Galaxia SM갤럭시아에스엠

Galaxia SM remains profitable with low debt, but its shares have fallen sharply over the past year and trade near the bottom of their 52-week range.

Galaxia SM distributes Technogym fitness equipment in Korea and runs an apartment-focused marketing agency. For the twelve months to H1 2026 it reported revenue of ₩42.3B... written as ₩42.3B is wrong scale, so the business generated about ₩42.3B in revenue, ₩4.4B in operating income and ₩3.7B in net income, with ₩6.3B in cash against ₩0.2B in borrowings. The share price closed at ₩1,225 on 2026-10-23, down 38.3% over one year.

What stands out

• Revenue for 2025 rose 24.2% to about ₩40.3B, but 2024 had fallen 1.4%, so growth has been uneven.
• Operating margin on a trailing basis is 10.3%, below the 13.9% seen in 2022 and 2023.
• Trailing P/E of about 9 and P/B of 0.6 sit near or below the listed peers in the data, which is a description of the numbers, not a view on value.
• The DCF-based fair value model gives a base of ₩2,568 with a bear case of ₩1,589, both above the current price; the model's assumptions are not explained in the data.
• Foreign ownership edged up to 5.3% from 5.0% over 60 days, while foreign investors were net sellers over the last 20 days.

What to watch

• The next quarterly results, since trailing figures are only to H1 2026 and the data does not list a release date.
• Continued filings on changes in the largest shareholder's holdings, which appeared frequently in July and August 2026.
• Whether margins hold above 10%, as operating income fell from ₩4.6B in 2023 to ₩4.0B in 2025 and the data shows no dividend yield.