Dongbang Ship Machinery동방선기

Dongbang Ship Machinery posts strong trailing profits, yet its shares have fallen sharply over the past year and trade near the bottom of their 52-week range.

The company makes shipbuilding equipment such as pipe spools, pipe painting and environmental units. On trailing twelve-month figures to H1 2026 it reports revenue of ₩45.4B... more precisely ₩45.4B is shown as ₩45.4B in the data, with operating income of ₩13.6B and net income of ₩10.3B, and it holds ₩18.1B in cash against ₩11.3B of borrowings. The share price closed at ₩2,530 on 2026-10-23, far below its 52-week high of ₩6,780.

What stands out

• Trailing revenue is ₩45.4B and operating margin is 30%, up from 22.2% in 2025 and 11.4% in 2024.
• Revenue grew 17.3% in 2025 after 30.8% growth in 2024, and annual net income rose from ₩1.3B in 2022 to ₩7.9B in 2025.
• Net income in 2024 (₩6.0B) was well above operating income (₩4.1B), a gap the data does not explain.
• The share price is down 56.4% over one year and 20.9% over three months, with a market value of about ₩35.4B.
• The stock trades at 3.4 times earnings and 0.7 times book value; the data's DCF base value is ₩7,930, but this is a model output, not a forecast.

What to watch

• The 2026 half-year report was attached in August, and the next quarterly results are not yet in the data; check upcoming filings for the full-year picture.
• A filing titled as a change of 30% or more in revenue or profit structure appeared in February 2026, and the CEO changed in March 2026; the data does not say why.
• Foreign ownership rose from 3.0% to 3.9% over 60 days, while institutions were net sellers over the last 20 days; the data gives no news explaining the share price fall.