Kangwon Land Inc

Kangwon Land maintains a conservative capital structure characterized by minimal leverage and strong liquidity. The debt-to-equity ratio stands at 0.01, indicating negligible reliance on debt financing relative to equity. The current ratio is 4.03, reflecting a substantial buffer of current assets against current liabilities. Cash and equivalents total 137,053,912,550 KRW, while long-term debt is only 53,715,289,320 KRW. This balance sheet composition suggests low financial risk and high flexibility for future capital allocation.

Profitability metrics indicate modest returns on capital. Return on equity is 0.0714, and return on assets is 0.0585. The company generated a net income of 318,192,491,520 KRW on revenue of 1,476,727,048,700 KRW. Operating income was 235,295,984,640 KRW, resulting in a gross profit of 382,689,415,520 KRW. These figures suggest a business model with moderate operating margins, typical for asset-light or service-oriented leisure operations, though specific cohort comparisons are unavailable due to unclassified industry status.

Revenue concentration and geographic exposure details are not provided in the available data. The company’s primary activity is identified as unclassified within the broader Hotels, Restaurants & Leisure sector. Without segment or geographic breakdowns, the specific drivers of revenue concentration cannot be assessed. The analysis relies on aggregate financial figures to infer operational scale and efficiency.

Growth trajectory analysis is limited by the absence of historical period data. The current financial snapshot provides a single-period view of performance. Revenue of 1,476,727,048,700 KRW and net income of 318,192,491,520 KRW represent the latest normalized period. Without multi-year trends, it is not possible to determine the direction or acceleration of revenue and earnings growth.

Risk assessment indicates low liquidity risk and low dilution risk. No immediate filing-based liquidity or dilution flags were detected. The shares outstanding basic and diluted are identical at 198,193,804, suggesting no significant options or convertible securities currently impacting share count. The low debt levels further mitigate credit risk. The primary risk appears to be operational, given the low classification confidence and lack of detailed segment data.

Recent events, filing observations, and news are not detailed in the input data. The risk assessment notes no immediate flags, implying a stable reporting environment. The valuation snapshot shows a price-to-earnings ratio of 10.55 and a price-to-book ratio of 0.75, suggesting the market values the company below its book value. The EV/EBITDA ratio is 12.64, and EV/Revenue is 1.95. These multiples provide a baseline for valuation but lack context without peer comparisons.

Analysts project 45% upside to a mean price target of 20,975 KRW, reflecting strong market confidence in future performance.

Revenue grew at a 17.0% CAGR over four years, showing consistent top-line expansion despite recent quarterly fluctuations.

Long-term debt decreased to 53.7 billion KRW in FY2026, reducing leverage and strengthening the balance sheet position.

Operating income declined 17.4% year-over-year to 235.3 billion KRW, indicating weakening core business performance in the latest period.

Cash conversion ratio of 1.04 is below the cohort median of 1.2, indicating weaker ability to convert earnings into cash.

Revenue KRW 378.92B, +3,4% YoY; Operating income −7,2% YoY.

• ▍Revenue KRW 378.92B, +3,4% YoY
• ▍Operating income −7,2% YoY
• ▍Net income −46,8% YoY
• ▍Free cash flow −61,4% YoY
• ▍Net margin 10.5%

Revenue KRW 365.45B, +6,0% YoY; Operating income −30,1% YoY.

• ▍Revenue KRW 365.45B, +6,0% YoY
• ▍Operating income −30,1% YoY
• ▍Net income −39,7% YoY
• ▍Free cash flow −1,4% YoY
• ▍Net margin 18.5%

Revenue KRW 384.15B, +2,2% YoY; Operating income −22,1% YoY.

• ▍Revenue KRW 384.15B, +2,2% YoY
• ▍Operating income −22,1% YoY
• ▍Net income +24,4% YoY
• ▍Free cash flow −14,8% YoY
• ▍Net margin 29.4%

Revenue KRW 360.82B, +6,8% YoY; Operating income −20,9% YoY.

• ▍Revenue KRW 360.82B, +6,8% YoY
• ▍Operating income −20,9% YoY
• ▍Net income −61,0% YoY
• ▍Free cash flow −70,0% YoY
• ▍Net margin 17.4%

Revenue KRW 366.31B; Operating income KRW 74.26B.

• ▍Revenue KRW 366.31B
• ▍Operating income KRW 74.26B
• ▍Net margin 20.4%

Revenue KRW 344.62B; Operating income KRW 42.64B.

• ▍Revenue KRW 344.62B
• ▍Operating income KRW 42.64B
• ▍Net margin 32.6%

Revenue KRW 375.92B; Operating income KRW 93.33B.

• ▍Revenue KRW 375.92B
• ▍Operating income KRW 93.33B
• ▍Net margin 24.2%

Revenue KRW 337.95B; Operating income KRW 73.93B.

• ▍Revenue KRW 337.95B
• ▍Operating income KRW 73.93B
• ▍Net margin 47.6%

Revenue KRW 1.48T, +3,5% YoY; Operating income −17,4% YoY.

• ▍Revenue KRW 1.48T, +3,5% YoY
• ▍Operating income −17,4% YoY
• ▍Net income −30,4% YoY
• ▍Free cash flow −79,6% YoY
• ▍Net margin 21.5%

Revenue KRW 1.43T, +2,8% YoY; Operating income +3,1% YoY.

• ▍Revenue KRW 1.43T, +2,8% YoY
• ▍Operating income +3,1% YoY
• ▍Net income +34,0% YoY
• ▍Free cash flow −18,5% YoY
• ▍Net margin 32.0%

Revenue KRW 1.39T, +9,3% YoY; Operating income +27,0% YoY.

• ▍Revenue KRW 1.39T, +9,3% YoY
• ▍Operating income +27,0% YoY
• ▍Net income +194,8% YoY
• ▍Free cash flow +70,7% YoY
• ▍Net margin 24.6%

Revenue KRW 1.27T, +61,2% YoY; Operating income +505,3% YoY.

• ▍Revenue KRW 1.27T, +61,2% YoY
• ▍Operating income +505,3% YoY
• ▍Net income +1 194,1% YoY
• ▍Free cash flow +533,6% YoY
• ▍Net margin 9.1%