Bubang부방

Bubang is a low-margin business with a small trailing profit, negative free cash flow and a share price down about a third over the past year.

Trailing revenue to H1 2026 is about ₩313.7B, but operating income is only ₩1.1B and net income about ₩29M, so margins are close to zero. The company reports ₩17.5B in cash against ₩8.0B of borrowings, yet free cash flow over the same period is negative at about ₩21.0B. The data describes the business as home appliances, retail and services, which does not match the Bubang name or the Real estate sector label, so the business description should be checked against the filings.

What stands out

• Profitability is thin: the trailing operating margin is 0.4% and the net margin is about 0%, with ROE near 0%, down from 7.1% in 2024.
• Annual net income swung from a ₩26.0B loss in 2023 to ₩11.5B profit in 2024 and ₩2.3B in 2025, so earnings have been volatile.
• Revenue has been broadly flat, falling 5% in 2025 after 1.6% growth in 2024, at roughly ₩320B to ₩340B a year.
• The stock closed at ₩990, about 34% below its 52-week high of ₩1,511, and the trailing P/E is about 1,858x because earnings are so small.
• A DCF model gives a base value of ₩547 per share, below the current price, with a bear value of ₩0 and a bull value of ₩2,727; these are model outputs, not forecasts.
• Foreign ownership eased from 1.5% to 1.3% over 60 days, while foreign investors were net sellers and retail investors were net buyers over the last 20 days.

What to watch

• Recent filings include two decisions to provide collateral for third parties (August and October 2026), so the size and terms of those guarantees matter for the balance sheet.
• A share cancellation decision was filed on 2026-09-02, and two amended annual reports for Dec 2024 and Dec 2025 were filed on 2026-08-14; the reasons for the amendments are not in the data.
• No recent news headlines are in the data, and no upcoming results date is given, so the next filed financial statements are the main near-term checkpoint.