Wonik Materials원익머트리얼즈

Wonik Materials posted strong trailing profits in the first half of 2026, but the share price is well below its 52-week high and the data includes no news coverage.

Wonik Materials makes high-purity specialty gases used in semiconductor and display manufacturing. On a trailing twelve-month basis to H1 2026 it reported revenue of ₩350B, operating income of ₩61B and net income of ₩54B, with a 17.3% operating margin. The shares closed at ₩33,800 on 2026-10-23, roughly 40% below the 52-week high of ₩56,100.

What stands out

• Trailing revenue of ₩350B is only slightly above 2025's ₩322B, with 2025 growth of 3.8% after steep declines in 2023 and 2024.
• Operating margin of 17.3% on a trailing basis is close to 2025's 17.5%, and net income of ₩54B is above 2025's ₩49B.
• Balance sheet looks modest: borrowings of ₩81B exceed cash of ₩67B, and liabilities are 22.9% of equity.
• Valuation metrics are low: P/E of 7.9, P/B of 0.8 and a 1.5% dividend yield, while the company's own DCF base value is ₩39,017, above the current price.
• Recent filings are mostly routine (5%+ holding reports, half-year report, large business group status); the data shows no news headlines and foreign ownership fell from 17.7% to 15.4% over 60 days.

What to watch

• The next quarterly results, since the trailing figures are through H1 2026 and 2026 full-year numbers are not yet in the data.
• Progress on the embezzlement and breach of trust allegations, last updated in a 2026-07-02 filing.
• Investor flows: foreign and retail investors were net sellers over the last 20 days while institutions were net buyers.