Woongjin is a holding-style company classified under professional services, where its own operations combine on a consolidated basis with the results of IT, education, and other subsidiaries, so the group's overall revenue and profit flow and its subsidiaries' earnings drive the reported figures. A February 2026 filing confirmed annual revenue of about ₩1.2 trillion, operating profit of ₩78.1 billion, and net profit of ₩120.8 billion, and the recovery continued into Q1 with core revenue up 14% and operating profit up 151%, while the stock trades at a P/B of 0.80x, below book value. What stands out lately is that the low price relative to asset value becomes attractive when the core-business profit recovery continues quarter after quarter and financial stability holds, but the case weakens if normalized earnings—stripped of the large one-off items in last year's net profit—fail to keep pace with expectations, or if funding strains such as the consolidated debt ratio of 2,817% and current ratio of 89.5% come to the fore.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt far exceeds equity (debt ratio 2817.0%).
- Assets that can be turned to cash within a year fall short of near-term liabilities (current ratio 89.5%).
- Revenue rose 14.1% year over year, and the pace is quickening (3-year trend: mixed).
- Most recent quarter (Q1 2026) revenue was 29.5% higher than a year earlier.
- ROE is 67.9% (controlling-interest basis). It is above the sector average.
- Operating margin is 6.8%.
- The P/E sits below the sector median.
Ownership & governance As of 2025-12-31
Largest shareholder Yoon Sae-bom 16.3% (individual)
Controlling bloc incl. related parties 32.01%
With the controlling bloc holding 32%, the ownership structure is stable.
🔎 In-depth analysis
- Woongjin is a holding-style company classified under professional services.
- Because its own operations combine on a consolidated basis with the results of subsidiaries in IT, education, and other areas, the reported figures are driven by the group's overall revenue and profit flow and by its subsidiaries' earnings rather than by any single division.
- Since its market capitalization is not large, each subsidiary result and each funding- or share-related filing tends to show up relatively heavily in the company's overall finances and share count.
- The latest close is ₩1,950 and market capitalization is ₩155.9 billion.
- The price sits below the 20-day line (₩1,964) and below the 60-day line (₩2,323).
- Trading under both its short- and medium-term moving averages, the trend is on the soft side.
- The RSI (a supplementary gauge that weighs the strength of gains against losses over the past 14 days on a 0–100 scale) is 46.3, a neutral level.
- The one-month change is +2.1%, the three-month change is -25.6%, and the position versus the 52-week high is -62.0%.
- Relative strength against the KOSPI is 8 (1–99, converted from return versus the index over the past year with more weight on recent performance; higher means stronger than the market).
- That places it in roughly the top 93% of all stocks by strength.
- Over the past three months it lagged the index by 42.2%.
- Chart reading is best done alongside trading volume and the dates on which filings occurred.
- Recent annual revenue was about ₩1.2 trillion and operating profit was ₩78.1 billion, for an operating margin of 6.8%.
- Net profit was recorded at a large ₩120.8 billion, and the fact that net profit exceeds operating profit (₩78.1 billion) suggests non-core items such as revaluation of subsidiary stakes or one-off gains are likely mixed in.
- As a result, taking this net profit at face value as a year's earnings produces an abnormally low P/E of 1.18x—which is better read as a figure distorted by one-offs than as a sign the stock is cheap.
- By contrast, the P/B is 0.88x, meaning the price is set below the book value of the company's net assets.
- A forward P/E that reflects the core business's normalized earnings level shows the real yardstick once one-offs are stripped out.
- The debt ratio is 2,817.0% on a consolidated basis, which is high; much of this reflects the nature of a holding-style structure that consolidates subsidiaries' debt, but it is a line item that itself weighs on stability and should be watched.
- Annual revenue rose from about ₩1.02 trillion in 2023 and about ₩1.01 trillion in 2024 to about ₩1.2 trillion in 2025, up 14.1% and back on a growth track.
- Notably, operating profit jumped from ₩22.4 billion in 2023 to ₩31.1 billion in 2024 to ₩78.1 billion in 2025, up 151%, so profit improved even faster than revenue—the key point.
- The most recent quarter (Q1 2026) continued the core recovery, with revenue of ₩302.6 billion, up 29.5% year on year, and operating profit of ₩31.7 billion.
- For the full year as well, it is natural for revenue and operating profit to run above last year, since improving subsidiary results and revenue growth are showing up in quarterly figures.
- The forward P/E is derived from this normalized core-business earnings level and dovetails with a picture in which the strong Q1 revenue gain and operating-profit improvement carry through to the full year.
- That said, Q1 net profit (₩4.2 billion) fell sharply versus a prior year that carried large one-off gains—not because the core business weakened, but because of the high base a year earlier.
- On 2026-02-11, a filing on a change of 30% or more in revenue or profit/loss confirmed annual results—revenue of about ₩1.2 trillion, operating profit of ₩78.1 billion, and net profit of ₩120.8 billion.
- It is a document to read while checking whether it points the same way as the annual trend and whether one-offs are mixed into net profit.
