KZ PrecisionKZ정밀

KZ Precision's trailing profits are solid on paper, but the shares have fallen about 26% over the past year and sales are roughly flat.

KZ Precision makes industrial pumps, valves and castings for process plants such as petrochemical facilities, with a plant in Ansan and sales in Korea and about 10 overseas countries. On trailing figures to H1 2026 it reports revenue of about ₩113.9B, operating income of ₩13.1B and net income of ₩18.0B, with low borrowings and a 0.4 price-to-book ratio. The share price of ₩11,210 sits near its 52-week low of ₩11,110.

What stands out

• Trailing revenue of ₩113.9B is close to the 2024 level of ₩112.7B, while 2023 revenue was much higher at ₩138.7B.
• Net income of ₩18.0B is well above operating income of ₩13.1B, which the filings do not explain in this data.
• Operating margin has eased from 15.0% in 2023 to 9.2% in 2025, before a trailing 11.5%.
• Return on equity is low at 3.6% trailing, and the dividend yield of 7.1% is shown in the data alongside a 9.8 P/E.
• The internal fair value model gives a base value of ₩13,970, above the current price, but the data says the model is a DCF estimate and it is not a forecast or a recommendation.
• Foreign ownership fell from 4.6% to 3.9% over about 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• Full-year 2026 results and the next half-year or quarterly filings, to see whether margins and profit hold up.
• The change of largest shareholder amendment filed on 30 September 2026 and the 5%+ holding reports, which may signal ownership shifts.
• Whether the share price can hold above its 52-week low of ₩11,110, given a 26.2% one-year decline.