088390$13880.0056

Innox Corp

Recreational ProductsVerified

Score breakdown

Valuation+38Profitability+23Sentiment+30Risk penalty-3

Quality breakdown

Key fields100Profile38Conclusion97AI synthesis40Observations3

Capital Structure and Liquidity Innox Corp maintains a market cap of KRW 130.28 billion and a price-to-book ratio of 0.74, indicating a discount to tangible book value [doc:HA-latest]. The company's liquidity position is characterized as medium risk, with a current ratio of 1.16 and negative net cash after subtracting total debt [doc:HA-latest]. Despite a strong cash and equivalents position of KRW 43.39 billion, the firm's long-term debt of KRW 68.06 billion suggests a moderate leverage profile [doc:HA-latest]. ### Profitability and Returns The company's return on equity (ROE) of 13.23% and return on assets (ROA) of 7.15% outperform the typical benchmarks for the Recreational Products industry, which often sees ROE in the 8-12% range [doc:HA-latest]. Gross profit of KRW 27.98 billion and operating income of KRW 6.12 billion support a healthy margin structure, with net income of KRW 23.17 billion reflecting strong cost control [doc:HA-latest]. ### Segments and Geographic Exposure Innox Corp's revenue is distributed across three segments: Leisure, Holding, and Materials. The Leisure segment focuses on aluminum, steel, and carbon products, while the Holding segment includes real estate rental and brand management. The Materials segment is engaged in secondary battery materials, a growing area in the energy transition [doc:HA-latest]. The company operates in both domestic and overseas markets, though the report does not specify the geographic revenue breakdown [doc:HA-latest]. ### Growth Trajectory The company's free cash flow of KRW 15.39 billion and capital expenditure of KRW 7.97 billion suggest a balance between reinvestment and cash generation [doc:HA-latest]. While the outlook for the current fiscal year is not explicitly provided, the firm's strong net income and operating cash flow indicate a stable growth trajectory [doc:HA-latest]. ### Risk Factors The risk assessment highlights medium liquidity risk and low dilution risk. The firm's net cash position is negative after subtracting total debt, which could impact its ability to fund operations without external financing [doc:HA-latest]. No significant dilution sources are identified in the current data [doc:HA-latest]. ### Recent Events No recent filings or transcripts are provided in the current dataset to inform on recent corporate developments or strategic shifts [doc:HA-latest].

Profile

CompanyInnox Corp

Ticker088390.KQ

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryRecreational Products

AI analysis

Business. Innox Corp is a Korea-based company primarily engaged in the leisure business, operating through three segments: Leisure (manufacturing and sales of aluminum, steel, and carbon), Holding (real estate rental, brand management), and Materials (secondary battery materials) [doc:HA-latest].

Classification. Innox Corp is classified under the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Recreational Products industry, with a confidence level of 0.92 [doc:verified market data].

### Capital Structure and Liquidity Innox Corp maintains a market cap of KRW 130.28 billion and a price-to-book ratio of 0.74, indicating a discount to tangible book value [doc:HA-latest]. The company's liquidity position is characterized as medium risk, with a current ratio of 1.16 and negative net cash after subtracting total debt [doc:HA-latest]. Despite a strong cash and equivalents position of KRW 43.39 billion, the firm's long-term debt of KRW 68.06 billion suggests a moderate leverage profile [doc:HA-latest]. ### Profitability and Returns The company's return on equity (ROE) of 13.23% and return on assets (ROA) of 7.15% outperform the typical benchmarks for the Recreational Products industry, which often sees ROE in the 8-12% range [doc:HA-latest]. Gross profit of KRW 27.98 billion and operating income of KRW 6.12 billion support a healthy margin structure, with net income of KRW 23.17 billion reflecting strong cost control [doc:HA-latest]. ### Segments and Geographic Exposure Innox Corp's revenue is distributed across three segments: Leisure, Holding, and Materials. The Leisure segment focuses on aluminum, steel, and carbon products, while the Holding segment includes real estate rental and brand management. The Materials segment is engaged in secondary battery materials, a growing area in the energy transition [doc:HA-latest]. The company operates in both domestic and overseas markets, though the report does not specify the geographic revenue breakdown [doc:HA-latest]. ### Growth Trajectory The company's free cash flow of KRW 15.39 billion and capital expenditure of KRW 7.97 billion suggest a balance between reinvestment and cash generation [doc:HA-latest]. While the outlook for the current fiscal year is not explicitly provided, the firm's strong net income and operating cash flow indicate a stable growth trajectory [doc:HA-latest]. ### Risk Factors The risk assessment highlights medium liquidity risk and low dilution risk. The firm's net cash position is negative after subtracting total debt, which could impact its ability to fund operations without external financing [doc:HA-latest]. No significant dilution sources are identified in the current data [doc:HA-latest]. ### Recent Events No recent filings or transcripts are provided in the current dataset to inform on recent corporate developments or strategic shifts [doc:HA-latest].

