Uangel유엔젤

Uangel's trailing revenue is near ₩62B-scale in won terms, but profits have shrunk and the share price is down 20% over the year.

Uangel is a Korean telecom software and services company, with a preschool education unit and an eSIM roaming service. On trailing figures to H1 2026 it reports revenue of ₩62.4B, operating income of ₩3.3B and net income of ₩6.5B, with a cash balance of ₩8.1B against ₩4.0B of borrowings. The shares closed at ₩4,230 on 2026-10-27, near the bottom of their 52-week range of ₩4,140 to ₩6,700.

What stands out

• Trailing operating margin is 5.3%, below the 5.6% reported for 2025, while 2024 and 2023 showed much thinner or negative operating margins.
• Net income of ₩6.5B on trailing figures is well above operating income, so non-operating or other items appear to matter for the bottom line; the filings excerpt here does not explain the gap.
• 2025 revenue grew 16.1% to ₩61.6B, but 2025 net income of ₩4.4B was lower than 2024's ₩3.7B only in part, and 2021's ₩14.7B profit was an outlier.
• Valuation metrics are modest on the data given: P/E 8.3, P/B 0.8, dividend yield 2.4%, and a DCF base-case fair value of ₩2,159, well below the current price.
• Foreign ownership fell from 4.5% to 3.3% over about 60 days, and the 20-day flow data shows foreign net selling.

What to watch

• The Q3 2026 quarterly report and any update to the H1 2026 results, given the margin trend.
• Outcome of the lawsuit filed or ruled on 2026-06-09, which the data does not describe in detail.
• Follow-through on the share cancellation decision and the corporate value-up plan announced in early 2026.