Sebang세방

Sebang's shares trade near the low end of their 52-week range as revenue fell in 2025 and profit margins remain thin.

Sebang is a Korean port cargo-handling, trucking, heavy-cargo and warehousing company with trailing twelve-month revenue of ₩1.2T and net income of ₩62B to the half-year of 2026. Revenue fell 9.6% in 2025 and operating margin is only 1.7% on a trailing basis, while the shares are down 7% over one year at ₩12,830. The data shows a low valuation (P/E about 4, P/B 0.2) but does not explain the cause of that discount.

What stands out

• Trailing operating income is ₩20B on ₩1.2T of revenue, a 1.7% operating margin, down from 2.2% in 2025 and 3.5% in 2022.
• Trailing net income of ₩62B is well above operating income, so non-operating items or other income are a large part of reported profit; the data does not break this down.
• Liabilities are 24.7% of equity and cash of ₩72B roughly offsets borrowings of ₩75B, so the balance sheet looks moderate on these figures.
• The stock trades at about 0.2 times book value and the data shows a 2.3% dividend yield, and a DCF base value of ₩12,202 sits just below the current price.
• Foreign ownership rose from 12.5% to 13.3% over 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The full-year 2026 results and the next quarterly report, to see whether revenue recovers from the 2025 decline and whether margins improve.
• The Wanju logistics complex, completed in 2025, and the Anseong e-commerce fulfillment project, to see whether they lift volumes; the data gives no timelines or financial targets for either.
• The amended annual report for Dec 2025 filed on 31 July 2026, since amendments can signal changes to previously reported figures; the data does not say what changed. No recent news headlines were available in the data.