LG HelloVision is a full-service cable operator that bundles cable TV, high-speed internet, an MVNO (budget mobile) service, regional channels and advertising and sells the package to subscribers. It provides broadcasting and telecom services across multiple regions of the country, with monthly service fees forming the base of its revenue, and as part of the LG Uplus group it runs on shared telecom infrastructure and bundled products. First-quarter 2026 figures came through as a confirmed trend at ₩255.4 billion in revenue, ₩5.1 billion in operating profit and ₩3.0 billion in net profit, and the company holds credit grades of AA- on its corporate bonds and A1 on its commercial paper. The point worth watching lately is that a company which swung from a large 2024 loss to a 2025 profit and holds ₩452.7 billion of net assets trades at a market cap of ₩123.9 billion (a P/B of 0.27x), a clear asset-based discount; against that, its 1.5% operating margin and 0.9x interest coverage make profitability still thin, and the smaller top line in Q1 means it is worth checking whether the return to profit holds quarter after quarter.
At-a-glance assessment financial health · growth · profitability · valuation
- Operating profit barely covers the interest bill (interest coverage below 1x).
- Revenue rose 5.8% year over year, and the pace is quickening (3-year trend: rising).
- Net profit swung from a loss a year earlier back into the black (a turnaround).
- Most recent quarter (Q1 2026) revenue was 18.5% lower than a year earlier.
- ROE is 0.4% (controlling-interest basis). It is below the sector average.
- Operating margin is 1.5%.
- The P/E sits above the sector median, reflecting elevated expectations.
Ownership & governance As of 2025-12-31
Largest shareholder LG Uplus 58.61% (corporate)
Controlling bloc incl. related parties 58.61%
With the controlling bloc holding 59%, control is very secure but the free float is thin.
🔎 In-depth analysis
- LG HelloVision is a full-service cable operator that bundles cable TV, high-speed internet, an MVNO (budget mobile) service, regional channels and advertising and sells the package to subscribers.
- It provides broadcasting and telecom services across multiple regions of the country, with the monthly fees it collects forming the base of its revenue.
- As part of the LG Uplus group, it operates on shared telecom infrastructure and bundled products.
- Its credit grades stand at AA- on corporate bonds and A1 on commercial paper (as of early 2026), so its funding-side creditworthiness is relatively stable.
- As a small- to mid-cap stock with a ₩123.9 billion market cap, it helps to watch not only the business itself but also how each quarterly earnings or funding disclosure feeds through to the metrics.
- The latest close is ₩1,550 and the market cap is ₩120.0 billion.
- The price sits below its 20-day line (₩1,834) and below its 60-day line (₩2,165).
- Trading beneath both its short- and medium-term moving averages, the trend is on the soft side.
- RSI (a supplementary gauge that weighs upward against downward force over the past 14 days on a 0-100 scale) is 31.4, a neutral level.
- The one-month change is -29.4%, the three-month change is -30.5%, and the position relative to the 52-week high is -53.2%.
- Relative strength versus the KOSPI is 4 (on a 1-99 scale, converting the past year's return against the index with more weight on recent periods; higher means stronger than the market).
- That places it in roughly the top 97% of all stocks by strength.
- Over the past three months it has lagged the index by 45.1%.
- Chart reading is best done alongside volume and the dates of disclosures.
- The most recent annual revenue is ₩1.3 trillion, with operating profit of ₩18.7 billion and net profit of ₩1.8 billion.
- The 1.5% operating margin and 0.4% ROE (how much the company earns on its equity in a year) show that profitability itself is still thin.
- The debt ratio (debt against equity) is 179.6% and interest coverage (how many times operating profit can cover interest) is 0.9x, a level where operating profit alone is tight to cover interest in full.
- Meanwhile the P/E ratio (how many times a year's earnings the share price is) of 67.39x looks high, but that is not because the shares are expensive; it is because, just after the return to profit, the net profit in the denominator (₩1.8 billion) is still very small.
- For the same reason, the P/E figure can fall quickly as the profit normalizes, so it is hard to read the current trailing P/E straight as a burden.
