Daelim Trading대림통상

Daelim Trading remains loss-making on a trailing basis, with its share price down about a third over the past year.

Filed results for the twelve months to H1 2026 show revenue of about ₩135.2B, an operating loss of about ₩8.3B and a net loss of about ₩13.2B. Borrowings of about ₩84.2B are large relative to cash of about ₩2.6B, and liabilities are about 3.5 times equity. The shares closed at ₩1,816 on 2026-10-20, near the lower half of their 52-week range of ₩1,612 to ₩3,100.

What stands out

• Revenue has fallen from ₩174.1B in 2022 to ₩126.2B in 2025, and the company has reported operating losses in each year since 2023.
• Trailing free cash flow is negative at about -₩0.8B, and leverage (liabilities to equity of 354.6%) is high.
• The price-to-book ratio is about 0.8, but earnings-based valuation ratios are not meaningful because the company is loss-making.
• Recent filings include several debt guarantee and debt assumption decisions, plus a change in the largest shareholder's holdings on 2026-10-16.
• The only news headline in the data is about expanding to 44 nationwide after-sales service locations, which does not address the losses.
• Foreign ownership is 1.5% and unchanged over 60 days; the 20-day investor flow data shows a net retail inflow and a small foreign outflow.

What to watch

• Upcoming full-year results and whether losses narrow from the trailing figures.
• Further filings on debt guarantees, debt assumptions or share sales, given borrowings of about ₩84.2B against limited cash.
• Changes to the largest shareholder's stake, which were filed on 2026-10-16.