Seojin Automotive서진오토모티브

Seojin Automotive is loss-making on a trailing basis, with thin margins, heavy borrowings and a share price down sharply over the past year.

Seojin Automotive, a KOSDAQ-listed auto parts maker supplying Hyundai Motor, Kia and other global automakers, reported trailing revenue of ₩2.89T to H1 2026 but a net loss of ₩13.8B. Its operating margin is about 0.8%, borrowings are ₩1.08T against cash of ₩43B, and free cash flow is negative at ₩-204B. The share price closed at ₩1,475 on 27 October 2026, down 20.3% over one year and near its 52-week low of ₩1,455.

What stands out

• Revenue rose from ₩2.59T in 2024 to ₩2.94T in 2025, but the 2025 net loss widened to ₩24.8B from a ₩1.2B profit in 2024.
• Operating margin has narrowed from 3.0% in 2023 to 0.8% on a trailing basis, leaving little cushion for financing costs.
• Liabilities are about 394% of equity and the trailing return on equity is -11%, so balance-sheet strain is a key feature of the data.
• Book value multiple is about 0.2x, while P/E is not meaningful because earnings are negative; the data includes no fair value estimate.
• Foreign ownership fell from 1.5% to 1.1% over 60 days, and the 20-day flows show foreign investors net sellers.

What to watch

• The half-year report (filed 14 August 2026) and the next quarterly results, to see whether operating profit and free cash flow improve.
• Debt-related filings, including the February 2026 guarantee decision for another party and the 5%+ holding report from July 2026.
• The March 2026 filing on a 30% or more change in revenue or profit structure; the data does not explain its details. No recent news headlines were available.