KBI MetalKBI메탈

KBI Metal's shares have swung sharply over the past year, while H1 2026 trailing profit is thin at a 2.0% net margin.

KBI Metal makes electrical components, copper rod and cables, and its trailing results to H1 2026 show revenue of about ₩863B with an operating margin of 5.7% and a net margin of 2%. Trailing free cash flow is negative at about -₩60B, and borrowings of ₩38.5B sit against cash of ₩39.9B, with liabilities at 147.5% of equity. The share price closed at ₩4,220 on 2026-10-27, down 33.5% over one month but up 123.4% over one year.

What stands out

• Trailing operating income of ₩49.6B is well above the 2025 full-year figure of ₩24.3B, and 2025 net income was roughly break-even at -₩0.04B.
• Annual revenue rose from ₩685B in 2023 to ₩759B in 2025, but operating margins have stayed low, at 3.2% in 2025.
• Valuation is about 10.9 times trailing earnings and 1.1 times book, with no dividend, according to the data provided.
• The company's own DCF-based fair value model gives a base case of ₩3,027, below the current price; the data includes no analyst ratings or price targets.
• Recent filings include an exercise of conversion rights, an amended half-year report and several 5%+ holding reports, and foreign ownership rose from 1.3% to 4.9% over about 60 days.

What to watch

• The amended half-year report and the conversion-rights exercises could affect share count and the financial picture; the data does not give details of the amendment.
• Negative trailing free cash flow and high leverage are risks to monitor in the next filings.
• The data contains no news headlines, so the reasons behind the recent price swings are not explained here.