Truen트루엔

Truen remains solidly profitable with high margins, but revenue has been falling and the share price is well below its 52-week high.

Truen makes digital video surveillance systems and EGLOO-branded IoT home products. Trailing results to H1 2026 show revenue of about ₩49.1B, operating income of about ₩12.9B and net income of about ₩12.5B, with a large cash balance of ₩50.9B against borrowings of only ₩0.4B. The share price closed at ₩7,000 on 2026-10-26, up 23.9% over three months but down 15.9% over one year.

What stands out

• Revenue fell 8.4% in 2025 to about ₩49.1B after growing 13.6% in 2024, while operating margin stayed high at 27%.
• Valuation looks low on the data given: P/E of 5.9 and P/B of 0.7, with a 2.9% dividend yield, though the filings do not give a forecast for future earnings.
• The company's DCF-based fair value model gives a base of ₩22,578, bear ₩17,497 and bull ₩30,844, but these are model outputs, not forecasts or targets.
• Recent headlines focus on the in-house development of the Igloo AI home cam and the CEO buying more company shares in October 2026.
• Foreign ownership rose from 3.7% to 4.4% over about 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The 2026 full-year results and the next quarterly report, since the data only shows results to H1 2026 and revenue has recently declined.
• Product expansion for the Igloo S8 PRO and other AI home cameras, which the company says will grow its lineup.
• Ongoing filings on share acquisitions under trust agreements and insider shareholding reports, which may indicate changes in ownership.