Soulbrain솔브레인

Soulbrain's trailing profits remain solid, but its share price has fallen sharply over the past month.

Soulbrain supplies chemical materials for semiconductor, display and battery manufacturing, with customers including Samsung Electronics and SK hynix. On trailing twelve-month figures to H1 2026 it reported revenue of ₩1.06T and operating income of ₩168B, a 15.8% operating margin. The shares closed at ₩318,000 on 2026-10-28, down 13.5% over one month but up 36.2% over three months and 14.6% over one year.

What stands out

• Trailing revenue of ₩1.06T is above the 2025 full-year figure of ₩923B, though operating margin of 15.8% is below the 19.5% reached in 2024.
• Full-year 2025 net income was ₩79B, down from ₩118B in 2024, while trailing net income to H1 2026 is ₩128B.
• Balance sheet looks conservative in the filings: liabilities-to-equity of 22%, cash of ₩252B and borrowings of ₩15B.
• The discounted cash flow model in the data gives a base value of ₩214,097 per share, below the current price, with a bear case of ₩144,756 and a bull case of ₩324,096. This is a model output, not a forecast.
• Valuation is around 19.4 times earnings and 2.2 times book, with a 0.7% dividend yield. Share price is 52-week high of ₩530,000 and low of ₩215,500.

What to watch

• The company's half-year report for June 2026 was filed on 2026-08-14; later results and the shareholder meeting details will show whether profit trends continue.
• Several 5%+ holding reports were filed between July and October 2026, and foreign ownership rose from 29.9% to 30.7% over the past 60 days; the purpose of these changes is not stated in the data.
• The data does not include any news headlines, and no analyst ratings or price targets are provided.