Alton알톤

Alton's revenue has recovered, but profits are near zero and the share price has fallen sharply over the past three months.

Alton, a Seoul-listed bicycle maker, reported trailing revenue of ₩35.4B to H1 2026 with a thin operating margin of 0.7% and net income of about ₩77M. The shares closed at ₩1,715 on 19 October 2026, down 22.7% over three months but up 7.2% over one year. Its DCF-based base value in the data is ₩1,513, below the current price.

What stands out

• Revenue grew 14.1% in 2025 to ₩32.2B after a sharp fall in 2024, but 2024 was a large loss with operating income of about -₩5.5B.
• Trailing operating income is ₩245M and net income is ₩77M, so margins are very small; trailing P/E is about 308 and P/B is about 1.0.
• The company has ₩14.0B in cash against ₩6.1B in borrowings, and trailing free cash flow is ₩3.2B, though liabilities are 65.3% of equity.
• Recent filings include the half-year report for June 2026 and an amended major sales or supply contract dated 28 August 2026; the data contains no news headlines.
• Foreign ownership is 0.7% and has been flat over 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The next filings and results, including any further changes to the major supply contract disclosed on 28 August 2026.
• Whether operating margin can rise above the near-zero level seen in the trailing twelve months.
• Ongoing share price weakness and the gap between the current price and the DCF base value of ₩1,513; the data does not include analyst ratings or forecasts.