Mobase Electronics Co Ltd

Mobase Electronics has a debt-to-equity ratio of 1.04, indicating a capital structure that is moderately leveraged, with liabilities slightly exceeding equity. The company's liquidity position is assessed as medium, with a current ratio of 0.98, suggesting that it has nearly equal current assets and liabilities. Free cash flow is negative at -3.3 billion KRW, and capital expenditures are significant at -20.6 billion KRW, indicating ongoing investment in operations.

Profitability metrics show a return on equity (ROE) of 2.67% and a return on assets (ROA) of 0.68%, both below the typical thresholds for strong performance in the auto parts industry. Gross profit of 32.4 billion KRW and operating income of 13.2 billion KRW suggest a relatively narrow margin structure, which may be typical for the industry but leaves little room for volatility.

The company's revenue is concentrated in the automobile segment, with no disclosed geographic breakdown. Given the industry's dependence on automotive OEMs, Mobase's exposure is likely tied to the health of the global automotive sector, particularly in South Korea and its export markets.

Mobase's growth trajectory is not explicitly outlined in the latest financials, but the company's capital expenditures suggest a focus on maintaining or expanding production capacity. The outlook for the current fiscal year is neutral, with no significant revenue growth or contraction indicated in the data.

The company's risk profile includes a medium liquidity risk, primarily due to a current ratio near 1.0 and a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no significant dilution events or share issuance plans disclosed in the latest filings.

No recent events, such as earnings calls, regulatory filings, or major business announcements, are disclosed in the available data. The company appears to be operating in a stable but low-growth environment, with no major disruptions or strategic shifts reported.

Net income surged 25.9% year-over-year to 19.9 billion KRW, demonstrating strong bottom-line growth momentum.

Free cash flow improved dramatically by 507.3% to 3.8 billion KRW, indicating significantly enhanced cash generation capabilities.

Operating margin of 5.37% exceeds the 4.43% cohort median, reflecting superior operational efficiency relative to peers.

Cash conversion ratio of 4.27 ranks best-in-class, significantly outperforming the 1.37 cohort median.

Revenue grew at an 8.1% compound annual growth rate over four years, showing consistent top-line expansion.

Debt-to-equity ratio of 1.04 sits in the bottom quartile, indicating significantly higher leverage than the 0.41 median.

The company faces high credit risk, posing a significant threat to financial stability and borrowing costs.

Medium liquidity risk flags potential challenges in meeting short-term obligations or managing cash flow volatility.

Revenue KRW 922.21B, +20,6% YoY; Operating income +79,0% YoY.

• ▍Revenue KRW 922.21B, +20,6% YoY
• ▍Operating income +79,0% YoY
• ▍Net income −6,9% YoY
• ▍Free cash flow +73,8% YoY
• ▍Net margin 0.9%

Revenue KRW 764.57B; Operating income KRW 18.51B.

• ▍Revenue KRW 764.57B
• ▍Operating income KRW 18.51B
• ▍Net margin 1.1%