Ecoplastic에코플라스틱

Ecoplastic's trailing sales hold near ₩2.5T, but profit is thin and the share price has fallen about 40% over the past year.

Ecoplastic supplies plastic bumpers, consoles, trim and other parts mainly to Hyundai Motor, Kia and Hyundai Mobis, with some US operations. For the twelve months to H1 2026 it reported revenue of ₩2.49T, operating income of ₩31.6B (a 1.3% margin) and net income of ₩17.2B, while free cash flow was negative at ₩-177B. The stock closed at ₩1,995 on 2026-10-19, well below its 52-week high of ₩5,180.

What stands out

• Revenue rose 13.6% in 2025 to ₩2.56T, but net income fell sharply to ₩1.99B from ₩14.1B in 2024.
• Operating margins have stayed low, between about 1% and 3.4% across 2021 to H1 2026.
• Liabilities are about 3.8 times equity, and the data shows no borrowings figure, so the debt composition is unclear.
• Trailing free cash flow is negative at about ₩-177B, while cash is about ₩31.6B.
• Filings in 2026 include several decisions on guaranteeing debt for other parties, which the data does not explain in detail.

What to watch

• The next quarterly or annual results, to see whether margins and cash flow improve from the low trailing levels.
• Further filings on debt guarantees for other parties, and the terms and size of any exposure.
• The company's dividend, given a stated yield of 2.5% alongside weak recent earnings and negative free cash flow.