InveniINVENI

Inveni trades near book value with a high dividend yield, but recent profit and cash flow are mixed and the shares are down over the past month.

Inveni is a Korean investment holding company that owns a majority stake in Yesco, a regional city gas and equipment business, and reports assets under management of ₩837B. On trailing twelve-month figures to H1 2026 it booked revenue of ₩1.31T and net income of ₩82B, but free cash flow was negative at about -₩55B. The shares closed at ₩14,000, roughly 4.5% lower over one month and 11.6% higher over one year.

What stands out

• Trailing revenue is about ₩1.31T with an operating margin of 9.7% and net margin of 6.2%, a clear improvement on 2024 when operating margin was 2.1%.
• FY2025 revenue grew 14.4% to ₩1.33T and net income rose to ₩87B, but trailing free cash flow is negative at about -₩55B.
• Valuation metrics are low: P/E around 4.5, P/B 0.5 and a stated dividend yield of 7.7%, though the data does not give dividend history or payout details.
• Liabilities are about 103% of equity and borrowings are ₩4.5B against cash of ₩30.9B; the data does not give a debt maturity profile.
• Foreign ownership fell from 5.2% to 5.0% over 60 days, and 20-day flows show foreign and institutional net selling with retail net buying.
• Recent filings are mostly largest-shareholder and 5%+ holding reports; no news headlines were included in the data.

What to watch

• The next periodic results and whether operating income and free cash flow stay positive.
• Further largest-shareholder or holding filings, which have been frequent in recent weeks.
• The DCF fair value range is wide (₩7,083 bear to ₩49,933 bull), so the outcome depends heavily on assumptions the data does not fully explain.