Moatech모아텍

Moatech still makes operating losses on roughly ₩35B of trailing revenue, though its balance sheet looks light and the shares have fallen sharply over the past year.

Moatech designs stepping motors and actuators, mostly for automotive use, and reported trailing twelve-month revenue of about ₩35.4B to Q1 2026 with an operating loss of about ₩2.9B. Revenue has been broadly flat to modestly up over 2021 to 2025, but the company has posted losses in most years, and the 2024 net profit was a one-off exception. The share price is ₩2,415, down 22.7% over one year and well below its 52-week high of ₩5,300.

What stands out

• Trailing operating margin is -8.1% and net margin is -2.6%, so losses have narrowed at the net level compared with 2025's full-year net loss of about ₩2.0B.
• Liabilities are 14.9% of equity and the data shows no borrowings, with cash of about ₩15.1B against an enterprise value of about ₩7.2B.
• Price-to-book is about 0.3 and price-to-sales about 0.6, while P/E is not meaningful because earnings are negative.
• The internal DCF estimate in the data is ₩1,379 per share (bear ₩687, bull ₩2,710), which is well below the current price in the base case; this is a model output, not a forecast.
• Foreign ownership is high at 79.8%, and 20-day net flows show foreign selling of about ₩15.7M while retail was a net buyer of about ₩17.0M.

What to watch

• The next quarterly report (Q3 2026) and whether operating losses continue to narrow from the trailing figures.
• The 2026 change in revenue or profit/loss structure filing from May and the share cancellation and trading halt filings from April, whose details are not in the data.
• No recent news headlines were provided, so the data does not show any recent press coverage or outlook from the company.