Heerim Architects & Planners희림

Heerim's trailing profits are thin and its shares have fallen over the past year, though the company remains profitable on a trailing basis.

Heerim is a Korean architecture, design and construction management firm with revenue of about ₩231B over the twelve months to H1 2026, a 3.2% operating margin and net income of about ₩7.6B. Operating income and net income both fell from the 2024 peak, and the share price is ₩3,695, down 13.5% over one year, well below its 52-week high of ₩7,460. The data does not include analyst ratings or price targets.

What stands out

• Revenue has been roughly flat at ₩212B to ₩241B over 2021 to 2025, with 2025 down 3.8% year on year.
• Operating margin fell from 6.3% in 2024 to 3.9% in 2025 and 3.2% on the trailing basis to H1 2026.
• Trailing free cash flow is negative at about -₩9.4B, while cash of ₩22B is below borrowings of ₩23B and liabilities are 137% of equity.
• The company's own internal valuation model gives a base value of ₩8,503 per share, but this is a model output rather than a forecast, and its bear case is ₩2,193.
• Recent filings are mostly amendments to major sales or supply contracts and routine shareholding reports; no news headlines were included in the data.
• Foreign ownership rose from 3.8% to 7.4% over about 60 days, while retail investors were net sellers over the past 20 days.

What to watch

• The next half-year or annual results, to see whether margins recover from the 3.2% trailing level.
• Further amendments to major contracts, and whether the company's negative free cash flow and debt levels change.
• Foreign and insider shareholding changes, since the data shows recent increases in foreign ownership.