SSR에스에스알

SSR's trailing results have swung into losses in the first half of 2026, after a profitable 2025, and the shares are well below their 52-week high.

SSR is a Korean information security firm offering security consulting and its own vulnerability diagnosis tools. On a trailing basis to H1 2026 it reported revenue of ₩10.6B... wait, correction: revenue of ₩10.6B is not right in scale, so the trailing revenue stands at ₩10.6B and it posted an operating loss of ₩0.8B and a net loss of ₩2.7B. The shares closed at ₩3,165 on 2026-10-26, about 33% below the 52-week high of ₩4,750 but well above the low of ₩2,115.

What stands out

• Trailing revenue is ₩10.6B, while the trailing operating loss is ₩0.8B (margin -7.6%) and the net loss is ₩2.7B (margin -25.1%).
• FY2025 was profitable at the operating line (₩754M, 6.7% margin) but reported a net loss of ₩814M, so the bottom line has been weak even in the better year.
• Trailing free cash flow is negative at ₩-792M, though cash is ₩1.9B with zero borrowings.
• The DCF fair value model gives a base of ₩2,930, a bear of ₩2,376 and a bull of ₩3,915; these are model outputs, not forecasts.
• Recent filings include a rights offering amendment, a securities issuance result, a business transfer completion and treasury share trust termination, but no news headlines were provided.

What to watch

• Next results will show whether the H1 2026 losses continue into the full year, since trailing profit has turned negative.
• Follow-up on the rights offering and securities issuance, which may affect the share count and per-share figures.
• Foreign ownership has fallen from 4.2% to 3.3% over 60 days; the data does not explain the reason.