Shinwha Intertek신화인터텍

Shinwha Intertek is profitable again on a trailing basis but thin-margin, with its share price down sharply over the past year.

Shinwha Intertek, a KOSDAQ-listed maker of optical films for displays, reported trailing twelve-month revenue of ₩202B and operating income of ₩3.9B to H1 2026, a small operating margin of 1.9%. The share price closed at ₩1,407 on 28 October 2026, down 29.2% over one year and well below its 52-week high of ₩2,050. Its valuation metrics are low, but the data does not include analyst forecasts.

What stands out

• Trailing operating margin of 1.9% and net margin of 1.3% are thin, compared with 4.0% operating margin for full-year 2025.
• Full-year 2025 revenue fell 7.4% to ₩229B, but operating income rose to ₩9.1B and net income to ₩3.4B after losses in 2022 and 2023.
• Trailing cash of ₩8.0B against borrowings of ₩7.0B, with liabilities at 62.6% of equity and trailing free cash flow of ₩27.8B reported.
• Price-to-earnings is about 15.1 and price-to-book about 0.4, while the company pays no dividend.
• Foreign ownership edged up to 1.6% from 1.3% over 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The half-year report was filed in August 2026, and the next quarterly results and filings will show whether margins hold.
• Two filings on transactions with affiliated companies were made in July and October 2026; the data does not describe their terms.
• The data includes no recent news headlines and no analyst forecasts, so the outlook for the optical film market is not covered.