LOTVacuum엘오티베큠

LOTVacuum's revenue has recovered from its 2025 slump, but it is still loss-making at the operating line and trades well below its 52-week high.

LOTVacuum makes dry vacuum pumps and related equipment, mainly for semiconductor and display manufacturers. Trailing twelve-month revenue to H1 2026 was ₩270B with a small operating loss of about ₩2B and a small net profit of ₩1.3B, while free cash flow was negative at about ₩13B. The share price is ₩9,340, down 29.1% over the year but up 18.5% over three months.

What stands out

• Operating income turned negative in 2024 and 2025 after strong 2022 and 2023 results, and the trailing figures still show an operating loss of about -0.8% margin.
• Trailing net income is positive at about ₩1.3B, but this is small and far below the ₩53B net income reported for 2023.
• Cash of about ₩78B exceeds borrowings of about ₩16B, and liabilities are 35.5% of equity, so leverage looks moderate on these figures.
• The discounted cash flow fair value model gives a base of ₩9,281, close to the current price, with a bear case of ₩6,029 and a bull case of ₩14,841; these are model outputs, not forecasts.
• Foreign ownership fell from 9.2% to 7.6% over about 60 days, while retail investors were net buyers over the last 20 days, according to the flow data.
• The filings list shows a notice of a 30% or more change in revenue or profit structure in February 2026, but the detail of that change is not in the data provided.

What to watch

• The next quarterly and annual results, to see whether operating income returns to a profit after the recent losses.
• Free cash flow, which was negative over the trailing period, and whether borrowings or cash change materially.
• The valuation is high on earnings, with a trailing P/E of about 128, so future profit recovery is a key question; the data does not include any analyst ratings or price targets.