Amogreentech is a components and materials maker built on nanomaterial technology, producing nanocrystalline magnetic parts that cut power loss, heat-dissipation materials, thin flexible batteries, and water-treatment filter materials. As power-hungry, heat-intensive fields such as electric vehicles, energy storage, and communications equipment grow, demand for its products expands. A February 2026 disclosure and a March business report finalized annual figures of ₩130.6 billion in revenue, ₩9.4 billion in operating profit, and ₩5.9 billion in net profit, and the May quarterly report showed Q1 2026 revenue of ₩30.7 billion, operating profit of ₩1.6 billion, and net profit of ₩1.8 billion. What stands out lately is a two-sided picture: earnings passed a 2024 trough and more than doubled in 2025, leaving the forecast P/E below peers and ROE above the peer average, while a high debt ratio of 233.9% and a tight interest coverage ratio of 1.55x mean that if downstream demand cools again, the interest burden could be felt first.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt is somewhat higher than equity (debt ratio 233.9%).
- Revenue rose 1.6% year over year, and the pace is quickening (3-year trend: mixed).
- Most recent quarter (Q1 2026) revenue was 10.9% lower than a year earlier.
- ROE is 7.3% (total-net basis). It is above the sector average.
- Operating margin is 7.2%.
- P/B is low versus peers too, so it looks cheap on an asset basis as well.
Ownership & governance As of 2025-12-31
Largest shareholder Kim Byung-kyu 40.32% (individual)
Controlling bloc incl. related parties 45.99%
With the controlling bloc holding 46%, the ownership structure is stable.
🔎 In-depth analysis
- Amogreentech is a components and materials company built on nanomaterial technology.
- Its flagship product lines are nanocrystalline magnetic parts that handle current efficiently (high-efficiency cores and components that cut power loss), heat-dissipation materials that draw heat out of electronic devices, thin flexible-form batteries, and water-treatment filter materials.
- As power-hungry, heat-intensive fields such as electric vehicles, energy storage, and communications equipment grow, demand for the company's magnetic and heat-dissipation materials grows alongside them.
- With modest revenue (₩130.6 billion a year) and market capitalization (₩98.8 billion), it is a small- to mid-cap name, so a single disclosure on new orders, capital spending, or customer adoption tends to be reflected relatively heavily in earnings and the share price.
- The latest close is ₩5,910 and market capitalization is ₩97.5 billion.
- The price sits below its 20-day line (₩7,266) and its 60-day line (₩10,351).
- Trading beneath both the short- and medium-term moving averages, the trend looks subdued.
- The RSI (a supplementary gauge comparing upward and downward force over the past 14 days on a 0-100 scale) is 30.1, a neutral level.
- The one-month change is -32.5%, the three-month change is -30.5%, and the price stands -62.7% below its 52-week high.
- Relative strength versus the KOSDAQ is 70 (on a 1-99 scale, converting the past year's return against the index with more weight on recent performance; higher means stronger than the market).
- That places it in roughly the top 30% of all stocks by strength.
- Over the past three months it has lagged the index by 8.0%.
- Chart readings are best viewed alongside trading volume and disclosure dates.
- Recent annual revenue was ₩130.6 billion, operating profit ₩9.4 billion, and net profit ₩5.9 billion.
- The operating margin was 7.2% and ROE (how much was earned in a year on shareholders' equity) was 7.3%, above the peer average.
- On the surface, the P/E ratio (how many times a year's earnings the share price is) is 16.54x and the P/B ratio (how many times book value the share price is) is 1.20x.
- For a company like this, where earnings have bottomed and are climbing again, a forecast P/E reflecting the already-recovered current-year earnings is closer to the true picture.
- That forecast P/E is below the peer median, so our read also sees the valuation as undervalued.
- That said, the debt ratio (debt against shareholders' equity) is somewhat high at 233.9% and interest coverage (how many times operating profit covers interest) is 1.55x, leaving little cushion, so the balance sheet is best watched alongside whether the earnings recovery continues.
- Revenue slipped from ₩147.6 billion in 2023 to ₩128.6 billion in 2024, then edged back up to ₩130.6 billion in 2025.
