Korea Alcohol Industrial한국알콜

Korea Alcohol Industrial shows solid first-half 2026 profitability, but its share price has fallen over the past month.

The company makes ethanol-based solvents and chemicals at an Ulsan plant and has a small US real estate arm. Trailing twelve-month revenue is about ₩447B with operating income of about ₩43.8B (9.8% margin) as of H1 2026, up from a 7.5% margin in 2025. The share price closed at ₩14,180 on 2026-10-27, about 8% lower over one month but up 43.5% over one year.

What stands out

• Trailing operating margin of 9.8% is above the 2025 full-year level of 7.5%, and net income is about ₩39.5B on a trailing basis versus ₩30.6B in 2025.
• Revenue rose 0.7% in 2025 after declines in 2023 and 2024, so top-line growth has been modest.
• Valuation metrics are low: P/E of 7.4, P/B of 0.5 and a 0.8% dividend yield, while the DCF base case in the data is ₩21,869, above the current price, with a bear case of ₩14,528 and a bull case of ₩34,834.
• Balance sheet looks conservative: liabilities-to-equity of 18.1%, cash of about ₩53.5B against borrowings of about ₩35.4B.
• Foreign ownership rose from 22.1% to 27.3% over about 60 days, while retail and institutional investors were net sellers over the last 20 days.

What to watch

• A share buyback decision was filed on 2026-10-28; the terms and size are not in the data provided.
• Next full-year results and any change to the margin level seen in H1 2026 versus 2025.
• Recent insider shareholding and 5%+ holding reports, which may signal ownership changes; the data does not explain their purpose. The news feed contains no headlines for this period.