Dreamtech드림텍

Dreamtech shows thin profitability in the latest twelve months, with a net loss, while its share price has swung sharply over the past year.

Dreamtech, a KOSPI-listed electronic components maker, reported trailing twelve-month revenue of about ₩1.12T to H1 2026, with a small operating profit of about ₩13B but a net loss of about ₩9.5B. Its 2025 net income was close to break-even after a much stronger 2024 and 2022, and the company's free cash flow is negative on a trailing basis. The shares closed at ₩6,820 on 2026-10-23, up 62.6% over three months but down 19.3% over one month.

What stands out

• Trailing operating margin is 1.2% and net margin is -0.9%, down from 7.1% operating margin in 2022 and 7.8% in 2021.
• Revenue has grown in 2024 and 2025 after falling 24.7% in 2023, but profits have not followed.
• Cash of about ₩136B is set against borrowings of about ₩35B, and liabilities are 84.6% of equity.
• The DCF-based fair value model gives a base of ₩6,006, a bear of ₩1,490 and a bull of ₩14,118; the data does not include analyst ratings or price targets.
• Recent filings include two debt guarantee decisions in September 2026, a buyback trust contract in July, and a stock purchase option grant in June.

What to watch

• The next half-year or annual results, to see whether operating profit turns into net profit and free cash flow improves.
• Follow-up on the debt guarantee decisions and their amendment filed in September 2026, since these add contingent obligations.
• Progress on the buyback trust acquisition and the new facility investments disclosed in June and July 2026.