Mona Yongpyong모나용평

Mona Yongpyong's trailing results show a return to a small operating profit but a large net loss, and the shares have fallen sharply over the past year.

Mona Yongpyong runs ski resorts, golf courses, water parks and condominium developments in Gangwon and Boryeong. Trailing twelve-month revenue to H1 2026 was ₩171.9B with operating income of ₩5.2B, but net income was a loss of ₩43.1B and borrowings of ₩241.1B exceed cash of ₩27.6B. The share price is ₩1,932, down 49.5% over one year, and the data includes no fair value estimate or dividend.

What stands out

• Trailing operating margin is about 3%, down from 9.3% in 2025 and above 10% in 2023 and 2024.
• Net losses in 2025 (₩30.6B) and trailing H1 2026 (₩43.1B) contrast with profits in 2023 and 2024.
• Liabilities are 176.2% of equity and free cash flow is negative at ₩5.1B on a trailing basis.
• Price-to-book is about 0.3 and price-to-sales about 0.5, below the listed peers, though the data gives no reason for the discount.
• Filings in the past few weeks are mainly largest-shareholder holding changes and insider shareholding reports; no news headlines were supplied.
• Foreign ownership is 1.9%, and over the last 20 trading days institutions were net sellers while retail investors were net buyers.

What to watch

• Upcoming full-year and interim results, to see whether operating profit holds and the net loss narrows.
• Further largest-shareholder and insider holding filings, which are frequent in the recent filing list.
• Debt levels relative to cash, since borrowings are about nine times cash in the trailing data.