Hyundai BNG Steel현대비앤지스틸

Hyundai BNG Steel's trailing profits are thin and its share price has fallen sharply over the past year.

The company makes stainless steel cold-rolled sheets, about 99% of revenue, with Hyundai Motor as its main customer. For the twelve months to H1 2026 it reported revenue of ₩767.8B, operating income of ₩31.5B and net income of ₩19.4B, with a 2.5% net margin. The shares closed at ₩10,800 on 2026-10-23, down 8.2% over one year and well below the 52-week high of ₩25,500.

What stands out

• Revenue fell 6.8% in 2025 to ₩741.3B after a 23.9% drop in 2024, and 2023 had an operating loss of ₩35.2B.
• Trailing operating margin is 4.1% and ROE is 3.7%, both modest compared with the 2021 peak margin of 10.5%.
• Borrowings of ₩115.6B exceed cash of ₩59.7B, and liabilities are 41.6% of equity.
• Trailing free cash flow is ₩46.9B, and the dividend yield is 2.3%.
• Foreign ownership fell from 4.7% to 3.7% over the past 60 days, and foreign investors were net sellers over the last 20 days.

What to watch

• Recent filings show share acquisitions in early October 2026; the filings do not say in the data what these were for.
• The data does not include upcoming earnings dates or any analyst forecasts.
• Dependence on Hyundai Motor as the main customer is a concentration risk named in the company profile.