Yujin Robot is a KOSDAQ company that has been making robots for more than 35 years, earning money across three lines: autonomous mobile robots (AMR, the GoCart series) that automatically carry loads in factories, logistics centers and hospitals; 3D LiDAR sensor modules that help robots find their own way (a localized core component); and manufacturing-line automation equipment, with its center of gravity shifting from home use toward industrial and logistics use. Revenue has resumed double-digit growth and applications have widened, but 2025 revenue of ₩28.2 billion and an operating loss of ₩5.0 billion left the company in the red, and a May rights offering topped up funds while leaving share dilution behind. What stands out lately is that in a market where demand for logistics and industrial automation is growing, it holds its own products and localization technology, and the share price has fallen -68% from its high to a level where expectations have cooled, but years of losses mean earnings power is unproven, and views diverge on when growth turns into profit.
At-a-glance assessment financial health · growth · profitability · valuation
- The most recent full-year net result was a loss.
- Revenue rose 16.4% year over year, and the pace is slowing (3-year trend: rising).
- Most recent quarter (Q1 2026) revenue was 413.3% higher than a year earlier.
- ROE is -24.3% (total-net basis). It is below the sector average.
- Operating margin is -17.9%.
- P/E is hard to compute here, so this is read on P/B.
Ownership & governance As of 2025-12-31
Largest shareholder Shiman 39.1% (individual)
Controlling bloc incl. related parties 51.36%
With the controlling bloc holding 51%, control is very secure but the free float is thin.
🔎 In-depth analysis
- Yujin Robot is a KOSDAQ company that has been making robots for more than 35 years, and today it earns money across three lines.
- The first is autonomous mobile robots (AMR) that automatically carry loads in factories, logistics centers and hospitals, with the flagship being the "GoCart" series ranging from 180 kg to 1.5-ton payloads.
- The second is 3D LiDAR (a sensor that measures distance to surrounding objects with light) modules that help robots perceive their surroundings and find their own way; the company has developed and localized this core component, once dependent on foreign supply, and also supplies it to automated guided vehicles and unmanned forklifts.
- The third is automation equipment used on semiconductor and automotive manufacturing lines.
- Once known for home robot vacuums, the company is now better understood, in line with its actual revenue mix, as a firm whose center of gravity has moved to industrial and logistics robots and sensors.
- The latest close is ₩12,160 and market capitalization is ₩464.9 billion.
- The price sits below the 20-day line (₩15,611) and the 60-day line (₩21,272).
- Trading below both its short- and mid-term moving averages, the trend is subdued.
- The RSI (an auxiliary gauge that scores the balance of up- and down-moves over the past 14 days on a 0-100 scale) is 25.4, close to oversold territory.
- The one-month change is -32.6%, the three-month change is -48.9%, and the price sits -73.4% below its 52-week high.
- Relative strength versus the KOSDAQ is 79 (1-99, a recency-weighted conversion of returns against the index over the past year; higher means stronger than the market).
- That places it in roughly the top 21% of all stocks by strength.
- Over the past three months it lagged the index by 35.4%.
- Chart reading is best done alongside trading volume and disclosure dates.
- On confirmed annual (2025) figures, net profit was a loss, so the P/E ratio (how many times one year's profit the share price is) cannot be calculated at all.
- This company is therefore gauged by P/B (how many times the company's net assets the share price is) instead, at 17.86x, which is higher than the robot-sector median (7.75x) but in line with peers such as Doosan Robotics and Rainbow Robotics that carry high multiples despite losses.
- ROE (how much is earned per year on equity) is -24.3% and the operating margin is -17.9%, still not yet profitable, while the debt ratio (debt against equity) of 187.3% and current ratio of 168.5% are unremarkable among robot peers.
- In short, with profit still negative, it is too early to declare the shares cheap or expensive on trailing (past-performance) metrics alone; the accurate read comes from watching whether the loss narrows and whether a path to profitability appears.
- The direction of revenue is clearly up.
