KleanNara깨끗한나라

KleanNara is loss-making on a trailing basis, with heavy borrowings and a share price down sharply over the past year.

KleanNara reported trailing twelve-month revenue of ₩515B to H1 2026 but an operating loss of ₩15.9B and a net loss of ₩38.0B, with free cash flow of -₩24.5B. Borrowings of ₩134B sit against cash of ₩10.1B, and liabilities are about 3 times equity. The shares closed at ₩1,195 on 2026-10-19, down 40.1% over one year and well below the 52-week high of ₩2,405.

What stands out

• Losses have persisted: operating income was negative in 2023, 2024 and 2025, and the 2025 net loss was ₩47.5B on revenue of ₩508B.
• Revenue fell 5.4% in 2025 after a 4.3% rise in 2024, so sales have been roughly flat around ₩510B to ₩540B over recent years.
• Valuation metrics are mixed: price-to-book is about 0.3, but P/E is not meaningful because of losses, and the data shows a DCF base value of ₩6,078, well above the current price.
• Foreign ownership rose from 0.7% to 1% over the last 60 days, while retail investors were net sellers over the past 20 days, according to the data provided.
• Recent filings include a shareholders' meeting notice, an amended half-year report, a 5%+ holding report, a conversion price adjustment and an Investment Caution Notice dated 2026-08-24. The data does not explain the reasons for the caution notice.

What to watch

• The shareholders' meeting and proxy solicitation documents filed in mid-October 2026, including any agenda items the data does not detail.
• Whether the company returns to operating profit, given the persistent losses and negative free cash flow.
• Debt levels and refinancing: borrowings of ₩134B are large relative to cash, and the data does not include details of repayment schedules.