Dong SUH Companies동서

Dong Suh posted steady trailing results to H1 2026 with a shrinking share price gap, though recent news flow is thin.

Dong Suh Companies, a Seoul-listed group in food ingredients, packaging films, tea and coffee products, and export procurement, reported trailing revenue of about ₩538B and operating income of about ₩42B through H1 2026, with an operating margin of 7.8%. Its shares closed at ₩27,300 on 2026-10-26, sitting between the 52-week low of ₩22,350 and high of ₩30,950, and the stock is up 7.7% over one month but down 2.2% over one year.

What stands out

• Trailing net income of about ₩144B is far above operating income, which the filings do not explain in the data provided, so it should be read with care.
• Revenue in 2025 rose 9% to about ₩533B, but operating income fell from ₩44.5B in 2024 to ₩45.3B in 2025 with margin easing from 9.1% to 8.5%, so the year was roughly flat on profit.
• The balance sheet looks conservative: liabilities are 4% of equity, cash is about ₩32B against borrowings of about ₩1B, and trailing free cash flow is about ₩127B.
• Valuation is around 18.8x earnings, 1.6x book and a 4.2% dividend yield; the company's base-case DCF value in the data is ₩12,408, well below the current price.
• Recent filings are mostly shareholder and insider holding reports, plus a half-year report for June 2026 and a cash dividend decision in July; no news headlines were in the data.

What to watch

• Next full-year and quarterly results, to see whether operating margin recovers from the 2025 decline.
• Further largest-shareholder or insider holding changes, which have appeared frequently in recent filings.
• Foreign ownership is low at 3.8%, and the data does not include any analyst views or guidance, so there is no forward outlook to check against.