Hyulim Robot designs, makes, and sells manufacturing robots such as SCARA, articulated, and wafer-transfer robots, along with automation systems and autonomous service robots, and it has recently been shifting its business axis toward becoming a smart logistics-robot specialist led by autonomous mobile robots (AMR). In late May it raised about ₩1.0 billion through a small public-offering rights issue at a fixed price of ₩9,820, a dilution of only about 0.1% against the existing share count, and governance-related disclosures such as the release of the largest shareholder's collateral-pledge agreement followed. What stands out most recently is that revenue growth in every one of the past five years and securing logistics robots as an expansion axis are strengths, whereas losses widened as revenue grew, first-quarter revenue this year fell more than 40%, and the company has yet to prove its earnings capacity — so confirming a signal of a turn to profit is the key.
At-a-glance assessment financial health · growth · profitability · valuation
- Debt is somewhat higher than equity (debt ratio 217.0%).
- The most recent full-year net result was a loss.
- Revenue rose 26.5% year over year, and the pace is slowing (3-year trend: rising).
- Most recent quarter (Q1 2026) revenue was 40.7% lower than a year earlier.
- ROE is -13.2% (controlling-interest basis). It is above the sector average.
- Operating margin is -10.3%.
- P/E is hard to compute here, so this is read on P/B.
Ownership & governance As of 2025-12-31
Largest shareholder Hyulim Holdings 6.56% (corporate)
Controlling bloc incl. related parties 6.56%
With the controlling bloc holding 7%, ownership is dispersed, leaving room for control-related or activist dynamics.
🔎 In-depth analysis
- Hyulim Robot is a company that designs, manufactures, and sells robots directly.
- It earns money along three main lines.
- The first is manufacturing robots — factory and semiconductor-process equipment such as SCARA, vertical articulated, and wafer-transfer robots.
- The second is automation and applied systems that bundle these robots to fit specific processes.
- The third is autonomous service robots for guidance and logistics.
- Recently it has been shifting its business axis toward being a 'smart logistics-robot specialist,' led by autonomous mobile robots (AMR).
- Its consolidated results also include revenue from semiconductor and display equipment affiliates and a finance (lending) affiliate, so it is worth noting that headline revenue is not the pure robot business alone.
- The latest close is ₩6,710 and the market cap is ₩802.2 billion.
- The price sits below its 20-day line (₩8,738) and its 60-day line (₩10,700).
- Trading below both the short- and medium-term moving averages, the trend is on the subdued side.
- The RSI (a supplementary gauge that compares upward and downward force over the past 14 days on a 0–100 scale) is 29.1, close to a depressed zone.
- The one-month change is -35.9%, the three-month change is -35.5%, and the stock sits -68.8% below its 52-week high.
- Its relative strength versus the KOSDAQ is 91 (on a 1–99 scale that weights recent one-year returns against the index more heavily toward the recent period; higher means stronger than the market), placing it roughly in the top 9% of all stocks by strength.
- Over the past three months it lagged the index by 20.5%.
- Chart interpretation is best done alongside trading volume and disclosure dates.
- Profitability is in the red.
- Last year's operating margin (the share of operating profit left from revenue) was -10.3% and ROE (how much is earned on equity in a year) was -13.2%, a phase in which it is eroding equity.
- On valuation metrics, the P/E (how many times a year's profit the share price is) cannot be calculated because profit is negative.
- The P/B (how many times net assets the share price is) is 6.29x and the P/S (how many times a year's revenue the share price is) is 5.2x — high for a company with no profit.
- The financial structure itself is not precarious.
- Net debt (total borrowings minus cash) is about ₩12.6 billion, not large relative to equity, and the current ratio (cash-like assets against debt due within a year) is 159%, so short-term payment capacity exists.
- However, last year's free cash flow (the cash actually in hand) was negative, so FCF yield (the ratio of cash earned to market cap) is -2.8%.
- It means the company is still spending rather than earning cash from its business.
- Revenue has been growing steadily.
- Over the past five years revenue rose each year, from ₩27.3 billion to ₩55.5 billion to ₩82.7 billion to ₩133.1 billion to ₩168.3 billion, and last year it was up 26.5% from the prior year.
- The problem is that losses grew alongside revenue.
- Operating losses widened over the past three years, from -₩1.9 billion to -₩4.9 billion to -₩17.3 billion.
- In the course of scaling up, the burden of selling and administrative expenses outran profit.
- The first quarter of this year weakened further: quarterly revenue was ₩30.0 billion, down 40.7% from the same period a year earlier, and the operating loss continued.
- No official figure in which the company itself presents when it will turn a profit has been confirmed, so it is more accurate to view this year's profit outlook not as a fixed number but as a phase of watching 'when it escapes the loss.'
- Recent disclosures cluster around funding and business reorganization.
- In late May the company decided on a small public-offering rights issue, printing more than 100,000 new shares at a fixed price of ₩9,820 to raise about ₩1.0 billion.
- The scale is small, so dilution against the existing share count (about 120 million shares) is a negligible 0.1%, and the proceeds are to be used to acquire a stake in another company.
- Separately, disclosures on the release of the largest shareholder's collateral-pledge agreement and on changes in executives' and major shareholders' stakes were also filed.
