Wins Technet윈스테크넷

Wins Technet is a profitable, lightly indebted security software firm whose revenue has slipped while its shares trade near the low end of their 52-week range.

Trailing twelve-month revenue is ₩96.8B with an operating margin of 19.5% and net income of ₩18.4B as of H1 2026, after revenue fell 2.8% in 2025 and 5.0% in 2024. The balance sheet shows liabilities at 8.9% of equity, cash of ₩8.3B and no reported borrowings, and the share price of ₩10,780 sits between its 52-week low of ₩9,870 and high of ₩14,580.

What stands out

• Annual operating margin has eased from 21.7% in 2021 and 21.6% in 2023 to 19.5% on a trailing basis, while net margin stays around 19%.
• The company's own discounted cash flow model gives a base value of ₩29,069 per share, with a bear case of ₩22,045 and a bull case of ₩40,511; these are model outputs, not forecasts.
• Valuation metrics show a P/E of 7.2 and P/B of 0.7, below Samsung SDS (25.5x P/E) and LG CNS (14.7x), though the peer set is mixed in size and business mix.
• Foreign ownership was 8.6% versus 8.7% sixty days earlier, and over the last 20 days retail investors were net sellers while foreign and institutional investors were net buyers.
• Filings in 2026 include preliminary and half-year earnings, a corporate value-up plan and an annual general meeting, but the news headline list is empty, so no press coverage is included in the data.

What to watch

• The full-year 2026 results and the next quarterly report, since the data only covers trailing figures to H1 2026 and revenue has been declining.
• Whether the value-up plan filed in March 2026 is followed by specific actions, which the data does not describe.
• The data does not name specific customer concentration or competitive risks beyond the company's reliance on telecom, government and financial clients in Korea.