Eco Volt에코볼트

Eco Volt is a small auto-parts maker whose shares have fallen sharply over the past year, with a merger process under way and a trading halt filed today.

Eco Volt reported trailing twelve-month revenue of about ₩154.9B and a small operating profit of ₩5.4B as of H1 2026, after heavy losses in 2021 to 2024. The company has ₩86.5B in cash against very little borrowing, but its share price is down 55.5% over one year and it trades at a market value of about ₩27.9B. Filings show a merger decision and related shareholder meetings running from July to September 2026.

What stands out

• Trailing revenue of about ₩154.9B and operating margin of 3.5% are a turnaround from the operating losses in 2021 to 2024, though 2025 operating income was only ₩1.1B on ₩217.4B revenue.
• Net income is thin at ₩0.5B on a trailing basis, and the reported P/E of 53.3 reflects that low profit rather than a cheap valuation.
• Borrowings are very small at ₩0.4B and liabilities are 8.6% of equity, while cash is ₩86.5B, which is large relative to the market value.
• 2025 net loss was ₩18.3B, and the book value multiple of about 0.1 sits well below larger peers such as Hyundai Mobis at 0.6.
• Foreign ownership fell from 0.3% to 0.2% over 60 days, and the data shows no dividend and no short-selling balance.

What to watch

• The trading halt filed on 2026-10-20 and the outcome of the merger process, which the data does not explain in detail.
• The next filings from the shareholders' meeting and any further amendments to the merger decision.
• Whether trailing operating profit holds up in the full-year 2026 results, which are not yet in the data.