Dentis덴티스

Dentis is loss-making on an operating basis in H1 2026 and its shares have fallen about 52% over the past year, with a stretched debt load.

Dentis sells dental implants, LED dental lights and 3D printers in South Korea and abroad. Trailing revenue to H1 2026 is about ₩111.7B, but operating income is about -₩5.4B and free cash flow is about -₩3.8B, while borrowings of ₩99.5B sit against cash of ₩3.0B. The share price is ₩2,410, near the lower part of its 52-week range of ₩2,125 to ₩5,100.

What stands out

• 2025 was a weak year: revenue was roughly flat at ₩114.2B, operating income swung to about -₩10.4B and net income was about -₩14.2B.
• Trailing net income is positive at about ₩1.4B, but this is well below the operating loss, so the profit picture depends on non-operating items the data does not explain.
• Liabilities are about 281% of equity and the company carries roughly ₩99.5B of borrowings, a high debt load relative to its cash.
• Valuation metrics look low on a P/E of 27 and P/B of 0.7, but the earnings base is volatile and the data gives no forecasts to judge whether this reflects value.
• Foreign ownership fell from 4.4% to 3.4% over about 60 days, and the 20-day flows show foreign buying alongside net retail selling.

What to watch

• Whether the company returns to positive operating income in its next reported results, given the H1 2026 operating loss.
• Filings on the disclosure-compliance designation: the company was named an unfaithful disclosure company in September 2026 and was then not designated after a deferred review in October.
• Ongoing shareholder changes and convertible bond activity, which the recent filings show, and any effect on dilution or control.