Dozn더즌

Dozn is profitable on a trailing basis, but its shares have fallen sharply over the past year.

Dozn, a Korean KOSDAQ-listed company in digital banking, FX and data solutions, reported trailing twelve-month revenue of ₩60.7B and operating income of ₩15.4B to H1 2026, with a 25.5% operating margin. The share price closed at ₩2,295 on 2026-10-28, down 44.8% over one year but up 38.1% over three months, and it sits well below its 52-week high of ₩5,530. The data does not include any analyst ratings or forecasts.

What stands out

• Trailing net income of ₩11.7B and free cash flow of ₩79.5B compare with a market cap of about ₩164.7B.
• Cash of ₩164.9B exceeds borrowings of ₩4.2B, although total liabilities are 180.4% of equity.
• Valuation now shows a P/E of 14 and P/B of 2.2, while the company's own DCF base value is ₩5,117 (bear ₩4,214, bull ₩6,552), well above the current price.
• Foreign ownership fell from 2.3% to 1.5% over about 60 days, and retail investors were net sellers over the last 20 days.
• Recent filings include preliminary and half-year results for 2026, a cash dividend decision in July, and a 5%+ holding report in September; no recent news headlines were provided.

What to watch

• Q3 2026 results and any update to the trailing margins, since the data covers only H1 2026.
• The timing and amount of the interim dividend, which currently gives a 1.3% yield.
• Share price volatility and the high-leverage balance sheet, as the company has been subject to large swings over the past year.