Unick유니크

Unick reports growing revenue and a return to higher trailing profit, but the stock trades near the low end of its 52-week range with thin margins.

Unick is an auto parts maker supplying electrical, drivetrain, control and electrification components to domestic and overseas carmakers, with plants in South Korea and China. Trailing twelve-month revenue to H1 2026 was ₩453B with operating income of about ₩16B and net income of about ₩14B, against annual revenue of ₩430B in 2025. The share price of ₩3,750 sits well below its 52-week high of ₩5,130.

What stands out

• Revenue grew about 15% in 2025 to ₩430B, and trailing revenue to H1 2026 is ₩453B.
• Operating margin is thin at about 3.4%, up from 2.2% in 2024 but still low for the sector.
• Trailing net income of about ₩14B is well above the 2025 level, but borrowings of ₩86B against cash of ₩18B leave liabilities at 115.7% of equity.
• Valuation metrics are low: P/E about 5.1, P/B about 0.5, and no dividend yield. The data includes a DCF base value of ₩4,846, which is above the current price, but the bear value is zero and the bull value is ₩29,105, so the range is very wide.
• Filings in recent weeks are mostly insider shareholding reports, along with a change of CEO on 2026-09-30 and a 5%+ holding report on 2026-09-18. Recent news headlines are mostly unrelated to the business, as they mention other companies or products with similar names.

What to watch

• Next periodic results and whether margins and free cash flow hold up against the ₩86B of borrowings.
• Details of the CEO change and any strategy updates that follow it, which the data does not describe.
• Foreign ownership has fallen from 2.8% to 2.5% over 60 days and foreign flows over 20 days are negative, so watch whether that trend continues.