Danal다날

Danal's shares have fallen sharply over the past year, and the company is loss-making on a trailing basis despite a small operating profit.

Danal runs payment services (largest segment), digital content and a coffee franchise, with trailing revenue of about ₩228B for the period to H1 2026. Trailing net loss is about ₩50B and borrowings of ₩267B exceed cash of ₩62B. The share price closed at ₩3,920 on 2026-10-23, down 56.4% over one year and near its 52-week low of ₩3,805.

What stands out

• Trailing operating income is a small ₩1.9B (0.8% margin), but net income is a loss of about ₩50B (-22% margin), so non-operating or other items are weighing heavily.
• Revenue has declined two years running: about -11.7% in 2024 and -13.6% in 2025, while 2025 net loss was about ₩64B.
• Trailing free cash flow is negative at about -₩31B, and liabilities are 134.8% of equity.
• Price-to-book is about 1.0 and price-to-sales about 1.3, with no dividend. Earnings-based valuation is not meaningful because earnings are negative.
• Recent filings include a lawsuit filed or ruled (2026-09-18), convertible bond acquisition and a decision to sell treasury convertible bonds (8th series) in late September, plus the H1 2026 half-year report. The data does not explain the lawsuit or the bond transactions in detail.
• Foreign ownership fell from 4.7% to 4.3% over about 60 days, and the 20-day flows show foreign net buying of about ₩4.6B against retail net selling of about ₩4.7B.

What to watch

• The next periodic filings and any further detail on the lawsuit and the treasury convertible bond sale, which the data does not describe.
• Whether revenue declines stop and whether the gap between operating income and the net loss narrows.
• Debt levels: borrowings of ₩267B against cash of ₩62B, and the short balance of 5.3% of shares.