EGEG

EG remains loss-making on a trailing basis, with heavy borrowings and a share price that has fallen sharply over the past year.

EG makes high-grade iron oxide for ferrite cores used in electronics and EV parts, and also runs waste-recycling and power plant facilities. Trailing twelve-month revenue to H1 2026 was about ₩66.5B, but operating income was slightly negative at about -₩0.7B and net income about -₩1.8B. Borrowings of about ₩115.8B against cash of about ₩7.5B leave the balance sheet heavily leveraged.

What stands out

• Revenue has been broadly flat at roughly ₩61B to ₩70B across 2021 to H1 2026, after a much stronger 2021 when operating margin was 7.9%.
• Losses have persisted since 2022, with the 2023 operating margin at -23.2% being the weakest year in the data; 2025 narrowed to -3.5%.
• Free cash flow over the trailing period was about -₩7.0B, and liabilities are about 7.2 times equity.
• The share price closed at ₩3,800, down 39.2% over one year but up 27.3% over three months; it sits well above its 52-week low of ₩2,510 and below its high of ₩6,650.
• Foreign ownership eased from 3.0% to 2.8% over 60 days, and the 20-day investor flows show foreign net selling while retail was a net buyer.
• Recent filings include a major sales or supply contract dated 8 September 2026, though the data does not give its size or terms.

What to watch

• The next quarterly and annual filings, to see whether operating income turns positive and whether borrowings or cash change.
• Details of the September 2026 supply contract, which the data does not describe beyond its title.
• The company does not pay a dividend, and no fair value estimate or analyst rating is included in the data.