Wonpoong원풍

Wonpoong trades near book value with a sizeable trailing profit, though revenue has been flat and the stock sits mid-range over the past year.

Wonpoong is a small KOSDAQ maker of industrial materials such as advertising fabrics, tarpaulins, roofing sheets and outdoor products, selling into more than 60 countries. For the twelve months to H1 2026 it reported revenue of about ₩86.5B, operating income of about ₩7.0B and net income of about ₩9.4B, with cash of ₩7.8B against borrowings of ₩1.9B. At ₩5,260 the shares show a P/E of 6.7, P/B of 0.7 and a dividend yield of 8.6% in the data.

What stands out

• Trailing net income (₩9.4B) is well above operating income (₩7.0B), so non-operating items may have contributed; the data does not break this down.
• 2025 revenue rose 10.1% to ₩87.6B, but revenue has changed little over the longer run, with 2022 at ₩89.5B.
• Operating margin improved to 8.1% on a trailing basis from 7.5% in 2025 and 5.7% in 2024.
• Recent filings include a share buyback decision, interim dividend steps and a corporate value-up plan, all from 2026.
• The DCF-based fair value model gives a base of ₩9,475, with a bear case of ₩6,783 and a bull case of ₩14,221; these are model outputs, not forecasts.
• Foreign ownership is small at 1.4%, and the 20-day flows show retail net selling of about ₩462M.

What to watch

• Whether the announced share buyback is carried out and how much is executed.
• Full-year 2026 results and the next quarterly report, to see if margins hold above 8%.
• The interim dividend record and payment steps, since the yield depends on continued payouts; the data does not show dividend history beyond the filing titles.