Green Chemical그린케미칼

Green Chemical's trailing profits have recovered from 2025 levels, but the share price has fallen about 38% over the past year.

Green Chemical makes ethylene oxide-based specialty chemicals used in detergents, textiles, coatings and electronics, with most revenue from exports. Over the twelve months to H1 2026 it reported revenue of about ₩316B, operating income of about ₩18B and net income of about ₩18B, with free cash flow negative at about -₩6B. The shares closed at ₩4,385 on 2026-10-26, a market value of about ₩105B, and the data shows a P/E of 5.7 and a 5.5% dividend yield.

What stands out

• Trailing operating margin is 5.6% versus 3.3% for full-year 2025, and net income is about ₩18B against ₩9.7B in 2025.
• Revenue has been volatile: it fell 8% in 2025 after rising 17% in 2024, and operating income has dropped sharply from ₩20.9B in 2021.
• Borrowings of about ₩57B exceed cash of about ₩8B, and liabilities are 76.8% of equity.
• The stock trades near the bottom of its 52-week range (₩4,095 to ₩7,260) and the data shows a fair-value model base case of ₩5,856, which is an estimate rather than a forecast.
• Foreign ownership fell from 2.1% to 1.9% over about 60 days, and the 20-day flows show retail and foreign net selling against net institutional buying.

What to watch

• The Q3 2026 quarterly report and whether margins hold, since the latest trailing figures include a strong earlier period.
• Follow-up to the July 2026 new facility investment and dividend decisions, including the record date and payment details in future filings.
• Negative free cash flow and borrowings relative to cash, which the data flags as a financial risk.