Nuvotec뉴보텍

Nuvotec is a small water-pipe maker that returned to a thin profit in 2025 and H1 2026, but its shares have fallen sharply over the past year and several corporate actions were filed on the same day.

Nuvotec makes sewer and water pipes, de-icing agents and recycled plastics, selling mainly to local governments and construction firms. Trailing twelve-month revenue is about ₩43.8B, with operating income of ₩1.3B and net income of ₩2.0B, after large losses in 2021 and 2023. The share price is ₩1,001, down 30.9% over one year and roughly half its 52-week high of ₩1,880.

What stands out

• Trailing revenue of ₩43.8B is roughly flat against 2025's ₩43.5B, and 2024 revenue fell 11.3%, so top-line growth has been limited.
• Operating margin is thin at 3.1% trailing, down from 6.1% in 2024, and net income is supported by something other than core operations, since net margin (4.6%) is above operating margin.
• Borrowings of ₩16.3B exceed cash of ₩3.4B, and liabilities are 131.9% of equity, so the balance sheet carries meaningful debt.
• Valuation metrics are low: P/E of 6.6, P/B of 0.6 and P/S of 0.3, with no dividend. Peers such as Dongwon Systems and Pum-Tech trade at different multiples, so the comparison is loose.
• On 16 October 2026 the company filed a share consolidation decision, a shareholders' meeting notice, a value-up plan and a notice about an unfaithful disclosure designation that was reversed. Foreign ownership is 4.1%, and the data shows no news headlines.

What to watch

• Details of the share consolidation and the shareholders' meeting, including the record date and what the consolidation means for share count and trading price.
• The unfaithful disclosure designation reversal and the content of the corporate value-up plan, which the data does not describe in detail.
• Next periodic results, to see whether operating margin recovers from 3.1% and whether debt of ₩16.3B is reduced.