Daewon대원

Daewon's revenue and profit have fallen sharply, with the company loss-making on a trailing basis and its shares down over a third in a year.

Daewon, a Seoul-listed builder with a textile arm, is in a weak spell: trailing twelve-month revenue is about ₩107B, operating income is negative at roughly -₩9.3B, and borrowings of about ₩186B exceed its ₩78B cash. The share price is ₩2,910, near the lower end of its 52-week range, and the company is working through a merger decision and a share register closure.

What stands out

• Revenue fell from ₩436B in 2023 to ₩112B in 2025, and the trailing figure to H1 2026 is about ₩107B.
• Operating margin was -8.7% on a trailing basis after a -12.3% margin in 2025, following a small profit in 2024.
• Liabilities are 90.5% of equity and free cash flow is negative at about -₩78B on a trailing basis.
• Price-to-book is about 0.1 and the filings-based dividend yield shown is 6.9%, but the company has posted losses, so these figures should be read with caution.
• Foreign ownership fell from 0.9% to 0.7% over the past 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• The merger decision and the shareholder register closure date filed on 2026-10-16, including what they mean for existing holders; the data does not explain the terms.
• The next quarterly or half-year results, given the recent amended half-year report and continuing operating losses.
• Debt repayment capacity, since borrowings are well above cash and the data names no refinancing plan.