Changhae Ethanol Co Ltd

Changhae Ethanol maintains a conservative capital structure with a debt-to-equity ratio of 0.24 and a current ratio of 1.33, indicating moderate liquidity risk. The company's liquidity position is further supported by a price-to-book ratio of 0.55 and a tangible book ratio of 0.55, suggesting that the market values the company at a discount to its net asset value. Profitability metrics show a return on equity (ROE) of 9.32% and a return on assets (ROA) of 6.82%, both exceeding the industry median for Distillers & Wineries. The company's operating margin is 13.0% (calculated from operating income of 15,893,046,140 KRW on revenue of 122,344,462,020 KRW), which is robust compared to peers. The company's revenue is distributed across four segments: Alcohol Business, Energy Business, Engineering, and Trading Business. The Alcohol Business is the primary revenue driver, though the financial snapshot does not provide segment-specific revenue figures. The Trading Business segment, which sells tapioca flour, may be more exposed to commodity price volatility. Growth trajectory is supported by a strong free cash flow of 7,359,120,190 KRW and a capital expenditure of -5,770,611,670 KRW, indicating a net cash inflow from operations. The company's outlook for the current fiscal year shows a positive direction, though specific numeric deltas are not provided. Risk factors include a net cash position that is negative after subtracting total debt, which could limit financial flexibility. The company's dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding. Recent events include the latest actual EPS of 2,729.00 KRW, as reported by analyst estimates. No recent filings or transcripts are provided in the input data to further detail recent corporate developments.