Linkgenesis링크제니시스

Linkgenesis shows strong trailing profits and low valuation multiples, but the share price has fallen sharply over the past year.

Linkgenesis, a KOSDAQ software company serving semiconductor and display factory equipment makers, reported trailing twelve-month revenue of ₩19.7B and operating income of ₩3.5B to H1 2026, with net income of ₩4.7B. The shares closed at ₩2,830 on 2026-10-28, down 43.1% over one year, with a P/E of 6.9 and P/B of 0.7. Its fair value model gives a base value of ₩6,081, but the data does not explain the gap between that figure and the market price.

What stands out

• Trailing net income of ₩4.7B exceeds operating income of ₩3.5B, so non-operating items contributed to earnings; the data does not break these down.
• Annual results are volatile: 2024 showed an operating loss and 2025 revenue grew 29.5% after two weak years, with operating margin only 7.2%.
• Balance sheet looks light, with liabilities at 10.9% of equity, borrowings of ₩0.1B against cash of ₩4.3B, and trailing free cash flow of ₩4.1B.
• Foreign ownership fell from 5% to 3.7% over 60 days, while the 20-day flows show foreign net selling.
• Recent filings include a major sales or supply contract (July 2026), but no contract value or counterparty is given in the data, and no news headlines were available.

What to watch

• Next quarterly and annual results, to see whether the strong trailing margins hold given the volatile annual history.
• Details of the July 2026 supply contract and whether it contributes to revenue in coming periods.
• The data includes no dividend (yield 0%) and no analyst coverage, so no forecasts or ratings are available to compare against.