TXR Robotics (484810) 🔎 In-depth
KOSDAQ · Price as of 2026-08-06 · Updated 2026-08-09
TXR Robotics makes robots and solutions that automate moving, sorting, and transporting goods in factories and logistics centers, earning its money from sorting equipment, autonomous mobile robots (AMRs), collaborative transport robots, and EPC (turnkey) projects that build entire lines. In February 2026 it confirmed a full-year loss (revenue of ₩56.6 billion and a net loss of ₩15.3 billion), but Q1 revenue recovered 53%, and an April order for AMRs at a large U.S. logistics center plus a June AI-vision line supply contract worth about ₩4.1 billion support a reacceleration of growth. What stands out lately is that its P/B of 2.78x, among the lowest in the robotics peer group, becomes a strength in a phase where the structurally supported demand for logistics and manufacturing automation and a recovering top line convert into earnings. On the other hand, since most of the 2025 net loss came from non-operating items, the stock weakens if those losses recur or the turn to profit is delayed and a 171% debt ratio and convertible-bond dilution stack up.
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30-second brief
Pulled directly from the computed values below — not a separately written opinion.
What do the SourceComputedEstimateReading tags mean?
Source filings and exchange data · Computed calculated from public data · Estimate our own unverified projection · Reading drafted automatically, then rule-checked. See AI & Automation.
Core valuation metric
This stock's effective sub-sector is “Robotics” (Shipbuilding, Machinery, Defense & Power Equipment · Machinery & Electrical Equipment), a type typically read first through EV/Sales.
Robotics sits at an early growth stage where the market is expanding fast, so revenue can rise while profit stays thin or negative under R&D and capital spending. Earnings-based multiples distort in that setting, so enterprise-value-to-sales (EV/Sales, alongside price-to-sales) is the first lens.
Price against earnings alone becomes unstable when earnings swing. Reading it together with price against assets helps gauge the downside.
That said, earnings are swinging with the industry cycle right now, so this metric is best viewed alongside asset value and the demand backdrop.
This note explains how each sector is typically valued and is educational context only, not investment advice.
At-a-glance assessment financial health · growth · profitability · valuation
- The most recent full-year net result was a loss.
- Revenue fell 1.0% year over year (3-year trend: mixed).
- Most recent quarter (Q1 2026) revenue was 53.4% higher than a year earlier.
- ROE is -27.7% (total-net basis). It is below the sector average.
- Operating margin is -1.4%.
- A sector-metric and in-depth research verdict — see “Valuation vs peers” below for the basis.
Ownership & governance As of 2025-12-31
Largest shareholder Eugene Logistics 40.1% (corporate)
Controlling bloc incl. related parties 57.6%
With the controlling bloc holding 58%, control is very secure but the free float is thin.
🔎 In-depth analysis Reading
TXR Robotics makes robots and solutions that automate moving, sorting, transporting, and inspecting goods in factories and logistics centers. Its mainstays are mobile robots: sorting equipment (tilt-tray, cross-belt, and the like) that automatically routes parcels to their destinations at delivery and logistics centers, autonomous mobile robots (AMRs) that recognize floor markers or space on their own to move loads, and collaborative transport robots that support heavy loads and move alongside people. Added to this is an EPC (turnkey) business that handles design, fabrication, installation, and commissioning in one package to build an entire line. Because winning projects to build large logistics centers or manufacturing lines drives results, revenue swings widely depending on which large deals land in a given quarter. More recently it has been widening its automation capabilities by adding vision AI, which recognizes objects through screens and video, to its robots.
The latest close is ₩16,580 and the market capitalization is ₩256.2 billion. The price sits above its 20-day moving average (₩11,942) and above its 60-day moving average (₩12,754). It holds above both its short- and medium-term moving averages, so the trend looks healthy. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 61.4, a neutral level. The one-month change is +74.7%, the three-month change is -12.9%, and the position relative to the 52-week high is -32.5%. Relative strength versus the KOSDAQ is 71 (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 71% of all stocks. Over the past three months it outpaced the index by 29.8%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
On a 2025 consolidated basis, revenue was ₩56.6 billion, the operating result was a loss of ₩770 million, and the net result was a loss of ₩15.3 billion. What is worth noting is that while the operating loss from the core business was a modest ₩770 million, the net loss was far larger at ₩15.3 billion, meaning most of the shortfall came not from the core business but from non-operating items (investments, valuation, and one-off charges). Because it is loss-making, the P/E (how many times a year's earnings the price represents) cannot be calculated, and the P/B (how many times its net assets the price represents) is 4.74x. Against peers in the same robotics industry trading at roughly 10x to 75x P/B, the share price against assets is actually on the low side, so a P/B of 2.78x is not something to view as a burden in itself. The debt ratio (how many times its own equity the borrowed money represents) is somewhat high at 171%, but the current ratio (assets soon convertible to cash against debt due within a year) is 179%, so short-term solvency is sound. In short, earnings-based measures (P/E, ROE) are hard to apply now because of the loss, the price against assets is on the cheap side, and the crux is whether core-business revenue turns into profit.
