homecast홈캐스트

Homecast's trailing revenue is about ₩96B, but it still runs an operating loss, with net profit near breakeven on a thin margin.

Homecast is a small Seoul-listed company whose sales are mostly electronic component distribution, with smaller medical aesthetics and set-top box businesses. Over the trailing twelve months to H1 2026 it reported revenue of ₩95.9B, an operating loss of ₩3.6B, and net income of ₩2.5B, while free cash flow was negative at ₩2.5B. The share price is ₩1,619, well below its 52-week high of ₩2,540 but above its low of ₩1,186.

What stands out

• Operating income has been negative in each year from 2023 to H1 2026, and the trailing operating margin is -3.7%, so the positive net income appears to rely on items below the operating line that the data does not explain.
• Fiscal 2025 net income was only about ₩23M on ₩98.0B of revenue, so the profit figure is very sensitive to non-operating items.
• Revenue was roughly flat in 2025 (+0.1%) after a 53.6% jump in 2024, and 2023 saw a 13.1% decline.
• Cash of ₩41.1B exceeds borrowings of ₩3.0B, but trailing free cash flow is -₩2.5B.
• Valuation metrics are mixed: trailing P/E is 22.4 and P/B is 0.7, while the 2025 year-end P/E of 2,746 reflects near-zero earnings that year. The filings and data do not include a fair value estimate.
• Foreign ownership rose from 1.4% to 1.8% over about 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The Q3 2026 quarterly report, which is not yet in the data, will show whether operating losses are narrowing.
• Whether the trailing net income is repeated from operating results or driven by one-off items; the filings listed do not explain the gap.
• The February 2026 filing on a 30% or greater change in revenue or profit structure, whose details are not included in the data.