Harim하림

Harim's trailing profits are thin but positive, with the shares near the bottom of their 52-week range.

Harim is a vertically integrated Korean poultry company selling fresh chicken, processed foods and animal feed, mainly to supermarkets, chicken chains and distributors. For the twelve months to H1 2026 it reported revenue of ₩1.48T, operating income of ₩49.9B and net income of ₩18.4B, with borrowings of ₩408B against cash of ₩93B. The share price is ₩2,645, about 26% above its 52-week low of ₩2,550 and well below its high of ₩3,565.

What stands out

• Operating margin is 3.4% and net margin 1.2% on a trailing basis, so the business earns little per won of sales.
• Full-year 2025 net income of ₩38.5B was much stronger than 2024's loss of ₩12.3B, with revenue up 12%.
• Liabilities are 169.5% of equity, and borrowings far exceed cash, so leverage is a visible feature of the balance sheet.
• Trailing P/E of 15.3 and P/B of 0.8 are below several listed food peers such as Samyang Foods and Otoki, though the data does not explain why.
• Over the past year the shares are down 9.9%, while foreign ownership has held steady at 5.2% over the last 60 days.

What to watch

• The amended half-year report filed on 8 October 2026 and the upcoming full-year results, which will show whether margins hold.
• The company's plan to normalise Homeplus Express by year-end, which the news flags as a point Harim has said it will not add to by acquisition.
• Debt levels and the 5%+ holding report filed on 1 October 2026; the data does not say what the holding change means.