DSR WireDSR제강

DSR Wire shows strong trailing profits and a low valuation, but its share price is well below its 52-week high and the data gives no outlook.

DSR Wire, a Korean maker of steel wire ropes and related products, reported trailing twelve-month revenue of ₩233B and operating income of ₩28.6B to H1 2026, with net income of ₩33.5B. Its share price closed at ₩5,350 on 2026-10-16, up 43.6% over one year but down 4.3% over three months, and the data shows a P/E of 2.3 and P/B of 0.4. The data does not include analyst ratings, forecasts or price targets.

What stands out

• Trailing operating margin is 12.2% and net margin is 14.4%, versus 9.1% operating margin in 2024, when the company posted a net loss of ₩28.3B.
• Net income for the trailing period (₩33.5B) is above operating income, and the data does not explain the gap.
• Borrowings of ₩46.6B are well above cash of ₩15.1B, with liabilities at 42% of equity.
• The DCF fair value model gives a base of ₩12,779, a bear of ₩5,190 and a bull of ₩26,749, all of which are model outputs rather than forecasts.
• Filings are dominated by notices of changes in largest shareholder's holdings, and foreign ownership slipped from 10.0% to 9.8% over 60 days. No news headlines are included in the data.

What to watch

• The next periodic results and the Q3 2026 filing, which are not yet in the data.
• Further changes in largest shareholder's holdings, given the frequency of recent notices.
• Whether trailing profits hold up, since 2025 and H1 2026 figures are the only periods covered and the company had a loss in 2024.