SG&GSG&G

SG&G's trailing profit is inflated by a one-off style gain, while revenue is flat and free cash flow is negative.

SG&G is a small Korean auto parts and logistics company, with trailing twelve-month revenue of ₩49.0B and operating income of ₩5.2B to H1 2026. Its trailing net income of ₩95.3B is far above operating income, a gap the data does not explain, so the reported net margin of 194.4% should not be read as normal earnings. The share price has fallen about 22% over the past year and trades near its 52-week low.

What stands out

• Revenue was ₩47.7B in 2025, down 6%, after a 21.2% rise in 2024, and trailing revenue of ₩49.0B is broadly flat.
• Trailing operating margin is 10.6%, but net income of ₩95.3B is roughly 18 times operating income, which the provided data does not explain.
• Trailing free cash flow is negative at -₩16.2B, and borrowings of ₩57.9B exceed cash of ₩4.1B.
• The filings list a half-year report for June 2026 and a trading halt on 18 May 2026, but the data gives no detail on the halt's cause.
• Foreign ownership slipped from 2.9% to 2.8% over the last 60 days, and 20-day foreign net flows were negative.

What to watch

• The reason for the large gap between trailing operating income and net income, which the provided data does not give; check the half-year report.
• Whether free cash flow turns positive and whether borrowings are reduced relative to cash.
• The cause of the May 2026 trading halt and any further filings or news; the news feed currently has no headlines.