Hecto Financial헥토파이낸셜

Hecto Financial's first-half 2026 profit is down from 2025 levels, though revenue has kept growing and the shares are well below their 52-week high.

Hecto Financial is a Korean payments and financial platform company, with trailing twelve-month revenue of ₩204.5B, operating income of ₩21.8B and net income of ₩15.1B to the first half of 2026. The shares closed at ₩18,900 on 2026-10-26, down 16.2% over one month but up 17.5% over one year, and sit far below the 52-week high of ₩45,000. The data shows a P/E of 17.5x and P/B of 1.5x, against a fair value model range of ₩4,520 to ₩13,776 with a base of ₩8,534.

What stands out

• Revenue grew 17.7% in 2025 to ₩187.4B, but net income fell to ₩9.3B from ₩9.7B in 2024 and ₩20.9B in 2021.
• Operating margin was 8.3% in 2025 and 10.7% on a trailing basis, compared with 13.9% in 2021.
• Cash of ₩247.6B against borrowings of ₩10B, although liabilities to equity is high at 187.5%.
• Foreign ownership fell from 7.2% to 5.4% over 60 days, while retail investors were net sellers of about ₩8.4B over the last 20 days.
• Recent news covers a memorandum of understanding with 't54' on risk management for AI agent payments and the company's digital asset network efforts.

What to watch

• The third-quarter results and any further filings, since the data does not include a scheduled date for the next report.
• Whether the valuation gap to the fair value model base case narrows, given the wide range between the bear and bull estimates.
• Margin trends, as profitability has declined from its 2021 peak while revenue has risen.