Sena Technologies세나테크놀로지

Sena Technologies is profitable on a trailing basis, but its shares have fallen sharply over the past month and three months.

Sena makes wearable Mesh Intercom communication devices for motorcycle, cycling, outdoor and industrial use, and sells in about 140 countries. Trailing twelve-month revenue to H1 2026 was ₩179.3B with operating income of ₩16.3B and net income of ₩16.7B, and the company holds ₩91.7B in cash with no borrowings. At ₩30,700 the shares are well below their 52-week high of ₩176,400 but also well above the 52-week low of ₩27,000.

What stands out

• Trailing operating margin is 9.1% and net margin is 9.3%, with trailing free cash flow of ₩11.1B.
• Balance sheet looks light: liabilities are 21.1% of equity and borrowings are zero.
• Valuation metrics are modest: P/E about 10.1, P/B about 0.9, and no dividend yield.
• Headlines report Q3 cumulative revenue of ₩171.5B and operating profit of ₩26.7B, but the data does not include a full Q3 filing to check against.
• Foreign ownership fell slightly to 1.5% from 1.6% over 60 days, and foreign investors were net sellers over the last 20 days while institutions were net buyers.

What to watch

• Full third-quarter and annual results, and whether the preliminary figures hold up in the formal filings.
• Shareholder meeting and buyback trust arrangements filed in October, including the record date and any share repurchase details.
• The 1-month return of -15.4% and 3-month return of -10.5% suggest continued price volatility; the data does not explain the cause.