Wonik Cube원익큐브

Wonik Cube's revenue is roughly flat and its margins are thin, with the share price down sharply over the past year.

Wonik Cube, a KOSDAQ-listed chemicals, polymers and building materials distributor with silicone and digital printing businesses, reported trailing twelve-month revenue of ₩282.7B and operating income of ₩8.8B to H1 2026. Profitability has fallen from 2021 levels, and the share price is ₩1,126, down 24.3% over one year. The data shows free cash flow of -₩6.5B and borrowings of ₩21.7B against cash of ₩17.8B.

What stands out

• Operating margin was 3.1% on a trailing basis, down from 5.4% in 2021 and 1.2% in 2025.
• Revenue has been broadly flat, with 2025 down 0.7% to ₩284.8B, after a 17.4% rise in 2024.
• Valuation metrics are low, with a P/E of 6.1 and P/B of 0.3, but the DCF base fair value of ₩1,364 is only a model output, not a forecast.
• Free cash flow is negative at -₩6.5B on a trailing basis, and liabilities are 41% of equity.
• Recent filings are mainly insider shareholding reports and shareholder meeting notices; the data contains no news headlines.

What to watch

• The next filing of results and any change to the operating margin trend, which has been thin.
• The shareholder meeting and record date notices from October 2026, including any agenda items the filings describe.
• Negative free cash flow and borrowings above cash, which the data flags as balance sheet risks.