Shinwon Construction Co Ltd

Shinwon Construction maintains a conservative capital structure with a debt-to-equity ratio of 0.26, significantly below the industry median of 0.65. The company's liquidity position is supported by cash and equivalents of 17,101.5 billion KRW, though net cash is negative after subtracting total debt. Free cash flow of 5,999.7 billion KRW in the latest period indicates strong operating cash generation, with a current ratio of 2.1 suggesting adequate short-term liquidity. Profitability metrics show a return on equity (ROE) of 4.33% and return on assets (ROA) of 2.19%, both below the industry median of 6.2% and 3.8%, respectively. Gross profit of 26,338.7 billion KRW and operating income of 8,550.8 billion KRW reflect a gross margin of 12.46% and operating margin of 4.05%, which are in line with the industry average of 12.1% and 4.1%, respectively. The company's revenue is distributed across four segments: Construction Revenue, Pre-sale Revenue, Rental Income, and Other Revenue. While the Construction Revenue segment is the primary driver, the Pre-sale and Rental Income segments contribute to diversification. The geographic exposure is primarily domestic, with limited overseas market penetration as disclosed in the company's segments. Growth trajectory is modest, with the company's outlook for the current fiscal year showing a 2.1% increase in revenue and a 1.8% increase in operating income. The next fiscal year is projected to see a 3.4% revenue increase and a 2.9% increase in operating income. These figures are in line with the industry's average growth expectations of 2.5% and 2.2%, respectively. Risk factors include medium liquidity risk due to the negative net cash position and a low dilution risk, as the company has not issued new shares in the past year. The risk assessment indicates no significant dilution potential, and the company's capital structure remains stable. Recent events include the filing of the latest financial report, which disclosed the company's financial performance and outlook. No major regulatory or operational events were reported in the latest filings or transcripts, suggesting a stable operational environment.