Namuga나무가

Namuga's trailing profits have slipped from 2025 levels while the share price is well below its 52-week high.

Namuga makes camera and 3D depth-sensing modules, with Samsung Electronics accounting for nearly all sales and production in Vietnam. For the twelve months to H1 2026 it reported revenue of ₩400B, operating income of ₩17B and net income of ₩19B, all lower than 2025's full-year levels. At ₩13,600 the shares trade at a trailing P/E of 9.9 and P/B of 1.1, roughly half the 52-week high of ₩28,600.

What stands out

• Trailing revenue of ₩400B is down from ₩460B in 2025, and operating margin has eased to 4.3% from 6.1%.
• Cash of ₩107B is shown with no reported borrowings, and liabilities are 38.8% of equity.
• Trailing free cash flow of ₩17B and a 5.4% dividend yield are listed in the data.
• Filings include a buyback trust contract (July), a status report on shares acquired under a trust agreement (October) and a corporate value-up plan (March).
• Foreign ownership fell to 4.3% from 6.6% over 60 days, while institutions were net buyers over the last 20 days and retail investors were net sellers.

What to watch

• The Q3 2026 quarterly report and whether margins recover from the trailing 4.3% level, as the data does not include a forecast.
• Customer concentration: nearly all sales go to Samsung Electronics, a risk the profile names directly.
• The DCF fair value range of ₩15,697 to ₩40,628 (base ₩24,733) is a model output that depends on its assumed 7.5% rate, not a forecast.