UJU Electronics우주일렉트로

UJU Electronics is profitable on a trailing basis, but its shares have fallen sharply over the past year and free cash flow is negative.

UJU Electronics, a Suwon-based maker of ultra-precision connectors for phones, wearables, laptops and automotive uses, reported trailing revenue of ₩188B and net income of ₩23B to H1 2026. Its shares closed at ₩16,820 on 29 October 2026, down 55.6% over one year and about 67% below the 52-week high. Profit has been well below its 2024 and 2025 levels on an operating basis, and cash flow was negative over the same period.

What stands out

• Trailing operating income is about ₩15B (8.1% margin), down from ₩21.8B (11.7%) in 2025, while trailing net income of ₩23B is higher than operating income, so non-operating items matter to the bottom line.
• Trailing free cash flow is about -₩5.3B, and borrowings of ₩59.7B exceed cash of ₩57.7B.
• The shares trade at about 6.5 times trailing earnings and 0.6 times book value, well below the peer group shown, which includes much higher multiples for several names.
• The company's internal discounted cash flow model gives a base value of ₩34,504, with a range of ₩26,191 to ₩48,176; the filings do not explain the assumptions behind these figures in detail, and they are not a forecast.
• Retail investors held most of the recent 20-day trading flow, while foreign ownership rose slightly to 10.4% and the short balance is very small at 0.2%.

What to watch

• Next quarterly or annual filings, to see whether operating margin recovers from the trailing 8.1% and whether free cash flow turns positive.
• The share cancellation decision filed on 7 August 2026 and its effect on the share count and capital structure.
• The amended annual report for December 2025 filed on 14 August 2026, in case it changes reported figures; the news data contains no headlines on the company, so reasons for the share price decline are not in the data.