Revenue jumped from ₩33.2 billion in 2023 to ₩57.2 billion in 2024 (+72%), then took a breather in 2025 at ₩56.6 billion (-1.0%). It then turned clearly higher again in the most recent quarter, with Q1 2026 revenue of ₩11.0 billion, up 53.4% from the same quarter a year earlier. This recovery appears to be not a simple seasonal effect but the result of new orders to supply robots and AMRs to a large U.S. logistics center, along with automation-line orders from domestic delivery and manufacturing sites, starting to show up in revenue. In that same Q1, however, the operating and net results were still in the red, a picture typical of the early growth phase in which the personnel, development, and start-up costs incurred while ramping up orders run ahead of revenue. Because the company is loss-making, an earnings-based forward P/E (a P/E based on this year's expected earnings) does not hold, and no official full-year results guidance has been issued, so we did not force an estimate of this year's earnings. The point to watch for growth, then, is not an earnings multiple but when the rapidly growing revenue turns to profit and whether that profit is sustained.
The heart of the recent picture is the new orders and business expansion seen in disclosures and IR. In April 2026 it secured an order to supply robots and autonomous mobile robots (AMRs) to a large U.S. logistics center, stepping into an overseas mass-production site, and around the same time it partnered with the Korea Institute of Machinery and Materials to jointly develop the application of vision AI to picking and packing automation. In June 2026 it disclosed a supply contract worth about ₩4.1 billion for the integration and line-building of AI-vision products, adding revenue from automation lines fitted with video AI. On the results side, the disclosures confirm the 2025 full-year loss (revenue of ₩56.6 billion and a net loss of ₩15.3 billion) in February 2026, a 53% Q1 revenue recovery in May, and a convertible-bond (CB) issuance in December. That said, the facts that a substantial part of the 2025 net loss came from non-operating rather than core items, and that funds were raised through convertible bonds, are worth examining together on the capital and dilution side.
The strengths are clear. It has a business portfolio combining robots, AMRs, and EPC in the structurally growing market of logistics and manufacturing automation, and a 53% Q1 2026 revenue recovery, a U.S. logistics-center AMR order, and an AI-vision line order support a reacceleration of growth. On valuation too, the share price against assets (a P/B of 2.78x) is among the lowest in the robotics peer group, so this is not a stock that is uncomfortably expensive. The cautions are just as clear. It ran a net loss of ₩15.3 billion in 2025, and because most of that loss came from non-operating items, it is worth confirming whether one-off losses recur and whether the core business turns profitable. The 171% debt ratio and the funding and dilution from the convertible-bond issuance are also worth watching. In sum, this stock is strong in a phase where demand is structurally supported and a recovering top line converts into earnings, and weak in a phase where non-operating losses recur or the turn to profit is delayed. Ultimately it is a recovery and turnaround stock, one to watch for whether the growing revenue turns into profit.
🔎 Valuation vs peers Inconclusive
Domestic listed robotics companies engaged in logistics and robotics automation.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Doosan Robotics | 0.00x | 13.44x | -15.92% |
| Rainbow Robotics | 6678.04x | 71.45x | 1.06% |
| Robostar | 0.00x | 8.92x | -5.99% |
(a) Peers in the same robotics industry command high premiums at 11x to 89x P/B, whereas this company sits markedly lower at 3.68x, making it the most conservatively valued against assets. (b) That discount, however, also reflects fundamental differences in market-cap scale (₩203.3 billion versus ₩1 trillion to ₩12 trillion for peers) and the fact that it is loss-making. (c) Because the P/E cannot be derived while it is loss-making, value is hard to gauge on trailing measures, and with the turn to profit uncertain, a forward basis is also hard to set reliably. So rather than declaring it cheap because the P/B is low, it is appropriate to withhold judgment until it is confirmed that the revenue recovery converts into earnings.
