Hyundai Livart Furniture Co Ltd

The company's capital structure is characterized by a debt-to-equity ratio of 0.47, indicating a relatively conservative leverage position. However, the liquidity position is marked by a negative net cash position after subtracting total debt, which raises concerns about short-term liquidity. The price-to-book ratio of 0.33 suggests that the company is trading at a significant discount to its book value, potentially indicating undervaluation or underlying asset quality concerns.

Profitability metrics show a return on equity of 1.15% and a return on assets of 0.5%, both of which are below the typical thresholds for healthy returns in the industrial goods sector. The operating margin, calculated as operating income of 6,798.8 billion KRW on revenue of 504.8 billion KRW, results in a margin of approximately 1.35%, which is notably low compared to industry benchmarks. This suggests that the company is facing significant cost pressures or pricing challenges.

Geographically, the company's revenue is primarily concentrated in its domestic market, with no disclosed international segments. This concentration increases exposure to local economic conditions and regulatory changes. The lack of segmental breakdown in the financial data limits the ability to assess the performance of different product lines or geographic regions.

The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the available data. The operating cash flow is negative at -25.95 billion KRW, which could indicate operational inefficiencies or significant capital expenditures. The free cash flow of 14.74 billion KRW provides some flexibility but is insufficient to cover potential liquidity needs without external financing.

Risk factors include a medium liquidity risk due to the negative net cash position and a low dilution risk as indicated by the risk assessment. The company has not disclosed any recent equity issuances or dilution events, and the dilution potential is assessed as low. However, the negative operating cash flow and the need for capital expenditures may necessitate future financing, which could lead to dilution if not managed through debt.

Recent events include analyst estimates that suggest a mean price target of 8,366.67 KRW, which is higher than the current market price of 6,730 KRW. The mean recommendation of 1.33 indicates a generally positive outlook from analysts, with two strong buy ratings and one buy rating. No recent filings or transcripts have been disclosed that would provide additional insight into the company's strategic direction or operational performance.

Analysts project 50.5% upside to a mean price target of 8,367 KRW, reflecting strong buy consensus.

Debt-to-equity ratio of 0.47 is below the 0.40 cohort median, indicating relatively conservative leverage.

Free cash flow turned positive to 19.9 billion KRW in FY2026, reversing previous years of negative cash flow.

Capex intensity is above the 75th percentile of peers, suggesting efficient capital deployment relative to revenue.

The company faces high credit risk, posing potential challenges for debt servicing and financial stability.

Cash conversion is in the bottom quartile of peers, suggesting difficulties in turning operating income into cash.

Revenue KRW 357.92B, −13,7% YoY; Operating income −275,1% YoY.

• ▍Revenue KRW 357.92B, −13,7% YoY
• ▍Operating income −275,1% YoY
• ▍Net income −630,0% YoY
• ▍Free cash flow −72,7% YoY
• ▍Net margin -0.8%

Revenue KRW 340.66B, −25,0% YoY; Operating income −61,7% YoY.

• ▍Revenue KRW 340.66B, −25,0% YoY
• ▍Operating income −61,7% YoY
• ▍Net income −28,9% YoY
• ▍Free cash flow −7,7% YoY
• ▍Net margin 0.9%

Revenue KRW 409.87B, −17,5% YoY; Operating income −37,8% YoY.

• ▍Revenue KRW 409.87B, −17,5% YoY
• ▍Operating income −37,8% YoY
• ▍Net income −89,2% YoY
• ▍Free cash flow −17,5% YoY
• ▍Net margin 0.2%

Revenue KRW 437.76B, −13,3% YoY; Operating income +39,9% YoY.

• ▍Revenue KRW 437.76B, −13,3% YoY
• ▍Operating income +39,9% YoY
• ▍Net income +40,0% YoY
• ▍Free cash flow +0,4% YoY
• ▍Net margin 1.5%

Revenue KRW 414.80B; Operating income -KRW 696.1M.

• ▍Revenue KRW 414.80B
• ▍Operating income -KRW 696.1M
• ▍Net margin 0.1%

Revenue KRW 454.11B; Operating income KRW 9.76B.

• ▍Revenue KRW 454.11B
• ▍Operating income KRW 9.76B
• ▍Net margin 0.9%

Revenue KRW 496.96B; Operating income KRW 8.17B.

• ▍Revenue KRW 496.96B
• ▍Operating income KRW 8.17B
• ▍Net margin 1.2%

Revenue KRW 504.79B; Operating income KRW 6.80B.

• ▍Revenue KRW 504.79B
• ▍Operating income KRW 6.80B
• ▍Net margin 0.9%

Revenue KRW 1.55T, −17,3% YoY; Operating income −34,6% YoY.

• ▍Revenue KRW 1.55T, −17,3% YoY
• ▍Operating income −34,6% YoY
• ▍Net income −51,2% YoY
• ▍Free cash flow −50,6% YoY
• ▍Net margin 0.5%

Revenue KRW 1.87T, +18,0% YoY; Operating income +191,8% YoY.

• ▍Revenue KRW 1.87T, +18,0% YoY
• ▍Operating income +191,8% YoY
• ▍Net income +144,5% YoY
• ▍Free cash flow +346,8% YoY
• ▍Net margin 0.8%

Revenue KRW 1.59T, +6,0% YoY; Operating income +55,2% YoY.

• ▍Revenue KRW 1.59T, +6,0% YoY
• ▍Operating income +55,2% YoY
• ▍Net income +32,8% YoY
• ▍Free cash flow +44,2% YoY
• ▍Net margin -2.2%

Revenue KRW 1.50T, +6,3% YoY; Operating income −388,9% YoY.

• ▍Revenue KRW 1.50T, +6,3% YoY
• ▍Operating income −388,9% YoY
• ▍Net income −476,2% YoY
• ▍Free cash flow −253,9% YoY
• ▍Net margin -3.4%