DCM디씨엠

DCM's profit has shrunk sharply from 2021-2024 levels, though the shares trade at a low book value and the balance sheet looks lightly indebted.

DCM makes laminated color-coated steel sheets and industrial films, mostly sold overseas for appliance casings and building materials. Trailing twelve-month revenue is ₩203B with operating income of ₩6.7B (3.3% margin) and net income of ₩13.4B as of H1 2026, well below 2021 levels. The stock closed at ₩11,690 on 2026-10-28, with a market cap of about ₩133B, and sits in the lower part of its 52-week range.

What stands out

• Revenue fell 5.8% in 2025 to ₩227B, and operating margin dropped from 13.9% in 2021 to 4.2% in 2025, with a 3.3% margin on a trailing basis to H1 2026.
• Net income of ₩13.4B on a trailing basis is well above operating income, a gap the filings data does not explain.
• The 7% dividend yield and 0.5x price-to-book stand out, but the data gives no detail on dividend policy or sustainability.
• Liabilities are 12.2% of equity and cash of ₩63B exceeds borrowings of ₩5B, while trailing free cash flow is ₩8.7B.
• Recent filings include a buyback trust contract signed in October 2026 after an earlier trust termination in June, and an amended half-year report. The news headline list is empty, so there is no press coverage in the data.
• Foreign ownership is 5.2%, down slightly over 60 days, and 20-day flows show net retail and foreign selling against net institutional buying.

What to watch

• Next quarterly and full-year results, and whether operating margin recovers from the low 3% range.
• Details of the buyback trust contract and any further share-related filings, which the data does not describe in full.
• Own-share and dividend decisions, since the 7% yield depends on payouts the data does not confirm for the future.