Sung Kwang Bend Co Ltd

Sung Kwang Bend Co Ltd maintains a strong liquidity position, with a current ratio of 8.72 and cash and equivalents amounting to KRW 94.26 billion, which is significantly higher than the industry median. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure with no leverage risk.

The company's profitability is robust, with a return on equity (ROE) of 3.4% and a return on assets (ROA) of 3.13%. These figures are in line with the industry's preferred metrics, which emphasize asset efficiency and stable returns. The operating margin of 30.48% (calculated from operating income of KRW 20.37 billion on revenue of KRW 66.89 billion) is also consistent with the industry median for construction supplies firms.

Geographically, Sung Kwang Bend is heavily concentrated in the South Korean market, as no international revenue breakdown is disclosed. The company's revenue is derived from a single business segment, construction supplies and fixtures, which exposes it to domestic economic cycles and construction demand fluctuations.

The company's growth trajectory is stable, with no significant revenue acceleration or contraction in the most recent period. Analysts project a mean price target of KRW 36,000, with a median of KRW 32,500, suggesting moderate upside potential. The company has not disclosed capital expenditure plans beyond the current period, and its free cash flow of KRW 18.29 billion supports reinvestment or shareholder returns.

Risk factors for the company are minimal in the short term, with no immediate liquidity or dilution concerns. The company has no near-term dilution pressure, as shares outstanding remain unchanged between basic and diluted counts. No recent filings or transcripts indicate material risk events or strategic shifts.

No recent events, such as earnings calls, regulatory filings, or press releases, have been disclosed in the available data. The company appears to maintain a stable operational and financial profile without significant volatility or strategic overhauls in the near term.

The company maintains a zero debt-to-equity ratio, providing a pristine balance sheet compared to the 0.29 cohort median.

Cash conversion of 1.81 exceeds the 1.01 cohort median, reflecting strong ability to turn earnings into actual cash.

Analysts maintain a buy recommendation with a mean price target of 36,000 KRW, suggesting modest upside from current levels.

Net income declined 16.0% year-over-year to 34.4 billion KRW, signaling a reversal in recent profitability trends.

Revenue growth slowed to 7.9% year-over-year, decelerating from the robust 15.7% four-year compound annual growth rate.

The stock trades near analyst consensus with only 0.8% upside, offering limited immediate capital appreciation potential.

Revenue KRW 59.14B, −7,2% YoY.

• ▍Revenue KRW 59.14B, −7,2% YoY

Revenue KRW 59.30B, +1,8% YoY; Operating income +122,1% YoY.

• ▍Revenue KRW 59.30B, +1,8% YoY
• ▍Operating income +122,1% YoY
• ▍Net income +7,0% YoY
• ▍Free cash flow +7,8% YoY
• ▍Net margin 13.5%

Revenue KRW 64.56B, +42,2% YoY; Operating income +50,2% YoY.

• ▍Revenue KRW 64.56B, +42,2% YoY
• ▍Operating income +50,2% YoY
• ▍Net income +160,2% YoY
• ▍Free cash flow +125,5% YoY
• ▍Net margin 16.7%

Revenue KRW 58.11B, −13,1% YoY; Operating income −47,1% YoY.

• ▍Revenue KRW 58.11B, −13,1% YoY
• ▍Operating income −47,1% YoY
• ▍Net income −64,2% YoY
• ▍Free cash flow −64,3% YoY
• ▍Net margin 11.1%

Revenue KRW 63.70B; Operating income KRW 10.75B.

• ▍Revenue KRW 63.70B
• ▍Operating income KRW 10.75B
• ▍Net margin 14.4%

Revenue KRW 58.23B; Operating income KRW 3.92B.

• ▍Revenue KRW 58.23B
• ▍Operating income KRW 3.92B
• ▍Net margin 12.9%

Revenue KRW 45.40B; Operating income KRW 7.81B.

• ▍Revenue KRW 45.40B
• ▍Operating income KRW 7.81B
• ▍Net margin 9.1%

Revenue KRW 66.89B; Operating income KRW 20.37B.

• ▍Revenue KRW 66.89B
• ▍Operating income KRW 20.37B
• ▍Net margin 27.0%

Revenue KRW 245.67B, +7,9% YoY; Operating income −0,1% YoY.

• ▍Revenue KRW 245.67B, +7,9% YoY
• ▍Operating income −0,1% YoY
• ▍Net income −16,0% YoY
• ▍Free cash flow −26,8% YoY
• ▍Net margin 14.0%

Revenue KRW 227.68B, −10,6% YoY; Operating income −6,3% YoY.

• ▍Revenue KRW 227.68B, −10,6% YoY
• ▍Operating income −6,3% YoY
• ▍Net income +4,7% YoY
• ▍Free cash flow +0,7% YoY
• ▍Net margin 18.0%

Revenue KRW 254.69B, +4,4% YoY; Operating income +67,5% YoY.

• ▍Revenue KRW 254.69B, +4,4% YoY
• ▍Operating income +67,5% YoY
• ▍Net income −0,2% YoY
• ▍Free cash flow −4,0% YoY
• ▍Net margin 15.4%

Revenue KRW 244.03B, +78,2% YoY; Operating income +432,4% YoY.

• ▍Revenue KRW 244.03B, +78,2% YoY
• ▍Operating income +432,4% YoY
• ▍Net income +3 329,9% YoY
• ▍Free cash flow +1 257,4% YoY
• ▍Net margin 16.1%