Korea Computer한국컴퓨터

Korea Computer trades near book value and at a low earnings multiple, but its share price has fallen sharply over the past year.

Korea Computer, a KOSDAQ-listed electronics manufacturing services company with operations in Korea and Vietnam, reported trailing twelve-month revenue of ₩408B and net income of ₩26B to H1 2026. Its shares closed at ₩4,100 on 22 October 2026, down 16.7% over one year and 19% over three months. The data shows a dividend yield of 7.3% and a price-to-book ratio of 0.4.

What stands out

• Trailing revenue of ₩408B is roughly flat with 2025's ₩418B, and 2025 revenue fell 0.8% after a 13.3% rise in 2024.
• Operating margin improved to 6.2% on a trailing basis from 5.5% in 2025, though it is below the 6.4% seen in 2023.
• Net income of ₩26B on a trailing basis is above 2025's ₩21B, and trailing free cash flow is ₩15B against ₩47.5B of borrowings and ₩39B of cash.
• Foreign ownership fell from 2.6% to 2.3% over 60 days, while retail investors were net buyers over the past 20 days.
• The fair value model gives a base case of ₩17,598, but this is a model output rather than a forecast, and its bear case of ₩7,815 is below the current price.

What to watch

• The next quarterly or half-year results, given the filing for a 30% or more change in revenue or profit structure issued in February 2026.
• Whether the amended annual report filed on 31 July 2026 leads to further changes in the reported figures.
• Customer concentration: the profile names Samsung Display and LS Electric as major customers, and the data does not show their share of revenue.