- Over five years it ran ₩27.6 billion (2021) → ₩49.6 billion (2022) → ₩19.3 billion (2023) → ₩24.2 billion (2024) → ₩28.2 billion (2025); setting aside the unusually large 2022, the pattern is a steady rebuild from the 2023 bottom.
- 2025 revenue rose 16.4% from the prior year and averaged about 20.9% growth over the last two years.
- The drivers are clear: growing demand for logistics automation is lifting AMR (GoCart) supply, and localizing 3D LiDAR, once dependent on foreign supply, has widened applications to automated guided vehicles and unmanned forklifts, underpinning revenue.
- Q1 2026 revenue of ₩5.0 billion jumped sharply from a year earlier.
- That said, the company has seasonality that concentrates about 41% of revenue in the fourth quarter, so gauging a full year from first-half figures tends to understate it, and the annual picture thickens as second-half deliveries are added.
- The most important variable, apart from revenue growth, is when operating profit turns positive, and the key thing to watch is whether the quarterly loss narrows.
- The recent disclosure storyline is "funding reinforcement" and "orders." On May 15, 2026 the company decided on a rights offering to secure operating and investment funds (material report), and on May 29 a securities-issuance-result disclosure wrapped up the issuance.
- A rights offering has a positive side, topping up ammunition to carry the business through a loss-making phase, and a side where the rising share count dilutes existing holders' stakes, so both must be weighed together.
- On April 22 a single supply contract (amended) was disclosed, offering a clue to whether AMR and robot orders actually flow into revenue.
- The Q1 2026 quarterly report filed on May 14 is the official basis for the above results, and the March 19 business report confirmed 2025 annual results (revenue ₩28.2 billion, operating loss ₩5.0 billion).
- Early-June reports of stake changes by major shareholders and executives are simply disclosures of transactions and are not directly tied to results.
- The strengths are clear.
- In a market where demand for logistics and industrial automation is growing, it holds its own products and localization technology in AMR and 3D LiDAR, and revenue has resumed double-digit growth as applications widen.
- The price has fallen -68% from its 52-week high, a level where expectations have cooled considerably.
- At the same time, the cautions are equally clear.
- Operating and net profit have been in the red for several years, so earnings power is still unproven, and the May rights offering topped up funds at the cost of share dilution.
- Ultimately, the assessment of this company hinges less on revenue growth itself than on when that growth turns into profit.
- It leans strong if the loss narrows each quarter and new orders show up in second-half revenue, and weak if losses drag on or fundraising repeats.
- Rather than deciding one way in advance, it is reasonable to judge by watching for signs of a narrowing loss and a turn to profit in quarterly results.
🔎 Valuation vs peers Inconclusive
KOSDAQ and KOSPI robot companies with similar business character such as AMR, service robots and robot components were used as the peer set. Because differences in revenue scale and market cap are large, weight is placed on the shared character of "loss-stage growth robot stock" rather than on absolute multiples.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Doosan Robotics | — | 13.09x | -15.92% |
| Robotis | 589.25x | 9.56x | 1.62% |
| Rainbow Robotics | 5845.84x | 62.11x | 1.06% |
Yujin Robot's P/B (17.86x) sits in the middle among the robot peers compared, neither the highest nor the lowest. Some, like Doosan Robotics (P/B 20.3x, ROE -15.9%), carry high multiples despite losses, and others, like Rainbow Robotics (P/B 87.7x), are far higher, so the sector as a whole is priced on future expectations. The key limitation is that last year's confirmed results were a loss, making trailing (past-performance) P/E comparison impossible. On the forward (future) side there is no official company forecast either, so only an outline can be drawn from a DART seasonality approximation (2026 revenue of about ₩23.3 billion), and profit, being a loss each quarter, is hard to even approximate. Accordingly, rather than declaring the shares cheap or expensive at this stage, it is honest to leave the verdict inconclusive until a narrowing loss and a turn to profit are confirmed in results.