- This was followed by a treasury-share disposal decision on 2026-03-26 and a disposal results report on 2026-03-30.
- A treasury-share disposal affects share count and cash flow, so checking the purpose and terms of the disposal and whether earnings and cash flow support it helps gauge the direction of the company's capital use.
- The strengths are clear.
- Core revenue rose 14% and operating profit jumped 151%, with the recovery continuing into Q1, so the earnings inflection is being confirmed in actual quarterly figures.
- The stock trades at a P/B of 0.80x, below book value, and the price has been pushed down sharply lately, moving apart from the core-business improvement.
- If the forward P/E that reflects normalized core earnings is filled in by future profit growth, the low price relative to asset value becomes an attractive factor.
- On the cautious side, because last year's net profit (₩120.8 billion) carried large one-offs, this year's net profit may naturally come down toward a core-earnings level, and the holding-style structure carries high debt and short-term liquidity strain, as seen in the consolidated debt ratio of 2,817% and current ratio of 89.5%.
- In short, this is a stock that is strong when the core-business profit recovery continues quarter after quarter and financial stability holds, and weak when normalized earnings—stripped of one-offs—fail to keep pace with expectations or when funding strains come to the fore.
🔎 Valuation vs peers Overvalued
A set of professional-services companies with market capitalizations near Woongjin's.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Yusu Holdings | 32.36x | 0.44x | 1.37% |
| Eco-i | 110.30x | 1.57x | 1.42% |
| Asia Holdings | 13.16x | 0.34x | 2.61% |
Within professional services, public-data peers with nearby market capitalizations were looked at first. The current P/E is 1.29x and the P/B is 0.88x. That said, smaller-cap names are heavily affected by earnings swings and funding-related filings, so no conclusion was drawn from last year's confirmed-results metrics alone. The basis for the outlook box is a DART seasonality approximation.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩1.3 trillion | ₩3.0 trillion | ₩6.5 billion |
| Next quarter | Q2 2026 | ₩324.3 billion | ₩1.3 trillion | ₩0.5 billion |
Price history Close · MA20 · MA60
The latest close is ₩1,950 and the market capitalization is ₩155.9 billion. The price sits below its 20-day moving average (₩1,964) and below its 60-day moving average (₩2,323). It is under both its short- and medium-term moving averages, so the trend looks subdued. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 46.3, a neutral level. The one-month change is +2.1%, the three-month change is -25.6%, and the position relative to the 52-week high is -62.0%. Relative strength versus the KOSPI is 8 (on a 1-99 scale, converted from returns against the index over the past year with more weight on recent performance; higher means stronger than the market). It is stronger than roughly 7% of all stocks. Over the past three months it lagged the index by 42.2%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
Relative performance stock vs index · start = 100
Excess return vs index · 3M -42.16% / 6M -51.00% / 12M -70.24%
Key metrics vs sector median
Valuation
The P/E of 1.29x is below the sector median (11.02x). The P/B of 0.88x is above the sector median (0.59x).
Enterprise value (EV)
EV = market cap + net debt. It reflects cash and debt, so it captures the real cost of the whole business that market cap alone misses; lower multiples are cheaper relative to earnings or sales.
Profitability & financials
Return on equity (ROE) is 67.9%, above the sector average (7.0%). The operating margin is 6.8%. The debt ratio is 2817.0%, so the financial structure is somewhat high.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $675.1M | $668.1M | $762.6M | +14.14% ↑ faster |
| Operating profit | $14.8M | $20.6M | $51.8M | +151.30% ↑ faster |
| Net profit | -$7.0M | $2.0M | $80.0M | +3832.31% |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $649.4M | $695.8M | $675.1M | $668.1M | $762.6M |
| Operating profit | $28.5M | $28.1M | $14.8M | $20.6M | $51.8M |
| Net profit | $15.2M | $5.4M | -$7.0M | $2.0M | $80.0M |
| Revenue CAGR | 4-yr avg 4.10% | ||||
Revenue rose 14.1% year over year (2023 ₩1.0 trillion → 2024 ₩1.0 trillion → 2025 ₩1.2 trillion), and the three-year trend is 'mixed'. The pace of growth also quickened from the prior year. Operating profit rose 151.3% year over year. Profit is growing at an accelerating pace. Over the 5 years on record, revenue compound annual growth (CAGR) is 4.1%. The two-year revenue CAGR is 6.3%. In the most recent quarter (Q1 2026), revenue was 29.5% higher than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- P/E and P/B are both low versus peers, so the price looks inexpensive relative to earnings and assets.
- ROE of 67.9% points to solid profitability.
- Revenue grew 14.1% year over year, a sign of growth.
Points to watch
- Debt far exceeds equity (debt ratio 2817.0%).
- Assets that can be turned to cash within a year fall short of near-term liabilities (current ratio 89.5%).