Price history Close · MA20 · MA60
The latest close is ₩16,580 and the market capitalization is ₩256.2 billion. The price sits above its 20-day moving average (₩11,942) and above its 60-day moving average (₩12,754). It holds above both its short- and medium-term moving averages, so the trend looks healthy. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 61.4, a neutral level. The one-month change is +74.7%, the three-month change is -12.9%, and the position relative to the 52-week high is -32.5%. Relative strength versus the KOSDAQ is 71 (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 71% of all stocks. Over the past three months it outpaced the index by 29.8%. 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 +29.78% / 6M +11.90% / 12M +25.92%
Key metrics Computed vs sector median
Valuation
A net loss makes the P/E an unreliable valuation gauge. The P/B of 4.74x is in line with the sector median (4.51x).
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 -1.4%. The debt ratio is 68.2%, so the financial structure is stable.
Growth FY2025 · annual report (separate)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $23.3M | $40.2M | $39.8M | -1.04% ↓ slower |
| Operating profit | $2.5M | $3.7M | -$542,276 | -114.65% ↓ slower |
| Net profit | $1.5M | $2.7M | -$10.8M | -499.01% ↓ slower |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $23.3M | $40.2M | $39.8M |
| Operating profit | — | — | $2.5M | $3.7M | -$542,276 |
| Net profit | — | — | $1.5M | $2.7M | -$10.8M |
| Revenue CAGR | 2-yr avg 30.62% | ||||
Revenue fell 1.0% year over year (2023 ₩33.2 billion → 2024 ₩57.2 billion → 2025 ₩56.6 billion), and the three-year trend is 'mixed'. The rate of decline widened from the prior year. Operating profit fell 114.7% year over year. The decline widened. Over the 3 years on record, revenue compound annual growth (CAGR) is 30.6%. The two-year revenue CAGR is 30.6%. In the most recent quarter (Q1 2026), revenue was 53.4% higher than the same period a year earlier.
Latest quarterly results Source Q1 2026 · vs year-ago
Technical indicators Computed
What stands out
- —
Points to watch
- The most recent full year was a loss, so it is worth checking whether profitability recovers.
- Revenue fell 1.0% year over year (3-year trend: mixed).
Recent news & events searched · sourced
- 2026-06-01IRSelected for the 2026 program supporting early commercialization of AI-application products (about ₩4.1 billion), developing physical-AI-based intelligent distribution and logistics process automationLimited near-term contribution to results, but in the medium term a base for advancing logistics-automation solutions and securing new revenue sources. Source
- 2026-04-30IRWon an order to supply battery-swap AMRs to Hyundai Motor's electric-vehicle plant in Alabama, USA (first entry into a North American industrial site)In the medium term, a foothold for diversifying overseas revenue and expanding large manufacturing customers. Source
- 2026-04-30IRSelected as a family company of the Korea Institute of Machinery and Materials, jointly developing AI object-recognition technology for picking automationIn the medium term, strengthens capabilities in the new picking-robot and vision-AI businesses. Source
- 2026-05-14FilingFiled the Q1 2026 report (revenue of ₩11.0 billion, +53.4% year on year, with operating and net results still in the red)In the near term, the top-line recovery is confirmed but the turn to profit falls short. Source
- 2026-02-11EarningsDisclosure of a change in revenue or profit-and-loss structure: 2025 full-year revenue of ₩56.6 billion, an operating loss of ₩770 million, and a net loss of ₩15.3 billion, turning to a lossIn the medium term, whether profitability recovers and the cause of the non-operating loss are the key check points. Source
- 2025-12-16DividendDecision on the record date (shareholder-register closing) for a cash and in-kind dividendIn the near term, a signal of shareholder-return intent, but with the company in a loss-making phase the capacity for returns also needs to be checked. Source
Figure cross-check computed ↔ external
Recent filings Source
- 2026-05-14PeriodicQuarterly report
- 2026-04-30Disclosure
- 2026-03-30Disclosure
- 2026-03-27Disclosure
- 2026-03-26Shareholders' meeting notice
- 2026-03-19PeriodicAnnual business report (amended)
- 2026-03-18PeriodicAnnual business report
- 2026-03-18Audit report
- 2026-03-11Amended filing
- 2026-03-11Disclosure
- 2026-03-11Shareholders' meeting notice
- 2026-03-09Shareholders' meeting notice
📖 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.