Korea Investment Holdings Co Ltd

Korea Investment Holdings maintains a capital structure characterized by high leverage, with a debt-to-equity ratio of 7.73 and long-term debt of KRW 92.8 trillion against total equity of KRW 12.0 trillion. The firm holds KRW 4.1 trillion in cash and equivalents, resulting in a negative net cash position after subtracting total debt. Liquidity risk is assessed as medium, reflecting the significant debt burden relative to equity. The current ratio is not explicitly provided, but the high debt load suggests reliance on continuous refinancing or operational cash generation to meet obligations.

Profitability metrics indicate strong returns on equity, with an ROE of 18.83% and an ROA of 1.66%. The company reports a net income of KRW 2.02 trillion on revenue of KRW 15.95 trillion, yielding a net margin of approximately 12.7%. The price-to-earnings ratio stands at 5.88, and the price-to-book ratio is 1.11, suggesting the market values the firm near its book value with a modest earnings multiple. The EV/EBITDA ratio is 39.18, which is elevated, potentially reflecting the capital-intensive nature of the business or specific accounting treatments in EBITDA calculation.

Segment and geographic revenue breakdowns are not provided in the available data. The company’s revenue mix is therefore opaque, preventing detailed analysis of concentration risks or regional exposure. The absence of segment data limits the ability to assess diversification benefits or specific growth drivers within different business lines.

Growth trajectory analysis is constrained by the absence of historical period data. Without five-year annual or eight-quarter quarterly revenue and net income figures, it is not possible to evaluate trends in top-line growth or earnings stability. The current financial snapshot provides a static view of performance but lacks the temporal depth required for trend reasoning.

Risk factors include medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, highlighting the firm’s leverage. The low dilution risk suggests that share count stability is maintained, with basic and diluted shares outstanding both at 52.74 million. The absence of significant recent issuances or ATM programs supports this assessment.

Recent events include analyst estimates indicating a mean price target of KRW 330,700 and a median target of KRW 325,000. The mean recommendation is 1.80, with four strong buys and ten buys, suggesting positive sentiment from the analyst community. The high price target of KRW 400,000 and low of KRW 253,000 reflect a range of expectations, but the consensus leans towards upside potential from the current market price of KRW 252,000.

Analysts project 49.3% upside to a mean price target of 330,700 KRW, reflecting strong market confidence in future performance.

Total assets grew 42.0% year-over-year to 136.2 trillion KRW, indicating robust balance sheet expansion and operational scale.

Net income surged 185.8% year-over-year to 2.02 trillion KRW, highlighting a significant acceleration in profitability trends.

The stock trades at 1.11x price-to-book, offering a modest valuation multiple relative to its tangible book value of 12.01 trillion KRW.

Debt-to-equity ratio of 7.73 places the company in the bottom quartile, signaling significantly higher leverage risk than peers.

A high credit risk flag indicates substantial exposure to potential defaults or deteriorating asset quality within the portfolio.

Cash conversion of -3.36 ranks in the bottom quartile, revealing poor ability to translate earnings into actual cash flow.

Revenue KRW 7.97T, +75,9% YoY; Operating income +108,9% YoY.

• ▍Revenue KRW 7.97T, +75,9% YoY
• ▍Operating income +108,9% YoY
• ▍Net income +99,6% YoY
• ▍Free cash flow +92,8% YoY
• ▍Net margin 11.5%

Revenue KRW 2.22T, −46,4% YoY; Operating income +145,5% YoY.

• ▍Revenue KRW 2.22T, −46,4% YoY
• ▍Operating income +145,5% YoY
• ▍Net income +228,9% YoY
• ▍Free cash flow +237,4% YoY
• ▍Net margin 15.7%

Revenue KRW 2.91T, +3,5% YoY; Operating income +95,5% YoY.

• ▍Revenue KRW 2.91T, +3,5% YoY
• ▍Operating income +95,5% YoY
• ▍Net income +92,5% YoY
• ▍Free cash flow +89,2% YoY
• ▍Net margin 18.5%

Revenue KRW 4.53T; Operating income KRW 529.61B.

• ▍Revenue KRW 4.53T
• ▍Operating income KRW 529.61B
• ▍Net margin 10.1%

Revenue KRW 2.53T; Operating income KRW 363.51B.

• ▍Revenue KRW 2.53T
• ▍Operating income KRW 363.51B
• ▍Net margin 12.3%

Revenue KRW 2.81T; Operating income KRW 299.47B.

• ▍Revenue KRW 2.81T
• ▍Operating income KRW 299.47B
• ▍Net margin 10.0%

Revenue KRW 15.95T; Operating income KRW 2.42T.

• ▍Revenue KRW 15.95T
• ▍Operating income KRW 2.42T
• ▍Net margin 12.7%

Revenue KRW 20.22T, +0,8% YoY; Operating income +51,7% YoY.

• ▍Revenue KRW 20.22T, +0,8% YoY
• ▍Operating income +51,7% YoY
• ▍Net income +11,0% YoY
• ▍Free cash flow +103,5% YoY
• ▍Net margin 3.5%

Revenue KRW 20.05T, +77,3% YoY; Operating income −64,0% YoY.

• ▍Revenue KRW 20.05T, +77,3% YoY
• ▍Operating income −64,0% YoY
• ▍Net income −63,9% YoY
• ▍Free cash flow −81,3% YoY
• ▍Net margin 3.2%

Revenue KRW 11.31T; Operating income KRW 1.54T.

• ▍Revenue KRW 11.31T
• ▍Operating income KRW 1.54T
• ▍Net margin 15.6%