Igloo이글루

Igloo's trailing revenue has grown strongly since 2025, but profits are thin and the shares are well below their 52-week high.

Over the last twelve months to H1 2026, Igloo reported revenue of ₩178.9B, operating income of ₩13.1B and net income of ₩4.2B, with a 7.3% operating margin and 2.3% net margin. Revenue rose 28.8% in 2025, but net income fell from ₩7.3B in 2023 to ₩3.6B in 2025. The shares closed at ₩5,790, a market cap of ₩63.7B, and the data does not include any analyst ratings or price targets.

What stands out

• Revenue reached ₩143.3B in 2025, up 28.8%, but operating income of ₩16.0B and net income of ₩3.6B were both below the 2023 level of net income.
• Trailing net income of ₩4.2B against a ₩63.7B market cap gives a P/E of about 15.3, while the P/B is 0.9 and the dividend yield is 3.6%.
• The balance sheet looks moderate: cash of ₩40.7B exceeds borrowings of ₩7.0B, liabilities are 31.8% of equity, and trailing free cash flow is ₩9.5B.
• Share price is ₩5,790, within a 52-week range of ₩4,600 to ₩8,700, up 13.5% over three months but down 0.2% over one month.
• Foreign ownership fell from 4.6% to 4.2% over the last 60 days, while institutions were net sellers over the past 20 days.
• The company's own DCF model gives a base value of ₩10,764, with a bear case of ₩2,742 and a bull case of ₩24,742; these are model outputs, not forecasts.

What to watch

• The data does not include a date for the next quarterly results, so the timing of the Q3 2026 report is unknown.
• The March 2026 corporate value-up plan has been filed, but the data gives no details on its targets or timeline.
• Recent news about the 'Igloo' AI home camera refers to a company called TruEn, which does not appear in the company profile; it is unclear how that product relates to Igloo's security business.