DH Autonex Co., Ltd. (000300) AI Stock Analysis

DH Autonex Co., Ltd.

(Korea Exchange:000300)

Select Model

Rating:59Neutral

Action:initiatedcoverage

Date:10/28/26

The score is led by improved but still volatile financial performance, with a key risk from weak cash-flow conversion and negative free cash flow despite the reported profitability rebound. Valuation is a meaningful positive due to the very low P/E, while technical positioning cannot be evaluated because technical indicator data is unavailable.

Positive Factors

2025 profitability reboundThe 2025 rebound shows that DH Autonex can generate meaningful revenue and operating profitability when conditions improve. Stronger margins provide internal funding capacity and may support business normalization, although durability depends on avoiding the sharp earnings swings seen in earlier years.

Negative Factors

Weak cash conversionNegative free cash flow means reported profitability is not yet translating into discretionary cash generation. Heavy reinvestment or working-capital drag can increase funding needs, limiting financial flexibility and making the recent earnings improvement less resilient if cash conversion remains weak.

DH Autonex Co., Ltd. Business Overview & Revenue Model

Company Description

Dayou Plus Co., Ltd., originally established in Gwangju-si, South Korea, in 1967, operates both domestically and internationally. This company, formerly known as Dayou Smart Aluminium Co., Ltd. until its name change in 2016, is diversified across sev...

DH Autonex Co., Ltd. Financial Statement Overview

Summary

Financials show a notable 2025 rebound (improved margins and strong growth) and an improved balance sheet versus prior years. However, results have been highly volatile (including deep losses and a period of negative equity), and cash-flow quality is weak with meaningfully negative free cash flow and uneven cash conversion, keeping overall financial performance in the mid-range.

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	44.76B	40.17B	32.38B	35.28B	536.68B	511.97B
Gross Profit	7.93B	8.33B	2.48B	-3.62B	66.50B	50.81B
EBITDA	8.71B	8.43B	127.45B	-62.67B	-17.11B	19.24B
Net Income	3.90B	4.16B	116.87B	-163.57B	-24.27B	1.99B
Balance Sheet
Total Assets	52.32B	51.23B	69.59B	56.62B	543.21B	594.39B
Cash, Cash Equivalents and Short-Term Investments	21.94B	6.59B	5.20B	10.14B	62.77B	97.33B
Total Debt	9.52B	9.69B	10.35B	76.64B	193.42B	200.72B
Total Liabilities	20.42B	19.13B	42.23B	183.49B	431.96B	455.49B
Stockholders Equity	36.09B	36.21B	34.67B	-119.56B	60.81B	103.68B
Cash Flow
Free Cash Flow	-13.74B	-2.97B	-13.00B	-60.62B	-2.95B	-41.72B
Operating Cash Flow	-5.79B	6.03B	-11.44B	-59.63B	15.44B	-13.74B
Investing Cash Flow	18.01B	9.54B	851.46M	35.27B	-9.58B	-53.87B
Financing Cash Flow	-14.44B	-13.20B	6.06B	-20.65B	-56.09M	82.42B

DH Autonex Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:000300 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:000300	59Neutral	KRW 30.48B	1.59	―	―	47.84%	-99.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:012160	46Neutral	KRW 24.39B	-0.44	―	―	-10.14%	14.27%
KR:308170	46Neutral	KRW 40.04B	-9.40	―	―	-0.78%	74.42%

* General Sector Average

Performance Comparison

KR:000300 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:012160	Youngwire Co., Ltd.	1741.00	-969.00	-35.76%
KR:012620	WONIL SPECIAL STEEL Co., Ltd.	7660.00	477.09	6.64%
KR:025440	DHAUTOWARE Co. LTD	2975.00	-1100.00	-26.99%
KR:059100	I-Components Co., Ltd	5980.00	1430.14	31.43%
KR:308170	CTR Mobility Co.,Ltd.	4650.00	-170.00	-3.53%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026

DH Autonex Co., Ltd. AI Stock Analysis