Dongil Technology동일기연

Dongil Technology posted a large trailing profit on a small operating result, and its share price is up sharply over three months but down over one year.

Trailing revenue to H1 2026 is about ₩23.1B with operating income of only ₩0.6B, so the reported net income of ₩10.5B is far above what core operations generated. The company has no borrowings listed, cash of ₩7.6B, and a low liabilities-to-equity ratio of 6.7%. The shares closed at ₩2,645 on 2026-10-23, below the model's base fair value of ₩2,347 only in the sense that the price sits above it; the shares trade above the base DCF estimate.

What stands out

• Revenue fell 10.6% in 2025 and operating income was slightly negative at -₩0.06B, continuing a pattern of thin operating margins between about 0% and 4% over the past five years.
• Trailing net income of ₩10.5B is well above operating income, so the profit figure may be driven by non-operating items; the data does not explain the source.
• Free cash flow of about ₩3.1B on trailing figures is positive, and the company holds ₩7.6B in cash with no borrowings reported.
• Shares are up 34.8% over three months and 12.3% over one month, but down 13.3% over one year, and sit well above the 52-week low of ₩0.
• Filings in recent months include a half-year report, an amended annual report for 2025, shareholders' meeting notices and several insider shareholding reports; no news headlines were available.

What to watch

• The next half-year or annual results and whether operating income turns sustainably positive, since the trailing net profit is far above operating profit.
• The shareholders' meeting called in October 2026 and the record date notice, which may include dividend or governance items; the data does not give details.
• Foreign ownership is only 0.5% and foreign investors were net sellers over the last 20 days, while the reported dividend yield of 18.9% should be checked against the filings for sustainability.