Russell러셀

Russell's revenue and profit have fallen sharply, with a trailing loss and the share price down about 40% over the past year.

Russell refurbishes semiconductor deposition and etching equipment and makes warehouse robots through its subsidiary Russellobotics. For the twelve months to H1 2026 it reported revenue of ₩32.4B, an operating loss of ₩3.4B and a net loss of ₩3.1B, after a profitable 2024 and a ₩5.1B net loss in 2025. The share price closed at ₩1,300 on 2026-10-23, giving a market value of about ₩41.4B.

What stands out

• Revenue has fallen from ₩57.8B in 2021 to ₩27.1B in 2025, and the trailing figure to H1 2026 is ₩32.4B.
• Operating margin is -10.5% on a trailing basis, and free cash flow is negative at about -₩8.3B.
• Cash of ₩23.4B exceeds borrowings of ₩8.8B, and liabilities are 38.8% of equity.
• The model fair value range is ₩428 to ₩824 per share, with a base of ₩558, which is below the current ₩1,300 close; the data does not explain the gap.
• Recent filings are routine: the half-year report (Jun 2026), an extraordinary shareholders' meeting and a proxy solicitation document. No news headlines were included in the data.

What to watch

• The next quarterly or half-year results, to see whether losses narrow from the trailing -₩3.4B operating loss.
• Free cash flow and the cash balance, given the negative free cash flow and the reduction in cash relative to borrowings.
• Customer concentration with large chip makers such as SK hynix, which the profile names but the data does not quantify.