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HL Mando Co., Ltd.
(204320)
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Rating:54Neutral
Price Target:
$38,403.00
Action:N/A
Date:10/28/26
The score is held back primarily by weak technical momentum (price below key moving averages with bearish MACD/Stoch). Financial performance is mixed—growth and improving profitability are positives, but thin margins and variable cash conversion reduce quality. Valuation (low P/E with a ~2% yield) provides meaningful support and partially offsets the technical weakness.
Positive Factors
Revenue Growth
The sustained increase in revenue indicates that HL Mando is expanding its business across automotive components and maintaining demand for its systems. A larger revenue base can support operating scale, customer relationships, and continued investment in braking, steering, and suspension capabilities over the next several quarters.
Negative Factors
Thin Net Margins
Very thin net margins leave limited room for execution mistakes, cost increases, or weaker vehicle production without affecting earnings materially. Although profitability improved, the low margin base means modest operational pressure could quickly reduce returns and constrain the cash available for reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sustained increase in revenue indicates that HL Mando is expanding its business across automotive components and maintaining demand for its systems. A larger revenue base can support operating scale, customer relationships, and continued investment in braking, steering, and suspension capabilities over the next several quarters.
Read all positive factors
HL Mando Co., Ltd. (204320) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩1.81T
Dividend Yield1.94%
Average Volume (3M)231.21K
Price to Earnings (P/E)9.4
Beta (1Y)0.71
Revenue Growth3.50%
EPS Growth826.11%
CountryKR
Employees3,828
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)4085.13
Shares Outstanding46,957,120
10 Day Avg. Volume270,659
30 Day Avg. Volume231,207
Financial Highlights & Ratios
PEG Ratio-1.20
Price to Book (P/B)1.14
Price to Sales (P/S)0.29
P/FCF Ratio7.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4,271.6
Revenue Forecast (FY)₩9.80T
HL Mando Co., Ltd. Business Overview & Revenue Model
Company Description
Mando Corporation is a global supplier and manufacturer of a broad spectrum of automotive components, with its origins and headquarters in Pyeongtaek-si, South Korea. Its extensive product lineup includes advanced braking systems such as caliper a...
HL Mando Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.59T | 9.45T | 8.85T | 8.39T | 7.52T | 6.15T |
| Gross Profit | 1.52T | 1.37T | 1.46T | 1.12T | 1.11T | 996.42B |
| EBITDA | 739.02B | 715.65B | 718.60B | 600.70B | 628.87B | 595.56B |
| Net Income | 174.15B | 100.04B | 129.93B | 135.58B | 98.29B | 167.14B |
Balance Sheet | ||||||
| Total Assets | 7.57T | 7.14T | 7.05T | 6.29T | 5.85T | 5.70T |
| Cash, Cash Equivalents and Short-Term Investments | 834.29B | 808.84B | 555.47B | 641.79B | 566.90B | 861.60B |
| Total Debt | 2.48T | 2.33T | 2.37T | 2.16T | 2.07T | 2.36T |
| Total Liabilities | 4.74T | 4.55T | 4.58T | 3.93T | 3.77T | 3.86T |
| Stockholders Equity | 2.65T | 2.42T | 2.32T | 2.23T | 1.96T | 1.76T |
Cash Flow | ||||||
| Free Cash Flow | 252.40B | 371.59B | 97.13B | 91.86B | -338.46B | 165.07B |
| Operating Cash Flow | 562.24B | 715.44B | 427.26B | 429.39B | 46.17B | 412.76B |
| Investing Cash Flow | -357.49B | -361.80B | -395.38B | -322.41B | -137.36B | -376.64B |
| Financing Cash Flow | -135.96B | -92.02B | -170.94B | 18.23B | -237.40B | 236.42B |
HL Mando Co., Ltd. Technical Analysis
Negative
―
Price Trends
46768.00
Negative
48866.00
Negative
52886.16
Negative
Market Momentum
-2650.56
Positive
36.96
Neutral
18.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:204320, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 42005.00, equal to the 50-day MA of 46768.00, and equal to the 200-day MA of 52886.16, indicating a bearish trend. The MACD of -2650.56 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 18.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:204320.
HL Mando Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₩2.21T | 5.85 | ― | 5.55% | 10.27% | 26.15% | |
69 Neutral | ₩517.64B | 6.97 | ― | 7.35% | 0.60% | -2.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₩1.81T | 9.42 | ― | 1.94% | 3.50% | 826.11% | |
53 Neutral | ₩3.81T | -44.31 | ― | 4.46% | 4.95% | 85.11% | |
51 Neutral | ₩37.64B | 7.98 | ― | 2.57% | -6.73% | ― | |
50 Neutral | ₩1.34T | 25.61 | ― | 2.38% | 9.04% | -37.28% |
* General Sector Average
KR:204320
HL Mando Co., Ltd.
38,650.00
2,733.94
7.61%
KR:005850
SL Corporation
49,900.00
15,889.83
46.72%
KR:011210
Hyundai Wia Corporation
50,400.00
-4,826.85
-8.74%
KR:018880
Hanon Systems
3,710.00
12.73
0.34%
KR:041650
Sangsin Brake Co., Ltd.
1,944.00
-745.45
-27.72%
KR:064960
SNT MOTIV CO., LTD
24,500.00
-6,625.65
-21.29%
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.