Companies/Consumer Discretionary/002070

002070$355.0058

Vivien Corp

Apparel & AccessoriesVerified

Score breakdown

Valuation+27Sentiment+18Risk penalty-3Missing signals-1

Quality breakdown

Key fields100Profile38Conclusion97AI synthesis40Observations13

Capital Structure and Liquidity Vivien Corp's capital structure is heavily leveraged, with a debt-to-equity ratio of 1.09, indicating significant reliance on debt financing [doc:002070.KS:valuation_snapshot]. The company's liquidity position is weak, as evidenced by a current ratio of 0.83, suggesting it may struggle to meet short-term obligations [doc:002070.KS:valuation_snapshot]. The negative net cash position after subtracting total debt further exacerbates liquidity concerns [doc:002070.KS:risk_assessment]. ### Profitability and Returns Vivien Corp is currently unprofitable, with a net loss of KRW 15.33 billion and an operating loss of KRW 359.46 million [doc:002070.KS:financial_snapshot]. The company's return on equity (ROE) is -18.58%, and return on assets (ROA) is -7.58%, both significantly below industry norms for Apparel & Accessories firms [doc:002070.KS:valuation_snapshot]. Gross profit of KRW 120.54 billion represents 54.2% of revenue, but this is insufficient to cover operating expenses [doc:002070.KS:financial_snapshot]. ### Segments and Geographic Exposure Vivien Corp operates in a single disclosed segment focused on women's undergarments and related apparel. The company's revenue is concentrated in domestic and overseas markets, but no specific geographic breakdown is provided in the input data [doc:002070.KS:description]. This lack of geographic diversification may expose the company to regional economic fluctuations. ### Growth Trajectory Vivien Corp's revenue of KRW 222.45 billion in the latest period is below the analyst estimate of KRW 160.56 billion, indicating a potential overestimation of performance [doc:002070.KS:ir_observations]. The company's operating cash flow is negative at KRW -27.57 billion, and free cash flow is also negative at KRW -2.93 billion, signaling a lack of internal cash generation to support growth [doc:002070.KS:financial_snapshot]. ### Risk Factors The company faces medium liquidity risk and low dilution risk [doc:002070.KS:risk_assessment]. The negative net cash position after subtracting total debt is a key flag, indicating potential challenges in maintaining financial stability [doc:002070.KS:risk_assessment]. No dilution sources are explicitly identified in the input data, but the low dilution risk suggests minimal pressure from equity issuance [doc:002070.KS:risk_assessment]. ### Recent Events No recent filings or transcripts are provided in the input data to inform recent events or strategic developments [doc:002070.KS:description].

Profile

CompanyVivien Corp

Ticker002070.KS

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryApparel & Accessories

AI analysis

Business. Vivien Corp is a Korea-based manufacturer of women's underwears, producing lingerie, foundations, and related apparel under multiple brand names, and distributing products domestically and internationally [doc:002070.KS:description].

Classification. Vivien Corp is classified in the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Apparel & Accessories industry with 92% confidence [doc:002070.KS:classification].

### Capital Structure and Liquidity Vivien Corp's capital structure is heavily leveraged, with a debt-to-equity ratio of 1.09, indicating significant reliance on debt financing [doc:002070.KS:valuation_snapshot]. The company's liquidity position is weak, as evidenced by a current ratio of 0.83, suggesting it may struggle to meet short-term obligations [doc:002070.KS:valuation_snapshot]. The negative net cash position after subtracting total debt further exacerbates liquidity concerns [doc:002070.KS:risk_assessment]. ### Profitability and Returns Vivien Corp is currently unprofitable, with a net loss of KRW 15.33 billion and an operating loss of KRW 359.46 million [doc:002070.KS:financial_snapshot]. The company's return on equity (ROE) is -18.58%, and return on assets (ROA) is -7.58%, both significantly below industry norms for Apparel & Accessories firms [doc:002070.KS:valuation_snapshot]. Gross profit of KRW 120.54 billion represents 54.2% of revenue, but this is insufficient to cover operating expenses [doc:002070.KS:financial_snapshot]. ### Segments and Geographic Exposure Vivien Corp operates in a single disclosed segment focused on women's undergarments and related apparel. The company's revenue is concentrated in domestic and overseas markets, but no specific geographic breakdown is provided in the input data [doc:002070.KS:description]. This lack of geographic diversification may expose the company to regional economic fluctuations. ### Growth Trajectory Vivien Corp's revenue of KRW 222.45 billion in the latest period is below the analyst estimate of KRW 160.56 billion, indicating a potential overestimation of performance [doc:002070.KS:ir_observations]. The company's operating cash flow is negative at KRW -27.57 billion, and free cash flow is also negative at KRW -2.93 billion, signaling a lack of internal cash generation to support growth [doc:002070.KS:financial_snapshot]. ### Risk Factors The company faces medium liquidity risk and low dilution risk [doc:002070.KS:risk_assessment]. The negative net cash position after subtracting total debt is a key flag, indicating potential challenges in maintaining financial stability [doc:002070.KS:risk_assessment]. No dilution sources are explicitly identified in the input data, but the low dilution risk suggests minimal pressure from equity issuance [doc:002070.KS:risk_assessment]. ### Recent Events No recent filings or transcripts are provided in the input data to inform recent events or strategic developments [doc:002070.KS:description].

