Visang Education비상교육

Visang Education's trailing profit has recovered sharply, but the shares remain near the bottom of their 52-week range.

On trailing twelve-month figures to H1 2026, the education publisher reported revenue of ₩294.1B, operating income of ₩46.2B and net income of ₩34.4B, after losses in 2023 and 2024. The shares closed at ₩4,860, down 12.1% over one year and well below the ₩7,470 high, with a market value of ₩63.2B.

What stands out

• Profitability has improved: the operating margin is 15.7% on a trailing basis, against 8.0% for 2025 and 4.1% for 2024.
• Net income of ₩21.3B in 2025 followed a ₩2.9B loss in 2024, so the recovery is recent and the history is volatile.
• Valuation metrics look low on trailing figures (P/E 1.8, P/B 0.3) and the dividend yield is 4.5%, though the data gives no context on dividend history or sustainability.
• Borrowings of ₩114.5B exceed cash of ₩42.9B, and liabilities are 78.6% of equity.
• Foreign ownership fell to 5.1% from 5.8% over about 60 days, and foreign and institutional investors were net sellers over the last 20 days while retail investors were net buyers.

What to watch

• The next quarterly results are not in the data, so the next update on whether trailing profit holds is still to come.
• The annual report for December 2025 was amended in June 2026; the data does not say what changed.
• The fair-value model in the data gives a range from ₩0 to ₩18,140 around a base of ₩52, which is too wide to be meaningful and is not a price target.