Cntus씨앤투스

Cntus remains loss-making on a trailing basis, with revenue shrinking and the share price down sharply over the past year.

Cntus, a Korean filter materials and air and water filter maker, reported trailing twelve-month revenue of about ₩62.5B to H1 2026, an operating loss of ₩8.5B and a net loss of ₩12.1B. Revenue has fallen from ₩170.9B in 2021, and the shares trade near ₩1,393, about 41% lower over one year. The data does not include any news headlines, analyst views or earnings guidance.

What stands out

• Operating margin was -13.6% on a trailing basis, after profitable years in 2021 and 2022 and a small profit in 2024.
• Free cash flow was negative at about -₩11.3B, while cash of ₩14.1B exceeded borrowings of ₩3.1B.
• Price-to-book is about 0.2 and the company pays no dividend; price-to-earnings is not meaningful because earnings are negative.
• The DCF fair value model gives a base of ₩827, a bear of ₩485 and a bull of ₩1,530, which sits below the current price in the base case.
• Filings in recent months are mostly 5%+ holding reports, plus a merger completion report dated 1 September 2026 and the half-year report for June 2026.

What to watch

• The next periodic results and whether operating losses narrow from the trailing level.
• Details of the merger noted in the September 2026 filing, which the data does not explain.
• Continued cash burn, since free cash flow is negative and the company carries borrowings.