Which companies are HLB innoVation's closest peers?

The cockpit's peer set: Bystronic (BYS.SW), Energy Recovery (ERII), Sichuan Kexin Mechanical & Electrical Equipment (300092.SZ), Lanpec Technologies (601798.SS), Jash Engineering (JASH.NS), Heidelberger Druckmaschinen (HDD.DE), Robostar (090360.KS), Pitti Engineering (PITTIENG.NS).

Is HLB innoVation expensive compared with its peers?

On ev / sales it trades at 13.8× against a peer median of 1.6×, most expensive of 21 in its peer set.

How has HLB innoVation stock performed?

Over six months to 6 Nov 2026 the shares returned -37.9% against -22.0% for the median peer; over one year +52.1%.

← CockpitCompetitor Analysis › 024850.KS HLB innoVation Co., Ltd.Open in the cockpit ↗

HLB innoVation Co., Ltd.024850.KSCompetitor analysis, valuation and peers

South Korea · KRW·Industrials›Industrial Machinery

Momentum leader 86

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$366M

US dollars, full cap

Free float

50%

of shares outstanding

$/day

$1.95M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-16.4 pp

WACC 5.4%

Hurdle

n/a

no reverse DCF

Close · KRW₩14,340

1D-8.2%

1W+2.0%

1M-20.2%

3M+46.8%

6M-37.9%

YTD+43.8%

1Y+52.1%

ATR %10.2%

52w lowhigh50.7% off high

What HLB innoVation does

Employees: 61

HLB innoVation at a glance

Size HLB innoVation (024850.KS) is a South Korea Industrials company (Industrial Machinery) with a market value of $366M, the 421st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩14,340 on 6 Nov 2026.

Performance Over six months the shares fell 37.9%, against -22.0% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 21.0% over the last twelve months (peer median +2.6%); the operating margin is -105.8% (peer median 5.9%).

Valuation It trades at 13.8× enterprise value to sales against a peer median of 1.6× (most expensive of 21).

Capital Return on invested capital runs 16.4 points below its cost of capital (5.4% WACC).

Relative performance

Six months, rebased to 100: HLB innoVation against the median of its 20 peers (local-currency closes).

HLB innoVation financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2021
Revenue	₩35.8B	₩32.3B	₩25.4B	₩27.4B	₩50.7B
Revenue growth	—	+27%	-8%	-46%	—
Gross profit	₩5.38B	₩3.02B	₩5.58B	₩4.25B	₩5.15B
EBITDA	-₩35.7B	-₩35.5B	-₩10.6B	₩52.9M	₩2.71B
Net income	-₩32.6B	-₩33.4B	-₩12.3B	-₩1.01B	-₩844M
Free cash flow	-₩28.8B	-₩31.0B	-₩27.6B	₩1.12B	₩422M
Capital expenditure	₩624M	₩898M	₩19.7B	₩760M	₩480M
Total debt	₩40.0B	₩36.2B	₩6.09B	₩32.6B	₩13.9B

Quarterly statements and history in the cockpit →

HLB innoVation competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. HLB innoVation is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. HLB innoVation is the large dot.

HLB innoVation competitors and peer comparison

How HLB innoVation compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

HLB innoVation against its 20 peers (data as of 6 Nov 2026)
Measure	024850.KS	Peer median	Rank in peer set
1-month return	-20.2%	-8.0%	4th lowest of 21
6-month return	-37.9%	-22.0%	2nd lowest of 21
Distance from 52-week high	-50.7%	-34.1%	4th lowest of 21
Revenue growth (TTM)	+21.0%	+2.6%	4th highest of 21
Operating margin	-105.8%	5.9%	lowest of 21
EV / Sales	13.8×	1.6×	most expensive of 21
ROIC minus cost of capital	-16.4 pp	-2.8 pp	lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
HLB innoVation 024850.KS	South Korea	$366M	-38%	+21%	-106%	13.8×	n/a	n/a
Bystronic BYS.SW	Switzerland	$366M	-23%	-2%	-6%	0.1×	n/a	n/a
Energy Recovery ERII	United States	$365M	-22%	-15%	16%	2.3×	1.5%	+2.6%
Sichuan Kexin Mechanical & Electrical Equipment 300092.SZ	China	$363M	-38%	-1%	6%	2.0×	n/a	n/a
Lanpec Technologies 601798.SS	China	$370M	-24%	+33%	4%	2.5×	43.1%	-3.3%
Jash Engineering JASH.NS	India	$362M	+29%	+1%	12%	4.5×	28.8%	+19.8%
Heidelberger Druckmaschinen HDD.DE	Germany	$370M	-23%	-5%	2%	0.2×	n/a	n/a
Robostar 090360.KS	South Korea	$371M	-29%	+26%	-2%	5.0×	n/a	n/a
Pitti Engineering PITTIENG.NS	India	$361M	-9%	+15%	11%	1.9×	n/a	n/a
Rieter RIEN.SW	Switzerland	$371M	-31%	+20%	-4%	1.1×	n/a	n/a
Sunpower 5GD.SI	Singapore	$360M	+11%	0%	22%	1.7×	-12.8%	+17.8%
Zhejiang Tongxing Technology 301252.SZ	China	$372M	-17%	+34%	7%	1.6×	n/a	n/a
Symphony SYMPHONY.NS	India	$373M	-37%	+2%	12%	2.8×	n/a	n/a
Tsubakimoto Kogyo 8052.T	Japan	$359M	+6%	-1%	5%	0.2×	n/a	n/a
Prince Pipes And Fittings PRINCEPIPE.NS	India	$359M	+15%	+5%	5%	1.3×	22.6%	+4.6%
Guangzhou Tech-Long Packaging Machinery 002209.SZ	China	$359M	-22%	+8%	8%	1.2×	1.0%	+14.7%
Shanghai Automobile Air-Conditioner Accessories 603107.SS	China	$357M	-18%	+3%	6%	0.8×	-4.6%	+13.5%
SFA NEXEL 222080.KS	South Korea	$376M	-62%	-43%	11%	0.8×	-14.8%	+28.1%
Ningbo Heli Technology 603917.SS	China	$376M	-2%	+15%	1%	2.8×	n/a	n/a
Avingtrans AVG.L	United Kingdom	$377M	+17%	+4%	8%	1.8×	18.3%	+10.6%
NORMA NOEJ.DE	Germany	$353M	-23%	-21%	-4%	0.4×	-8.6%	-2.9%

Questions

Which companies are HLB innoVation's closest peers?: The cockpit's peer set: Bystronic (BYS.SW), Energy Recovery (ERII), Sichuan Kexin Mechanical & Electrical Equipment (300092.SZ), Lanpec Technologies (601798.SS), Jash Engineering (JASH.NS), Heidelberger Druckmaschinen (HDD.DE), Robostar (090360.KS), Pitti Engineering (PITTIENG.NS).
Is HLB innoVation expensive compared with its peers?: On ev / sales it trades at 13.8× against a peer median of 1.6×, most expensive of 21 in its peer set.
How has HLB innoVation stock performed?: Over six months to 6 Nov 2026 the shares returned -37.9% against -22.0% for the median peer; over one year +52.1%.