DAE Dong Steel대동스틸

DAE Dong Steel is back to a thin profit on trailing numbers, but its shares have fallen sharply over the past year.

DAE Dong Steel is a Korean steel coil service center serving automotive, shipbuilding, construction and machinery customers. Trailing twelve-month revenue to H1 2026 was ₩123.6B with a small operating profit of ₩1.1B and net income of ₩3.0B, after operating losses in 2022 to 2025. The share price closed at ₩2,485 on 2026-10-23, down 24.4% over one year and well below its 52-week high of ₩4,520.

What stands out

• Trailing operating margin is 0.9% and net margin is 2.4%, compared with operating losses in each year from 2022 to 2025.
• 2025 revenue fell 14.7% to ₩119.2B, and 2025 operating income was negative at about ₩-1.2B.
• Valuation shows a P/E of 8 and P/B of 0.3, with cash of ₩9.2B against borrowings of ₩0.6B in the latest data.
• Trailing free cash flow is ₩1.2B and the dividend yield is 1.2%.
• Foreign ownership edged up to 3% from 2.8% over 60 days, while foreign investors were net sellers over the last 20 days. The filings list shows changes to the largest shareholder and several holding reports, but the data does not explain them. No news headlines were included.

What to watch

• The next half-year or annual results, to see whether the small H1 2026 profit holds up.
• The amended largest-shareholder change filing from 2026-09-18 and any follow-up disclosures on ownership.
• Whether revenue keeps falling after the 14.7% drop in 2025; the data includes no fair value model or forecasts.