Innotena이노테나

Innotena's trailing profit has recovered to a modest level, but its shares are down about 25% over the past year.

Innotena is a Korean software company selling integration, cloud document security and monitoring products, with its Mpower Cloud platform used for a government smart work service. On trailing figures to H1 2026 it has revenue of about ₩28.8B...

What stands out

• Trailing revenue is about ₩28.8T with a 5.7% operating margin and a 6.6% net margin, against 2025 full-year revenue of about ₩30.0T and operating margin of 6.6%.
• 2025 revenue grew 7.1% after 13.7% growth in 2024, but operating income fell from about ₩2.0T in 2024 to about ₩2.0T in 2025 while margins stayed in the mid-single digits; 2023 margin was only 2.9%.
• At ₩5,670 the shares trade at about 14.7x trailing earnings and 1.2x book, with a 0.4% dividend yield; the data gives a DCF base value of ₩3,012, below the current price.
• Trailing cash is about ₩2.7T with no borrowings reported, and liabilities are 29.4% of equity; trailing free cash flow is about ₩0.7T.
• Recent filings include a buyback trust contract, a convertible bond issue decision, and an interim dividend record date decision, while the data contains no news headlines.

What to watch

• The next half-year or full-year results and whether operating margin recovers from the trailing 5.7% level.
• Details of the convertible bond issue and the buyback trust, including any effect on share count and dilution.
• The interim dividend payment and any further filings, since the data does not include analyst forecasts or guidance.