GnBS eco지앤비에스 에코

GnBS eco's trailing profits have rebounded sharply after a weak 2025, while the share price has risen strongly over the past year.

GnBS eco makes exhaust-gas and dust treatment equipment for semiconductor, solar, display and power plant customers. Trailing twelve-month results to H1 2026 show revenue of ₩126B and net income of ₩21.6B, well above its 2025 full-year levels. At ₩5,570 the shares sit between their 52-week low and high, and the data shows a DCF base value of ₩9,006 under the stated model assumptions.

What stands out

• Trailing revenue is about ₩126B with a 15.2% operating margin and 17.1% net margin, compared with an 8.4% operating margin in 2025.
• Revenue grew 29.9% in 2025 after falling 20.8% in 2024, so the business has been volatile year to year.
• Reported P/E is 8.2 and P/B is 1.4, with a 2.2% dividend yield; the data shows the price up 76% over one year.
• Foreign ownership fell from 15.9% to 4.9% over about 60 days, while foreign investors recorded net selling of about ₩4.4B over 20 days.
• Recent filings include a major sales or supply contract (June 2026), a cash dividend decision (July 2026) and several 5%+ holding reports; no news headlines were included in the data.

What to watch

• The Q3 2026 quarterly report and whether margins hold near trailing levels.
• Details of the June 2026 supply contract and the convertible bond issue referenced in May 2026 filings.
• Concentration in semiconductor and solar customers and exposure to China and India, which the data names but does not quantify.