Dongshin Engineering & Construction동신건설

Dongshin Engineering & Construction is loss-making on a trailing basis and its shares have fallen sharply over the past year.

The company is a Korean general contractor with operations centered in the Gyeongbuk region, and it has won new public-sector contracts recently. Trailing results to H1 2026 show revenue of about ₩34.1B, an operating loss of about ₩2.4B and a net loss of about ₩1.3B, following a profitable 2024 and 2023. The share price is ₩9,030, down 41.9% over one year, and market capitalisation is about ₩75.9B.

What stands out

• Trailing revenue is ₩34.1B against ₩82.7B in 2023 and ₩33.4B in 2025, and the operating margin is -6.9%.
• 2025 showed a net profit of ₩147M despite an operating loss of ₩2.2B, so non-operating items affected the bottom line.
• Free cash flow is negative at about -₩2.6B, although cash of ₩19.8B is well above borrowings of ₩0.6B.
• The data gives a DCF fair value range of ₩2,934 to ₩4,165 (base ₩3,299), which is well below the current price; this is a model output, not a forecast.
• Foreign ownership fell from 1.2% to 0.7% over 60 days, and the 20-day flows show retail buying while foreign investors sold.

What to watch

• Amended and new major sales or supply contract filings, which have been frequent since July 2026.
• Full-year 2026 results and whether the operating loss narrows from the trailing level.
• The pending earnings outlook is not in the data; the amended annual and quarterly filings may also change reported figures.