Earnings outlook company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| Next quarter | Q2 2026 | approx. ₩4.5 billion | — | — |
Price history Close · MA20 · MA60
The latest close is ₩12,160 and the market capitalization is ₩464.9 billion. The price sits below its 20-day moving average (₩15,611) and below its 60-day moving average (₩21,272). 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 25.4, near oversold territory. The one-month change is -32.6%, the three-month change is -48.9%, and the position relative to the 52-week high is -73.4%. Relative strength versus the KOSDAQ is 79 (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 79% of all stocks. Over the past three months it lagged the index by 35.4%. 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 -35.43% / 6M +4.80% / 12M +8.77%
Key metrics vs sector median
Valuation
A net loss makes the P/E an unreliable valuation gauge. The P/B of 15.88x is above the sector median (6.92x).
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
The operating margin is -17.9%. The debt ratio is 187.3%, so the financial structure is moderate.
Growth FY2025 · annual report (separate)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $12.8M | $16.0M | $18.7M | +16.45% ↓ slower |
| Operating profit | -$3.5M | -$1.8M | -$3.3M | — |
| Net profit | -$3.4M | -$2.1M | -$4.6M | — |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.3M | $32.9M | $12.8M | $16.0M | $18.7M |
| Operating profit | -$4.3M | $2.4M | -$3.5M | -$1.8M | -$3.3M |
| Net profit | -$1.6M | $3.2M | -$3.4M | -$2.1M | -$4.6M |
| Revenue CAGR | 4-yr avg 0.49% | ||||
Revenue rose 16.4% year over year (2023 ₩19.3 billion → 2024 ₩24.2 billion → 2025 ₩28.2 billion), and the three-year trend is 'rising'. That said, the pace of growth slowed from the prior year. Operating results are in the red, so a swing back to profit matters more than the growth rate here. Over the 5 years on record, revenue compound annual growth (CAGR) is 0.5%. The two-year revenue CAGR is 20.9%. In the most recent quarter (Q1 2026), revenue was 413.3% higher than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- Revenue grew 16.4% year over year, a sign of growth.
Points to watch
- The most recent full year was a loss, so it is worth checking whether profitability recovers.
- The price is high versus peers, so expectations already appear priced in.
Recent news & events searched · sourced
- 2026-05-29UpdateSecurities-issuance-result (voluntary disclosure) reporting that the rights-offering new-share issuance was completedA signal that the May rights offering was actually paid in and issued, so funds came in while the number of issued shares rose, a point to weigh together. Source
- 2026-05-15UpdateRights offering decision to secure operating and investment funds (material report)It carries a positive side of shoring up capital during a loss-making phase, alongside the burden of existing holders' stakes being diluted as the share count rises. Source
- 2026-05-14EarningsQuarterly report with Q1 2026 results (revenue ₩5.0 billion, operating loss about ₩4.0 billion)Revenue rose sharply year on year but the quarterly loss continued, confirming that revenue growth and margin recovery must be viewed separately. Source
- 2026-04-22UpdateAmended disclosure correcting the details of a single supply contractA clue to whether AMR and robot orders actually flow into revenue; the contract size and term should be viewed together with the timing of revenue recognition. Source
- 2026-03-19FilingFiling of the FY2025 business report (annual revenue ₩28.2 billion, operating loss ₩5.0 billion)The official basis for confirmed annual results, data in which revenue growth and continuing losses are confirmed at the same time. Source
Figure cross-check computed ↔ external
Recent filings
- 2026-06-05OwnershipOfficers'/major-shareholders' holdings report
- 2026-06-05OwnershipOwnership-change filing
- 2026-06-05OwnershipOfficers'/major-shareholders' holdings report (amended)
- 2026-05-29Disclosure
- 2026-05-22OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-22OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-15Material-fact report
- 2026-05-14PeriodicQuarterly report
- 2026-04-22Single supply/sales contract (amended)
- 2026-03-27Shareholders' meeting notice
- 2026-03-19PeriodicAnnual business report
- 2026-03-19Audit 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.