Natureand Environment자연과환경

Natureand Environment is loss-making with shrinking revenue, a heavy debt load and a share price down over 50% in the past year.

On trailing twelve-month figures to H1 2026, the company reported revenue of about ₩30.9B, an operating loss of ₩3.9B and a net loss of ₩5.1B, with free cash flow of about -₩9.1B. Borrowings of ₩34.1B are well above cash of ₩6.3B. The shares closed at ₩2,970 on 2026-10-23, with a market capitalisation of about ₩33.7B.

What stands out

• Revenue has fallen from ₩73.9B in 2022 to ₩37.3B in 2025, and the trailing figure is lower again at ₩30.9B.
• Operating losses have occurred in four of the last five years shown, with 2023 the only profitable year in the data.
• Liabilities are 56.2% of equity, and borrowings far exceed cash on hand.
• The stock is down 54.3% over one year and trades at about 0.4 times book value, with no dividend and no earnings-based valuation available because earnings are negative.
• Filings in September and October 2026 include a merger decision with an amendment, a major sales or supply contract, and several 5%+ holding and insider shareholding reports. The data does not explain the merger's terms or purpose.
• Foreign ownership fell from 1.8% to 1.2% over about 60 days, and retail investors were net sellers over the past 20 days.

What to watch

• The merger decision and its amended attachment: the data does not give the terms, counterparty or timing, so check the filings directly.
• Next periodic results and whether losses narrow, given the operating and net losses and negative free cash flow.
• Debt repayment capacity and any further filings on financing, as borrowings are about five times cash.