- What stands out instead is the P/B (how many times book value the share price is) of 0.27x, meaning the stock trades at about a quarter of the net assets it holds (₩452.7 billion of shareholders' equity).
- Revenue rose for three straight years, from ₩1.19 trillion in 2023 to ₩1.27 trillion in 2025 (+5.8% year on year, with the pace of growth quickening), and operating profit also recovered +39.0%, from ₩13.5 billion in 2024 to ₩18.7 billion in 2025.
- Above all, the key point is that net profit swung from a ₩106.2 billion loss in 2024 to a ₩1.8 billion profit in 2025 (a turnaround).
- That said, the latest quarter, Q1 2026, showed a shrinking top line at ₩255.4 billion in revenue (-18.5% year on year) and ₩5.1 billion in operating profit (-28.4%), so the recovery is not yet flowing smoothly quarter by quarter.
- Stable fee revenue from a base of MVNO and internet bundle subscribers provides the foundation, but because the cable TV market itself is structurally mature and stagnant, the near-term focus is on cost efficiency and holding onto profit rather than large top-line growth.
- Disclosures center on quarterly earnings releases.
- On May 7, 2026 a fair-disclosure of preliminary consolidated operating results showed Q1 revenue of ₩255.4 billion, operating profit of ₩5.1 billion and net profit of ₩3.0 billion as a confirmed trend, and earlier a settlement-results notice on April 29 and a fair-disclosure of preliminary results on February 5 guided the same quarter's figures step by step.
- It helps to check with each disclosure whether it points in the same direction as the annual trend and whether any one-off factors are mixed in.
- This is a stock where strengths and weaknesses clearly divide.
- There are two strengths: the swing from a large 2024 loss to a 2025 profit, and the fact that the shares trade at just 0.27x book (P/B), a marked discount on an asset-value basis.
- With neighboring broadcasting-sector names spread across a P/B of 0.15-0.36x, a company holding ₩452.7 billion of net assets trading at a ₩123.9 billion market cap reads as a clear undervaluation from an asset-value standpoint.
- The weakness is that profitability is still thin: a 1.5% operating margin and 0.9x interest coverage make it early to say earnings power has thickened enough, and the smaller Q1 top line is worth watching too.
- In short, the appeal of the asset-based discount stands out when the return to profit continues quarter after quarter, earnings thicken and the subscriber base holds; conversely, if the profit recovery stalls or the top line keeps shrinking, the thin profitability could weigh back.
🔎 Valuation vs peers Overvalued
Broadcasting-sector names close in market cap.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| KT Skylife | 28.46x | 0.36x | 1.28% |
| SBS | 28.19x | 0.17x | 0.62% |
| CJ ENM | 25.31x | 0.27x | 1.06% |
We looked first at public-data comparables close in market cap within broadcasting. The current P/E (how many times a year's earnings the share price is) is 67.39x and the P/B (how many times book value the share price is) is 0.27x. That said, for lower-market-cap names, earnings swings and funding disclosures carry a large effect, so we did not draw firm conclusions from last year's confirmed-results metrics alone. The forecast box is based on DART seasonality approximations.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩1.1 trillion | ₩20.7 billion | — |
| Next quarter | Q2 2026 | ₩274.8 billion | ₩6.1 billion | — |
Price history Close · MA20 · MA60
The latest close is ₩1,550 and the market capitalization is ₩120.0 billion. The price sits below its 20-day moving average (₩1,834) and below its 60-day moving average (₩2,165). 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 31.4, a neutral level. The one-month change is -29.4%, the three-month change is -30.5%, and the position relative to the 52-week high is -53.2%. Relative strength versus the KOSPI is 4 (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 3% of all stocks. Over the past three months it lagged the index by 45.1%. 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 -45.13% / 6M -58.45% / 12M -76.47%
Key metrics vs whole-market median
Valuation
The P/E of 67.39x is above the whole-market median (13.81x). The P/B of 0.27x is below the whole-market median (1.15x).