Key takeaways

Vivien Corp is operating at a net loss with negative returns on equity and assets.
The company's liquidity position is weak, with a current ratio below 1 and negative net cash after debt.
Revenue concentration in a single product category and geographic markets increases exposure to demand volatility.
The company's capital structure is highly leveraged, with debt exceeding equity.
No recent strategic developments or events are disclosed to suggest a turnaround in performance.
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## RATIONALES
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Financial snapshot

PeriodHA-latest

CurrencyKRW

Revenue$222.45B

Gross profit$120.54B

Operating income-$3.59B

Net income-$15.33B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$27.57B

CapEx-$2.31B

Free cash flow-$2.93B

Total assets$202.25B

Total liabilities$119.75B

Total equity$82.50B

Cash & equivalents—

Long-term debt$89.56B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$222.45B-$3.59B-$15.33B-$2.93B

FY-1$221.74B$9.04B-$1.04B-$5.81B

FY-2$217.30B$4.75B-$7.78B-$6.24B

FY-3$213.05B$2.00B-$8.04B-$5.69B

FY-4$187.86B$1.60B-$3.21B-$1.89B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$202.25B$82.50B——

FY-1$257.40B$87.05B——

FY-2$191.08B$88.11B——

FY-3$201.06B$96.31B——

FY-4$198.17B$103.27B——

PeriodOCFCapExFCFSBC

FY0-$27.57B-$2.31B-$2.93B—

FY-1-$2.6M-$1.78B-$5.81B—

FY-2$1.29B-$1.17B-$6.24B—

FY-3-$1.58B-$776.2M-$5.69B—

FY-4-$3.33B-$1.77B-$1.89B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$28.77B-$5.24B-$12.55B-$2.41B

FQ-1$56.02B-$2.01B-$4.52B-$4.45B

FQ-2$80.50B$1.83B$3.48B$4.90B

FQ-3$57.16B$1.82B-$1.74B-$972.4M

FQ-4$41.43B-$5.10B-$6.28B-$15.28B

FQ-5$55.36B$11.70B$5.23B$8.87B

FQ-6$74.04B$2.76B$1.54B$2.01B

FQ-7$50.92B-$327.0M-$1.53B-$1.42B

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$202.25B$82.50B——

FQ-1$300.54B$96.06B——

FQ-2$305.77B$100.51B——

FQ-3$287.75B$86.25B——

FQ-4$257.40B$87.05B——

FQ-5$266.54B$93.22B——

FQ-6$208.31B$87.82B——

FQ-7$206.17B$86.53B——

PeriodOCFCapExFCFSBC

FQ0-$27.57B-$2.31B-$2.41B—

FQ-1$8.80B-$1.48B-$4.45B—

FQ-2$14.42B-$554.3M$4.90B—

FQ-3$9.40B-$196.9M-$972.4M—

FQ-4-$2.6M-$1.78B-$15.28B—

FQ-5$7.72B-$1.66B$8.87B—

FQ-6$5.61B-$930.0M$2.01B—

FQ-7-$1.47B-$569.9M-$1.42B—

Valuation

Market price$355.00

Market cap$16.04B

Enterprise value$105.60B

P/E—

Reported non-GAAP P/E—

EV/Revenue0.5

EV/Op income—

EV/OCF—

P/B0.2

P/Tangible book0.2

Tangible book$82.50B

Net cash-$89.56B

Current ratio0.8

Debt/Equity1.1

ROA-7.6%

ROE-18.6%

Cash conversion1.8%

CapEx/Revenue-1.0%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Apparel & Accessories · cohort 2 companies

Metric002070Activity

Op margin-1.6%6.6% medp25 4.6% · p75 8.7%bottom quartile

Net margin-6.9%3.7% medp25 2.0% · p75 5.5%bottom quartile

Gross margin54.2%57.5% medp25 57.5% · p75 57.5%bottom quartile

CapEx / revenue-1.0%1.1% medp25 0.9% · p75 1.4%bottom quartile

Debt / equity109.0%124.3% medp25 86.1% · p75 162.6%below median

Observations

IR observations

Last actual EPS429.92 KRW

Last actual revenue160,561,000,000 KRW

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-05 01:40 UTC#8ac5d8d2

Market quoteclose KRW 355.00 · shares 0.05B diluted

no public URL

2026-05-05 01:40 UTC#ef51a6f8

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 01:41 UTCJob: f8719c21