Micro Contact Solution마이크로컨텍솔

Micro Contact Solution has grown fast on strong trailing profits, but its shares have fallen about 27% over the past month.

The company makes test sockets and contact components for memory chips and SSDs, plus some appliance parts. Trailing twelve-month revenue to H1 2026 is ₩122B with a 23.2% operating margin, well above its 2023 and 2024 levels. The share price is ₩41,700, still up 55.9% over one year but well below its 52-week high of ₩63,000.

What stands out

• Revenue rose from ₩69.7B in 2024 to ₩100.3B in 2025, a 44% increase, and operating margin improved from 14.6% to 17.7%.
• Trailing free cash flow is negative at about -₩0.1B, while cash is ₩6.0B against borrowings of ₩2.6B.
• Our fair value model gives a base value of ₩29,973, below the current price of ₩41,700; the bear and bull values are ₩20,541 and ₩44,391. These are model outputs, not forecasts.
• Foreign ownership rose from 11.9% to 18.7% over about 60 days, while retail investors were net sellers of about ₩20.4B over the last 20 days.
• The filings list include a half-year report for June 2026, insider shareholding reports and an investor relations event, but no news headlines were provided.

What to watch

• The next filings and results, including any update on margins and whether free cash flow turns positive.
• Changes in insider and 5%+ holder reports, given the recent insider filings.
• The share price has moved sharply in both directions (-26.7% over one month, +74.8% over three months); the data does not explain the cause.