Intergis인터지스

Intergis is a small, low-margin logistics firm whose shares have fallen about 32% over the past year, with 2026 half-year profit well below 2025 levels.

Intergis runs port cargo handling, steel and container land transport, ocean shipping and freight forwarding, with overseas subsidiaries in five countries. On a trailing basis to H1 2026 it had revenue of about ₩771B, operating income of about ₩15B and net income of about ₩7B, with negative free cash flow of about ₩17B. The shares closed at ₩1,825 on 20 October 2026, near the bottom of their 52-week range of ₩1,795 to ₩2,775.

What stands out

• Revenue has grown from ₩589B in 2021 to ₩771B on a trailing basis, but operating margin has slipped from 4.9% in 2022 to about 2% trailing, and net margin is about 0.9%.
• Net income fell from ₩14.3B in 2024 to ₩9.8B in 2025, and the trailing figure of ₩7.1B is lower still.
• The balance sheet shows borrowings of about ₩92B against cash of about ₩35B, with liabilities at 78% of equity.
• Valuation metrics are low: trailing P/E about 7.6, P/B about 0.2, and a dividend yield of 5.5%. The data includes a DCF fair value of ₩10,931, but this is a model output, not a forecast or recommendation.
• Recent filings include two notices on criminal penalties related to serious industrial accidents, and foreign ownership fell from 6% to 5.4% over about 60 days.

What to watch

• Full-year 2026 results and whether margins recover from the trailing level of about 2%.
• Further filings on the industrial accident penalties and any financial or operational effect the data does not yet describe.
• Free cash flow and borrowings, since the trailing free cash flow is negative and debt is roughly 2.6 times cash.