ITM Semiconductor아이티엠반도체

ITM Semiconductor is loss-making on a trailing basis, with its shares down sharply over the past year and no news coverage in the data.

ITM Semiconductor, a Korean maker of secondary battery protection circuits and e-cigarette components, reported a trailing twelve-month revenue of ₩466B to H1 2026 but an operating loss of ₩11.9B and a net loss of ₩138B. The share price closed at ₩7,050 on 2026-10-15, down 41.9% over one year and about 65% below its 52-week high of ₩19,620.

What stands out

• Revenue fell 6.9% in 2025 to ₩603B, and trailing revenue to H1 2026 is ₩466B, pointing to a continued sales decline.
• Operating margin was -2.5% on a trailing basis, and the net loss of ₩138B is much larger than the operating loss, which the data does not explain.
• Liabilities are 1,282.5% of equity and trailing ROE is -124.4%, indicating a heavily indebted and loss-making balance sheet.
• Cash of ₩23.5B against borrowings of ₩5.1B is shown, and trailing free cash flow is positive at ₩6.5B.
• The data-based fair value model gives a base value of ₩1,564 against the current price of ₩7,050, but the bear case is zero and the bull case is ₩8,314, so the range is very wide.
• Recent filings are mostly routine (shareholder meeting notices, 5%+ holding reports, debt guarantee decisions); the data contains no news headlines.

What to watch

• The shareholders' meeting notices dated 2026-09-22 and 2026-10-16, and the amended meeting notice, for agenda items.
• The debt guarantee decisions for third parties filed in August and September 2026, given the high leverage shown.
• Whether the company returns to operating profit, since trailing results are still loss-making; investor flow, foreign ownership and short data are not available in the pack.