Maeil Holdings매일홀딩스

Maeil Holdings trades near its 52-week low, with thin margins and a sharp share price fall over the past year.

Maeil Holdings is a holding company whose group spans dairy, beverages, coffee and bakery, distribution and a farm theme park. Trailing results to H1 2026 show revenue of about ₩2.24T but an operating margin of 3.5% and net margin of 1.7%. The share price is ₩9,590, down 11.6% over one year, with a market cap of about ₩127.5B.

What stands out

• Trailing revenue is about ₩2.24T with operating income of ₩78.4B and net income of ₩37.9B, a thin but positive profit base.
• Annual revenue has grown slowly, from ₩2.15T in 2023 to ₩2.20T in 2025, while operating income fell from ₩82.2B to ₩64.0B over the same period.
• The balance sheet shows cash of about ₩226B against borrowings of about ₩100B, with liabilities at 53.7% of equity and trailing free cash flow of about ₩107B.
• Valuation metrics are low, with P/E of 3.4 and P/B of 0.3, and a 2.7% dividend yield, while the company's DCF-based fair value estimate varies widely across scenarios.
• Recent filings include a CEO change in July 2026 and a report on a serious industrial accident at a subsidiary in August 2026. Foreign ownership is small at 1.3%.

What to watch

• The half-year report and its effect on margins, given that operating income has declined in recent years.
• Details and any financial impact of the serious industrial accident at a subsidiary, which the filing names as a major management matter.
• Follow-up on the April 2026 amended merger decision and the new leadership following the CEO change; the data does not include details of either.