Dgenx디젠스

Dgenx is a small muffler maker that is back to thin profits after a weak 2025, with its share price down sharply over the past year.

Dgenx makes mufflers and exhaust parts for cars and auto parts makers. In the trailing twelve months to H1 2026 it reported revenue of about ₩82.8B, operating income of about ₩2.1B and net income of about ₩2.3B, a small recovery from 2025 but well below 2024 levels. The share price closed at ₩2,700 on 2026-10-23, with a market capitalisation of about ₩17.6B, and is down 43.2% over one year.

What stands out

• Operating margin is 2.6% on a trailing basis, up from 1.2% in 2025 but down from 6.2% in 2024.
• Net income in 2024 was about ₩4.5B and in 2025 about ₩0.7B; the trailing figure is about ₩2.3B.
• Borrowings of about ₩14.9B roughly match cash of about ₩15.0B, and liabilities are 125.9% of equity.
• Valuation metrics are low on the data given (P/E 7.7, P/B 0.6), and the 20-day flows show retail selling of about ₩10.9B against institutional buying of about ₩19.6B.
• Foreign ownership fell from 2.9% to 1.9% over about 60 days, and the data shows no short balance.

What to watch

• An August 2026 notice says the company is listed as at risk of management issue designation because its market cap is below ₩20B; the data gives no further detail.
• The DCF fair value model gives a base of ₩5,665, a bear of ₩1,659 and a bull of ₩12,956; these are model outputs, not forecasts, and the wide range reflects high uncertainty.
• The data includes no news headlines, no upcoming results date and no dividend, so the next half-year or annual filing will be the next main source of information.