Hyosung ITX효성ITX

Hyosung ITX is a low-margin Korean contact center and IT services firm trading near its 52-week low, with earnings slightly below last year's peak.

Trailing twelve-month revenue is about ₩534B with operating income near ₩18B and net income near ₩14B as of H1 2026, against full-year 2025 figures of ₩519B revenue and ₩15B net income. The company has no borrowings and ₩8.5B in cash, and its shares closed at ₩11,620 on 2026-10-23, near the low end of their 52-week range.

What stands out

• Operating margin has eased from 4.3% in 2021 and 4.4% in 2022 to 3.3% on a trailing basis, so the business earns thin margins on its revenue.
• The filings show a 2025 net income of ₩15.5B, while the trailing figure to H1 2026 is ₩14.3B, so earnings are roughly flat to slightly lower.
• Valuation metrics are modest: P/E 9.4, P/B 1.8, dividend yield 6.5%, and the company has announced a cash dividend decision in July 2026.
• A DCF-based fair value model gives a base of ₩22,283 against the ₩11,620 price, but the bear and bull cases span very wide ranges (₩5,528 to ₩52,965), so the estimate is highly uncertain.
• Recent filings include a major sales or supply contract (July 2026) and an amended version of a contract disclosure (September 2026); the only news item in the data is about a tree-planting biodiversity project.

What to watch

• Next half-year or quarterly results, to see whether operating margin holds near 3.3% or keeps falling.
• The contract amendment filed in September 2026 and any further major supply contracts, since the data does not give their size or terms.
• Share price weakness: the stock is down 8.9% over one year and foreign ownership has slipped to 1.1%; the data does not explain the cause.