Abco Electronics아비코전자

Abco Electronics has swung back to profit on a trailing basis, but its shares have fallen sharply over the past year.

Abco Electronics makes inductors, resistors and printed circuit boards for smartphone, appliance, semiconductor and automotive customers. On a trailing twelve-month basis to H1 2026 it reports revenue of ₩141.4B and net income of ₩12.3B, after losses in 2023 and 2024. The shares closed at ₩6,170 on 2026-10-23, down 26% over one year and 17% over one month.

What stands out

• Trailing revenue is ₩141.4B with an operating margin of 7.4% and a net margin of 8.7%, compared with a 2025 operating margin of 6.2%.
• Net income in the trailing period (₩12.3B) is above operating income (₩10.5B), which the data does not explain.
• The company reports cash of ₩32.4B against borrowings of ₩6.9B, and trailing free cash flow of ₩2.2B.
• The fair value model gives a base value of ₩4,053 per share, below the current price, with a bear case of ₩2,601 and a bull case of ₩6,514; these are model outputs, not forecasts.
• Foreign ownership eased from 20.5% to 20% over 60 days, while the 20-day flow data shows retail buying and foreign and institutional selling.

What to watch

• The loan provision decision disclosed on 2026-08-25 — the data does not say what the amount or impact is.
• The next quarterly or annual results, to see whether margins hold after the 2024 losses.
• The pace of the share price decline, which the data does not explain; no recent news headlines are included in the data.