Binggrae빙그레

Binggrae's trailing profits have recovered from 2025, but the shares are down 10.8% over the past month.

Binggrae, a Korean dairy and food maker known for Bananamilk and Yoplait-brand yogurt, reported trailing twelve-month revenue of ₩1.53T and operating income of ₩132B to H1 2026. Operating margin of 8.6% is well above the 5.9% recorded for 2025, and the stock trades at a 7.6 P/E and 0.8 P/B. The filings and news point to a recovery after the Haitai Ice Cream merger, though the 2024 peak has not been regained.

What stands out

• Trailing operating income of ₩132B is up sharply from ₩88B in 2025, though still below ₩131B in 2024.
• Net income of ₩87B on a trailing basis compares with ₩56B in 2025, and free cash flow is ₩108B.
• Borrowings of ₩70B are less than cash of ₩157B, and liabilities to equity is 44.9%.
• Foreign ownership rose from 16.9% to 25.7% over the past 60 days, while retail investors were net sellers over 20 days (about -₩15B).
• The company's own news says the full effect of the Haitai Ice Cream merger is still expected to show up in profitability.

What to watch

• The next quarterly or annual results, to see whether margins keep improving from the trailing 8.6%.
• The fair value model in the data gives a base of ₩144,997 against a close of ₩75,200, a bear case of ₩70,036 and a bull case of ₩275,145; these are model outputs, not forecasts, and the wide range reflects high sensitivity to assumptions.
• The shares paid no dividend (0% yield), and the data does not say whether one is planned.