Dasan Solueta다산솔루에타

Dasan Solueta is loss-making on a trailing basis after a weak 2024 and a profitable 2025, with revenue shrinking and cash thin against borrowings.

Dasan Solueta makes electromagnetic shielding tapes and cushions used in smartphones and other smart devices, mostly for export. On trailing figures through H1 2026 it reports revenue of about ₩28.1B, an operating loss of about ₩0.3B and a net loss of about ₩0.8B, while borrowings of ₩21.1B far exceed cash of ₩0.6B. The shares closed at ₩10,550 on 2026-10-20, with a market cap of about ₩22.8B.

What stands out

• Trailing revenue of ₩28.1B is below the ₩31.4B reported for 2025 and the ₩35.4B for 2024, and the company has no reported revenue growth in the 2026 period given.
• 2025 was profitable with a net income of about ₩12.2B, but 2024 posted a net loss of about ₩19.9B, so earnings have swung sharply year to year.
• Trailing free cash flow is about -₩3.3B and liabilities are 48.4% of equity, with borrowings of ₩21.1B against cash of ₩0.6B.
• Valuation is low on book measures (price-to-book about 0.4, price-to-sales about 0.8) but no P/E is meaningful given the trailing losses; no dividend is paid.
• The shares rose about 38.8% over three months but were flat over one month, and foreign ownership rose from 1.6% to 2.3% over 60 days.

What to watch

• Next reported results, to see whether the trailing operating and net losses narrow or widen from H1 2026.
• Trading halts (filed 2026-08-28 and 2026-09-23) and the reasons behind them, which are not described in the data provided.
• Insider and major-shareholder trading plans and holding reports filed in September and October 2026, and the company's debt levels against its thin cash position. No news headlines were available in the data.