Axbis액스비스

Axbis shares have fallen sharply since listing in March 2026, while the filed numbers show a modest profitable business.

Axbis is a Korean maker of laser-based processing and vision inspection equipment for EV motors, batteries and camera modules, listed on KOSDAQ in March 2026. Its trailing results to H1 2026 show revenue of ₩56.6B, operating income of ₩4.3B and net income of ₩5.0B, with a close of ₩7,850 and a market value of about ₩73.3B. The data does not give a fair value view we can state as a recommendation, and the share price has moved far more than the filed results.

What stands out

• Trailing operating margin is 7.6% and net margin is 8.9%, with ROE of 9.1% on the TTM figures.
• The 1-month return is -35.4% and the 3-month return is -11.8%, with the price well below its 52-week high of ₩50,600.
• Borrowings of ₩25.5B exceed cash of ₩5.7B, and liabilities are 80.1% of equity.
• Recent filings include several major sales or supply contracts, a half-year report and two exchange inquiries about news reports or price moves in September.
• Foreign ownership fell from 5.8% to 2.5% over about 60 days, while the 20-day net flow from foreign investors was positive.

What to watch

• The next half-year or quarterly results and whether margins hold near current levels.
• Any response to the exchange inquiries about news reports or price moves filed in September.
• Whether the company's contract announcements turn into sustained revenue, given the data shows no news headlines and no annual growth figure.