Hansol Logistics한솔로지스틱스

Hansol Logistics is a low-margin, cheaply valued logistics firm whose trailing profits have slipped from their 2025 level.

Trailing twelve-month revenue to H1 2026 is about ₩670B with operating income near ₩19B and net income near ₩12B, against ₩675B revenue and ₩16B net income... more precisely, 2025 net income was ₩16B. The shares closed at ₩2,730 on 2026-10-23, roughly 27% above the 52-week low and well below the 52-week high of ₩3,750, with the stock broadly flat over one year. The company's latest disclosed moves focus on logistics consulting services and routine filings, with no dividend yield shown in the data.

What stands out

• Trailing operating margin is 2.9% and net margin 1.8%, down from 3.1% and 2.3% in 2025 on the annual figures given; 2025 net income was ₩15.8B, and trailing net income is ₩11.7B.
• Valuation looks low on paper: P/E 6.5, P/B 0.5, P/S 0.1, with market cap about ₩76.9B.
• Balance sheet is leveraged: liabilities are 103% of equity, with borrowings of ₩10.7B against cash of ₩25.2B.
• The DCF model in the data gives a base value of ₩8,286 per share, far above the current price, but the bear case is ₩1,855, so the range is very wide and the model is not a forecast.
• Foreign ownership fell from 4.8% to 4.4% over 60 days, and 20-day flows show net selling by foreign and retail investors, with institutions roughly flat.

What to watch

• Full-year 2026 results and the next quarterly report, since trailing revenue has been declining year on year.
• The cash dividend status: the data shows a 0% dividend yield despite a May 2026 dividend decision, so the payout amount is not given here.
• Recent debt guarantee decision and the rising liabilities-to-equity ratio, which the data does not explain further.