Hansae YES24 Holdings한세예스24홀딩스

Hansae YES24 Holdings is a loss-making holding company in TTM terms, with its shares near the low end of their 52-week range.

The holding company's trailing twelve months to H1 2026 show revenue of about ₩3.52T and operating income of about ₩106B, but a small net loss of about ₩2.5B. Leverage is high, with liabilities at 240.5% of equity, borrowings of about ₩549B and negative free cash flow of about ₩115B. The shares closed at ₩4,200 on 2026-10-16, about 5.7% above the 52-week low of ₩3,975 and well below the high of ₩5,040.

What stands out

• Revenue grew 20.5% in 2025 to about ₩3.41T, but 2025 net income swung to a loss of about ₩33B from a profit of ₩4.6B in 2024.
• Operating margin has fallen from 6.8% in 2023 to 3.0% on a trailing basis, and ROE is -0.5%.
• Filings show a series of subsidiary-level financing and capital decisions in September and October 2026, including a decision on increasing short-term borrowings and a decision on early redemption of self-convertible bonds.
• The company has filed several 5%+ holding reports since June 2026, and the foreign ownership share edged down from 1.9% to 1.8% over 60 days.
• The dividend yield is listed at 11.9%, and price-to-book is 0.4, but the data does not provide earnings-based valuation ratios because earnings are negative.

What to watch

• The next half-year or annual results, to see whether operating income holds up against the ₩549B debt load and negative free cash flow.
• Follow-up filings on the subsidiary short-term borrowings and the self-convertible bond redemption, which bear on financing needs.
• The data contains no recent news headlines and no analyst ratings or price targets, so any change in outlook would have to come from new filings.