Point Mobile포인트모바일

Point Mobile's trailing profit looks healthier on paper, but the share price has fallen sharply over the past year and free cash flow is negative.

Point Mobile, a Korean maker of industrial mobile computers and POS terminals with more than 85% of revenue from exports, reported trailing twelve-month revenue of ₩104B to H1 2026 and net income of ₩14B. Its share price closed at ₩2,330 on 2026-10-19, down 46.7% over one year and 13.2% over one month, and it sits well below its 52-week high of ₩5,820. Trailing free cash flow was negative at about -₩10.5B, and borrowings of ₩15.3B exceed cash of ₩14.3B.

What stands out

• Trailing operating margin is 9.8% and net margin is 13.6%, a clear improvement from 2025's 3.4% operating margin and 2024's operating loss.
• Net income is well above operating income, so the profit figure may rely on items beyond core operations; the data does not explain the gap.
• Valuation metrics are low, with P/E around 2 and P/B around 0.5 on the data given, and a 4.3% dividend yield is shown, though the data does not explain the reasons for the discount.
• Liabilities are 115.1% of equity, and the company has more borrowings than cash.
• Foreign ownership fell from 3.6% to 3.0% over 60 days, and 20-day flows show foreign and institutional net selling with retail net buying.
• The data includes no recent news headlines, and recent filings are routine items such as the half-year report, quarterly report and shareholding reports.

What to watch

• The next filings and results that will show whether the improved trailing profit and negative free cash flow continue.
• Changes in the debt position, given borrowings above cash and high liabilities relative to equity.
• Further 5%+ holding reports and foreign ownership trends, which may signal shifts in major shareholders.