MOT엠오티

MOT's shares have fallen sharply over the past year, though its latest filings show a profitable half-year and a new supply contract.

MOT makes battery assembly and automation equipment for battery and automaker customers, including Samsung SDI and SK On. Trailing results to H1 2026 show revenue of ₩91.7B, operating income of ₩6.2B and net income of ₩5.6B, after revenue fell 11.1% in 2025. The share price is ₩6,000, down 27.5% over one year but up 14.7% over three months.

What stands out

• Trailing operating margin is 6.8% and net margin 6.1%, below the 2024 operating margin of 7.7%.
• 2025 revenue declined 11.1% and net income fell from ₩6.1B in 2024 to ₩3.5B.
• Balance sheet shows ₩42.9B in borrowings against ₩22.0B in cash, with liabilities at 134% of equity.
• Valuation metrics are a trailing P/E of 12.1, P/B of 1.1 and a 1.7% dividend yield; the data gives a DCF base value of ₩4,006, below the current price.
• Recent filings include a major sales or supply contract (Oct 21, 2026) and a 5%+ holding report, while foreign ownership slipped from 2.1% to 2.0% over 60 days.

What to watch

• Next periodic results and whether margins hold near the trailing 6.8% level after the 2025 revenue decline.
• Details and revenue impact of the October 2026 supply contract, which the data does not describe.
• Debt levels relative to cash, and the outcome of the share buyback trust termination and share cancellation decision from September 2026.