CTK씨티케이

CTK remains loss-making on a trailing basis, with its share price down sharply over the past year.

CTK is a Korean cosmetics platform that handles product planning through to logistics for brands, largely through partner manufacturers. Over the trailing twelve months to H1 2026 it reported revenue of ₩100.5B, an operating loss of ₩7.5B and a net loss of ₩14.5B, with borrowings of ₩49.2B against cash of ₩10.2B. The shares closed at ₩2,185 on 2026-10-20, about 56% lower over one year and near the bottom of their 52-week range of ₩2,085 to ₩5,580.

What stands out

• Revenue has moved around considerably: it fell 39.7% in 2022, rose 28.2% in 2023, fell 6% in 2024 and grew 6.7% in 2025, while operating income was negative in 2025 at about ₩5.7B.
• Trailing free cash flow was negative at about ₩25.7B, and liabilities were 91.2% of equity, so the balance sheet carries meaningful debt relative to cash.
• The price-to-book ratio is about 0.3 and the price-to-sales ratio about 0.4, but earnings-based multiples are not meaningful because the company is loss-making, and the data has no fair value estimate.
• Foreign ownership edged up to 3.5% from 3.4% over 60 days, while 20-day flows show net foreign selling of about ₩42.6M and net retail buying of about ₩41.5M.
• Recent filings are mostly shareholding reports, with the half-year report for June 2026 and preliminary consolidated earnings published in August; the data contains no news headlines.

What to watch

• The next quarterly or half-year filings, to see whether losses narrow and whether operating cash flow improves on the trailing figures.
• Debt levels relative to cash, given borrowings of ₩49.2B against ₩10.2B of cash and the negative free cash flow.
• Further 5%+ holding and insider shareholding reports, which have been frequent in 2026; the data does not say what they indicate about future ownership changes.