DRB HoldingDRB동일

DRB Holding's profits have shrunk sharply since 2023 while the shares have fallen about 19% over the past year.

DRB Holding is a Korean holding company overseeing 18 consolidated subsidiaries in rubber parts, industrial rubber products such as belts and rubber tracks, and smaller automation and medical device businesses. Trailing revenue to H1 2026 was about ₩831B, but operating margin is thin at 3.9% and net margin is 1.4%. At a ₩3,940 close the stock trades at a 6.4 P/E and 0.2 P/B, with a 2% dividend yield.

What stands out

• Revenue has grown each year since 2021, reaching about ₩831B on a trailing basis to H1 2026.
• Operating income fell from ₩35.8B in 2023 to ₩24.9B in 2025, and trailing net income is about ₩11.9B versus ₩15.4B in 2023.
• Borrowings of about ₩345B exceed cash of about ₩152B, and liabilities are 88% of equity.
• Trailing ROE is 2.9%, and the shares are down 18.9% over one year, near the lower part of their 52-week range of ₩3,750 to ₩6,470.
• Recent filings are routine, including the H1 2026 half-year report and several 5%+ holding reports. The data contains no news headlines.

What to watch

• The next quarterly or annual results, to see whether operating margin recovers from the current 3.9% level.
• Changes in the 5%+ holding reports and the foreign ownership level, which has eased from 1.3% to 1.1% over 60 days.
• Debt levels against cash, since borrowings are more than twice cash on the latest figures. The data does not include a fair value estimate or analyst views.