Autech오텍

Autech's revenue has shrunk for several years and it is still loss-making, with heavy debt and a share price that has fallen 12.8% over the past month.

Autech makes specialty vehicles such as ambulances, welfare vehicles and medical-check vehicles, plus air-conditioning and refrigeration equipment. Trailing twelve-month revenue to H1 2026 was ₩814B, with an operating loss of ₩4.5B and a net loss of ₩17.4B. Liabilities are about 3.8 times equity and borrowings are ₩246B against cash of ₩26B.

What stands out

• Revenue has fallen from ₩1.02T in 2021 to ₩852B in 2025, with declines in 2023, 2024 and 2025.
• The company has reported operating losses in four of the last five years; 2021 was the only year with an operating profit (₩6.4B).
• Price-to-book is about 0.6, but the company has no year-end P/E because it is loss-making, and it pays no dividend.
• Trailing free cash flow is negative at about ₩62B, and the company relies on borrowings to fund its operations.
• Recent filings are mainly routine shareholding reports, plus an August 2026 decision on a guarantee of debt for another party. Latest news is an October product announcement on data-centre cooling and AI operations.

What to watch

• The next results release and whether losses narrow from the H1 2026 trailing figures.
• Details of the debt guarantee for another party and the company's overall debt levels, which are high relative to equity and cash.
• Foreign and institutional investors have been net sellers over the past 20 days, and foreign ownership is only 1.4%; the data does not explain the reasons.