Woongjin Thinkbig웅진씽크빅

Woongjin Thinkbig is loss-making on a trailing basis, with revenue shrinking and heavy borrowings, and its shares are down sharply over the past year.

The children's education company reported trailing revenue of about ₩765B to H1 2026, with an operating loss of about ₩2.9B and a net loss of about ₩14.6B. Borrowings of about ₩236B are well above cash of about ₩33B, and liabilities are about 1.8 times equity. The shares closed at ₩1,175 on 2026-10-19, roughly 61% lower over one year.

What stands out

• Revenue has fallen for several years, from ₩933B in 2022 to ₩797B in 2025, and the trailing figure is lower still.
• Operating income swung from a small profit in 2024 to a loss of about ₩10.5B in 2025, and trailing operating margin is -0.4%.
• Trailing free cash flow is positive at about ₩83B, although net income is negative.
• The fair value model gives a base value of ₩10,534 against the ₩1,175 close, with a bear value of ₩1,816 and a bull value of ₩31,169; the data does not explain the wide range.
• Filings in August 2026 included preliminary consolidated earnings and a half-year report; no news headlines were available in the data.

What to watch

• The next periodic results and whether losses narrow or widen from the H1 2026 trailing figures.
• Debt levels against cash, given borrowings of about ₩236B and liabilities at 181.5% of equity.
• Recurring related-party transaction filings and the largest shareholder's holding changes, as listed in recent filings.