Nextin넥스틴

Nextin's revenue and profits have fallen sharply from their 2022-2024 peak, and trailing results remain loss-making.

Nextin makes semiconductor wafer defect inspection equipment. Trailing twelve-month results to H1 2026 show revenue of ₩55.4B, an operating loss of ₩13.5B and a net loss of ₩5.0B, with negative free cash flow of ₩43.9B. The share price closed at ₩27,850 on 2026-10-23, down 53.3% over one year, and sits well below its 52-week high of ₩100,400.

What stands out

• Revenue fell 41.2% in 2025 to ₩66.9B after peaking at ₩114.9B in 2022 and ₩113.7B in 2024, and operating income swung from a ₩47.0B profit in 2024 to a ₩1.2B loss in 2025.
• Trailing borrowings of ₩83.5B exceed cash of ₩20.2B, and liabilities are 76.1% of equity.
• The filings list a major sales or supply contract on 2026-10-06 and another on 2026-03-26, but the data does not give contract values or customers.
• Trailing P/E is not meaningful because earnings are negative; P/B is about 2.0 and the dividend yield is 1.8%.
• The DCF base fair value in the data is ₩6,789 per share, well below the current price of ₩27,850; the data gives a bear value of ₩2,974 and a bull value of ₩12,873.
• Foreign ownership is little changed at 16.1% versus 16.2% sixty days earlier, and recent 20-day flows show foreign and institutional net selling with retail net buying.

What to watch

• The next quarterly or annual results, to see whether losses narrow and whether free cash flow improves from the trailing ₩43.9B outflow.
• Disclosure of details on the October 2026 supply contract, such as value and timing, which the current data does not include.
• Debt levels against cash, since borrowings are well above cash in the trailing figures; the data names no specific repayment schedule.