Ilshin Spinning Co Ltd

Ilshin Spinning maintains a relatively strong liquidity position, with a current ratio of 2.52, indicating that it has more than twice as many current assets as current liabilities. However, the company's free cash flow is negative at -652,398,480 KRW, and capital expenditures are substantial at -25,244,659,780 KRW, suggesting ongoing investment in operations. The company's cash and equivalents amount to 19,654,056,740 KRW, which is lower than its long-term debt of 123,046,910,870 KRW, resulting in a net cash position that is negative after subtracting total debt.

In terms of profitability, Ilshin Spinning reports a return on equity (ROE) of 2.22% and a return on assets (ROA) of 1.75%. These figures are below the typical thresholds for strong performance in the Textiles & Leather Goods industry, indicating that the company is generating modest returns relative to its equity and asset base. The company's operating margin is 7.10% (calculated as operating income of 8,790,429,550 KRW divided by revenue of 123,812,627,310 KRW), which is in line with the industry median for similar firms.

The company's revenue is primarily concentrated in its domestic market, with no significant geographic diversification disclosed in the available data. Ilshin Spinning operates in a single business segment, which is typical for firms in the Textiles & Leather Goods industry. However, the lack of segmental or geographic diversification increases the company's exposure to regional economic fluctuations.

Looking ahead, the company's revenue is expected to grow in the current fiscal year, with the most recent actual revenue reported at 492,301,160,000 KRW. While the outlook for the next fiscal year is not explicitly provided, the company's capital expenditures suggest a focus on maintaining and expanding its production capabilities to support future growth. The company's debt-to-equity ratio of 0.14 indicates a conservative capital structure, with a relatively low reliance on debt financing.

The company's risk profile is characterized by medium liquidity risk and low dilution risk. The risk assessment highlights that the company's net cash position is negative after subtracting total debt, which could pose a challenge in the event of a liquidity crunch. However, the company's low dilution risk suggests that there is little immediate threat of equity dilution through new share issuance or other dilutive events.

Recent financial filings and investor relations data indicate that the company has maintained a stable earnings performance, with the last actual EPS reported at 920.60 KRW. The company has not disclosed any major strategic shifts or significant operational changes in the most recent filings, suggesting a continuation of its current business model and operational strategy.

Ilshin Spinning Co Ltd (003200.KS) has been formally classified within the Textiles & Leather Goods activity and the Consumer Cyclicals economic sector. This taxonomic update provides a clearer framework for understanding the company’s operational context, aligning its profile with industry-specific benchmarks relevant to consumer discretionary spending and textile manufacturing. In terms of risk assessment, the company now carries a "low" dilution risk rating. This classification suggests that the likelihood of significant share count expansion or equity dilution is currently minimal, which is a positive indicator for existing shareholders concerned about the erosion of their ownership stakes. Conversely, Ilshin Spinning has been assigned a "medium" liquidity risk rating. This designation highlights potential constraints in the ease of trading the stock or converting it to cash without significant price impact, a factor that investors should monitor, particularly given the absence of analyst coverage or index membership that might otherwise support trading volume. The company currently reports zero officers, analysts, index memberships, and top holders in the available data. This lack of external coverage and institutional presence underscores the importance of the newly established risk and sector classifications as primary reference points for evaluating the stock’s fundamental profile and market positioning.

Net income surged 258.5% year-over-year to 28.1 billion KRW, demonstrating strong recent profitability recovery.

Operating income jumped 253.2% year-over-year, indicating a significant improvement in core operational efficiency and margins.

Debt-to-equity ratio of 0.14 is well below the 0.43 cohort median, suggesting a conservative capital structure.

Revenue declined at a 4.5% CAGR over three years, signaling persistent top-line contraction and market share loss.

The company faces high credit risk, which could impair financial stability and increase borrowing costs significantly.

Cash conversion ratio of 0.63 is below the 0.98 cohort median, suggesting weaker cash generation from earnings.

Revenue KRW 124.27B, +3,7% YoY; Operating income +128,8% YoY.

• ▍Revenue KRW 124.27B, +3,7% YoY
• ▍Operating income +128,8% YoY
• ▍Net income −18,4% YoY
• ▍Free cash flow −37,7% YoY
• ▍Net margin 0.9%

Revenue KRW 121.88B, −1,6% YoY; Operating income −80,1% YoY.

• ▍Revenue KRW 121.88B, −1,6% YoY
• ▍Operating income −80,1% YoY
• ▍Net income −93,8% YoY
• ▍Free cash flow +128,0% YoY
• ▍Net margin 1.0%

Revenue KRW 136.43B; Operating income KRW 2.81B.

• ▍Revenue KRW 136.43B
• ▍Operating income KRW 2.81B
• ▍Net margin 13.8%

Revenue KRW 517.18B, −1,2% YoY; Operating income +75,7% YoY.

• ▍Revenue KRW 517.18B, −1,2% YoY
• ▍Operating income +75,7% YoY
• ▍Net income +18,1% YoY
• ▍Free cash flow +195,2% YoY
• ▍Net margin 6.4%

Revenue KRW 601.03B; Operating income KRW 61.62B.

• ▍Revenue KRW 601.03B
• ▍Operating income KRW 61.62B
• ▍Net margin 10.5%