Udmtek유디엠텍

Udmtek is a small AI factory-software company with shrinking revenue, deep losses and a share price that has swung sharply over the past year.

Udmtek sells AI software for factory equipment, mainly to automotive, battery and electronics makers. In the trailing twelve months to H1 2026 it reported revenue of ₩3.4B against an operating loss of ₩2.5B and a net loss of ₩2.9B, and revenue fell 47.1% in 2025. The shares closed at ₩2,910 on 2026-10-27, with a market value of about ₩24.2B.

What stands out

• Revenue has declined sharply, from ₩6.1B in 2024 to ₩3.2B in 2025, and the operating margin was -72.1% on a trailing basis.
• The company had ₩6.4B in cash against ₩1.8B in borrowings, but free cash flow over the trailing period was negative at about -₩2.8B.
• The DCF fair value model gives a base value of ₩6 and a bear value of ₩183, far below the current share price, so the model output is hard to reconcile with the market price.
• Recent filings include a designation as an unfaithful disclosure company, a delisting notice, and a change of CEO in late September 2026, which point to governance and disclosure issues.
• The share price rose 81.5% over three months but was down 3.2% over one month and up only 0.2% over one year; foreign ownership is 0%.

What to watch

• Whether the unfaithful disclosure designation and the delisting filing are resolved, and what they mean for trading and listing status.
• Next periodic results, to see whether revenue stabilises and losses narrow from the H1 2026 trailing figures.
• Follow-up on the CEO change and the co-CEO structure, and any further shareholder or insider holding reports.