Dongkuk Industries동국산업

Dongkuk Industries is loss-making on a trailing basis, though its shares have risen sharply over the past year.

Dongkuk Industries, a Korean steel and wind-tower maker, reported trailing twelve-month revenue of ₩658B to H1 2026 but an operating loss of ₩13.7B and a net loss of ₩20.9B. Its share price is ₩4,410, near the upper part of its 52-week range of ₩2,125 to ₩5,060, after returns of 36.1% over one month and 42.3% over one year. The data does not include forward forecasts or analyst views.

What stands out

• Revenue fell 7.9% in 2025 to ₩728B and has declined from ₩860B in 2022, while the company moved from a ₩35B operating profit in 2021 to a loss on a trailing basis.
• Trailing borrowings of ₩302B exceed cash of ₩68B, and liabilities are 94.7% of equity.
• Trailing free cash flow was positive at ₩52B despite the net loss.
• The stock trades at 0.7x book value and 0.4x sales, with a 3.3% dividend yield; P/E is not meaningful because earnings are negative.
• Foreign ownership fell from 1.8% to 0.7% over 60 days, while foreign investors were net sellers over the last 20 days.

What to watch

• The Q3 2026 quarterly report, which will show whether the operating loss is narrowing.
• Insider shareholding reports, which have been filed frequently since May 2026.
• Progress of the corporate value-up plan filed in March 2026; the data does not give details of its targets.