Recent news & events searched · sourced
- 2026-02-11EarningsChange of 30% or more in revenue or profit/loss (15% for large corporations): annual revenue ₩1.2 trillion, operating profit ₩78.1 billion, net profit ₩120.8 billionThis is recent confirmed or preliminary earnings data. Read it while checking whether it points the same way as the annual trend and whether one-off factors are present. Source
- 2026-03-30UpdateTreasury-share disposal results report: confirm return termsThis filing relates to a cash return or a change in share count. Check whether earnings strength and cash flow support it. Source
- 2026-03-26UpdateReport on material matters (treasury-share disposal decision): confirm return termsThis filing relates to a cash return or a change in share count. Check whether earnings strength and cash flow support it. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩1,950 | ₩1,950 | Confirmed | link |
| Latest quarterly results | revenue ₩302.6 billion, operating profit ₩31.7 billion | revenue ₩302.6 billion, operating profit ₩31.7 billion | Confirmed | link |
| Annual results | revenue ₩1.2 trillion, operating profit ₩78.1 billion | revenue ₩1.2 trillion, operating profit ₩78.1 billion | Confirmed | link |
| Earnings filing (original text) | revenue30%: revenue ₩1.2 trillion · operating profit ₩78.1 billion · net profit ₩120.8 billion | revenue30%: revenue ₩1.2 trillion · operating profit ₩78.1 billion · net profit ₩120.8 billion | Confirmed | link |
| Shareholder-return filing (original text) | : | : | Confirmed | link |
| Shareholder-return filing (original text) | : | : | Confirmed | link |
| Outlook-box basis | DART | DART | Confirmed | link |
Recent filings
- 2026-06-01Corporate governance report
- 2026-06-01Large-business-group status disclosure (amended)
- 2026-05-29Large-business-group status disclosure
- 2026-05-29Large-business-group status disclosure
- 2026-05-15PeriodicQuarterly report
- 2026-05-08OwnershipOwnership-change filing
- 2026-03-30OwnershipOwnership-change filing
- 2026-03-30OwnershipLargest-shareholder ownership change report
- 2026-03-30OwnershipOfficers'/major-shareholders' holdings report
- 2026-03-30OwnershipOfficers'/major-shareholders' holdings report
- 2026-03-30TreasuryTreasury-stock disposal decision
- 2026-03-27Disclosure
📖 Plain-language glossary — expand if you are new to this
- P/E
- How many times a year's net profit the price is worth (lower is cheaper relative to earnings). The P/E here is on trailing (last full-year) results; for companies whose earnings swing fast (memory chips and other cyclicals/high-growth), a forward P/E on this year's expected earnings is more accurate.
- P/B
- Price relative to net assets (equity). Around 1x means it trades near book value; below 1x means below book.
- P/S
- Price relative to a year's revenue — useful for growth companies with thin earnings.
- Net debt / EV
- Net debt = interest-bearing debt − cash. Negative means more cash than debt (net cash). EV (enterprise value) = market cap + net debt, closer to what it would cost to buy the whole business.
- EV/EBIT · EV/EBITDA · EV/Sales
- Enterprise value against operating profit (EBIT), EBITDA, or revenue. Unlike P/E these reflect debt and cash; lower is cheaper relative to earnings power or sales.
- FCF / FCF yield
- Free cash flow = operating cash − capex, the cash actually left over. FCF yield = FCF ÷ market cap; higher means more cash generated per unit of market value.
- Intrinsic value (DCF)
- Future free cash flow (or, for some capex-heavy but profitable names, forecast earnings) discounted to today to estimate per-share value. Because it shifts a lot with the discount-rate and growth assumptions, it is shown as a bear/base/bull range, and the basis and assumptions are disclosed in one line beneath it.
- ROE
- How much profit the company earns in a year on its equity (%). Higher means better returns on capital.
- EPS / BPS
- Earnings per share / net assets (book value) per share.
- Operating / net margin
- Profit left from the core business / final profit after tax and interest, per unit of revenue.
- Debt ratio
- Debt relative to equity (%). Higher means more reliance on borrowing (norms vary by sector).
- Current ratio
- Assets convertible to cash within a year against debt due within a year. Above 100% leaves some short-term headroom.
- Interest coverage
- How many times operating profit covers the interest owed. Below 1x means operating profit alone struggles to cover interest.
- Dividend yield / payout ratio
- The year's dividend as a % of today's price / the share of earnings paid out as dividends.
- Revenue CAGR
- Multi-year growth expressed as a single yearly average (compound annual growth rate).
- RSI (short-term signal)
- Whether recent price action is overheated or beaten down. Above 70 is overbought, below 30 oversold.
- MA20 / MA60 (moving averages)
- The 20- and 60-day average price. Price above them signals a firmer short-term trend.
- vs 52-week high
- How far below the past year's peak the price sits now (%).
All figures are for reference only; how they read varies by sector and over time.
Sources: Korea FSC market-price API (data.go.kr), OpenDART, KRX/KIND — public data only.
Bong Stocks presents public-data-based information for reference only. It is not investment advice and contains no target prices, ratings, or buy/sell recommendations. Verify independently before making any decision.