Coweaver코위버

Coweaver is back to near break-even on operating profit in the first half of 2026, after a loss-making 2024 and a small profit in 2025.

Coweaver makes optical transmission and communication equipment, mainly for Korean telecom operators, and sells entirely in Korea. Trailing figures to H1 2026 show revenue of about ₩64.0B, a small operating loss of about ₩0.6B, and a net profit of about ₩2.8B, with a stock price of ₩5,500 and a market value of about ₩53.9B. The data does not include any analyst views or forecasts for the company.

What stands out

• Trailing revenue of about ₩64.0B is close to the 2025 full-year level of about ₩62.6B, after a sharp fall in 2024.
• Operating income is slightly negative on a trailing basis (about -₩0.6B, -1% margin), while net income is positive (about ₩2.8B), so the net profit is not coming from core operations alone.
• Trailing free cash flow is negative at about -₩1.8B, and borrowings of ₩12.0B exceed cash of about ₩3.1B.
• Valuation metrics are low on book value (P/B 0.3) but the trailing P/E is 19.1, and ROE is only about 2%.
• Filings in 2026 include the annual report, the Q1 quarterly report, and an amended half-year report, plus a cash dividend decision; the dividend yield is 0.9%. No news headlines were available in the data.

What to watch

• The next quarterly or half-year results, to see whether operating income turns sustainably positive and whether free cash flow improves.
• Any further amendments to the June 2026 half-year report, which were filed in late September.
• Customer concentration risk: all sales are to a few domestic telecom operators, and the data does not describe the outlook for their spending.