Youngbo Chemical영보화학

Youngbo Chemical's trailing profits are strong relative to its ₩94.3B market value, but 2025 net income fell and no news was found.

Youngbo Chemical makes cross-linked polyolefin foam for car interiors (Hyundai and Kia) and industrial uses, with plants in Cheongju and Wuxi, China. For the twelve months to H1 2026 it reported revenue of ₩125.3B, operating income of ₩19.3B and net income of ₩18.3B, with little debt and cash of ₩9.5B. The share price is ₩4,715, near the middle of its 52-week range of ₩4,260 to ₩5,410.

What stands out

• Trailing operating margin is 15.4% and net margin is 14.6%, but 2025 net income of ₩16.8B was well below 2024's ₩22.6B.
• The shares trade at about 5.2 times earnings and 0.5 times book value, below the peer average on P/E for most listed tyre and plastics peers shown.
• The DCF model gives a base value of ₩10,208 per share, with a bear case of ₩6,173 and a bull case of ₩17,148; these are model outputs, not forecasts.
• Liabilities are 9.6% of equity and borrowings are not reported, while free cash flow is about ₩13.4B on a trailing basis.
• No dividend yield is shown, and the recent filings list includes a cash dividend decision dated January 2026 with no amount given in the data.
• Foreign ownership rose slightly to 52.7% over the last 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The Q3 2026 quarterly report, since the data lists only filings up to the half-year report of August 2026.
• Whether revenue growth continues: 2025 growth was just 2.2% after 30.2% in 2024.
• Customer concentration in Hyundai and Kia vehicle programmes, which the profile names but the data does not quantify.