DK Tech디케이티

DK Tech's trailing revenue and operating profit held up through H1 2026, but the stock has risen sharply over the past year and free cash flow was negative.

DK Tech makes flexible printed circuit assemblies for smartphone displays, wearables, automotive electronics and EV battery management systems, producing largely through its Vietnam subsidiary. On a trailing basis to H1 2026 it reported about ₩484B revenue, ₩29.8B operating income and a 6.1% operating margin, with a closing price of ₩25,900 on 2026-10-23. The data does not include any analyst ratings or price targets.

What stands out

• Trailing revenue of about ₩484B is above the 2025 full-year figure of about ₩426B, while trailing operating margin of 6.1% is above 2025's 5.1%.
• Trailing net income of about ₩37.4B is well above operating income, and the data does not explain the gap.
• Trailing free cash flow is negative at about -₩17.6B, and borrowings of about ₩81.6B exceed cash of about ₩66.1B.
• The share price is up 240.3% over one year and 21.6% over three months, and sits between its 52-week low of ₩6,660 and high of ₩34,950.
• Recent filings include two debt guarantee decisions for other parties, the first in April and the second in September 2026; the data does not give their size or counterparties.

What to watch

• The next results for the period to September 2026, and whether free cash flow turns positive given the trailing deficit.
• Further decisions on guarantees for other parties, and the amount of debt the company carries for them.
• The DCF-based fair value in the data is ₩18,021 in the base case, below the current price of ₩25,900; the model's inputs and assumptions are not included in the data.