Eluon이루온

Eluon's revenue is still around ₩57B-₩62B a year, but it has slipped into a small operating loss over the last twelve months.

Eluon is a Korean software developer serving mainly telecom carriers, with smart card and digital archive systems for banks and card firms. Trailing twelve-month revenue is ₩57.1B, with an operating loss of ₩1.1B and a net loss of ₩1.0B to the half-year ended June 2026. The shares closed at ₩1,267 on 28 October 2026, well below the 52-week high of ₩5,200 but above the low of ₩1,190.

What stands out

• Revenue fell 10.2% in 2025 to ₩61.6B, and the trailing figure to mid-2026 is ₩57.1B, so the top line has been shrinking.
• Operating margin moved from 2.5% in 2025 to -1.9% on a trailing basis, and the company reports a trailing net loss of ₩1.0B.
• Trailing free cash flow is positive at ₩1.1B, while borrowings of ₩10.7B exceed cash of ₩8.7B.
• The shares are down 20.3% over one year and 12.6% over one month, and foreign ownership fell from 11.1% to 7.5% over the last 60 days.
• The half-year report (June 2026) was filed on 14 August 2026; the news list for the period is empty, so no press coverage is included in the data.

What to watch

• The next quarterly or annual results, to see whether the trailing operating loss continues or reverses.
• Debt levels: borrowings of ₩10.7B against cash of ₩8.7B, with liabilities at 61.5% of equity.
• The internal fair value model gives a base of ₩1,510, a bear of ₩813 and a bull of ₩2,742; these are model outputs, not forecasts, and the data does not include analyst targets.