P&H Tech피엔에이치테크

P&H Tech's revenue and profit have fallen sharply from their 2022-2023 peak, and the shares are down about 41% over the past year.

P&H Tech makes OLED materials for display panel makers in South Korea. Trailing twelve-month revenue to H1 2026 was about ₩26.7B...

What stands out

• Revenue fell 10.3% in 2025 to ₩30.1B after a 16.4% drop in 2024, and trailing revenue to H1 2026 is ₩26.7B.
• Operating margin was 5.8% on a trailing basis, down from 16.2% in 2023, though net income of ₩2.75B is higher than operating income of ₩1.55B.
• Cash of ₩3.8B is below borrowings of ₩6.1B, and liabilities are 18.8% of equity.
• The shares closed at ₩3,345 against a 52-week range of ₩2,770 to ₩7,070, and the model's base fair value is ₩3,161.
• Filings include a half-year report, a corporate value-up plan from April 2026 and several 5%+ holding and insider shareholding reports; no news headlines were provided.

What to watch

• The next quarterly or annual results, given the sharp decline in revenue and operating margin.
• Whether the trailing free cash flow of ₩7.2B holds up against the ₩6.1B of borrowings.
• The 6% dividend yield shown in the data; the data does not say whether it is sustainable.