its share price closed at ₩3,335 on 16 October 2026, down 43.7% over one year, with a market capitalisation of about ₩31.2B. Trailing figures to H1 2026 show revenue of ₩442.6B, operating income of ₩20.8B and net income of ₩18.0B, but free cash flow was negative at about -₩6.5B.

What stands out

• Trailing revenue to H1 2026 is ₩442.6B, versus ₩633.4B for full-year 2025, and the 2025 revenue growth figure was 12.1%.
• 2025 was loss-making at net level (about -₩0.6B), while 2023 had a large net loss of ₩102.7B, and 2022 and 2021 were also loss-making.
• Trailing operating margin is 4.7% and net margin is 4.1%, but the liabilities-to-equity ratio is 704.3%, which is high.
• The data reports cash of about ₩31.7T against no listed borrowings, yet the trailing ROE of 55.6% is distorted by a small equity base and should be read with care.
• Foreign ownership fell from 3.1% to 2.1% over the last 60 days, and the 20-day investor flow data shows net foreign selling of about ₩0.1B.

What to watch

• The amended H1 2026 half-year report filed on 30 September 2026 and the next periodic results.
• Several 5%+ holding and largest-shareholder change filings in mid to late September 2026, plus the corporate value-up plan filed on 10 September 2026.
• Negative trailing free cash flow and the high liabilities-to-equity ratio; the data does not include a valuation model or analyst views.