Moorim Paper무림페이퍼

Moorim Paper remains loss-making over the last twelve months, with heavy debt and a share price down sharply over the past year.

Moorim Paper makes printing paper such as white-back and art paper, with other segments in pulp, financial services, overseas paper trading, and energy and leisure. On trailing twelve-month figures to H1 2026 it posted revenue of about ₩1.3T, a thin 1.5% operating margin and a net loss of about ₩64B. The share price closed at ₩1,383, roughly half its 52-week high of ₩2,685, and the company's filings show a value-up plan published on 2026-10-22.

What stands out

• Trailing revenue is about ₩1.29T, but net income is negative at about -₩64B, against a 2024 net profit of about ₩41B.
• Operating margin has compressed to about 1.5% on a trailing basis, down from 6.5% in 2024 and 6.9% in 2022.
• Borrowings of about ₩1.63T compare with cash of about ₩394B, and liabilities are about 333% of equity.
• The stock trades at about 0.2 times book value with a stated dividend yield of 9%; the data does not include a fair value estimate or analyst targets.
• Recent filings include several amended fine notices (June, July and August 2026), while the news headlines are mostly about a paper airplane contest and do not cover business performance.

What to watch

• The next quarterly and annual reports, to see whether operating income recovers from the trailing level of about ₩19B.
• Details of the corporate value-up plan filed on 2026-10-22, which the data does not describe.
• Debt levels and refinancing, given borrowings well above cash and negative trailing net income.