- The earnings trend is more pronounced: operating profit sagged to ₩4.5 billion in 2024 before rising 109.9% to ₩9.4 billion in 2025, and net profit climbed 178% from ₩2.1 billion to ₩5.9 billion.
- This reflects downstream demand in areas such as electric vehicles, energy storage, and communications reviving, which restored utilization and adoption of high-value magnetic and heat-dissipation materials; it reads as an earnings-recovery phase past a trough rather than a one-year rebound.
- Cumulative Q1 2026 showed revenue of ₩30.7 billion and operating profit of ₩1.6 billion, down 10.9% and 11.3% year on year, but net profit was up 14.1%, so the bottom line held better than the top line.
- For reference, the company's profit tends to weight toward the second half, so it is hard to judge the full year from Q1 alone.
- There is also no evidence that earnings from next year onward will fall below this year's, so it is premature to view the current level as a cycle top.
- Disclosures have run earnings-centric.
- On February 25, 2026, a disclosure on changes in the profit-and-loss structure first confirmed annual revenue of ₩130.6 billion, operating profit of ₩9.4 billion, and net profit of ₩5.9 billion, and the March 18, 2026 business report (2025.12) finalized the same annual results.
- The May 15, 2026 quarterly report then disclosed Q1 2026 revenue of ₩30.7 billion, operating profit of ₩1.6 billion, and net profit of ₩1.8 billion.
- Since all are finalized or periodic filings, checking against the original text for whether they point the same way as the annual recovery and whether any one-off factors are mixed in helps pin down the trend more accurately.
- The strengths are clear.
- Earnings passed a 2024 trough and more than doubled in 2025, and the forecast P/E reflecting that recovery is below peers, placing the share price cheap against both earnings and assets.
- ROE also runs above the peer average, and the price has fallen more than 60% from its 52-week high, so earnings and price have diverged.
- What to watch alongside is the balance sheet.
- With a high debt ratio of 233.9% and a tight interest coverage ratio of 1.55x, a continued earnings recovery would spotlight the discount, but a renewed downturn in downstream demand could make the interest burden felt first.
- In short, when demand tied to power and heat holds and the earnings recovery sustains, the cheap valuation works as a strength; when demand cools or funding pressure builds, the high debt shows through as a weakness.
🔎 Valuation vs peers Undervalued
Compared against electronic components and display names with nearby market capitalization.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Sarnics | — | 1.29x | -35.45% |
| Elansys | 26.50x | 2.08x | 7.86% |
| RS Automation | — | 1.98x | -6.83% |
Within electronic components and display, we prioritized public-data comparables with nearby market capitalization. The current P/E ratio (how many times a year's earnings the share price is) is 16.54x and the P/B ratio (how many times book value the share price is) is 1.20x. That said, because smaller-cap names are heavily swayed by earnings swings and capital-raising disclosures, we did not draw firm conclusions from last year's finalized figures alone. The forecast box is based on a DART seasonality approximation.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩123.8 billion | ₩7.7 billion | ₩8.0 billion |
| Next quarter | Q2 2026 | ₩33.1 billion | ₩2.7 billion | ₩2.1 billion |
Price history Close · MA20 · MA60
The latest close is ₩5,910 and the market capitalization is ₩97.5 billion. The price sits below its 20-day moving average (₩7,266) and below its 60-day moving average (₩10,351). 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 30.1, a neutral level. The one-month change is -32.5%, the three-month change is -30.5%, and the position relative to the 52-week high is -62.7%. Relative strength versus the KOSDAQ is 70 (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 70% of all stocks. Over the past three months it lagged the index by 8.0%. 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 -8.03% / 6M +16.65% / 12M -9.01%
Key metrics vs sector median
Valuation
The P/E of 16.54x is in line with the sector median (18.61x). The P/B of 1.20x is below the sector median (1.63x).
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.
Intrinsic value (DCF estimate)
DCF (discounted cash flow) estimate — discount rate 10.4%, initial growth 4.0%→terminal 2.0%, 10-yr forecast, free-cash-flow basis. A reference range that shifts materially with assumptions.
