Kistron키스트론

Kistron trades near book value with solid trailing profit, but its share price is well below its 52-week high.

Kistron, a Korean electrical equipment company listed on KOSDAQ since June 2025, reported trailing twelve-month revenue of about ₩77.8B and net income of about ₩13.9B through H1 2026, with a net margin of 17.9%. At ₩4,185 the shares sit roughly 47% below their 52-week high of ₩7,820 and are down 11.9% over one year. The company profile is not available in the data, so business detail is limited to the figures and filing titles.

What stands out

• Trailing net income (₩13.9B) is well above operating income (₩8.8B), so non-operating or one-off items may be lifting the bottom line; the data does not explain the source.
• Valuation looks low on the numbers given: P/E about 5.4, P/B about 0.4, and a 1.2% dividend yield, against peers trading at much higher multiples.
• The discounted cash flow model gives a base value of ₩7,041 per share, with a bear case of ₩4,664 and a bull case of ₩11,013; these are model outputs, not forecasts.
• Cash of ₩25.6B exceeds borrowings of ₩1.0B, and liabilities are 14.2% of equity, indicating a conservative balance sheet.
• Foreign ownership rose from 2.2% to 3.4% over about 60 days, while retail investors were net sellers of about ₩709M over the last 20 days.

What to watch

• The next filed results and whether operating margin holds near the 11.3% trailing level, since 2025 full-year operating margin was 10.7%.
• Filings in recent weeks include a share sale in another company (October 20), a new facility investment disclosure (October 14), and a change of largest shareholder (August 11), so follow-up details matter.
• No news headlines were available in the data, and no analyst ratings or price targets are included.