Husteel휴스틸

Husteel's profits have swung into losses as revenue and margins have shrunk, with the shares near the low end of their 52-week range.

Husteel, a Korean steel pipe maker, reported a trailing twelve-month net loss of about ₩34.7B on revenue of about ₩692.9B through H1 2026, after profits in 2022 and 2023. Its operating margin is thin at 0.1%, and free cash flow is negative at about -₩61.4B, though cash is about ₩94.9B. The shares closed at ₩3,770 on 14 October 2026, roughly 48% below the 52-week high of ₩7,300.

What stands out

• Revenue has fallen from ₩1.03T in 2022 to ₩612B in 2025, and TTM revenue is about ₩693B.
• Operating income was ₩641M on a trailing basis, against ₩289B in 2022, so margins have nearly disappeared.
• Net income turned negative in 2025 (about -₩15.0B) and remains negative on a trailing basis (about -₩34.7B), with ROE at -3.1%.
• Valuation metrics are low: price-to-book is 0.2, price-to-sales 0.3 and EV/EBITDA 4.7, but P/E is not meaningful because earnings are negative. The company pays no dividend.
• Recent filings are mostly routine (half-year report, insider holding reports, a change in largest shareholder's holdings); no news headlines were included in the data.

What to watch

• The next quarterly and annual results, to see whether operating margin recovers from near zero and whether losses continue.
• The August 2026 filing on changes in the largest shareholder's holdings, and any follow-up disclosures.
• Negative free cash flow (about -₩61.4B TTM): the data does not show how it is being funded. Foreign ownership, short-selling and investor flow data were not available.