Hallacast한라캐스트

Hallacast is a small auto-parts maker whose shares have fallen sharply over the past year, with thin profitability and high debt.

Hallacast makes precision aluminum, magnesium and zinc parts, mainly for automotive uses, with customers including LG Electronics, Hyundai Mobis and Samsung Electro-Mechanics. On trailing figures to H1 2026 it had about ₩155.9B in revenue, a 6.6% operating margin and a 2.3% net margin, but borrowings of ₩86.5B are large relative to its ₩6.2B cash. The share price closed at ₩9,490 on 2026-10-23, down 28.9% over one year, though up 28.4% over three months.

What stands out

• Trailing profitability is modest: operating margin 6.6%, net margin 2.3% and ROE 3.3%.
• Liabilities are 123.7% of equity and borrowings are ₩86.5B against ₩6.2B of cash.
• Valuation is high against peers on trailing earnings: P/E about 94.7 versus roughly 6 to 18 for listed auto-parts peers with P/E data, and P/B 3.1 versus 0.4 to 0.8 for most peers.
• The discounted cash flow model in the data gives a base value of ₩288 per share, far below the ₩9,490 close, with a bull value of ₩2,429; the bear value is listed as 0.
• Recent filings include a debt guarantee for another party in September 2026 and a half-year report for June 2026; no news headlines were included in the data.

What to watch

• The next quarterly or annual results, and whether margins hold near the trailing levels.
• Details of the September 2026 debt guarantee for another party and any effect on borrowings.
• Foreign ownership, which fell from 2.9% to 1.8% over the past 60 days; the pack does not say why.