ELP이엘피

ELP's trailing results have swung to profit on a sharp recovery, but the shares remain well below their 52-week high.

ELP makes inspection equipment for OLED and micro-display panels and semiconductor packaging, selling mainly to display makers in Korea and China. Over the trailing twelve months to H1 2026 it reported revenue of ₩35.6B... to be precise, ₩35.6B in revenue, ₩6.3B operating income and ₩7.4B net income, after several loss-making years. The share price is ₩2,420, about 46% below its 52-week high of ₩4,500 but up 20.1% over one year.

What stands out

• Trailing operating margin is 17.5% and net margin 20.9%, versus losses at the operating line in 2021 through 2024 and a small profit in 2025 (8.4% operating margin).
• Revenue fell 2.5% in 2025 after a 30.8% rise in 2024, so top-line growth has been uneven.
• On the price data, the trailing P/E is about 3 and P/B about 0.3, and the listed dividend yield is 4.1%; the data does not include a fair value estimate.
• Cash of ₩14.4B exceeds borrowings of ₩3.0B, and liabilities are 22.8% of equity.
• Foreign ownership fell from 4% to 3.1% over 60 days, while the 20-day flows show foreign net selling of about ₩134M.

What to watch

• The Q3 and full-year 2026 results, since the trailing figures cover only H1 2026 and the 2025 base was much weaker.
• Follow-through on the October 2026 value-up plan and buyback trust contract, including how much stock is bought.
• The interim dividend record and ex-dates already set in September, and any further 5%+ holding or insider share changes in the filings.