- Since this is a period of continued funding and governance activity, it is worth watching upcoming disclosures on additional funding or stake changes as well.
- The strengths and weaknesses are distinct.
- On the positive side, revenue grew in every one of the past five years, and the company has secured logistics robots as an expansion axis.
- Given the nature of the robotics sector, growth expectations tend to be reflected in valuation first.
- The cautions are also clear.
- Losses grew as revenue grew, and first-quarter revenue this year actually fell more than 40%.
- It means this is a company that has yet to prove its earnings capacity.
- The P/B and P/S being high for a company with no profit is also a burden.
- In short, if the logistics-robot pivot leads to a revenue rebound and a narrowing of losses, the picture turns strong, but if revenue slowdown and losses persist, the high valuation is hard to sustain.
- Right now, confirming a 'signal of a turn to profit' is the key.
🔎 Valuation vs peers Inconclusive
Compared against domestically listed robotics specialists (collaborative robots, service robots, components) whose business character overlaps.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Doosan Robotics | 0.00x | 13.09x | -15.92% |
| Yujin Robot | 0.00x | 15.88x | -24.32% |
| Robotis | 589.25x | 9.56x | 1.62% |
With no profit, one cannot flatly call it over- or undervalued by P/E, so it is viewed by net-asset-based P/B. Hyulim Robot's P/B of 6.87x is high for a company with no profit, but set against a robotics comparison group that is also loss-making (Doosan Robotics 15.5, Yujin Robot 18.0, Robotis 10.6) it is on the lower side. That is, the whole sector is pricing on growth expectations rather than results, and within that Hyulim Robot's valuation burden is relatively lighter. This, however, carries the limitation of being only 'a comparison among loss-making robotics stocks.' Until revenue growth and a turn to profit are actually confirmed, it is more accurate to hold judgment than to flatly declare it absolutely over- or undervalued.
Price history Close · MA20 · MA60
The latest close is ₩6,710 and the market capitalization is ₩802.2 billion. The price sits below its 20-day moving average (₩8,738) and below its 60-day moving average (₩10,700). 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 29.1, near oversold territory. The one-month change is -35.9%, the three-month change is -35.5%, and the position relative to the 52-week high is -68.8%. Relative strength versus the KOSDAQ is 91 (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 91% of all stocks. Over the past three months it lagged the index by 20.5%. 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 -20.46% / 6M -4.96% / 12M +120.54%
Key metrics vs sector median
Valuation
A net loss makes the P/E an unreliable valuation gauge. The P/B of 6.29x is in line with 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 -10.3%. The debt ratio is 217.0%, so the financial structure is somewhat high.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $54.8M | $88.2M | $111.5M | +26.45% ↓ slower |
| Operating profit | -$1.2M | -$3.3M | -$11.5M | — |
| Net profit | -$2.5M | -$3.5M | -$11.2M | — |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.1M | $36.8M | $54.8M | $88.2M | $111.5M |
| Operating profit | -$2.0M | -$4.9M | -$1.2M | -$3.3M | -$11.5M |
| Net profit | -$25.9M | -$11.0M | -$2.5M | -$3.5M | -$11.2M |
| Revenue CAGR | 4-yr avg 57.55% | ||||
Revenue rose 26.5% year over year (2023 ₩82.7 billion → 2024 ₩133.1 billion → 2025 ₩168.3 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 57.6%. The two-year revenue CAGR is 42.7%. In the most recent quarter (Q1 2026), revenue was 40.7% lower than the same period a year earlier.
Latest quarterly results Q1 2026 · vs year-ago
Technical indicators
What stands out
- Revenue grew 26.5% 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.
Recent news & events searched · sourced
- 2026-05-28FilingFinal issue price of the public-offering rights issue fixed at ₩9,820, with about 100,000 new shares issued (proceeds of about ₩1.0 billion).The funding scale is small, so the share-dilution effect is a negligible 0.1%. The proceeds are for acquiring a stake in another entity. Source
- 2026-05-26FilingDecision on a small public-offering rights issue (material-event report).A decision to secure a stake in another company through external funding. It is a signal of business and investment expansion as well as a small cash infusion. Source
- 2026-05-15EarningsFiling of the first-quarter 2026 report (revenue of ₩30.0 billion, -40.7% year on year, continued operating loss).A quarter in which revenue fell sharply and growth stalled. With losses continuing, whether profitability recovers needs to be confirmed. Source
- 2026-04-02FilingDisclosure of the release and cancellation of a share-collateral-pledge agreement that would accompany a change of largest shareholder.A change in the direction of resolving collateral-related risk tied to the largest shareholder's stake. Worth noting for governance stability. Source
Figure cross-check computed ↔ external
Recent filings
- 2026-06-05Earnings disclosure
- 2026-06-05Disclosure
- 2026-06-02Paid-in capital increase
- 2026-05-28Paid-in capital increase
- 2026-05-28Disclosure
- 2026-05-28Material-fact report (amended)
- 2026-05-26Material-fact report
- 2026-05-15PeriodicQuarterly report (amended)
- 2026-05-15PeriodicQuarterly report
- 2026-04-07OwnershipOwnership-change filing
- 2026-04-07OwnershipOfficers'/major-shareholders' holdings report
- 2026-04-02OwnershipLargest-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.