TPC티피씨글로벌

TPC is trading near its 52-week low on a small valuation, with trailing operating losses despite a large trailing net profit.

TPC is an auto parts maker with a roughly ₩79B annual revenue base, supplying carmakers and tier-one and tier-two suppliers, plus subsidiaries in elevator machinery and PVC pipes. Trailing twelve-month revenue is ₩73.9B with an operating loss of ₩1.9B, while net income of ₩16.5B is well above operating results, and the data does not explain the gap. The share price is ₩1,810, down 7.6% over one month and 7% over one year, with a market cap of about ₩20.4B.

What stands out

• Operating income has been negative in each year from 2021 through 2025 except 2021, and trailing operating margin is -2.6%.
• Trailing net income of ₩16.5B is far above operating income; the filings data here does not explain the reason for this difference.
• The stock trades at about 1.2x earnings and 0.3x book value, with no dividend paid, and the data gives no fair value estimate.
• Cash of ₩21.2B exceeds borrowings of ₩13.5B, but trailing free cash flow is negative at -₩1.4B.
• Foreign ownership fell from 3.0% to 2.2% over the past 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• The next quarterly or annual results, to see whether operating losses continue and whether the trailing net profit repeats.
• The buyback trust arrangements: a trust contract was signed on 2026-06-01 and again on 2026-10-14, and an earlier one was terminated in September 2026.
• Trading volume and price behaviour near the 52-week low of ₩1,610, given the stock's low foreign ownership and thin liquidity signals in the data.