Pemtron펨트론

Pemtron's trailing revenue is up sharply but profits are thin, and the shares have fallen about 47% over the past year.

Pemtron makes 3D inspection equipment for electronics, semiconductor and battery makers. Over the twelve months to H1 2026 it reported revenue of about ₩83B...

What stands out

• Trailing revenue reached ₩83.0B with a 7.6% operating margin, but net income was only about ₩0.1B, a 0.2% net margin.
• Free cash flow was negative at about -₩3.4B on the trailing basis, and liabilities are 137% of equity with ₩9.1B of borrowings against ₩2.4B of cash.
• Full-year 2025 showed revenue growth of 22.6% but a net loss of about ₩3.8B after a ₩1.9B loss in 2024.
• The shares closed at ₩11,090, down 47.4% over one year and well below the 52-week high of ₩34,700.
• The company's filings include several amended major supply contracts and a conversion-rights exercise in June 2026, while the news feed contained no headlines.

What to watch

• The next quarterly and annual results, to see whether operating profit converts into net profit and cash flow.
• Whether the amended supply contracts and the conversion-rights exercise affect share count or debt levels, as shown in future filings.
• The gap between the company's ₩9.1B borrowings and ₩2.4B cash, given negative free cash flow.