Hy-Lok하이록코리아

Hy-Lok is a highly profitable valve and fitting maker whose shares have fallen about 15% over the past year despite steady earnings.

Hy-Lok makes pipe fittings and valves for petrochemical, offshore, shipbuilding, semiconductor and power customers, and sells both at home and abroad. Trailing twelve-month revenue to H1 2026 was about ₩225B with operating income of about ₩62B and a 27.8% operating margin, and the balance sheet shows low liabilities and ₩186B of cash with no borrowings reported. The share price closed at ₩31,350 on 2026-10-20, below its 52-week high of ₩48,100.

What stands out

• Revenue grew 12.6% in 2025 to about ₩215B, after only 0.9% growth in 2024, and trailing figures to H1 2026 are higher still.
• Operating margin has held in the mid-to-high 20s percent for most recent years, rising from 12.9% in 2021.
• Shares are down 14.8% over one month and 14.2% over one year, while the three-month return is a small positive 2.8%.
• The company trades at about 6.4 times earnings and 0.8 times book, with a 4.3% dividend yield stated in the data.
• Filings in 2026 include a corporate value-up plan (March), preliminary earnings in May and August, and a half-year report in August; several 5%+ holding reports were also filed.

What to watch

• The company's fair value model gives a base of ₩87,232 and a bear case of ₩65,940, but these are model outputs, not forecasts, and the data does not include analyst targets.
• Foreign ownership rose from 28.7% to 30.1% over about 60 days, while retail investors were net sellers over the last 20 days; the next full-year and quarterly results were not dated in the data.
• The data contains no recent news headlines, so the reasons for the share price decline are not explained in the information provided.