Bohae Brewery Co Ltd

Bohae Brewery's capital structure shows a debt-to-equity ratio of 0.41, below the industry median of 0.65, indicating a relatively conservative leverage profile. The company's liquidity position is mixed, with a current ratio of 1.21 and negative net cash after subtracting total debt, suggesting potential short-term liquidity constraints. The price-to-book ratio of 0.64 implies the market values the company at a discount to its book value, which may reflect concerns about asset quality or growth prospects. Profitability metrics show a return on equity (ROE) of 3.87% and return on assets (ROA) of 2.38%, both below the industry median of 5.2% and 3.8%, respectively. The company's operating margin of 4.18% (calculated from operating income of 3.76 billion KRW on revenue of 89.88 billion KRW) is also below the industry median of 6.5%, indicating lower operational efficiency. Gross margin of 32.0% (28.75 billion KRW gross profit on 89.88 billion KRW revenue) is in line with the industry median of 31.5%. Geographically, Bohae Brewery's revenue is concentrated in domestic markets, with no disclosed overseas revenue breakdown. Segment-wise, the company's primary revenue driver is soju, though the exact contribution is not disclosed. The lack of detailed segment reporting limits visibility into growth drivers and risk diversification. The company's revenue outlook for the current fiscal year is flat, with a 0.5% year-over-year decline expected, and a 1.2% decline projected for the next fiscal year. This aligns with the broader industry trend of declining soju consumption in South Korea due to changing consumer preferences and regulatory pressures. Capital expenditures of -9.13 billion KRW suggest asset disposals or underutilized capacity, which may indicate strategic reallocation or operational inefficiencies. Risk factors include medium liquidity risk due to negative net cash and a low dilution risk score. The company's recent earnings report showed a negative EPS of -131.00 KRW, signaling potential operational challenges. No recent filings or transcripts disclose material events, but the negative EPS and flat revenue outlook suggest ongoing pressure on profitability.