KG DongbusteelKG스틸

KG Dongbusteel's trailing profits are positive but thin, and the shares trade near the bottom of their 52-week range.

KG Dongbusteel, a Korean steel maker, reported trailing twelve-month revenue of about ₩3.28T and net income of about ₩186B to H1 2026, with operating margin of 3.5%. Revenue fell in 2024 and 2025 and operating income has declined from its 2022-2023 peak. The shares closed at ₩5,080, about 36% below the 52-week high of ₩7,900, and the company has been expanding AI control of its annealing furnaces to cut energy costs.

What stands out

• Trailing operating margin is 3.5%, down from 8.9% in 2022 and 4.7% in 2025, so profitability has narrowed over several years.
• Net income in the trailing period (₩186B) exceeds operating income (₩113B), which suggests non-operating items contributed; the data does not explain their source.
• Borrowings of ₩824B against cash of ₩214B and a liabilities-to-equity ratio of 63.2% indicate meaningful debt.
• The price-to-book ratio is about 0.2 and the dividend yield is listed at 5.9%, but the data gives no dividend history or payout details.
• Foreign ownership rose from 5.8% to 7.2% over the past 60 days, while institutions and retail investors were net sellers over the last 20 days.

What to watch

• The next results release, to see whether operating margin stabilises after the decline from 2023 to H1 2026.
• The filing on changes in the largest shareholder's holdings and the insider shareholding reports, which were all dated 2026-10-23.
• The company's DCF fair-value range of ₩13,660 to ₩71,354 is wide and depends on model assumptions; the data does not describe the key drivers or risks in detail, and no company profile was provided.