TOVISCo토비스

TOVISCo's half-year 2026 profits are solid on a trailing basis, but 2026 revenue and margins are trending below 2024's peak.

TOVISCo makes industrial monitors for casino gaming and public displays, plus automotive display modules. On a trailing twelve-month basis to H1 2026 it reports revenue of ₩678B, operating income of ₩58B and net income of ₩53B, with a 7.8% net margin. The shares closed at ₩11,070 on 2026-10-14, about 18% below the 52-week high of ₩13,500, and the data includes a DCF base value of ₩118,299 per share.

What stands out

• Revenue has grown strongly since 2021, from ₩263B to ₩640B in 2025, though growth slowed to 2.7% in 2025 after 39.4% in 2024.
• Operating margin peaked at 9.4% in 2024 and was 8.9% in 2025, and the trailing figure is 8.6%.
• Net income fell from ₩57.7B in 2024 to ₩43.1B in 2025, while trailing net income to H1 2026 is ₩53.1B.
• Balance sheet: borrowings of ₩121B against cash of ₩59B, and liabilities at 82.9% of equity. Trailing free cash flow is ₩40.7B.
• Valuation metrics are low (P/E 2.0, P/B 0.3) and dividend yield is 3.2%, but the data does not explain why the market values the company this way.

What to watch

• The next full-year and quarterly results, to see whether margins hold near 8–9% after the 2024 peak.
• Recent filings include a share buyback, a share cancellation decision (amended 2026-08-20) and a 5%+ holding report on 2026-10-12; the data does not give the reasons or sizes in detail.
• The data shows no recent news headlines and no foreign ownership or short-selling figures, so sentiment and investor flows cannot be assessed from this pack.