Finetek파인텍

Finetek's trailing results remain loss-making and the share price has fallen sharply over the past year, despite a new OLED order.

Finetek, a KOSDAQ-listed maker of display components and display and battery manufacturing equipment, reported a trailing twelve-month operating loss of about ₩6.8B on revenue of ₩44.6B as of H1 2026. Its share price closed at ₩1,097 on 2026-10-28, with a market value of about ₩9.5B, down 74.7% over one year. Recent filings and news include a fresh ₩10B OLED equipment order from Samsung Display Vietnam.

What stands out

• Revenue fell 34.7% in 2025 to ₩46.3B after a ₩71.0B peak in 2024, and the company has posted net losses in 2021, 2023 and 2025.
• Trailing net loss of about ₩7.7B and a liabilities-to-equity ratio of 193.2% point to a weak balance sheet; borrowings of ₩35.6B exceed cash of ₩8.6B.
• Trailing free cash flow was negative at about -₩1.9B, and the company pays no dividend.
• The share price trades at about 0.4 times book value, with no meaningful earnings-based valuation because earnings are negative.
• A ₩10B OLED order and a few other supply contracts were filed in 2026, but the data does not give their margin or revenue contribution.
• Foreign ownership rose from 4.1% to 6.1% over about 60 days, while retail investors were net buyers over the last 20 days and foreign investors were net sellers.

What to watch

• An August 31 2026 filing flags possible designation as an administrative issue because market capitalisation is below ₩20B; the outcome is not in the data.
• Next results and whether the company returns to operating profit, since trailing operating margin is -15.3%.
• Whether the borrowings and negative free cash flow can be funded without further equity or debt raises, which the data does not address.