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OCI's share price has fallen sharply over the past month, while trailing profits are thin and debt is high.

OCI, a Korean chemicals group with businesses in basic chemicals, carbon chemicals and solar power, reported trailing revenue of about ₩1.99T to H1 2026 but a net margin of only 0.4%. Its 2025 net loss of ₩62.6B followed a profitable 2024, and liabilities are about 97.5% of equity. The shares closed at ₩59,800 on 23 October 2026, down 22.2% over one month and well below the 52-week high of ₩163,200.

What stands out

• Trailing operating margin is 3.2% and net income is ₩8.6B, so profitability is very thin.
• Borrowings of ₩800B exceed cash of ₩273B, and trailing free cash flow is negative at about -₩35B.
• The data's DCF base value is ₩45,501, which is below the current price, while the bull value is ₩303,086; the bear value shows 0, which looks unreliable and should not be read as a meaningful estimate.
• Recent headlines link OCI to US solar tariffs and export curbs on Chinese-bound goods, which news outlets say could benefit it; these are press views, not company guidance.
• Filings in late September 2026 include a trading halt and a major matters report on business suspension, with several related-party transaction notices; the data does not explain the suspension's scope.

What to watch

• The reason and duration of the business suspension and trading halt reported on 29 September 2026, which the data does not explain.
• Next periodic results and any change to the thin margins, negative free cash flow or debt levels.
• Whether the US solar tariff developments named in the news translate into actual revenue for OCI.