Companies/Consumer Discretionary/206950.KN

206950.KN—56

Volvik Inc

Recreational ProductsVerified

Score breakdown

Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations3

Volvik Inc's capital structure is highly leveraged, with a debt-to-equity ratio of 1.94, indicating significant reliance on debt financing [doc:ValuationSnapshot]. The company's liquidity position is weak, as evidenced by a current ratio of 0.92 and negative free cash flow of -5.06 billion KRW [doc:ValuationSnapshot]. The negative operating cash flow of -2.85 billion KRW and a net loss of -2.03 billion KRW further highlight the company's financial strain [doc:FinancialSnapshot]. Profitability metrics are underperforming relative to industry norms. The company's return on equity of -11.76% and return on assets of -3.47% indicate a loss-making operation, which is a significant concern in the Recreational Products industry [doc:ValuationSnapshot]. Gross profit of 11.95 billion KRW is a positive, but the net loss suggests inefficiencies in cost management or pricing power [doc:FinancialSnapshot]. The company's revenue is concentrated in its golf ball and equipment business, with no disclosed geographic diversification. This lack of segment or geographic diversification increases exposure to market-specific risks, particularly in the Korean consumer discretionary sector [doc:Classification]. Growth trajectory is uncertain, with no outlook data provided for current or next fiscal years. Historical revenue of 38.36 billion KRW is a baseline, but the absence of forward-looking guidance and the company's negative cash flows suggest a challenging path to growth [doc:FinancialSnapshot]. Risk factors include liquidity constraints and a high debt load. The company's net cash position is negative after subtracting total debt, and the liquidity risk is rated as medium [doc:RiskAssessment]. Dilution risk is currently low, but the company's capital structure and negative cash flows could necessitate future equity issuance [doc:RiskAssessment]. Recent events include a net loss and negative cash flows, as disclosed in the latest financial snapshot. No specific filings or transcripts are provided to detail recent strategic or operational developments [doc:FinancialSnapshot].

Profile

CompanyVolvik Inc

Ticker206950.KN

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryRecreational Products

AI analysis

Business. Volvik Inc is a Korea-based company engaged in the manufacture and sale of golf balls under the VIVID, VS4, XT SOFT, and MAGMA brands, as well as the production and supply of rangefinders and golf gloves [doc:Classification].

Classification. Volvik Inc 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:Classification].

Key takeaways

Volvik Inc is operating at a net loss with negative cash flows, indicating financial distress.
The company's capital structure is highly leveraged, with a debt-to-equity ratio of 1.94.
Profitability metrics are negative, with return on equity and return on assets both below zero.
Revenue concentration in a single product line and lack of geographic diversification increase business risk.
Liquidity is constrained, with a current ratio of 0.92 and no clear path to positive cash flow.
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Financial snapshot

PeriodHA-latest

CurrencyKRW

Revenue$38.36B

Gross profit$11.95B

Operating income$651.9M

Net income-$2.03B

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$2.85B

CapEx-$5.14B

Free cash flow-$5.06B

Total assets$58.55B

Total liabilities$41.29B

Total equity$17.26B

Cash & equivalents$784.4M

Long-term debt$33.56B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$38.36B$651.9M-$2.03B-$5.06B

FY-1$45.47B$255.4M$575.8M$1.03B

FY-2$45.35B$1.96B$7.16B-$2.99B

FY-3$48.44B-$7.01B-$9.99B-$10.83B

FY-4$47.34B-$18.64B-$14.69B-$13.99B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$58.55B$17.26B$784.4M—

FY-1$53.87B$18.58B$1.92B—

FY-2$57.36B$17.14B$1.46B—

FY-3$39.01B$8.75B$2.32B—

FY-4$52.17B-$3.13B$1.93B—

PeriodOCFCapExFCFSBC

FY0-$2.85B-$5.14B-$5.06B—

FY-1$1.14B-$1.93B$1.03B—

FY-2-$1.04B-$10.91B-$2.99B—

FY-3-$3.58B-$1.68B-$10.83B—

FY-4$4.89B-$1.24B-$13.99B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

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PeriodGross %Op %Net %FCF %

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PeriodAssetsEquityCashDebt

FQ0————

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PeriodOCFCapExFCFSBC

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$17.26B

Net cash-$32.77B

Current ratio0.9

Debt/Equity1.9

ROA-3.5%

ROE-11.8%

Cash conversion1.4%

CapEx/Revenue-13.4%

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

Metric206950.KNActivity

Op margin1.7%-0.8% medp25 -0.8% · p75 -0.8%top quartile

Net margin-5.3%-2.6% medp25 -2.6% · p75 -2.6%bottom quartile

Gross margin31.2%24.3% medp25 17.6% · p75 36.7%above median

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

CapEx / revenue-13.4%3.1% medp25 3.1% · p75 3.1%bottom quartile

Debt / equity194.0%111.1% medp25 111.1% · p75 111.1%top 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

2026-05-02 03:45 UTC#de5a9faf

Source: analysis-pipeline (hybrid)Generated: 2026-05-02 03:46 UTCJob: bf61cba4