Sekonix세코닉스

Sekonix is loss-making on a trailing basis after a sharp revenue and profit slide, and its shares are down almost 46% over the past year.

Sekonix, a Korean maker of optical products such as automotive and mobile camera lenses, reported trailing twelve-month revenue of ₩400B to the half year of 2026 but an operating loss of ₩35.5B. Its balance sheet carries borrowings of ₩41.0B against cash of ₩24.4B, and free cash flow was negative ₩30.0B over the same period. The shares closed at ₩2,990, near the bottom of their 52-week range of ₩2,900 to ₩7,550.

What stands out

• Revenue fell from ₩502B in 2023 to ₩435B in 2025, and trailing revenue to H1 2026 is lower again at ₩400B.
• Operating income was positive in 2025 at ₩3.0B, but the trailing figure to H1 2026 is a loss of ₩35.5B, a margin of -8.9%.
• Liabilities are 171.6% of equity and ROE is -28% on a trailing basis.
• The shares trade at 0.4 times book value with no dividend, and the data has no P/E or EV/EBITDA because earnings are negative.
• The fair value model gives a base of ₩2,201, which is well below the current price; its bear case is ₩0 and its bull case ₩15,387, a very wide range.
• Foreign ownership edged up to 5.7% from 5.6% about 60 days earlier, while 20-day flows show retail and foreign net selling and institutions net buying.

What to watch

• The full-year 2026 results and any updates on the operating loss, given trailing figures are negative.
• Debt levels and cash flow, since borrowings exceed cash and free cash flow is negative.
• Filings from the 2026 extraordinary shareholders' meeting and the capital reduction decision noted in March; the data does not explain their impact. No recent news headlines were available in the data.