SGSG

SG is loss-making on a trailing basis, with revenue shrinking and the share price down sharply over the past year.

SG makes asphalt concrete for road and infrastructure projects in South Korea. On trailing twelve-month figures to H1 2026 it reported revenue of ₩84.8B, an operating loss of ₩4.3B and a net loss of ₩16.0B, and the shares closed at ₩1,028, down 53.4% over one year. The data does not include forward forecasts or analyst views.

What stands out

• Revenue fell 14% in 2025 to ₩102.2B after a 47% jump in 2024, and trailing revenue to H1 2026 is lower still at ₩84.8B.
• The company swung to a small operating profit of ₩0.75B in 2025 but is back to a trailing operating loss of ₩4.3B, with a net margin of -18.9%.
• Trailing free cash flow was negative at about -₩8.3B, against cash of ₩11.2B and borrowings of ₩57.2B.
• Liabilities are 91% of equity, and the stock trades at 1.4x book value with no dividend and no meaningful earnings-based valuation.
• Foreign ownership rose from 1.4% to 4.1% over about 60 days, while retail investors were net buyers over the last 20 days and foreign and institutional investors were net sellers.

What to watch

• Upcoming results and whether operating and free cash flow turn positive, since the trailing figures are negative.
• Filings tied to the recent convertible bond issue decision and securities issuances, which could affect share count and debt levels.
• Refinancing needs against the ₩57.2B of borrowings relative to ₩11.2B of cash.