LB SemiconLB세미콘

LB Semicon remains loss-making on a trailing basis, and its shares have fallen sharply over the past year.

LB Semicon is an outsourced chip assembly and test provider that also recovers battery metals. Its trailing twelve-month revenue is about ₩526B, but operating and net losses persist, with net debt-like borrowings of ₩295B against ₩41B of cash. The share price is ₩3,140, down 39% over one year, and the stock trades at 0.8 times book value.

What stands out

• Trailing twelve-month revenue is ₩526B, but operating income is -₩11.7B and net income is -₩117.9B, a net margin of -22.4%.
• Annual results show losses widening from 2024 to 2025, with 2025 net loss of -₩150.9B on revenue of ₩480B.
• Borrowings of ₩295B are well above cash of ₩41B, and liabilities are 132% of equity.
• Trailing free cash flow is positive at ₩28.4B, though the data does not explain what drove it.
• Foreign ownership fell from 31.6% to 27.4% over the last 60 days, while institutions were net sellers over the past 20 days and retail net buyers.

What to watch

• The next results release, since the data does not give a date for Q3 2026 or full-year 2026 figures.
• Filings on share issuance and the rights offering or bond subscription disclosed in August 2026, and any effect on share count.
• Trading plans and holding reports from executives and major shareholders, which were filed in September and October 2026.