Sangsin Brake
Sangsin Brake is a South Korean manufacturer of automotive braking systems and components, primarily serving the automobile industry.
Business. Sangsin Brake (041650.KS) is a South Korean manufacturer of auto, truck, and motorcycle parts listed on the Korea Exchange. The company operates within the Automobiles & Auto Parts industry, focusing on the production and sale of automotive components. Specific details regarding its operating segments and geographic revenue mix are not available.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Sangsin Brake (041650.KS) is a South Korean manufacturer of auto, truck, and motorcycle parts listed on the Korea Exchange. The company operates within the Automobiles & Auto Parts industry, focusing on the production and sale of automotive components. Specific details regarding its operating segments and geographic revenue mix are not available.
Sangsin Brake maintains a debt-to-equity ratio of 1.19, indicating a moderate reliance on debt financing, while its current ratio of 1.13 suggests limited short-term liquidity cushion. The company reported negative net cash after subtracting total debt, signaling potential liquidity constraints. Free cash flow of 7.7 billion KRW in the latest period reflects some capacity to fund operations and investments without external financing.
Profitability metrics show a return on equity of 2.45% and a return on assets of 0.9%, both below the industry median for the Auto, Truck & Motorcycle Parts sector. These figures suggest Sangsin Brake is underperforming in capital efficiency and asset utilization relative to its peers.
The company's revenue is concentrated in the automobile industry, with no disclosed geographic diversification beyond South Korea. This concentration increases exposure to regional economic cycles and automotive sector downturns.
Outlook data indicates a projected revenue growth of 3.2% in the current fiscal year and 4.1% in the next, driven by increased demand for braking systems in the domestic automotive market. However, these growth rates are modest compared to the industry average.
Risk assessment highlights medium liquidity risk due to the negative net cash position and a debt load that exceeds equity. Dilution risk is currently low, with no near-term plans for share issuance or dilutive financing. However, the company's capital structure leaves it vulnerable to rising interest rates or credit tightening.
No recent filings or transcripts have been disclosed that would indicate material changes in strategy, operations, or financial position. The company appears to be maintaining a stable but conservative approach to capital allocation and growth.
- Sangsin Brake's debt-to-equity ratio of 1.19 and negative net cash position highlight liquidity and capital structure risks.
- Return on equity of 2.45% and return on assets of 0.9% indicate underperformance in profitability relative to industry peers.
- Revenue is concentrated in the automobile industry and South Korea, increasing exposure to regional and sector-specific risks.
- Projected revenue growth of 3.2% in the current fiscal year and 4.1% in the next is modest and below the industry average.
- Dilution risk is currently low, but the company's capital structure leaves it vulnerable to external financial pressures.
Bull / Bear case
Generated · model-assistedCapex intensity is in the top quartile, suggesting lower capital expenditure relative to revenue than peers.
Revenue grew at an 8.1% CAGR over four years, demonstrating long-term top-line expansion capability.
Debt-to-equity ratio of 1.19 is in the bottom quartile, indicating significantly higher leverage than peers.
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- Sangsin Brake Market data — financials · 2026-05-26