Leeku Industrial이구산업

Leeku Industrial's trailing earnings have held up better than its share price, which has fallen sharply over the past year.

Leeku Industrial is a copper and brass materials maker that sells mainly into automotive parts, including connectors and battery terminals for EV battery supply chains. Trailing twelve-month revenue to H1 2026 was about ₩595B with operating income near ₩54B, well above full-year 2025, though free cash flow was negative at about ₩-28B and borrowings are large at about ₩167B. The share price closed at ₩3,725 on 2026-10-23, down 24.1% over one year and near the lower end of its 52-week range.

What stands out

• Trailing operating margin is 9.1% versus 4.8% for full-year 2025, and trailing net income is about ₩14B, versus ₩10.9B in 2025.
• Annual revenue has fallen from a 2021 level of about ₩334B to about ₩508B in 2025 after growth, but earnings have been volatile, with 2023 net income of only about ₩0.7B.
• Liabilities are about 176% of equity and borrowings are about ₩167B against cash of about ₩1.7B, so debt is a notable feature of the balance sheet.
• The data show a dividend yield of 2.4%, a P/E of 8.9 and a P/B of 0.8 on trailing figures, while the DCF base value in the data is ₩13,210, far above the current price.
• Recent filings include the H1 2026 half-year report, later amended on 2026-09-30, and a decision on increasing short-term borrowings in May 2026. No news headlines were included in the data.

What to watch

• The next quarterly or half-year results, and whether operating margin holds near its trailing level given the negative free cash flow.
• Any further filings on short-term borrowings or refinancing, given the size of debt relative to cash.
• Foreign ownership rose from 3.5% to 4.2% over 60 days while 20-day foreign flows were net negative, so changes in institutional holdings are worth tracking.