Systemand Application Technologies에스에이티

Systemand Application Technologies trades near its 52-week low on thin profits, though trailing earnings have recovered from 2025.

SAT is a Korean company whose main business is intelligent transportation equipment such as axle-weighing scales, alongside mobile phone components and real estate leasing. Trailing twelve-month revenue is ₩179.8B with operating income of ₩8.3B and net income of ₩8.6B as of H1 2026, a clear improvement on full-year 2025. The shares closed at ₩1,241 on 19 October 2026, down 15.1% over one month but up 19% over three months.

What stands out

• Trailing operating margin is 4.6%, up from 2.4% in 2025, and net income of ₩8.6B is well above 2025's ₩0.8B.
• Trailing free cash flow is about ₩9.7B and cash is ₩18.9B, with no borrowings reported in the data.
• Valuation metrics look low: P/E 3.8, P/B 0.3, and a 4% dividend yield, although the company's own trailing figures are small.
• The in-house DCF fair value model gives a base of ₩1,946, bear ₩383 and bull ₩4,788, but these are model outputs, not forecasts.
• Foreign ownership is 1.5% and unchanged over 60 days; 20-day flows show net foreign and retail selling, with institutions roughly flat.
• Recent filings are mainly insider shareholding and 5%+ holding reports, plus a half-year report for June 2026. No news headlines are in the data.

What to watch

• The next half-year or annual results, to see whether margins hold near the trailing level after the weak 2025 year.
• Further 5%+ holding and insider shareholding filings, which may signal ownership changes.
• Share price range: the stock sits between a 52-week low of ₩989 and high of ₩1,618, and the data does not explain the recent one-month drop.