SCD에스씨디

SCD is a small appliance-parts maker whose profits have shrunk sharply, while its shares have fallen about 25% over the past year.

SCD makes electronic components for household appliances, mainly refrigerator and air conditioner parts sold to appliance makers. Over the last twelve months to the first half of 2026 it generated about ₩203B in revenue but only about ₩2.2B in net income, a margin of roughly 1.1%. The shares closed at ₩1,001 on 16 October 2026, near the bottom of their 52-week range of ₩973 to ₩1,672.

What stands out

• Trailing revenue is about ₩203B, but operating margin fell from 4.4% in 2024 to 1.2% on a trailing basis, and net income dropped from about ₩8.4B in 2024 to about ₩2.2B.
• The balance sheet looks conservative: cash is about ₩68.9B, no borrowings are reported, and liabilities are 26.7% of equity.
• The fair value model in the data gives a base of ₩1,982, a bear case of ₩1,028 and a bull case of ₩3,734; these are model outputs, not forecasts, and the current price sits near the bear case.
• Trailing P/E is about 22x and P/B about 0.4x, and a 5% dividend yield is listed, but the data does not say whether the dividend is sustainable given the thin margins.
• Foreign ownership eased slightly to 54.7% from 55.4% over 60 days, while retail investors were net sellers over the past 20 trading days.

What to watch

• The Q3 2026 quarterly report and the full-year 2026 results, to see whether margins recover from the current low level.
• The follow-up to the April 2026 corporate value-up plan, which the data does not describe in detail.
• The data contains no recent news headlines and does not name customer concentration or specific risks, so these are not assessed here.