Heerim Architects & Planners희림

Heerim's shares trade well below their 52-week high while trailing margins stay thin and free cash flow is negative.

Heerim Architects & Planners is a Korean architecture design and construction project management firm with trailing revenue of about ₩231.0B for the period to H1 2026. Trailing operating margin is 3.2%, down from 6.3% in 2024, and free cash flow is negative at about -₩9.4B. The stock closed at ₩3,975 on 2026-10-21, roughly half its 52-week high of ₩7,460 but well above the low of ₩3,095.

What stands out

• Trailing operating income of about ₩7.4B and net income of about ₩7.6B compare with ₩15.3B and ₩12.9B in 2024, so profitability has weakened.
• Revenue has been broadly flat over five years, from about ₩212B in 2021 to ₩231B in 2025, with 2025 down 3.8%.
• The balance sheet shows liabilities at 137.4% of equity and borrowings of about ₩23.0B against cash of about ₩22.0B.
• The price-based valuation is low, with a trailing P/E of 7.3 and P/B of 0.6, and the data shows a DCF base value of ₩8,168 versus the current price, though that model's assumptions are not described.
• Foreign ownership rose from 3.4% to 6.9% over about 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• Several amended major sales or supply contract filings appeared in late September 2026; the data does not give their contents or values.
• The 2026 full-year results, following the half-year report filed on 2026-08-14.
• Negative free cash flow and the amended 2025 annual report filings, which the data does not explain further.