Pum-Tech Korea펌텍코리아

Pum-Tech Korea's trailing profits are still solid, but the shares have risen sharply and trade well above the model's base value.

Pum-Tech Korea makes plastic cosmetics containers and, through a subsidiary, sells health functional foods. Trailing twelve-month revenue to H1 2026 was about ₩383B with operating income near ₩58B and a 15.2% operating margin, and the balance sheet looks modest with ₩50B cash against ₩23B borrowings. The stock closed at ₩66,900, near its 52-week high of ₩71,300 and well above the ₩50,885 base fair value from the company's own DCF model.

What stands out

• Revenue grew 10.2% in 2025 after 18.6% in 2024, but 2025 net income fell to about ₩34B from ₩38B in 2024.
• Trailing operating margin of 15.2% matches 2025, up from 11.2% in 2022.
• Shares are up 59.5% over three months and 15.9% over one month, while the one-year return is 20.8%.
• Valuation is about 20.4x earnings and 2.6x book, above the peer group shown, which is mostly tyre makers trading at single-digit or low-teens P/E.
• Filings in 2026 include the half-year report, preliminary earnings and several 5%+ holding reports; no news headlines were provided.

What to watch

• The next quarterly or annual results and whether margins hold near 15%, given net income fell in 2025 despite higher revenue.
• Further 5%+ holding reports or ownership changes, since the data shows no foreign ownership or short-interest figures.
• Share price sensitivity: the DCF bear case is ₩29,735 and the bull case ₩86,222, so the valuation range is wide.