Sebitchem새빗켐

Sebitchem's revenue has grown in 2025 but losses have deepened, and the shares have fallen sharply over the past year.

Sebitchem recycles semiconductor and display waste acids and spent lithium-ion battery materials into chemical inputs such as lithium compounds and precursor solutions. Its trailing twelve-month figures to H1 2026 show revenue of about ₩48.5B, an operating loss of about ₩5.3B and a net loss of about ₩12.9B, with negative free cash flow. The share price is ₩11,400, down 67.2% over one year and well below its 52-week high of ₩42,750.

What stands out

• Revenue rose 26.5% in 2025 to about ₩38.4B, but the operating loss widened to about ₩9.4B and the operating margin was -24.5%.
• Trailing net loss of about ₩12.9B is larger than the trailing operating loss, and trailing return on equity is -26%.
• Liabilities are 84.4% of equity, with about ₩34.6B of borrowings against about ₩14.6B of cash.
• Trailing free cash flow is about -₩5.8B, and the company pays no dividend.
• Market value is about ₩64.4B, with a price-to-book ratio of 1.4 and no meaningful earnings-based valuation because earnings are negative.
• Recent filings are mostly 5%+ shareholding reports and amendments, plus the half-year report for June 2026; the data includes no news headlines.

What to watch

• The next half-year or annual results, to see whether losses narrow and whether free cash flow turns positive.
• Further shareholding reports, given the recent cluster of 5%+ holding filings and foreign ownership of only 1.6%.
• Debt levels relative to cash, since borrowings are about 2.4 times cash in the data provided.