Insun Environmental New Technology인선이엔티

Insun Environmental is back in the black on a trailing basis only through operations, with net losses and a share price down sharply over the past year.

Insun Environmental runs construction waste collection, treatment and landfill, plus automobile recycling, in Korea. On a trailing twelve-month basis to H1 2026 it had revenue of about ₩186.2B, operating income of ₩16.4B and a net loss of ₩3.6B, with the shares at ₩2,785, down 36.9% over one year. The data shows no dividend and no earnings-based valuation multiples, since earnings are negative.

What stands out

• Revenue has fallen each year from 2021 to 2025, and trailing revenue to H1 2026 is around ₩186.2B, slightly below the 2025 full year.
• Operating margin has narrowed from 17% in 2021 to 8.8% on a trailing basis, while the company has reported net losses in 2024 and 2025 and in the trailing period.
• The balance sheet looks modest in the data: cash of about ₩51.6B against borrowings of about ₩0.7B, with liabilities at 49% of equity.
• Trailing free cash flow is negative at about -₩2.2B, and the shares trade at about 0.4 times book value with a 0% dividend yield.
• Filings in 2026 are mostly routine, including half-year and quarterly reports and several 5%+ holding reports. The news feed contains no headlines for the period.

What to watch

• The next quarterly or annual results, to see whether operating margin holds and the net loss narrows.
• Whether free cash flow turns positive and whether the company's cash position is maintained.
• Any further 5%+ holding reports, given the recent flow of such filings; the data does not explain their cause.
• The fair value model's base case of ₩6,555 is well above the current price, but the model is a DCF estimate from the data, not a forecast, and it could be wrong.