Hyundai Glovis현대글로비스

Hyundai Glovis trades at a low multiple after a sharp share price fall, while trailing profits and cash flow remain positive.

Hyundai Glovis is a logistics, distribution and shipping company whose main customers are Hyundai Motor and Kia. Trailing twelve-month revenue to H1 2026 was ₩31.3T with operating income of ₩2.0T and net income of ₩1.5T, and the share price closed at ₩176,200 on 2026-10-26, well below its 52-week high of ₩296,000. The data shows a recent expansion story around the Philadelphia port and a Shopee partnership for K-beauty exports.

What stands out

• Trailing operating margin is 6.5% and net margin 4.9%, slightly below the 2025 full-year operating margin of 7.0%.
• Revenue grew 4.1% in 2025 to ₩29.6T, but 2023 revenue fell 4.8%, so growth has been uneven.
• Trailing cash of ₩2.4T exceeds borrowings of ₩1.5T, and free cash flow is ₩1.4T.
• The shares are down 10.5% over one month and 13.8% over three months, though they are up 4.9% over one year.
• Foreign ownership rose slightly to 46.7% from 46.2% sixty days earlier, while foreign investors were net sellers over the last 20 days.

What to watch

• The next results release and any update to the trailing figures, since the latest data covers H1 2026 only.
• Progress on the Philadelphia port expansion and the Shopee logistics partnership, which the headlines describe but the data does not quantify.
• Dependence on Hyundai Motor and Kia as main customers, and the fact that the model's bear-case value of ₩169,898 sits close to the current price.