Byuksan벽산

Byuksan's trailing profit is thin and its shares have fallen about 28% over the past year, though the company still reports a profit and pays a dividend.

Byuksan, a Seoul-listed building materials and home appliance group, reported trailing twelve-month revenue of ₩622B and net income of ₩14B to H1 2026, with a 4.5% operating margin. The share price closed at ₩1,308 on 27 October 2026, near its 52-week low of ₩1,296 and well below its 52-week high of ₩2,275. Revenue fell 5% in 2025 after growth in prior years, and the data does not include news coverage or analyst views.

What stands out

• Trailing revenue is about ₩622B with operating income of ₩28B and net income of ₩14B, against a 2025 net income of ₩23B that was higher than 2025 operating income, so the bottom line in the data is not driven by operations alone.
• Leverage is meaningful: liabilities are 79% of equity and borrowings of ₩187B exceed cash of ₩81B.
• Valuation metrics are low: P/E about 6, P/B about 0.3, dividend yield 2.3%, and the data lists a DCF base fair value of ₩3,166, well above the current price, though this is a model output and not a forecast.
• Foreign ownership rose from 2.6% to 3.2% over about 60 days, while the 20-day flows show foreign and retail buying and institutional selling.
• Recent filings include a 5%+ holding report on 20 October 2026, a half-year report for June 2026 and preliminary earnings on 30 July 2026.

What to watch

• Next periodic results and any update on whether the H1 2026 margin and profit trend holds.
• Further 5%+ holding reports, given the recent filing and the rise in foreign ownership.
• Debt levels and refinancing, since borrowings exceed cash and the data flags leverage as elevated.