Hanil Feed한일사료

Hanil Feed is a small, thinly profitable feed maker whose shares have fallen sharply over the past year.

Hanil Feed makes compound animal feed in Korea and runs KMEAT, a meat importer and distributor. Trailing twelve-month revenue is about ₩484B with a 1.1% operating margin and ₩5.5B operating income as of H1 2026. The shares closed at ₩2,230 on 2026-10-23, down 33.1% over one year and near the low end of their 52-week range.

What stands out

• Trailing revenue of ₩484B is up from ₩455B in 2025, but operating margin is thin at 1.1%, versus 1.3% in 2025.
• Net income of ₩5.5B trailing is close to operating income, and ROE is 3.4%, so returns on equity are modest.
• Trailing free cash flow is negative at about -₩6.5B, while cash of ₩26.7B exceeds borrowings of ₩9.0B.
• Valuation metrics are low: P/E 16.1, P/B 0.5, and a 3.4% dividend yield. The data includes a DCF value of ₩1,443 at a 7.4% rate, which is well below the current price, and a bull value of ₩6,310 with a bear value of ₩0.
• Foreign ownership rose from 1.1% to 3.8% over about 60 days, while retail investors were net sellers over the last 20 days. Recent filings include a corporate value-up plan (April 2026) and a 5%+ holding report.

What to watch

• The Q3 2026 quarterly report, which is expected in mid-November based on the filing pattern, will show whether margins and free cash flow improve.
• Whether the value-up plan's specifics and any further holding-change filings follow.
• Risks named in the data include thin margins, negative trailing free cash flow, and the dependence on the Seoul Milk Cooperative contract; the data does not include news coverage explaining the recent share price decline.