YM와이엠

YM is a small Korean fastener maker whose trailing profit is thin and whose shares have fallen sharply over the past year.

YM makes bolts and screws for car, electronics and construction customers, with main clients including Hyundai Mobis, Hyundai Motor and Kia, and plants in Korea and Thailand. For the twelve months to H1 2026 it reported revenue of about ₩176B, an operating margin of 2.4% and free cash flow of about -₩6.9B. The share price closed at ₩1,821 on 2026-10-19, down 36.4% over one year and well below its 52-week high of ₩2,870.

What stands out

• Trailing operating income is about ₩4.2B and net income about ₩2.9B, down from ₩6.1B operating income and ₩5.2B net income in 2024.
• Revenue has been broadly flat recently: 2025 revenue was ₩177B, up 2.9%, and the trailing figure is in the same range.
• The balance sheet shows cash of about ₩14.7B against borrowings of about ₩2.9B, but liabilities are about 199% of equity.
• The data gives a DCF fair value base case of ₩1,221, below the current price, while bull case is ₩4,877 and bear case is zero; these are model outputs, not forecasts.
• Recent filings are mostly routine governance items: a shareholders' meeting, proxy materials, a buyback trust contract and insider holding reports.

What to watch

• The shareholders' meeting and related proxy documents, plus the buyback trust arrangement signed in September 2026.
• The next half-year or annual results, to see whether margins recover from the trailing 2.4% and free cash flow turns positive.
• Customer concentration in the automotive sector, which the profile names as the main client base; no news headlines were available in the data.