LDTInc엘디티

LDTInc's trailing results have recovered to a small profit after two loss-making years, while the share price has fallen about 23% over the past year.

LDTInc is a fabless designer of display driver chips and runs a smaller IoT business called SSN. On a trailing twelve-month basis to H1 2026 it reports revenue of ₩11.5T, operating income of ₩756B and net income of ₩1.45T, with a low debt load and ₩8.2T in cash. The share price is ₩2,330, near the middle of its 52-week range of ₩1,615 to ₩3,355.

What stands out

• Trailing operating margin is 6.6%, well up from the 2.8% in 2025 and the losses reported in 2023 and 2024, but still far below the 12.7% to 15% margins seen in 2021 and 2022.
• Trailing net income of ₩1.45T is well above operating income, so the bottom line appears to be helped by items beyond core operations; the filings excerpt provided does not explain the gap.
• On the model's base-case discounted cash flow value of ₩1,923, the share price sits above the base estimate, while it sits within the bear-to-bull range of ₩1,570 to ₩2,588.
• Valuation multiples are P/E 12.7 and P/B 0.9, with no dividend. Foreign ownership rose from 3.2% to 4% over about 60 days, while the 20-day data shows retail investors as the net buyers.
• Recent filings are mostly insider shareholding reports, a 5%+ holding report, a share cancellation decision, a treasury stock results report and two lawsuit-related filings. No news headlines were provided.

What to watch

• The next periodic results and whether operating margin keeps improving from the trailing level.
• The details and outcome of the two lawsuit filings from September 2026, which the data does not describe.
• Follow-up on the share cancellation and the 5%+ holding report, which may affect the share count and ownership.