Lvmc Holdings엘브이엠씨홀딩스

Lvmc Holdings is reporting a sharp revenue rebound and a return to profit, but the shares have fallen about 41% over the past year.

Lvmc Holdings is a Laos-focused automotive holding company with operations in Myanmar, Cambodia and Vietnam, selling and assembling vehicles and providing parts and after-sales services. Filed figures for the trailing twelve months to H1 2026 show revenue of ₩295B, operating income of ₩40B and net income of ₩15B, after a loss-making 2021 to 2023. The share price, at ₩1,030 with a market value of about ₩199B, is near its 52-week low of ₩998 and well below its high of ₩1,854.

What stands out

• Revenue grew 27.5% in 2025 to ₩276B, and operating margin improved to 9.8% from 5.5% in 2024.
• Trailing net margin is 4.9% and ROE is 4.3%, but the company's earnings are small relative to its market value, so the valuation multiples (P/E around 13,659) are not meaningful for typical comparison.
• Borrowings of ₩82B exceed cash of ₩38B, though the filings show liabilities-to-equity at 0%.
• Foreign ownership slipped to 11.4% from 11.6% over 60 days, and foreign investors were net sellers over the last 20 days while retail investors were net buyers.
• Recent news covers the relaunch of affiliate KR Motors as 'Dynamac' with a stronger auto parts focus; the data does not explain the financial impact of this.

What to watch

• The filings include a share consolidation decision, a shareholders' meeting notice and a share cancellation decision; the terms and effect on shareholders are not detailed in the data provided.
• Full-year 2026 results are not yet in the data; the next scheduled report is not specified.
• The company pays no dividend (0% yield), and the data does not describe the risks in its Laos, Myanmar, Cambodia and Vietnam operations beyond the figures shown.