Unitekno유니테크노

Unitekno's trailing results have turned slightly loss-making at net level, while the share price has risen sharply over the past month.

Unitekno, a Korean maker of engineering plastic parts for automotive and energy storage systems, reported trailing twelve-month revenue of ₩116.7B for the period to H1 2026 with a small operating profit of ₩4.2B but a net loss of about ₩0.1B. Its 2025 full-year results also showed a net loss, down from strong profits in 2023 and 2024. The share price closed at ₩3,330 on 2026-10-26, up 33.7% over one month but only 1.8% over one year.

What stands out

• Trailing operating margin is 3.6%, but net income is roughly break-even at -₩0.1B, and 2025 posted a net loss of about ₩3.2B after a ₩10.6B profit in 2024.
• Free cash flow is negative at about -₩11.4B on a trailing basis, and borrowings of ₩25.9B exceed cash of ₩24.7B.
• Liabilities are 79.4% of equity, and the stock trades at about 0.6 times book value; price-to-earnings is not meaningful given the losses.
• A January-to-October 2026 news item reports selection as a supplier of next-generation ESS components for North America.
• Recent filings include a corporate value-up plan (September 2026), a cash dividend decision and half-year report (August 2026), and conversion and warrant price adjustments (July 2026).
• The discounted cash flow model in the data gives a base value of ₩2,425 against the current price of ₩3,330, with bear at ₩630 and bull at ₩5,667; these are model outputs, not forecasts.

What to watch

• The next quarterly results and whether operating profit converts into net profit, given the trailing net loss.
• Cash flow and debt: negative free cash flow and borrowings above cash, and how the company funds its operations.
• Foreign investors cut their holding from 1.7% to 0.9% over about 60 days, and foreign net flows over 20 days were negative; watch whether this trend continues.