Neooto네오오토

Neooto's revenue keeps growing, but profit has slipped from its 2024 peak and the stock has fallen about 17% over the past month.

Neooto makes gear components for car transmissions and electric vehicles, with Hyundai Transys, Hyundai Motor and Kia as main customers. On trailing twelve-month figures to H1 2026 it reports revenue of ₩236.6B... (see note) and an operating margin of 5.8%, while free cash flow is negative at about -₩6.2B. The share price is ₩8,620, well below its 52-week high of ₩16,100 but well above its low of ₩4,995.

What stands out

• Trailing revenue is about ₩236.6B and operating income about ₩13.7B, so margins are roughly flat at around 5 to 6% over recent years.
• Net income was ₩17.7B in 2024 and ₩14.9B in 2025, but trailing net income to H1 2026 is about ₩12.1B, so earnings have trended down from the 2024 peak.
• Valuation metrics are low: P/E about 9.6, P/B about 0.7 and a dividend yield of about 2.3%, though the fair value model gives a base value of ₩15,093 versus the current price, with a bear case of ₩7,353 and a bull case of ₩28,339.
• Trailing free cash flow is negative (about -₩6.2B), and borrowings of ₩12.6B sit against cash of ₩21.5B.
• Foreign ownership fell from 4.9% to 0.9% over about 60 days, and foreign investors were net sellers over the last 20 days, while retail investors were net buyers.

What to watch

• Several securities registration statements, amendments and a prospectus were filed in September and October 2026, and the data does not say what they relate to; the filings themselves should be read for details.
• A trading halt and an IR event were recorded in early September 2026; the data does not explain the reason.
• The next annual or half-year results and the trend in free cash flow, which turned negative on a trailing basis.