DYPDYP

DYP's profit has shrunk sharply in 2026 so far, while its share price has fallen 13% over the past year and sits near its 52-week low.

DYP is a Korean maker of engine pistons that supplies carmakers such as Hyundai Kia, BMW and Ford, with plants in Korea, China, Mexico and the United States. On trailing twelve-month figures to H1 2026 it reports revenue of ₩490B and operating income of ₩16B, with heavy borrowings of ₩190B and negative free cash flow of ₩24B. The company is also building production for EV inverter heat-dissipation modules, but the data does not show when or how much that will contribute.

What stands out

• Trailing revenue is about ₩490B and net income about ₩12B, but full-year 2025 net income was ₩7.8B, so the trailing figure is higher than the last full year.
• Operating margin was 3.3% trailing and 3.6% in 2025, a thin margin for an auto parts maker.
• Liabilities are 240.8% of equity and borrowings are ₩190B against cash of ₩15B, while free cash flow is negative at -₩24B.
• The shares closed at ₩3,165, down 22.8% over one month and 13.2% over one year, near the 52-week low of ₩2,870 and well below the high of ₩10,250.
• Valuation metrics are low, with a P/E of 3.3, P/B of 0.3 and a 2.5% dividend yield, and foreign ownership fell from 2.8% to 1.9% over 60 days.

What to watch

• The Q3 quarterly report, which the data does not yet show a date for, will show whether margins and cash flow are improving.
• Progress on the EV inverter heat-dissipation module line, which a news report says targets mass production next year.
• Debt levels and negative free cash flow, which the data flags as the main financial pressure points.