Yooshin Engineering유신

Yooshin Engineering's trailing profits are thin but positive, and the shares have rallied sharply over the past month and three months after a weak year.

Yooshin is a long-established Korean engineering consultancy working on public infrastructure and some EPC projects. For the twelve months to H1 2026 it reported revenue of about ₩429B, an operating margin of 2.8% and net income of about ₩14B, with liabilities at 121% of equity. The shares closed at ₩21,400, up 19.8% over one month and 39% over three months, but down 3.2% over one year.

What stands out

• Revenue rose 13.5% in 2025 to about ₩386B, but operating margin was only 2.4%, below the 5.4% seen in 2023.
• 2024 net income of about ₩24.6B was well above operating income of about ₩6.0B, so that year's profit was boosted by items outside core operations; the data does not explain them.
• Valuation metrics are low: P/E of 4.6, P/B of 0.4 and a 4.2% dividend yield, with the data showing a DCF base value of ₩142,276 and a bear case of ₩73,171, but these are model outputs, not forecasts.
• Filings in recent months are mostly amended major sales or supply contracts, and the half-year report for June 2026 was filed on 14 August.
• Foreign ownership rose from 2.9% to 3.9% over about 60 days, while the 20-day data show net selling by foreign and retail investors and net buying by institutions.

What to watch

• The next quarterly or annual results, to see whether the 2.8% operating margin holds and whether net income tracks operating income.
• Further amendments to major contract filings, which the data shows have been frequent, and any changes in project scope or value.
• Balance sheet leverage at 121% liabilities to equity and the ₩14.8B cash figure; the data shows no borrowings but does not give a full debt breakdown.