Solid쏠리드

Solid's trailing profits are healthy on paper, but the shares have fallen about 12% over three months and the filed revenue trend is weaker than in earlier years.

Solid is a Korean KOSDAQ-listed electronics company with trailing twelve-month revenue of about ₩316.7B and operating income of about ₩30.3B through H1 2026. Net income of about ₩54.5B is well above operating income, which the data does not explain. Revenue fell 10.9% in 2025, and the share price of ₩8,380 sits well below its 52-week high of ₩20,900.

What stands out

• Trailing operating margin is 9.6% against 11.3% for 2025, so profitability has eased from the prior year.
• Net income (₩54.5B) exceeds operating income (₩30.3B) in the trailing period; the filings data here does not say what drove the gap.
• Balance sheet shows cash of about ₩88.0B against borrowings of about ₩124.6B, and liabilities at 60% of equity.
• Trailing free cash flow is about ₩12.9B, a modest figure relative to the ₩509B market capitalisation.
• Foreign ownership fell from 18.9% to 14.4% over about 60 days, while the 20-day flows show foreign net selling of about ₩11.0B and retail net buying of about ₩9.2B.
• Valuation metrics are P/E 9.3, P/B 1.4 and dividend yield 0.6%; the fair value model gives a base of ₩7,530, bear ₩4,788 and bull ₩12,197, which are model outputs rather than forecasts.

What to watch

• Q3 2026 quarterly report, which is not yet in the data; the H1 2026 half-year report was filed on 2026-08-14.
• Whether foreign ownership continues to decline, given the recent net selling in the 20-day flow data.
• The trust-agreement acquisition status report filed in June 2026; the data does not describe its purpose or size.