Posbank포스뱅크

Posbank's trailing revenue is up on 2025, but margins are thin and free cash flow is negative, while the stock has rallied over three months.

Posbank makes point-of-sale, kiosk and kitchen display hardware for restaurants and retailers, with most sales exported to about 80 countries. Trailing twelve-month revenue to H1 2026 was ₩107.4B with operating income of ₩9.5B and net income of ₩11.5B, well above the 2025 full-year figures. Free cash flow was negative at about ₩-2.6B, and the latest filing on 2026-10-19 concerns a business acquisition decision.

What stands out

• Trailing revenue of ₩107.4B and operating margin of 8.9% compare with 2025 revenue of ₩91.4B and an operating margin of 3.7%.
• Trailing net income of ₩11.5B is higher than operating income, so non-operating or one-off items may be contributing; the data does not break this down.
• The fair value model's base case is ₩3,524 against a close of ₩5,210, while the bear and bull cases are ₩480 and ₩9,039; the model's assumptions are not detailed in the data.
• Shares are up 51.2% over three months but down 8.8% over one year, and trade near the middle of a ₩3,230 to ₩6,130 52-week range.
• A new report on 2026-10-20 says Posbank will take on an industrial terminal business, but the size and terms are not in the data.

What to watch

• Details of the business acquisition decision filed on 2026-10-19, including price, funding and effect on revenue.
• Whether free cash flow turns positive, given trailing cash of ₩17.5B against borrowings of ₩5.4B.
• Full-year 2026 results, which are not yet in the data, and whether the trailing margin improvement holds.