T. K태광

T.K. (Taekwang) shows strong trailing profit and a low valuation, but its shares have fallen 8.5% over the past year and the data gives no outlook.

T.K. is a Korean maker of industrial piping parts such as elbows, tees and reducers for plant customers, with subsidiaries in property leasing and battery production equipment parts. For the trailing twelve months to H1 2026 it reported revenue of ₩328B, operating income of ₩40B and net income of ₩125B, with the net figure well above operating income. The share price closed at ₩25,950 on 2026-10-27, well below its 52-week high of ₩51,300 but up from its low of ₩19,420.

What stands out

• Net income of ₩125B on revenue of ₩328B is far above operating income of ₩40B, so the data does not explain what drove the gap; the filings in the pack do not break this down.
• Operating margin was 12.3% on a trailing basis, down from 18.5% in 2023 and 13.0% in 2025.
• The company reports net cash in the data: cash of ₩50B against borrowings of ₩6B, with liabilities at 11.7% of equity and free cash flow of ₩42B.
• The stock trades at a P/E of 5.3 and P/B of 0.9 with a 2.1% dividend yield, while the data's DCF base value is ₩35,498, above the current price.
• Foreign ownership fell from 22.8% to 16.4% over 60 days, and foreign investors net sold over the last 20 days while institutions net bought.

What to watch

• Upcoming results and any amendments: the June 2026 half-year report was amended on 2026-10-01 and the data does not show the next earnings date.
• Share cancellation decision (filed 2026-09-10) and the 5%+ holding reports, which may affect the share count and ownership.
• News on the sale of the T.K. Corporation tower and any shift toward new growth areas, which the data does not detail.