Taeyang태양

Taeyang's trailing earnings improved on a small base, with a thin operating margin and a share price near the middle of its 52-week range.

Taeyang, a KOSDAQ-listed maker of aerosol products and fuel cans, reported trailing twelve-month revenue of ₩151.5B and net income of ₩16.6B to H1 2026, though operating income was only ₩8.0B. Its share price was ₩6,830 on 29 October 2026, giving a market value of ₩58.7B, and its balance sheet shows low leverage with cash of ₩6.4B and no borrowings disclosed.

What stands out

• Revenue fell 7.8% in 2025 to ₩140.4B, but trailing results to H1 2026 are higher at ₩151.5B.
• Operating margin is 5.3% on a trailing basis versus 1.7% in 2025, while net margin is 11%, well above operating margin; the filings excerpt does not explain the gap.
• Net income of ₩16.6B is about twice operating income, so the profit figure may depend on non-operating items not shown here.
• Valuation metrics are low: P/E of 3.5, P/B of 0.3, and a dividend yield of 5.9%. The company's DCF model gives a base value of ₩17,233, with a bear-to-bull range of ₩12,980 to ₩24,936; these are model outputs, not forecasts.
• Foreign ownership is 1.3%, up slightly from 1.2% sixty days earlier, and the 20-day investor flows show retail buying ahead of foreign and institutional activity.

What to watch

• The next quarterly or annual report, as the data does not give a date; the filing list shows the half-year report was filed on 14 August 2026.
• The reason for the 5%+ holding report filed on 13 October 2026 and the Liquidity Provision Agreement filed on 21 September 2026, neither of which is explained in the data.
• Whether trailing net income holds above operating income, and whether revenue keeps recovering from the 2025 decline; no news headlines were available to add context.