Komelon코메론

Komelon posts strong trailing profits on modest sales, but its shares have fallen 13.6% over the past month.

Komelon, a Korean maker of tape measures and hand saws with a steel strip unit, reported trailing twelve-month revenue of ₩77.6B and net income of ₩30.8B to H1 2026, with low debt and a 3.6% dividend yield. Revenue has been roughly flat to down over the last five years, while profit margins have stayed high. The shares trade near ₩19,360, below the ₩23,800 52-week high but well above the ₩10,180 low.

What stands out

• Trailing operating margin is 30.3% and net margin is 39.7%, though net income is above operating income, so non-operating items likely contributed; the data does not break this down.
• Revenue fell 2.3% in 2025 after a 4.8% rise in 2024, and operating income dropped from ₩19.9B in 2024 to ₩18.0B in 2025.
• Liabilities are 5.2% of equity and the data shows no borrowings, with cash of ₩26.2B.
• The company filed a value-up plan amendment, a share cancellation decision and a notice of a shareholders' meeting in October 2026, following a trust-based share buyback that was terminated in August.
• Valuation metrics are low: P/E about 5.0 and P/B about 0.6, against peers with P/E ranging from 12.8 to 69.3. The data's DCF base case is ₩46,026, with a bear case of ₩38,223 and a bull case of ₩58,904; these are model outputs, not forecasts.

What to watch

• Upcoming shareholders' meeting and the resolutions on the agenda, plus the record date for any dividend.
• Whether the value-up plan and share cancellation proceed as filed, and any further buyback activity.
• Full-year 2026 results, given the 2025 revenue decline and falling operating income; no news headlines are in the data to add context.