Hankuk Package한국팩키지

Hankuk Package is a small packaging maker whose trailing profits are thin and whose shares have fallen sharply over the past year.

The company makes carton packaging for liquid foods such as milk and general corrugated packaging, selling mainly to dairy, beverage and food exporters in South Korea, Japan and Southeast Asia. Trailing twelve-month revenue to H1 2026 was about ₩228.9B with a thin 3.4% operating margin and ₩3.6B net income, while borrowings of ₩67.7B are large relative to cash of ₩3.8B. The share price closed at ₩1,293 on 19 October 2026, down 36.3% over one year and near the low end of its 52-week range of ₩1,190 to ₩3,850.

What stands out

• Revenue has been broadly flat for two years, at ₩224.1B in 2025 after ₩225.6B in 2024, while operating margin in 2025 was 4.4%, higher than the 3.0% in 2024.
• Trailing net income of ₩3.6B is well below 2025's ₩5.7B, and trailing ROE is 3.3%.
• Liabilities are 102.6% of equity and borrowings total ₩67.7B against ₩3.8B of cash, so leverage is a key feature of the balance sheet.
• Valuation metrics are low: P/E of 10.6, P/B of 0.3 and a dividend yield of 3.9%, but the data gives no analyst ratings or price targets.
• The filings list a corporate value-up plan (March 2026), a CEO change (March 2026) and a half-year report with an amendment (August 2026); the data includes no news headlines.

What to watch

• The amended half-year report filed on 14 August 2026, and the next quarterly results, to see whether margins and net income hold up.
• Debt levels and cash generation, given borrowings of ₩67.7B and trailing free cash flow of about ₩0.7B.
• Foreign investors own only 1.8% of shares, and foreign flows were net selling over the last 20 days, which the data does not explain further.