Hyundai Hyms현대힘스

Hyundai Hyms still grows revenue and profit, but its shares have fallen sharply over the past year.

Hyundai Hyms makes ship blocks and marine piping for major Korean shipbuilders, and its trailing twelve-month revenue reached ₩264.9B with operating income of ₩34.0B as of H1 2026. The share price is ₩10,380, down 54.4% over one year and close to its 52-week low of ₩10,150. The data does not explain the cause of the decline.

What stands out

• Revenue rose from ₩189.2B in 2023 to ₩248.2B in 2025, and operating margin improved from 7.6% to 11.6% over the same period.
• Trailing net income of ₩24.9B gives a net margin of 9.4%, and the balance sheet looks modest with liabilities at 26.9% of equity and cash of ₩43.4B against borrowings of ₩22.7B.
• The company's own discounted cash flow base value is ₩13,138, above the current price, though the bear case is ₩7,717 and the bull case is ₩22,220.
• Trailing P/E of 14.8 is below HD Hyundai Heavy Industries at 12.7 only in the sense of being higher; it sits between the lowest and highest peers, which range from 4.7 to 26.2.
• Recent filings include a major sales or supply contract amendment and a share acquisition decision, but the filings do not state their financial impact in the provided data.

What to watch

• Next quarterly or annual results and whether revenue and margin growth continue, since the data does not include forecasts.
• Details of the share acquisition decision and the amended supply contract, which the provided data does not describe.
• Customer concentration on a few large Korean shipbuilders, which the company profile names as a core dependency.