Daea TI대아티아이

Daea TI's shares have fallen sharply over the past year, while trailing profit is thin and free cash flow is negative.

Daea TI, a KOSDAQ-listed electrical equipment company, reported trailing twelve-month revenue of ₩134B and operating income of ₩5.1B through H1 2026. Its net income of ₩14.3B is well above operating income, and its free cash flow is negative at -₩27B. The share price closed at ₩2,820 on 2026-10-13, down 38.5% over one year.

What stands out

• Full-year 2025 revenue was ₩153B, up 2.7%, but operating income fell to ₩7.6B from ₩7.9B in 2024, and operating margin slipped to 4.9%.
• Trailing net income of ₩14.3B is about 2.8 times operating income, so the bottom line relies on items beyond core operations; the data does not explain what they are.
• The DCF-based fair value model gives a base of ₩2,881, a bear case of ₩1,768 and a bull case of ₩4,750; these are model outputs, not forecasts or ratings.
• Valuation shows P/E of 13.9 and P/B of 1.3, with no dividend, against peers that trade at much higher P/E and P/B multiples.
• Recent filings are mostly amendments to major sales or supply contracts, plus a change of CEO on 2026-09-09 and a half-year report on 2026-08-14.

What to watch

• Whether the amended supply contracts lead to clearer revenue and margin gains, and what the contract details are; the filing titles alone do not give terms.
• Free cash flow, which is negative in the trailing data, and whether the ₩51.6B cash balance against ₩18.5B of borrowings holds up.
• Effects of the CEO change, since the data does not include the reason or any strategy statement; company profile and news coverage were not provided.