Samhyun삼현

Samhyun's share price has risen sharply over the past year, but the company is loss-making on a trailing basis in H1 2026.

Samhyun makes motors, controllers and reducers for automotive parts, with Hyundai Motor Group as a main customer, and is developing defense and robot drive modules. Trailing twelve-month figures to H1 2026 show revenue of ₩83.6B, an operating loss of ₩10.5B and free cash flow of minus ₩60.5B, a sharp swing from profits in 2023 and 2024. The share price is ₩47,550, up 53.1% over one year but down 8.4% over one month.

What stands out

• Trailing revenue is ₩83.6B, below the ₩95.0B reported for 2025 and ₩100.4B for 2024, and the operating margin is -12.6%.
• 2025 was only marginally profitable at a 0.8% operating margin, down from 5.5% in 2024 and 9.8% in 2023.
• Borrowings are ₩52.3B against cash of ₩8.0B, and liabilities are 63.9% of equity.
• The valuation is 12.8 times book value with no earnings-based P/E, while listed peers trade at 0.4 to 0.8 times book value.
• Foreign ownership fell from 1.8% to 1.2% over 60 days, while retail investors were net buyers over the last 20 days.

What to watch

• The next half-year or annual filings, to see whether losses narrow and free cash flow improves from minus ₩60.5B.
• The October 2026 filing on the decision to acquire the company's own convertible bonds before maturity, and what it means for the balance sheet.
• Whether the major supply contract amendments and the defense and robot programmes named in the profile translate into reported revenue; the data gives no details on their size.