C&G Hi Tech씨앤지하이테크

C&G Hi Tech shows solid trailing profitability, but its shares have fallen sharply over the past year and free cash flow is negative.

C&G Hi Tech makes chemical supply equipment for semiconductor and display production lines. On trailing figures to H1 2026 it reports revenue of about ₩165.6B, operating income of about ₩24.3B and a 14.7% operating margin, though revenue fell from its 2025 level of ₩196.2B. The share price of ₩11,810 is well below its 52-week high of ₩26,100.

What stands out

• Trailing operating margin is 14.7%, above the 12.6% recorded for full-year 2025, while trailing free cash flow is negative at about -₩12.3B.
• Cash of about ₩24.4B exceeds borrowings of about ₩4.9B, and liabilities are 23.1% of equity.
• Shares are down 22.2% over one year and 12.5% over one month, with a 52-week range of ₩9,850 to ₩26,100.
• The company's DCF-based fair value model gives a base value of ₩22,040, with a bear case of ₩14,430 and a bull case of ₩35,142; these are model outputs, not forecasts.
• Recent filings include a major sales or supply contract (June 2026), a change of largest shareholder (amended, June 2026) and several 5%+ holding reports; no news headlines were provided.

What to watch

• The next quarterly or annual filings, to see whether revenue recovers from the trailing decline and whether free cash flow turns positive.
• Further 5%+ holding reports and the amended largest-shareholder change, which may signal ownership shifts.
• Foreign ownership has slipped from 3.1% to 2.9% over about 60 days; the data does not explain why.