Asflow아스플로

Asflow's share price has surged over the past year, but its trailing profit rests on a sharp swing back from losses in 2025 and its balance sheet carries heavy debt.

Asflow makes high-purity stainless steel gas-supply components for semiconductor makers such as Samsung Electronics and SK hynix. Its trailing twelve-month results to H1 2026 show revenue of ₩87.0B, an operating margin of 2.6% and net income of ₩7.3B, after a loss-making 2025 when revenue fell 18.8% and net loss reached ₩9.9B. The stock closed at ₩31,700, up 677.9% over one year, with a market value of about ₩422.7B and a trailing P/E of 57.5.

What stands out

• Trailing net income of ₩7.3B is well above operating income of ₩2.2B, so the bottom line depends on items other than core operations, which the data does not explain.
• Liabilities are 143.7% of equity and borrowings total ₩65.2B against cash of ₩12.9B; trailing free cash flow is negative at ₩13.2B.
• The company pays no dividend (0% yield), and the data gives no analyst ratings or price targets.
• Recent filings include a major sales or supply contract (25 Aug 2026), a property, plant and equipment acquisition (8 Sep 2026) and a short-term borrowings increase (10 Sep 2026).
• Foreign ownership fell from 2.8% to 1.1% over 60 days, while the 20-day flows show foreign net selling of about ₩15.5B.
• No news headlines were included in the data for the period.

What to watch

• Whether the next filed results confirm that H1 2026 profitability holds, given the earlier loss-making year.
• Progress on debt levels and free cash flow, including any further short-term borrowings.
• Details of the recently filed supply contract and the shareholders' meeting outcomes, which the data does not describe in full.