Maniker Co Ltd
Maniker Co Ltd has a debt-to-equity ratio of 1.24, indicating a moderate reliance on debt financing, and a current ratio of 0.61, suggesting limited short-term liquidity. The company's cash and equivalents amount to 6,258,317,760 KRW, but this is insufficient to cover its long-term debt of 52,195,364,190 KRW, resulting in a negative net cash position. The return on equity is -0.001, and the return on assets is -0.0003, both of which are below the industry median for Food Products companies, indicating poor profitability and asset utilization. The company's operating income is 2,010,730,650 KRW, but its net income is negative at -43,875,130 KRW, reflecting a significant decline in profitability. This is exacerbated by a negative free cash flow of -2,464,024,520 KRW and a capital expenditure of -10,114,454,620 KRW, indicating a heavy investment in operations without corresponding returns. The company's gross profit of 30,126,403,000 KRW is also below the industry median, further highlighting its underperformance. Maniker Co Ltd's revenue is primarily concentrated in the poultry products segment, with no significant diversification into other product lines or geographic regions. The company's exposure to the domestic Korean market is high, and it does not report any material international revenue. This concentration increases its vulnerability to local economic and regulatory changes. The company's revenue for the latest period is 368,890,857,920 KRW, but there is no indication of growth in the near term. The negative net income and declining profitability suggest a challenging outlook for the current fiscal year. The company's capital expenditures are high, but the lack of positive returns indicates that these investments are not yet generating value. The risk assessment indicates a medium liquidity risk and a low dilution risk, but the negative net cash position is a key flag. The company's recent financial performance is reflected in its last actual EPS of -450.93 KRW, which is a significant decline from previous periods. There are no recent filings or transcripts indicating major strategic changes or new initiatives that could reverse this trend. The company's risk profile remains elevated due to its financial underperformance and liquidity constraints.
Business. Maniker Co Ltd produces and sells poultry products, including whole chicken, cut meat, brine meat, and processed meat products, primarily for home cooking, fast food, and franchisees.
Classification. Maniker Co Ltd is classified under the Consumer Non-Cyclicals economic sector, Food & Beverages business sector, and Fishing & Farming industry with a confidence level of 0.92.
- Maniker Co Ltd has a negative net income and poor profitability metrics, indicating financial distress.
- The company's liquidity position is weak, with a current ratio of 0.61 and a negative net cash position.
- High capital expenditures have not translated into positive returns, suggesting inefficient use of capital.
- The company's revenue is concentrated in a single segment and geographic region, increasing its vulnerability to local market risks.
- The company's recent EPS is significantly negative, reflecting a challenging financial outlook.
- # RATIONALES
- **margin_outlook_rationale**: The company's declining profitability and negative net income suggest a deteriorating margin outlook driven by high operating costs and low returns.
- **rd_outlook_rationale**: There is no indication of significant R&D investment or innovation in the company's recent financial data.
- Net cash is negative after subtracting total debt.