Kumho Petro Chemical금호석유화학

Kumho Petrochemical's trailing profits have recovered from 2025 levels, but the share price is down over the past year and sits near its 52-week low.

Trailing twelve-month revenue to H1 2026 is about ₩7.3T with operating income of about ₩484B (6.7% margin), up from ₩272B in 2025. The stock closed at ₩106,800 on 2026-10-28, near its 52-week low of ₩102,400 and well below the high of ₩162,300, and it trades at about 5.3x earnings and 0.4x book.

What stands out

• Trailing operating margin is 6.7%, versus 3.9% for full-year 2025 and 14.4% in 2022, so profitability is recovering but well below the 2021 peak of 28.4%.
• Trailing net income of about ₩505B exceeds operating income, and trailing free cash flow is about ₩337B, while borrowings of ₩743B exceed cash of ₩653B.
• The company's DCF model gives a base value of ₩236,718 against the current price of ₩106,800, with bear and bull values of ₩145,189 and ₩395,129; this is a model output, not a forecast or target.
• Foreign ownership rose to 29.2% from 27.2% over about 60 days, while institutions were net sellers of about ₩21B over the past 20 trading days.
• Recent headlines focus on R&D and restructuring amid a petrochemical downturn; the filings list a largest-shareholder holdings change and treasury share trust termination and cancellation in September.

What to watch

• The full-year 2026 results, following the earnings advance notice filed on 2026-10-15, to see whether margins hold at the trailing level.
• Further largest-shareholder and insider holding changes filed on 2026-10-22, and any follow-up on treasury share cancellation.
• Debt levels: borrowings exceed cash, and the data does not include details on debt maturities or the petrochemical downturn's expected duration.