Dongyang E&P동양이엔피

Dongyang E&P's shares have fallen sharply over the past year even though trailing results remain profitable.

Dongyang E&P makes switch-mode power supplies and chargers, mostly for large electronics makers such as Samsung Electronics. Trailing results to H1 2026 show revenue of about ₩520B, operating income of about ₩33B and net income of about ₩57B, with the share price at ₩15,210, near its 52-week low of ₩14,990. The data does not explain the drop in the share price.

What stands out

• Trailing operating margin is 6.4%, down from 9.0% in 2025 and 9.4% in 2024, while revenue for 2025 grew 8.8%.
• Trailing net income of about ₩57B is well above operating income, so non-operating items or other one-off gains may be a factor; the data does not break this down.
• Valuation metrics are low: P/E about 2.0, P/B about 0.2, and a 3% dividend yield; the company's own DCF base value is ₩62,550, well above the current price, but this is an internal model, not an analyst target.
• Balance sheet looks light: liabilities-to-equity is 15%, cash about ₩41B against borrowings of about ₩4B, and trailing free cash flow is about ₩60B.
• Recent filings include a value-up plan, a share cancellation decision, share acquisitions in another company, and a loan provision decision amendment; no news headlines were available in the data.

What to watch

• The Q3 2026 quarterly report and whether operating margin recovers from the trailing 6.4%.
• Details of the loan provision decision amendment and the share acquisition filings, which the data does not explain.
• Foreign ownership is 7.2%, and foreign investors were net sellers over the last 20 days; the data does not state a reason.