GMB KOREA Corp. (013870) AI Stock Analysis

GMB KOREA Corp.

(Korea Exchange:013870)

Select Model

Rating:64Neutral

Price Target:KRW 3,772.00▲(5.96% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is primarily supported by strong valuation (very low P/E and high dividend yield) and improving fundamentals in the latest period, but it is held back by weak technicals (price below all key moving averages and bearish MACD) and the key fundamental risk of historically inconsistent free cash flow despite the recent TTM rebound.

Positive Factors

Revenue ExpansionBroad revenue expansion indicates stronger business activity across the company’s automotive component operations. If maintained, this growth can improve fixed-cost absorption, deepen customer relationships, and provide a larger base for future earnings generation over the next several quarters.

Negative Factors

Modest ProfitabilityThin net and operating margins leave limited room for execution mistakes or cost pressure. Even with improving gross margin, modest conversion of sales into earnings can make results more sensitive to pricing cycles and restrict the pace at which profits can compound.

GMB KOREA Corp. (013870) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 67.90B
Dividend Yield: 7.02%
Average Volume (3M): 15.53K
Price to Earnings (P/E): 3.2
Beta (1Y): 0.18
Revenue Growth: 11.17%
EPS Growth: 84.50%
Country: KR
Employees: 754
Sector: General
Sector Strength: 55
Industry: Auto - Parts

GMB KOREA Corp. Business Overview & Revenue Model

Company Description

GMB KOREA Corp. is a global manufacturer and distributor of diverse automotive parts, serving markets both within South Korea and internationally. The company's extensive product portfolio encompasses key engine components, including water pumps, oil...

GMB KOREA Corp. Financial Statement Overview

Summary

Income statement strength is supported by strong revenue expansion and improved TTM profitability, with gross margin improving (about 14% in 2021 to ~16.7% TTM). However, overall profitability remains modest (TTM net margin ~2.6%, EBIT margin ~3.5%). Balance sheet leverage is moderate (TTM debt-to-equity ~0.74) with improving but mid-tier ROE (~7.3% TTM). Cash flow is the main risk: TTM free cash flow is solidly positive (~35B), but multi-year free cash flow volatility and multiple negative years indicate inconsistent cash conversion.

Income Statement

72Positive

Balance Sheet

66Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	823.68B	787.27B	726.71B	690.91B	610.51B	531.33B
Gross Profit	137.90B	128.29B	116.05B	105.56B	86.26B	73.35B
EBITDA	61.94B	55.36B	58.82B	51.85B	48.52B	44.37B
Net Income	21.37B	14.54B	15.37B	11.52B	11.84B	9.75B
Balance Sheet
Total Assets	719.77B	681.90B	630.54B	579.06B	550.82B	522.46B
Cash, Cash Equivalents and Short-Term Investments	32.48B	26.82B	25.45B	23.83B	24.86B	16.12B
Total Debt	226.67B	227.62B	198.83B	184.55B	169.68B	170.42B
Total Liabilities	403.51B	381.23B	345.03B	309.49B	282.99B	273.76B
Stockholders Equity	304.61B	290.02B	273.76B	260.05B	258.76B	239.72B
Cash Flow
Free Cash Flow	34.94B	-24.45B	-9.05B	-12.35B	13.51B	-20.87B
Operating Cash Flow	62.41B	7.10B	41.47B	20.85B	36.78B	4.83B
Investing Cash Flow	-25.99B	-25.26B	-53.86B	-33.85B	-19.86B	-29.06B
Financing Cash Flow	-43.13B	20.02B	6.09B	9.80B	-4.90B	12.36B

GMB KOREA Corp. Technical Analysis

Technical Analysis SentimentNegative

Last Price3560.00

Price Trends

50DMA3784.10Negative

100DMA3817.85Negative

200DMA4288.43Negative

Market Momentum

MACD-74.42Positive

RSI36.15Neutral

STOCH34.65Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:013870, the sentiment is Negative. The current price of 3560.00 is below the 20-day moving average (MA) of 3671.50, below the 50-day MA of 3784.10, and below the 200-day MA of 4288.43, indicating a bearish trend. The MACD of -74.42 indicates Positive momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of 34.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:013870.

GMB KOREA Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:013870 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:005850	75Outperform	KRW 2.14T	5.74	―	5.72%	10.27%	26.15%
KR:009900	73Outperform	KRW 402.45B	4.52	―	1.30%	15.44%	2.90%
KR:064960	69Neutral	KRW 500.74B	6.82	―	7.59%	0.60%	-2.90%
KR:013870	64Neutral	KRW 67.90B	3.18	―	7.02%	11.17%	84.50%
KR:015750	60Neutral	KRW 415.16B	3.99	―	3.53%	1.70%	29.50%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:204320	54Neutral	KRW 1.74T	9.07	―	2.02%	1.85%	-33.95%

* General Sector Average

Performance Comparison

KR:013870 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:013870	GMB KOREA Corp.	3560.00	-196.57	-5.23%
KR:005850	SL Corporation	48400.00	14485.77	42.71%
KR:009900	Myoung Shin Industry Co., Ltd.	7670.00	-1422.96	-15.65%
KR:015750	Sungwoo Hitech Co., Ltd	5190.00	-1254.42	-19.47%
KR:064960	SNT MOTIV CO., LTD	23700.00	-6317.31	-21.05%
KR:204320	HL Mando Co., Ltd.	37050.00	-541.16	-1.44%

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

GMB KOREA Corp. AI Stock Analysis