Hyundai Industrial현대공업

Hyundai Industrial is a small seat-parts maker whose trailing profit is positive but whose shares have fallen 27% over the past year.

The company supplies automotive seat components, mainly to Hyundai Motor and Kia, and reported trailing-twelve-month revenue of ₩362B, operating income of ₩17.3B and net income of ₩23.1B to H1 2026. The shares closed at ₩4,755 on 2026-10-22, giving a market capitalisation of ₩72.9B and a price-to-earnings ratio of 3.2. Free cash flow was negative at about -₩2.0B over the same period.

What stands out

• Revenue slipped from ₩367.9B in 2025 to ₩362B on a trailing basis, while operating margin is 4.8% against 3.3% for 2025.
• Net income (₩23.1B) is well above operating income (₩17.3B) on a trailing basis; the data does not explain the gap.
• Cash of ₩27.1B exceeds borrowings of ₩14.9B, and liabilities are 50.5% of equity.
• Valuation metrics are low (P/E 3.2, P/B 0.4, EV/EBITDA 2.9) and the listed dividend yield is 6.3%, but the data does not show dividend payment history beyond the 2026 decision filing.
• The April 2026 corporate value-up plan is the only strategy-related filing listed; the news feed contains no headlines for the period.
• The internal DCF model gives a base value of ₩13,342 against a ₩4,755 share price, with bear and bull values of ₩4,012 and ₩30,050; these are model outputs, not forecasts or price targets.
• Foreign ownership rose slightly to 4.9% and foreign investors were net buyers over 20 days, while retail investors were net sellers by about ₩98M.

What to watch

• The next quarterly results and filings after the half-year report of 12 August 2026, which the data does not yet include.
• Whether free cash flow turns positive, given the negative trailing figure and ₩14.9B of borrowings.
• Follow-through on the value-up plan and whether the 6.3% dividend yield is maintained; the data shows only the 2026 dividend decision filing.
• Data inconsistency to check: the company facts give a founding date of 1978-09-12 while the English profile says 1969.