LX HausysLX하우시스

LX Hausys is loss-free on a trailing basis but earns very thin margins, and its shares are well off their 52-week high.

Trailing twelve-month revenue to H1 2026 is about ₩3.3T with operating income near ₩94B and net income near ₩36B, a rebound from a net loss of ₩44B in 2025. The balance sheet carries borrowings of ₩748B against cash of ₩376B, and liabilities are about 161% of equity. The shares closed at ₩29,250, roughly 32% below the 52-week high of ₩43,000.

What stands out

• Trailing operating margin is 2.8% and net margin 1.1%, and ROE is 4%, so profitability is modest.
• 2025 was weak: revenue fell 11% to about ₩3.18T and net income was a loss of about ₩44B, after a much larger loss of about ₩117B in 2022.
• Trailing free cash flow is about ₩231B, which is positive but sits alongside substantial debt.
• Valuation multiples are low, with P/E about 7.2 and P/B about 0.3, and the company pays no dividend in the data provided.
• Foreign ownership rose to 16.1% from 15% about 60 days earlier, while domestic retail and institutional investors were net sellers over the last 20 days.
• The company's DCF-based fair value figure in the data is ₩49,632 (base case), but the bear and bull values shown are widely spread and the model's assumptions are not described, so treat it with caution.

What to watch

• The full-year 2026 results, since the data only covers trailing figures through H1 2026.
• Debt levels: recent filings include a decision to increase short-term borrowings and debt guarantees for third parties, and the data shows borrowings well above cash.
• Whether the share price stays near its 52-week low range, given a 1-month return of -12.3% and a 1-year return of 1.7%.