FNS Tech에프엔에스테크

FNS Tech is profitable on a trailing basis and its shares have risen 32% over the past month, though they remain well below their 52-week high.

FNS Tech reported trailing revenue of ₩57.7B and operating income of ₩11.9B to H1 2026, with a 20.6% operating margin, after revenue fell 16.8% in 2025. The stock closed at ₩14,690 on 13 October 2026, implying a market cap of about ₩123B, a P/E of 13.2 and a P/B of 1.4. The company profile and recent news headlines were not provided in the data.

What stands out

• Trailing operating margin of 20.6% is well above the 14.1% reported for 2025, and 2024 net income of ₩14.0B was well above its operating income of ₩8.8B.
• Revenue has been volatile: up 127.6% in 2024, down 42.5% in 2023 and down 16.8% in 2025.
• Cash of ₩29.1B against borrowings of ₩4.8B, with a liabilities-to-equity ratio of 38.2% and trailing free cash flow of ₩11.3B.
• The DCF fair value model gives a base of ₩7,820, below the current price of ₩14,690; bear and bull cases are ₩5,353 and ₩11,854.
• Recent filings include a major sales or supply contract (May 2026), a corporate value-up plan (March 2026) and a share cancellation decision (May 2026).

What to watch

• The Q3 2026 quarterly report and whether margins hold near the trailing level.
• Details of the share cancellation decision and the exchangeable bond right exercise (교환청구권행사) filed in April 2026, which the data does not explain.
• Foreign ownership, investor flows and short balance data are not available in the data, so these cannot be assessed.