Sangsin Brake

Sangsin Brake's capital structure is characterized by a debt-to-equity ratio of 1.07, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.16, suggesting it can cover short-term obligations but with limited buffer. The price-to-book ratio of 0.25 and price-to-tangible-book ratio of 0.25 indicate that the company's market value is significantly below its book value, potentially signaling undervaluation or financial distress [doc:HA-latest]. Profitability metrics show a challenging performance, with a negative return on equity of -5.62% and a negative return on assets of -2.13%. These figures are below the industry median for return on equity and return on assets, which are typically positive for healthy automotive parts firms. The company reported a net loss of KRW 11,904,419,880 and an operating loss of KRW 1,358,122,970, further highlighting its unprofitable operations [doc:HA-latest]. The company's revenue is concentrated in two segments: Brake Business and Equipment Business. The Brake Business segment is the primary revenue generator, focusing on automotive parts such as brake pads and assemblies. The Equipment Business segment, while smaller, contributes to the company's diversified product offering. However, the company's geographic exposure is not disclosed in the input data, making it difficult to assess regional concentration risks [doc:HA-latest]. Growth trajectory appears negative, with the company reporting a net loss and declining profitability. The outlook for the current fiscal year is not explicitly provided, but the negative operating and net income suggest a challenging period. The company's capital expenditure of KRW -12,344,391,830 indicates a reduction in investment, which may signal a strategic shift or financial constraints [doc:HA-latest]. Risk factors include liquidity concerns, as the company has negative net cash after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding. However, the company's financial performance and negative cash flows from operations raise concerns about its ability to sustain operations without additional financing [doc:HA-latest]. Recent events and filings are not detailed in the input data, but the company's financial statements indicate a need for operational improvements and cost management. The negative operating cash flow of KRW 38,416,994,800 and free cash flow of KRW -4,221,896,620 suggest that the company is not generating sufficient cash to fund its operations and investments [doc:HA-latest].