- P/E
- —
- P/B
- —
- EPS
- —
- BVPS
- —
- ROE
- 17.0%
- ROA
- 4.6%
- Market price
- 36,000 13 Oct 2026
The current picture
What Is Changing
On a Năm 2025 basis, HAM posted slightly higher revenue but margins narrowed — the two forces offset each other, leaving the overall picture largely unchanged — the growth momentum has held across consecutive periods. What remains unclear is which side will dominate in coming periods.
Inside the statements
A closer look at what is happening inside the business
A company's statements are read with the questions that fit its type of business.
Is the profit sustainable?
Margins are broadly flat — earnings quality is the factor to watch.
What is driving the margin?
●Track net margin changes and the operating components against the same period last year.
None
- Net Margin
- 1.56% −0.1pp
- Gross Margin
- None
- SG&A / Revenue
- None
Is capital being used efficiently?
Evaluate capital, asset, and working-capital efficiency.
Balance Sheet
●Focus on inventory, liability structure, and year-end cash balance.
Inventory ended the period at 188.7bn, roughly 16.2% of total assets.
Over the last 12 months, working capital released 0.0bn of cash.
Working Capital Efficiency
●Track receivable, inventory, and payable turns to judge working-capital efficiency.
Track DSO, DIO, DPO components to evaluate working capital turnover efficiency.
Is financial risk significant?
High leverage combined with negative operating cash flow — this area needs close monitoring.
What to verify next
Questions for the next period
Durability of revenue growth after the current +9,1% YoY pace.
Ability to hold margins around the current 1.56% level.
Cash-flow quality, with operating cash flow currently at -72.7bn in 2025.
From one stock to the whole portfolio
Where does this stock stand
among the rest of your investments?
Each stock is only one part of the wider picture. Looking at investments side by side makes their contribution, risks and opportunities across the portfolio clearer.
How much does this stock
contribute to the portfolio?
Its weight and influence across the assets held for investment.
Is the portfolio
well balanced?
How holdings, sectors and asset groups are distributed in relation to overall risk.
What other opportunities
or risks may be present?
What becomes visible only when investments are viewed together rather than one ticker at a time.