Opticis옵티시스

Opticis is profitable on a trailing basis and trades near book value, but its share price has fallen sharply from its 52-week high.

Opticis makes digital optical link products for video, audio and data signals, sold mostly overseas through one partner or distributor per country. On a trailing twelve-month basis to H1 2026 it reported revenue of about ₩24.6B, operating income of ₩3.8B and net income of ₩5.1B, with a low debt load and ₩11.7B in cash. The share price is ₩9,130, well below its 52-week high of ₩22,800 but up 17.7% over three months.

What stands out

• Trailing operating margin is 15.4%, down from 17.5% in 2025, while 2025 revenue grew 8.3% to ₩25.7B.
• Trailing net income of ₩5.1B is above operating income, so the filings suggest non-operating items contributed; the data does not explain the source.
• Valuation metrics are modest: P/E about 10.1, P/B 0.8, and a 2.7% dividend yield; the DCF model gives a base value of ₩11,353 with a bear-to-bull range of ₩8,014 to ₩16,778.
• Liabilities are 10.6% of equity and borrowings are ₩3.0B against ₩11.7B of cash.
• Foreign ownership fell from 2.6% to 2.3% over 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• The half-year report (Jun 2026) and preliminary earnings were filed in August; check the full filings for the details behind the trailing figures.
• Annual results history is volatile, with operating income ranging from ₩0.8B in 2023 to ₩7.7B in 2022, so margins may not hold.
• The data includes no news headlines and no analyst coverage, so there is no outside view on the outlook or the value-up plan filed in March 2026.