Youngone영원무역

Youngone remains profitable with a low valuation, but its share price has fallen sharply over the past three months.

Youngone is a large outdoor and sports apparel contract manufacturer with brand businesses such as SCOTT and Outdoor Research. Trailing results to H1 2026 show revenue of ₩4.34T, operating income of ₩582B and net income of ₩591B, with a 13.4% operating margin. The share price closed at ₩67,400 on 2026-10-26, down 22.4% over three months but up 12.3% over one year.

What stands out

• Trailing revenue is ₩4.34T, up from ₩4.06T in 2025, and operating margin is 13.4% versus 12.7% for 2025 and 9.0% for 2024.
• 2025 revenue grew 15.5% after declines in 2023 and 2024, though 2022 operating margin of 21% has not been matched since.
• Valuation metrics are low: P/E about 5.1, P/B 0.7, dividend yield 3.1%, with a DCF base fair value of ₩196,785 in the model provided, well above the current price. The model is not a forecast or target.
• Balance sheet shows cash of ₩720B against borrowings of ₩422B, liabilities to equity of 37.3%, and trailing free cash flow of ₩317B.
• Recent headlines report a ₩50B treasury share buyback announced in October and a final ruling in the SCOTT stake dispute, with Youngone's stake rising to 96.71%. Foreign ownership eased from 29.3% to 28.7% over 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• Half-year and later results versus the trailing figures, especially operating margin, which has recently recovered from 9.0% in 2024.
• Execution of the ₩50B treasury share buyback and the timing and amount of the cash dividend and record date noted in filings.
• Headlines link the recent share price fall to Arc'teryx order trends; the data does not give further detail on customer demand or the amended major management matter filed on 2026-10-27, so check the filing directly.