Profitability & financials
Return on equity (ROE) is 7.3%, in line with the sector average (7.0%). The operating margin is 7.2%. The debt ratio is 233.9%, so the financial structure is somewhat high.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $97.8M | $85.2M | $86.6M | +1.58% ↑ faster |
| Operating profit | $8.1M | $3.0M | $6.2M | +109.87% ↑ faster |
| Net profit | $8.6M | $1.4M | $3.9M | +178.05% ↑ faster |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $80.9M | $94.2M | $97.8M | $85.2M | $86.6M |
| Operating profit | $1.2M | $5.9M | $8.1M | $3.0M | $6.2M |
| Net profit | $1.8M | $7.6M | $8.6M | $1.4M | $3.9M |
| Revenue CAGR | 4-yr avg 1.70% | ||||
Revenue rose 1.6% year over year (2023 ₩147.6 billion → 2024 ₩128.6 billion → 2025 ₩130.6 billion), and the three-year trend is 'mixed'. The pace of growth also quickened from the prior year. Operating profit rose 109.9% year over year. Profit is growing at an accelerating pace. Over the 5 years on record, revenue compound annual growth (CAGR) is 1.7%. The two-year revenue CAGR is -5.9%. In the most recent quarter (Q1 2026), revenue was 10.9% lower 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.
Points to watch
- The figures shown are based on the last annual report as of the writing date, so it is best to review the latest quarterly results and filings alongside them.
Recent news & events searched · sourced
- 2026-02-25EarningsChange of 30% or more (15% for large corporations) in revenue or profit-and-loss structure: annual revenue ₩130.6 billion, operating profit ₩9.4 billion, net profit ₩5.9 billionThis is recent finalized or preliminary earnings data. Check whether it points the same way as the annual trend and whether any one-off factors are involved. Source
- 2026-05-15EarningsQuarterly report (2026.03): Q1 2026 revenue ₩30.7 billion, operating profit ₩1.6 billion, net profit ₩1.8 billionThis is recent finalized or preliminary earnings data. Check whether it points the same way as the annual trend and whether any one-off factors are involved. Source
- 2026-03-18EarningsBusiness report (2025.12): revenue ₩240,000, operating profit ₩10.7 billion, net profit ₩7.1 billionThis is recent finalized or preliminary earnings data. Check whether it points the same way as the annual trend and whether any one-off factors are involved. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩5,910 | ₩5,910 | Confirmed | link |
| Latest quarterly results | revenue ₩30.7 billion, operating profit ₩1.6 billion | revenue ₩30.7 billion, operating profit ₩1.6 billion | Confirmed | link |
| Annual results | revenue ₩130.6 billion, operating profit ₩9.4 billion | revenue ₩130.6 billion, operating profit ₩9.4 billion | Confirmed | link |
| Earnings disclosure (original text) | revenue30%: revenue ₩130.6 billion · operating profit ₩9.4 billion · net profit ₩5.9 billion | revenue30%: revenue ₩130.6 billion · operating profit ₩9.4 billion · net profit ₩5.9 billion | Confirmed | link |
| Earnings disclosure (original text) | (2026.03): 2026 1 revenue ₩30.7 billion · operating profit ₩1.6 billion · net profit ₩1.8 billion | (2026.03): 2026 1 revenue ₩30.7 billion · operating profit ₩1.6 billion · net profit ₩1.8 billion | Confirmed | link |
| Earnings disclosure (original text) | (2025.12): revenue 24 · operating profit ₩10.7 billion · net profit ₩7.1 billion | (2025.12): revenue 24 · operating profit ₩10.7 billion · net profit ₩7.1 billion | Confirmed | link |
| Basis of the forecast box | DART | DART | Confirmed | link |
Recent filings
- 2026-06-10Shareholders' meeting notice
- 2026-05-26Disclosure
- 2026-05-26Shareholders' meeting notice
- 2026-05-15PeriodicQuarterly report
- 2026-04-29OwnershipOfficers'/major-shareholders' holdings report
- 2026-04-20Shareholders' meeting notice
- 2026-04-20Disclosure
- 2026-03-26Shareholders' meeting notice
- 2026-03-18PeriodicAnnual business report
- 2026-03-18Audit report
- 2026-03-13Amended filing
- 2026-03-10Disclosure
📖 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.