DY디와이

DY's shares fell 11% over the past month to ₩3,700, with thin margins and a heavy debt load against a net profit that dropped in 2025 and recovered in the trailing period.

DY is a Korean holding company whose income mostly comes from dividends paid by subsidiaries making automotive electronics, hydraulic equipment and industrial machines, with exports including the United States. On trailing twelve months to H1 2026 it reported revenue of about ₩1.32T, operating income of ₩49B and net income of ₩23B, with liabilities at 76.4% of equity and free cash flow slightly negative. The share price is near the lower part of its 52-week range (₩3,615 to ₩5,640).

What stands out

• Trailing operating margin is 3.7% and net margin is 1.7%, with ROE at 5.6%.
• Net income was ₩14B in 2025, down from ₩22B in 2024, though the trailing figure to H1 2026 is higher at ₩23B.
• Borrowings of ₩203B exceed cash of ₩136B on the trailing figures.
• Shares trade at a P/E of 4.3 and P/B of 0.2, with a 4.6% dividend yield, and the DCF base fair value in the data is ₩10,550.
• Recent filings include a half-year report, a merger completion report, a subsidiary withdrawal from the holding company and a change of representative director, and the data shows no recent news headlines.

What to watch

• The next filings and results after the half-year report, including any further changes to the largest shareholder's holdings.
• Debt levels relative to cash, given the trailing negative free cash flow.
• Whether the company's operating units keep export demand and margins steady, since the data does not include forecasts.