Rothwell International로스웰

Rothwell International's revenue has grown fast since 2021, but margins are thin and the share price has run up sharply.

Rothwell International makes automotive electronics through its subsidiary Kangsu Loswell, plus GPON home terminal devices, which make up most of its revenue. Trailing twelve-month revenue to H1 2026 was ₩4.87T, with operating income of ₩105B (2.2% margin) and net income of ₩147B. The share price closed at ₩1,865 on 2026-10-15, with a market cap of ₩85.8B.

What stands out

• Revenue rose from ₩166B in 2021 to ₩3.82T in 2025, but operating margin fell from 3.8% in 2024 to 1.5% in 2025.
• Trailing free cash flow was negative at about ₩-209B, and liabilities are 115.5% of equity.
• Cash of ₩398B is reported, with no borrowings listed in the data.
• Valuation is very high: trailing P/E is 583x and P/B is 59x, far above the peer banks and holding companies shown (P/E 3x to 9x).
• The share price is up 83.7% over one year, though it is only 0.2% higher over one month and well below its 52-week high of ₩2,145.
• The filings list an H1 2026 half-year report, Q1 2026 quarterly report and April 2026 AGM results, but no recent news headlines are in the data.

What to watch

• The next filings and results, including the Q3 2026 quarterly report, and whether margins recover from the 2025 level.
• Whether free cash flow turns positive, given the negative trailing figure.
• The GPON business, which the company describes as the large majority of revenue, and any change in its customer or supply arrangements.