Daishin Securities Co Ltd

Daishin Securities Co Ltd has a debt-to-equity ratio of 4.29, indicating a high reliance on debt financing relative to equity. The company's liquidity position is assessed as medium, with a negative net cash position after subtracting total debt. The return on equity (ROE) is 1.59%, and the return on assets (ROA) is 0.21%, both of which are below the typical performance metrics for the investment banking and brokerage services industry.

The company's profitability is modest, with a net income of 52,008,414,000 KRW and an operating income of 52,016,907,000 KRW. These figures suggest that the company is generating income but at a relatively low margin compared to industry benchmarks. The operating cash flow is negative at -1,580,110,025,000 KRW, indicating that the company is spending more cash on operations than it is generating.

Daishin Securities Co Ltd's revenue is concentrated in the investment banking and brokerage services segment, with no disclosed geographic diversification in the provided data. The company's capital structure is heavily leveraged, with long-term debt amounting to 14,071,503,348,000 KRW and total liabilities of 21,528,652,037,000 KRW.

The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the data. The operating cash flow and free cash flow are both negative, suggesting that the company may need to rely on external financing to fund its operations. The risk assessment indicates a low dilution risk, but the liquidity risk is medium due to the negative net cash position.

Recent events and filings do not provide specific details on the company's strategic initiatives or financial performance beyond the disclosed financial metrics. The analyst estimates suggest a neutral outlook, with a mean recommendation of 2.50 and a mean price target of 52,000 KRW.

Daishin Securities Co Ltd (003540.KS) has been formally classified within the Financials economic sector, specifically under the Banking & Investment Services activity. This taxonomic update provides a clearer structural definition of the firm’s operational focus, aligning its profile with standard industry benchmarks for financial institutions. In terms of risk assessment, the company now carries a low dilution risk rating. This classification suggests that the likelihood of existing shareholders facing significant equity dilution is minimal, offering a degree of stability for current equity holders. Conversely, the firm’s liquidity risk has been assessed as medium. This indicates that while the company maintains operational fluidity, there are moderate considerations regarding the ease of converting assets to cash or managing short-term obligations, a factor investors may monitor alongside its sector peers. The company currently has limited external coverage, with only one officer and one analyst associated with its profile, and no index memberships or top holders recorded. These baseline metrics, combined with the new risk and sector classifications, establish a foundational view of Daishin Securities for further financial analysis.

Analysts project 100% upside to a consensus target price of 52,000 KRW, signaling strong market confidence in future performance.

Net income surged 230.4% year-over-year to 616.6 billion KRW, demonstrating significant profitability improvement in the latest period.

Free cash flow increased 458.4% year-over-year, indicating a substantial improvement in the company's cash generation capabilities.

The five-year net income CAGR of 51.9% highlights a robust long-term trend in earnings growth for the firm.

Operating income jumped 202.6% year-over-year to 884.7 billion KRW, reflecting strong operational efficiency gains in the latest period.

The debt-to-equity ratio of 4.29 is in the bottom quartile, indicating significantly higher leverage risk than peers.

Return on equity of 1.59% falls well below the cohort median of 4%, suggesting poor capital efficiency relative to competitors.

Revenue KRW 712.01B; Operating income KRW 102.46B.

• ▍Revenue KRW 712.01B
• ▍Operating income KRW 102.46B
• ▍Net margin 21.0%

Revenue KRW 640.87B, +10,7% YoY; Operating income +330,4% YoY.

• ▍Revenue KRW 640.87B, +10,7% YoY
• ▍Operating income +330,4% YoY
• ▍Net income −116,6% YoY
• ▍Free cash flow −103,0% YoY
• ▍Net margin -0.9%

Revenue KRW 571.19B, +19,4% YoY; Operating income +899,5% YoY.

• ▍Revenue KRW 571.19B, +19,4% YoY
• ▍Operating income +899,5% YoY
• ▍Net income +1 374,3% YoY
• ▍Free cash flow +38,8% YoY
• ▍Net margin 7.3%

Revenue KRW 744.03B, +69,6% YoY; Operating income +134,7% YoY.

• ▍Revenue KRW 744.03B, +69,6% YoY
• ▍Operating income +134,7% YoY
• ▍Net income +42,2% YoY
• ▍Free cash flow +432,5% YoY
• ▍Net margin 9.9%

Revenue KRW 578.78B; Operating income -KRW 25.76B.

• ▍Revenue KRW 578.78B
• ▍Operating income -KRW 25.76B
• ▍Net margin 6.3%

Revenue KRW 478.26B; Operating income KRW 6.61B.

• ▍Revenue KRW 478.26B
• ▍Operating income KRW 6.61B
• ▍Net margin 0.6%

Revenue KRW 438.80B; Operating income KRW 52.02B.

• ▍Revenue KRW 438.80B
• ▍Operating income KRW 52.02B
• ▍Net margin 11.9%

Revenue KRW 2.45T, +26,1% YoY; Operating income +179,7% YoY.

• ▍Revenue KRW 2.45T, +26,1% YoY
• ▍Operating income +179,7% YoY
• ▍Net income +28,9% YoY
• ▍Free cash flow +28,2% YoY
• ▍Net margin 7.6%

Revenue KRW 1.94T, +6,5% YoY; Operating income −37,1% YoY.

• ▍Revenue KRW 1.94T, +6,5% YoY
• ▍Operating income −37,1% YoY
• ▍Net income +8,4% YoY
• ▍Free cash flow −0,2% YoY
• ▍Net margin 7.5%

Revenue KRW 1.83T, −9,1% YoY; Operating income −34,3% YoY.

• ▍Revenue KRW 1.83T, −9,1% YoY
• ▍Operating income −34,3% YoY
• ▍Net income +15,3% YoY
• ▍Free cash flow +55,2% YoY
• ▍Net margin 7.3%

Revenue KRW 2.01T, −2,9% YoY; Operating income −71,4% YoY.

• ▍Revenue KRW 2.01T, −2,9% YoY
• ▍Operating income −71,4% YoY
• ▍Net income −81,2% YoY
• ▍Free cash flow −91,0% YoY
• ▍Net margin 5.8%