NVH Korea엔브이에이치코리아

NVH Korea is loss-making on a trailing basis, with its share price down about 30% over the past year.

Over the twelve months to H1 2026, the auto parts supplier reported revenue of about ₩1.59T but an operating loss of about ₩45.8B and a net loss of about ₩35.7B. Borrowings of ₩215B exceed its ₩109B of cash, and free cash flow was negative at about -₩133B. The shares closed at ₩1,627 on 16 October 2026, roughly ₩68.6B in market value.

What stands out

• Revenue has grown from about ₩1.07T in 2021 to ₩1.62T in 2025, but operating profit turned into a loss in 2025 after being positive in 2021 to 2024.
• Trailing operating margin is -2.9% and return on equity is -16.2%, against a 2024 operating margin of 4.3%.
• Liabilities are about 3.8 times equity, and the company is carrying more debt than cash.
• The data shows a 9.2% dividend yield, but earnings are negative, so the yield should be read with caution.
• Foreign ownership fell from 1.6% to 1.2% over the last 60 days, and foreign investors were net sellers over the past 20 days, while retail investors were net buyers.
• The filings list a debt guarantee decision on 23 July 2026 and a change of CEO in March 2026, but the data gives no details of either.

What to watch

• The next quarterly and annual filings, to see whether losses narrow and whether cash flow improves.
• Further debt guarantee or other filings that could add financial exposure.
• Whether the ₩1,591 52-week low is tested again; the data's DCF fair value range (₩13,608 to ₩99,945) is very wide and is not a forecast.