Hyosung ONB효성오앤비

Hyosung ONB's 2025 revenue and profit fell from 2024, and the shares are down sharply over the past year.

Hyosung ONB, a Korean fertilizer maker, reported FY 2025 revenue of ₩24.4B, down 13.1% year on year, with net income of ₩2.8B and an operating margin of 14.2%. At ₩4,390 the shares trade near their 52-week low of ₩3,860 and well below their high of ₩8,000, and the price is roughly 0.5 times book value. The data does not include recent news coverage, so the reasons behind the share price decline are not clear from the information provided.

What stands out

• Revenue has declined in 2025 and 2023, while 2024 net income of ₩4.5B was higher than 2025's ₩2.8B.
• Return on equity was 3.6% in 2025, down from 6.0% in 2024, indicating weak returns on shareholder capital.
• Cash of ₩25.6B exceeds borrowings of ₩7.2B, and liabilities are 14.5% of equity.
• The DCF model gives a base value of ₩6,108, with a bear case of ₩4,642 and a bull case of ₩8,525, above the current price in the base and bull cases.
• Foreign ownership is 2.2%, and the company pays no dividend, with the 2026 cash dividend decision listed in the filings.

What to watch

• The business description and filings do not give 2026 earnings guidance, so the next results will be the key check on whether revenue and margins recover.
• The corporate value-up plan filed on 30 September 2026 has no details in the data provided, so its content and timing are worth reviewing in the filing itself.
• Concentration on sales to the Nonghyup cooperative and the fertilizer business's exposure to agricultural demand are risks to monitor, although the data does not quantify them.