HYBE Co., Ltd. (352820.KS) stock analysis

In our weekly check, HYBE Co., Ltd. is graded D (A to F). Of 23 checks on debt, profit, cash flow and trend: 9 pass, warnings: 3, red flags: 11.

About HYBE Co., Ltd.

HYBE Co., Ltd. is a Communication Services company (Entertainment) based in South Korea, listed on KSC as 352820.KS.

What our checks show for 352820.KS

Red flags

• Net debt is 151x a year of EBITDA (debt/equity 0.29). That limits room in a downturn and raises refinancing risk.
• Operating profit does not cover the interest bill (-1.5x): interest is paid from cash or new debt.
• The net margin fell by 21.2 points over 5 years, to -10.3%: the company keeps less of each sale as profit.
• The gross margin fell by 20.9 points, to 28.7%: costs are rising faster than prices.
• Weak EPS growth
• The company is losing money: the net margin is -10.3%.
• HYBE Co., Ltd. pays a dividend while losing money: it is funded from reserves or debt.
• The price swings a lot: 56.4% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 74% from a peak. Would you have held through that?
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 232% of free cash flow: it dilutes shareholders.

Warning signs

• Free cash flow is only 2.9% of revenue.
• The stock is still below its previous peak.
• Thinly traded (about 230 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 0.35x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 19.9 points from today's -10.3%.
• Revenue grew 26.5% a year over the last 3 years.

Next earnings report: 2026-11-03

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Questions

What grade does HYBE Co., Ltd. (352820.KS) have?

In our weekly check, HYBE Co., Ltd. is graded D (A to F). Of 23 checks on debt, profit, cash flow and trend: 9 pass, warnings: 3, red flags: 11. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 352820.KS stock?

This week's biggest flags for HYBE Co., Ltd.: High debt, Weak interest cover, Margins falling. In total 14 of 23 checks show a warning or a red flag.

What does HYBE Co., Ltd. do?

HYBE Co., Ltd. is a Communication Services company (Entertainment) based in South Korea, listed on KSC as 352820.KS.

When does HYBE Co., Ltd. report earnings next?

The next earnings report is expected on 2026-11-03. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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