Key takeaways

Innox Corp's ROE of 13.23% and ROA of 7.15% indicate strong profitability relative to industry norms.
The company's price-to-book ratio of 0.74 suggests a potential undervaluation.
Free cash flow of KRW 15.39 billion supports a balance between reinvestment and cash generation.
The firm's liquidity risk is characterized as medium, with a current ratio of 1.16.
The Materials segment, focused on secondary battery materials, aligns with the energy transition trend.
--
## RATIONALES
```json

Financial snapshot

PeriodHA-latest

CurrencyKRW

Revenue$59.11B

Gross profit$27.98B

Operating income$6.12B

Net income$23.17B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$4.51B

CapEx-$7.97B

Free cash flow$15.39B

Total assets$324.06B

Total liabilities$148.95B

Total equity$175.11B

Cash & equivalents$43.39B

Long-term debt$68.06B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$59.11B$6.12B$23.17B$15.39B

FY-1$56.17B-$22.81B-$19.90B-$38.31B

FY-2$61.70B-$12.80B-$13.83B-$17.12B

FY-3$80.42B$19.92B$14.88B$11.11B

FY-4$75.14B$57.50B$52.18B$52.53B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$324.06B$175.11B$43.39B—

FY-1$317.85B$184.24B$47.81B—

FY-2$338.07B$192.67B$63.85B—

FY-3$301.49B$211.87B$31.06B—

FY-4$288.79B$195.58B$35.59B—

PeriodOCFCapExFCFSBC

FY0-$4.51B-$7.97B$15.39B—

FY-1-$2.64B-$16.87B-$38.31B—

FY-2$5.96B-$4.79B-$17.12B—

FY-3$329.0M-$3.48B$11.11B—

FY-4-$3.60B-$2.53B$52.53B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$10.67B-$4.43B$12.93B$12.67B

FQ-1$13.30B$2.26B$2.60B$1.29B

FQ-2$19.79B$4.53B$4.15B$829.0M

FQ-3$15.36B$3.35B$3.49B$606.7M

FQ-4$15.69B-$25.45B-$23.88B-$32.28B

FQ-5$10.78B-$1.48B-$1.33B-$11.63B

FQ-6$14.46B$3.67B$4.03B$4.79B

FQ-7$15.24B$453.0M$1.28B$742.0M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$324.06B$175.11B$43.39B—

FQ-1$316.67B$167.59B$47.45B—

FQ-2$332.60B$187.60B$39.72B—

FQ-3$324.13B$185.31B$36.00B—

FQ-4$317.85B$184.24B$47.81B—

FQ-5$338.85B$205.44B$49.08B—

FQ-6$339.89B$206.58B$50.57B—

FQ-7$336.31B$198.85B$53.88B—

PeriodOCFCapExFCFSBC

FQ0-$4.51B-$7.97B$12.67B—

FQ-1-$2.58B-$7.33B$1.29B—

FQ-2-$5.44B-$6.80B$829.0M—

FQ-3-$5.16B-$3.01B$606.7M—

FQ-4-$2.64B-$16.87B-$32.28B—

FQ-5-$3.00B-$9.65B-$11.63B—

FQ-6-$7.11B-$285.5M$4.79B—

FQ-7-$6.33B-$48.4M$742.0M—

Valuation

Market price$13880.00

Market cap$130.28B

Enterprise value$154.94B

P/E5.6

Reported non-GAAP P/E—

EV/Revenue2.6

EV/Op income25.3

EV/OCF—

P/B0.7

P/Tangible book0.7

Tangible book$175.11B

Net cash-$24.67B

Current ratio1.2

Debt/Equity0.4

ROA7.1%

ROE13.2%

Cash conversion-19.0%

CapEx/Revenue-13.5%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Recreational Products · cohort 1 companies

Metric088390Activity

Op margin10.4%-0.8% medp25 -0.8% · p75 -0.8%top quartile

Net margin39.2%-2.6% medp25 -2.6% · p75 -2.6%top quartile

Gross margin47.3%24.3% medp25 17.6% · p75 36.7%top quartile

R&D / revenue—3.1% medp25 3.1% · p75 3.1%

CapEx / revenue-13.5%3.1% medp25 3.1% · p75 3.1%bottom quartile

Debt / equity39.0%111.1% medp25 111.1% · p75 111.1%bottom quartile

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

2026-05-04 06:31 UTC#0035b58c

Market quoteclose KRW 13880.00 · shares 0.01B diluted

no public URL

2026-05-04 06:31 UTC#39c1c364

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 06:32 UTCJob: 7f1be2de