Samil Co Ltd

Samil Co Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.41, below the median for its industry, indicating a relatively low reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 0.38, suggesting limited short-term liquidity to cover immediate obligations. Free cash flow of 2.46 billion KRW supports operational flexibility, though cash and equivalents of 425.86 million KRW are modest relative to total liabilities. Profitability metrics show a return on equity of 1.49% and a return on assets of 0.93%, both below the industry median for Ground Freight & Logistics, indicating weaker capital efficiency and asset utilization compared to peers. Gross profit of 8.66 billion KRW represents 8.66% of revenue, which is in line with industry norms, but operating income of 1.91 billion KRW reflects a 1.91% margin, below the median for the sector. The company's revenue is concentrated in its core transportation and logistics services, with no disclosed segment breakdown, and geographic exposure is limited to South Korea, where it operates its freight and storage facilities. No material international revenue streams are reported, and the company does not disclose revenue by product or service line. Outlook for the current fiscal year shows a projected revenue growth of 2.3% year-over-year, with a 1.1% increase in operating income, driven by improved utilization of existing infrastructure and cost controls. For the next fiscal year, revenue is expected to grow by 3.8%, with operating income increasing by 1.9%, reflecting continued demand for domestic freight services. Risk factors include a medium liquidity risk due to the current ratio of 0.38 and a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no recent share issuance and no dilution potential in the basic shares outstanding. No material regulatory or geopolitical risks are disclosed in the latest filings, though the company operates in a sector sensitive to domestic economic conditions. Recent events include the filing of the latest financial statements, which show a stable capital structure and consistent operating cash flow of 2.59 billion KRW. No material changes in business strategy or significant capital projects were disclosed in the latest quarterly reports.