Hims힘스

Hims is still loss-making on a trailing basis, though its shares trade near half of book value and well below their 52-week high.

Hims makes OLED display production equipment and some semiconductor and healthcare inspection tools, selling mainly to Korean and Chinese panel makers. Trailing twelve-month revenue to H1 2026 was about ₩63.3B, with an operating loss of about ₩10.1B and a net loss of about ₩14.0B. The share price is ₩2,300, giving a market capitalisation of about ₩26.0B and a price-to-book ratio of 0.5.

What stands out

• Revenue recovered from 2025's ₩59.3B to ₩63.3B on a trailing basis, but operating margin is still negative at about -16%.
• Losses have been recurring: operating losses in 2021, 2022 and 2025, with 2024 only just profitable at the operating line and 2023 the only clearly profitable year in the data.
• Free cash flow is negative at about -₩6.0B, and borrowings of ₩13.4B exceed cash of about ₩1.0B.
• The share price is down 37.8% over one year but up 6.5% over three months, and sits between its 52-week low of ₩2,005 and high of ₩3,955.
• Foreign ownership fell slightly to 1.3% and the 20-day flows show foreign selling, while retail investors were net buyers; no news headlines were included in the data.

What to watch

• The next full-year or quarterly results, to see whether revenue growth turns into an operating profit.
• Future filings on major sales or supply contracts, since the July 2026 contract filing was amended twice.
• Debt levels and cash generation, given borrowings above cash and negative free cash flow; the data does not include any forecasts or analyst views.