Envioneer엔바이오니아

Envioneer remains loss-making on trailing results, with the share price down sharply over the past year and no news coverage in the data.

Envioneer, a KOSDAQ-listed maker of nonwoven filters and battery-safety materials, reported trailing twelve-month revenue of ₩17.8B to H1 2026 but an operating loss of ₩4.7B and a net loss of ₩7.6B. The shares closed at ₩4,910 on 19 October 2026, about 62% lower over one year, and the company's market value is roughly ₩43.4B.

What stands out

• Revenue has been broadly flat to modestly up over 2021 to 2025, but losses have widened: 2025 operating margin was -43.6% and net loss was ₩9.3B.
• Trailing free cash flow was about -₩25.0B against cash of ₩7.8B and borrowings of ₩18.5B, and liabilities are 105.9% of equity.
• The stock trades at about 1.1 times book and 2.4 times sales, but earnings-based multiples are not meaningful because the company is loss-making, and it pays no dividend.
• Recent filings include an extraordinary shareholders' meeting, notice of stock purchase options, a conversion price adjustment and a new facility investment, though the filing titles alone do not show their size or terms.
• Foreign ownership is small at 3.7%, and net investor flows over the last 20 days are minor; no news headlines were available.

What to watch

• The half-year 2026 filings and any updated results, to see whether losses are narrowing from the trailing figures.
• Details of the stock purchase option grant and the conversion price adjustment, which could affect existing shareholders; the data does not give their terms.
• Funding needs, given negative free cash flow and debt exceeding cash; the data does not state any refinancing plans.