Able C&C에이블씨엔씨

Able C&C's profits have recovered from 2021-2022 losses, but 2025 sales and operating profit both fell from 2024 levels.

Able C&C, the Korean beauty company behind Missha and A'PIEU, reports trailing twelve-month revenue of ₩240.6B and operating income of ₩25.4B through H1 2026, a 10.5% operating margin. The shares closed at ₩10,130 on 2026-10-28, about 40% below the 52-week high of ₩16,790 and above the low of ₩8,710. The data shows a dividend yield of 4.3% and a trailing P/E of 17, but the company's debt is high relative to equity, at 110.8% liabilities to equity.

What stands out

• Trailing operating income of ₩25.4B is well above 2025's ₩18.0B, though 2025 revenue of ₩242.0B was down 8.3% on 2024.
• Operating margin improved from 4.0% in 2022 to 7.4% in 2025 and 10.5% on a trailing basis, after a loss-making 2021.
• Recent filings include a cash dividend decision (2026-10-15), a share cancellation decision (2026-08-13) and a 5%+ holding report (2026-10-29).
• Foreign ownership fell from 10.2% to 8.9% over the last 60 days, and foreign investors were net sellers over the past 20 days, while institutions were net buyers.
• The only news headline in the data is from Money Today on 2026-10-28, about a lip makeup line combined with skincare.

What to watch

• Upcoming results and any dividend payment details, since the data shows a 4.3% yield but no payment schedule.
• The discounted cash flow fair value range of ₩3,593 to ₩13,572 (base ₩7,235) sits well below the current price, and the data does not explain the gap.
• Debt levels: borrowings of ₩11.2B against ₩27.5B cash, with liabilities at 110.8% of equity, and no detail on debt maturities in the data.