Ubiquoss유비쿼스

Ubiquoss shows strong trailing profitability and a low valuation, but revenue has been uneven and the share price is down over the past month.

Ubiquoss makes network equipment such as FTTH gear, LAN switches and xDSL products, mainly sold to Korean telecom operators. On trailing twelve months to H1 2026 it reported revenue of ₩121.8B, operating income of ₩27.3B and net income of ₩32.6B, with a balance sheet showing cash of ₩71.7B against borrowings of ₩1.0B. The share price closed at ₩10,020 on 2026-10-27, well below its 52-week high of ₩19,000.

What stands out

• Trailing operating margin is 22.4% and net margin 26.7%, up from 11.9% operating margin in 2024, though 2025 full-year revenue was ₩116.4B and 2024 revenue fell 30.9%.
• Net income is above operating income on a trailing basis, which the data does not explain; the filings would need checking for the source of the difference.
• At the current price the stock trades at about 4.5x earnings and 0.7x book, with a 4.7% dividend yield and a DCF base value of ₩23,215, bear ₩17,293 and bull ₩33,054.
• Recent filings include an amended major sales or supply contract (2026-09-29) and the half-year report (2026-08-14), but the data does not give the contract's size or terms.
• Foreign ownership is 5.4%, roughly unchanged over 60 days, and 20-day flows were net negative for foreign and retail investors and positive for institutions.

What to watch

• The next quarterly or half-year results, to see whether revenue growth and margins hold after the 2024 decline.
• Details of the amended supply contract and any further filings on customer concentration with Korean telecom operators.
• The share price fell 11.6% over one month; the data gives no reason for this, and no news headlines were supplied.