AStory Co Ltd

AStory Co Ltd maintains a strong liquidity position with KRW 14.36 billion in cash and equivalents, representing 15.35% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 0.0498, indicating a moderate ability to service liabilities from operating cash flow. The current ratio of 2.07 suggests a solid short-term liquidity buffer, with current assets comfortably exceeding current liabilities.

Profitability metrics show a return on equity (ROE) of 2.36% and a return on assets (ROA) of 1.61%, both below the median for the Entertainment Production industry. The company's operating margin is 14.07%, and net margin is 12.93%, which are in line with industry norms. Gross margin stands at 32.29%, reflecting efficient cost control in production and distribution.

AStory Co Ltd's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's entire revenue base is attributed to its core entertainment production activities, and no material geographic breakdown is available in the latest filings.

The company's revenue is projected to grow by 5.2% in the current fiscal year and 3.8% in the next fiscal year, based on historical performance and industry trends. The growth trajectory is supported by a stable operating cash flow of KRW 4.56 billion and a free cash flow of KRW 1.48 billion, which provides flexibility for reinvestment or shareholder returns.

Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.22 is well below the industry median, and there is no evidence of near-term dilution pressure from recent equity issuances or shelf registration activity.

Recent filings and transcripts do not disclose any material events or strategic shifts. The company's latest financial report highlights continued investment in content development and distribution infrastructure, with no significant changes in business strategy or capital allocation.

Cash conversion ratio of 3.03 is well above the cohort median of 0.73, suggesting strong cash generation.

Low dilution and liquidity risks provide a stable financial foundation for the company's ongoing operations.

The four-year revenue CAGR of -32.5% indicates a persistent and steep long-term decline in top-line growth.

Medium credit risk flags potential challenges in meeting financial obligations amidst deteriorating profitability metrics.

Revenue KRW 1.26B, −89,2% YoY; Operating income −177,7% YoY.

• ▍Revenue KRW 1.26B, −89,2% YoY
• ▍Operating income −177,7% YoY
• ▍Net income −168,4% YoY
• ▍Free cash flow −157,3% YoY
• ▍Net margin -81.7%

Revenue KRW 455.7M; Operating income -KRW 4.43B.

• ▍Revenue KRW 455.7M
• ▍Operating income -KRW 4.43B
• ▍Net margin -784.1%

Revenue KRW 1.34B; Operating income -KRW 1.79B.

• ▍Revenue KRW 1.34B
• ▍Operating income -KRW 1.79B
• ▍Net margin -130.7%

Revenue KRW 1.35B; Operating income -KRW 1.96B.

• ▍Revenue KRW 1.35B
• ▍Operating income -KRW 1.96B
• ▍Net margin -73.9%

Revenue KRW 11.64B; Operating income KRW 1.64B.

• ▍Revenue KRW 11.64B
• ▍Operating income KRW 1.64B
• ▍Net margin 12.9%

Revenue KRW 14.79B, −74,0% YoY; Operating income −249,9% YoY.

• ▍Revenue KRW 14.79B, −74,0% YoY
• ▍Operating income −249,9% YoY
• ▍Net income −198,1% YoY
• ▍Free cash flow −176,4% YoY
• ▍Net margin -32.6%

Revenue KRW 56.88B, −20,6% YoY; Operating income −36,9% YoY.

• ▍Revenue KRW 56.88B, −20,6% YoY
• ▍Operating income −36,9% YoY
• ▍Net income +20,2% YoY
• ▍Free cash flow +39,2% YoY
• ▍Net margin 8.6%