Taewoong태웅

Taewoong's shares have fallen sharply over the past year as profit margins remain very thin, though the company remains profitable on a trailing basis.

Taewoong is a Korean forging and steelmaking company whose largest product line is forgings for wind power equipment. Trailing results to the first half of 2026 show revenue of about ₩370.7B, operating income of ₩5.3B and net income of ₩7.4B, so margins are around 1.4% operating and 2% net. The share price is ₩25,300, well below its 52-week high of ₩61,300, and the company pays no dividend.

What stands out

• Revenue fell 9.5% in 2025 to ₩349.7B, after strong growth in 2022 and 2023 and a decline in 2024.
• Operating margin dropped from 8.9% in 2023 to 1.4% in 2025 and the trailing figure is also 1.4%, so profitability is thin.
• Trailing return on equity is 1.2% and the company holds ₩27.3B in cash against ₩73B in borrowings.
• Trailing free cash flow is ₩30.4B, which is positive, but the trailing P/E of 68.4 is high relative to the low earnings.
• The filings list show a 5%+ holding report and insider shareholding reports in September 2026, but the data does not explain their purpose or content.
• Foreign ownership rose slightly to 4.9% from 4.5% over 60 days, while retail and institutional investors were net sellers over the last 20 days.

What to watch

• The next quarterly or half-year results, to see whether margins recover from the current low level.
• The content of the recent 5%+ holding and insider shareholding filings, which the data does not describe in detail.
• Wind power demand and the company's ability to keep its order book steady, since wind is its largest product category; the data does not include news on this.