Jindo진도

Jindo's trailing revenue and operating profit are recovering from 2024, but the stock trades near its 52-week low range with heavy borrowings.

Jindo, a Seoul-based fur and ready-to-wear company, reported trailing twelve-month revenue of ₩57.1B and operating income of ₩7.8B through H1 2026, well above its 2024 levels. The share price is ₩2,310, down 5.3% over one month and 3.7% over three months, but up 14.6% over one year. Borrowings of ₩26.0B exceed cash of ₩4.5B, and returns on equity remain low at 3.1%.

What stands out

• Revenue fell 21.7% in 2024 but rose 7.8% in 2025 to ₩47.6B; trailing revenue to H1 2026 is ₩57.1B.
• Trailing operating margin is 13.6%, versus 8.4% in 2025 and 2.6% in 2024, though net margin is 6.1% and ROE only 3.1%.
• Trailing free cash flow is ₩279M, small relative to ₩26.0B of borrowings, and liabilities are 32.6% of equity.
• The filed model values the shares at a base of ₩4,927 (bear ₩3,492, bull ₩7,476), well above the current price; this is a model output, not a forecast.
• Trailing P/E is 8.3 and P/B is 0.3, below the peer group median, and the company pays no dividend.
• Foreign ownership rose from 4.5% to 5.1% over about 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• Next half-year or annual results, and whether the H1 2026 margin improvement holds given the company's heavy borrowings.
• Follow-up filings on the largest shareholder's holding changes and the 5%+ holding report filed on 2026-10-23.
• The Extraordinary Shareholders' Meeting results and amended half-year report already filed; the data does not explain the reasons for these amendments.