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 0.4%, below the whole-market average (5.0%). The operating margin is 1.5%. The debt ratio is 179.6%, so the financial structure is moderate.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $788.9M | $793.0M | $838.8M | +5.79% ↑ faster |
| Operating profit | $31.4M | $8.9M | $12.4M | +39.02% ↑ faster |
| Net profit | -$30.1M | -$70.4M | $1.2M | — |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $715.9M | $774.0M | $788.9M | $793.0M | $838.8M |
| Operating profit | $29.5M | $35.7M | $31.4M | $8.9M | $12.4M |
| Net profit | $17.8M | -$17.2M | -$30.1M | -$70.4M | $1.2M |
| Revenue CAGR | 4-yr avg 4.04% | ||||
Revenue rose 5.8% year over year (2023 ₩1.2 trillion → 2024 ₩1.2 trillion → 2025 ₩1.3 trillion), and the three-year trend is 'rising'. The pace of growth also quickened from the prior year. Operating profit rose 39.0% year over year. Profit is growing at an accelerating pace. Over the 5 years on record, revenue compound annual growth (CAGR) is 4.0%. The two-year revenue CAGR is 3.1%. In the most recent quarter (Q1 2026), revenue was 18.5% lower than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- —
Points to watch
- The price is high versus peers, so expectations already appear priced in.
Recent news & events searched · sourced
- 2026-05-07EarningsFair-disclosure of preliminary consolidated operating results: Q1 2026 revenue ₩255.4 billion, operating profit ₩5.1 billion, net profit ₩3.0 billionThis is recent confirmed or preliminary earnings data. Check whether it points in the same direction as the annual trend and whether any one-off factors are present. Source
- 2026-04-29EarningsSettlement-results advance notice (guidance disclosure): Q1 2026 revenue ₩255.4 billion, operating profit ₩5.1 billion, net profit ₩3.0 billionThis is recent confirmed or preliminary earnings data. Check whether it points in the same direction as the annual trend and whether any one-off factors are present. Source
- 2026-02-05EarningsFair-disclosure of preliminary consolidated operating results: Q1 2026 revenue ₩255.4 billion, operating profit ₩5.1 billion, net profit ₩3.0 billionThis is recent confirmed or preliminary earnings data. Check whether it points in the same direction as the annual trend and whether any one-off factors are present. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩1,550 | ₩1,550 | Confirmed | link |
| Latest quarterly results | revenue ₩255.4 billion, operating profit ₩5.1 billion | revenue ₩255.4 billion, operating profit ₩5.1 billion | Confirmed | link |
| Annual results | revenue ₩1.3 trillion, operating profit ₩18.7 billion | revenue ₩1.3 trillion, operating profit ₩18.7 billion | Confirmed | link |
| Earnings disclosure source text | : 2026 1 revenue ₩255.4 billion · operating profit ₩5.1 billion · net profit ₩3.0 billion | : 2026 1 revenue ₩255.4 billion · operating profit ₩5.1 billion · net profit ₩3.0 billion | Confirmed | link |
| Earnings disclosure source text | : 2026 1 revenue ₩255.4 billion · operating profit ₩5.1 billion · net profit ₩3.0 billion | : 2026 1 revenue ₩255.4 billion · operating profit ₩5.1 billion · net profit ₩3.0 billion | Confirmed | link |
| Earnings disclosure source text | : 2026 1 revenue ₩255.4 billion · operating profit ₩5.1 billion · net profit ₩3.0 billion | : 2026 1 revenue ₩255.4 billion · operating profit ₩5.1 billion · net profit ₩3.0 billion | Confirmed | link |
| Forecast box basis | DART | DART | Confirmed | link |
Recent filings
- 2026-06-01Large-business-group status disclosure
- 2026-05-29Corporate governance report
- 2026-05-15PeriodicQuarterly report
- 2026-05-07EarningsFair-disclosure notice
- 2026-05-04Earnings disclosure
- 2026-05-04Disclosure
- 2026-04-30Disclosure
- 2026-04-29EarningsEarnings disclosure
- 2026-04-27Disclosure
- 2026-04-27Amended filing
- 2026-04-21Disclosure
- 2026-03-24OwnershipLargest-shareholder ownership change report
📖 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.