Higen RNM하이젠알앤엠

Higen RNM remains loss-making on trailing numbers, and its shares have fallen sharply over the past year.

Higen RNM makes industrial motors, servo and robot drives, and EV motors and inverters, with most sales from induction motors. Over the trailing twelve months to H1 2026 it reported revenue of about ₩78B, an operating loss of about ₩10B and a net loss of about ₩7.1B. The shares closed at ₩19,650 on 2026-10-23, with a market cap of about ₩607B.

What stands out

• Trailing operating margin is -12.8% and net margin is -9.1%, with 2025 revenue down 3.1% year on year.
• Free cash flow is about -₩17B on the trailing numbers, and borrowings of ₩24.75B exceed cash of about ₩17B.
• Price is down 63.9% over one year and 33.2% over one month, though up 24.2% over three months; the 52-week range is ₩11,000 to ₩91,200.
• Price-to-book is 5.8 and price-to-sales is 7.8, well above the peers listed, while no P/E applies because earnings are negative.
• Foreign ownership fell from 3.8% to 0.6% over 60 days, while retail investors were net buyers over the last 20 days.

What to watch

• The next half-year or annual results, to see whether operating losses narrow from the trailing figures.
• Treasury share sale decision from 2026-10-16 and the pattern of insider shareholding reports filed on 2026-10-21.
• Whether the company's borrowings and negative free cash flow need further funding; the data does not say what plans exist.