Model Solution모델솔루션

Model Solution shows solid trailing profitability, but its share price has fallen sharply over the past year.

Model Solution is a Korean prototyping and small-batch manufacturing company listed on KOSDAQ. On trailing twelve-month figures to H1 2026 it reported revenue of ₩80B...

What stands out

• Trailing revenue is about ₩80.4B with operating income of about ₩8.3B, an operating margin of 10.3%, and net income of about ₩7.2B.
• 2025 revenue rose 13.1% to ₩76.5B, after a weak 2023 when revenue fell 3.6%.
• The share price closed at ₩9,540, down 25.5% over one year and 13.3% over three months, near its 52-week low of ₩8,560 and well below the high of ₩31,500.
• The data shows a trailing P/E of 8.4, P/B of 0.8, and a dividend yield of 2.9%, with cash of about ₩12.2B and no borrowings reported.
• The internal DCF model gives a base value of ₩20,326, bear ₩13,926 and bull ₩31,287; this is a model output, not a forecast or recommendation.
• Recent filings include the October 2026 extraordinary shareholders' meeting, and news reports say the company is expanding its beauty device ODM business.

What to watch

• Upcoming quarterly or annual results and whether margins hold near the trailing 10% level.
• Outcome and details of the shareholders' meeting resolutions and the beauty device ODM expansion.
• Foreign ownership has slipped to 2.9% from 3.1% over 60 days, and foreign investors were net sellers over the last 20 days, which is worth monitoring.