매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -26.1% 감소하며 영업이익률이 51.7%에서 42.9%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -26.1% (2023→2024)영업이익률 51.7%→42.9%영업CF 8,345→-3,496
HB Investment
440290 · KOSDAQ₩1,748-0.06%
2026-09-04 closeHB Investment last closed at ₩1,748 (-0.06%) on 2026-09-04. Listed on KOSDAQ; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
303 picks
Next-day win rate
50.7%
Avg next-day
-0.11%
vs market
-0.49%p
Every new-high-plus-volume pick we actually published (Korea market) — not this stock alone.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
A-
Overall: 증권 8/27 · top 27%
Factor composite · relative position in sector
Past reported results · not investment advice
More — deeper indicators
Annual dividend
Split-adjusted annual DPS history and available grade axes
Consistency
D
Yield
A+
Paid 1 consecutive years · Raised 0 consecutive years · Yield 11.44% (based on 2025 payment of 200원)
Per-share amount adjusted for splits and capital reductions · Factual information, not investment advice.
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 22.45
Distress
Grey
Safe
- Altman Z''
- 22.45
- Beneish M-Score
- -1.60
- Sloan accrual
- 10.37%
Statistical manipulation-risk signal
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
3/9Weak
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score3/9
Profitability
- Positive ROAPass
- Positive OCFNot passed
- Improving ΔROANot passed
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtPass
- Higher current ratioNot passed
- No new sharesPass
Efficiency
- Higher gross marginNot passed
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
Revenue qualityDanger
매출 흑자인데 영업CF 적자 (OCF/매출 -23%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Margin trendWarning
영업이익률 악화 (51.7% → 42.9%, -8.8%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Industry structure
KRAs of 2026-09-05증권
This stock is in 증권: revenue rank 25 of 26, share 0%.
25 / 260%revenue share
Who dominates this industry?
- 1미래에셋증권18.8%
- 2한국금융지주17.4%
- 3다우데이타11.3%
- 4다우기술10.9%
- 5키움증권10.4%
- 6HB인베스트먼트0%
Concentration
DistributedCR3 47.5%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
Homogeneous levelingConsistentPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 1.28
- Direction
- 축소
- Level
- 좁음
- Years
- 7
Value lens
- P90/P10
- 3.8
- Median P/B
- 0.6
- Level
- 좁음
- n
- 24
Survivorship note: 현재 산업 멤버십을 과거 연도에 소급 적용 — 과거 진입·퇴출 기업 미반영(복원 불가)
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 42.9%
- Interest coverage
- 79.8x
- Return on equity (ROE)
- 6.9%
Operating margin −5pp
TolerableInterest coverageBase 79.8x adverse case 70.5x
Return on equity (ROE)Base 6.9% adverse case 6.5%
Revenue −15%
TolerableInterest coverageBase 79.8x adverse case 67.9x
Return on equity (ROE)Base 6.9% adverse case 6.2%
Interest rate +2pp
TolerableInterest coverageBase 79.8x adverse case 37.6x
Return on equity (ROE)Base 6.9% adverse case 7.2%
Interest coverage limit
Current margin 42.3ppInterest coverage limit at an operating margin of 0.5%
Interest expense coverage threshold
Connections
AI-extracted related companies · for reference
Customers
LG에너지솔루션Price comovement r=0.15 (1 year)삼성SDIPrice comovement r=0.17 (1 year)SK하이닉스Price comovement r=0.15 (1 year)삼성전자Price comovement r=0.19 (1 year)NAVERPrice comovement r=0.22 (1 year)카카오Price comovement r=0.17 (1 year)셀트리온Price comovement r=0.23 (1 year)에이프로젠Price comovement r=0.07 (1 year)한화솔루션Price comovement r=0.25 (1 year)두산에너빌리티Price comovement r=0.20 (1 year)
Competitors
Same theme
한국벤처투자
Recent filings
HB Investment's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
About HB Investment
- What technical signals does HB Investment (440290) have?
- HB Investment current technical signals: no active technical signal.
- Is HB Investment a cup-and-handle pattern?
- No. HB Investment has no valid cup-and-handle signal right now.
- What are HB Investment's financials and valuation?
- HB Investment's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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