iWIN아이윈

iWIN's trailing revenue is roughly flat and small, but reported profit in the last twelve months is far above operating income, with a sharp share price swing over the past year.

iWIN makes automotive seat heaters and related parts, mostly for Hyundai Motor Group. For the twelve months to H1 2026 it reported revenue of ₩112B, operating income of ₩8.2B and net income of ₩24.3B, with 2025 revenue down 2.9%. The share price is ₩6,040, down 24.6% over one year and up 21% over three months, and the filings include a trading halt and a conversion price adjustment.

What stands out

• Net income of ₩24.3B is about three times operating income of ₩8.2B, so the profit figure likely depends on non-operating items that the data does not explain.
• Operating margin improved from 5.9% in 2025 to 7.3% on a trailing basis, but remains thin.
• Borrowings of ₩22.9B exceed cash of ₩14.6B, and liabilities are 67.7% of equity.
• Valuation metrics are low: P/E about 1, P/B 0.4, and dividend yield 0%.
• Foreign ownership fell from 2.1% to 0.8% over 60 days, while the 20-day flows show retail selling of about ₩39B.
• The fair value model gives a base of ₩16,805, but the range is very wide (bear ₩5,078, bull ₩39,612), and the model is not a forecast.

What to watch

• The filings list two trading halts (July and August 2026); the data does not say why, so check the filing text.
• The conversion price adjustment on 24 July 2026 may affect dilution; the data does not give details.
• The data contains no news headlines, and no upcoming results date is given beyond the H1 2026 half-year report already filed.