mPlus Corp

mPlus Corp maintains a strong liquidity position with KRW 64,981,301,910 in cash and equivalents, representing 26.9% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 0.12, indicating a solid ability to service liabilities from operating cash flow. The current ratio of 1.48 suggests adequate short-term liquidity, though it is below the median for the Industrial Machinery & Equipment sector. Profitability metrics show mPlus Corp outperforming sector medians. Return on equity (ROE) of 20.23% exceeds the industry median of 14.5%, while return on assets (ROA) of 8.55% is above the 6.2% median. Gross margin of 21.1% (KRW 38,871,633,540 gross profit on KRW 184,211,329,850 revenue) is in line with sector norms, but operating margin of 11.85% (KRW 21,823,611,930 operating income) is 2.3 percentage points above the median. Geographically, mPlus Corp's revenue is split between domestic and international markets, though specific segment disclosures are not available in the latest filings. The company's exposure to the rapidly growing battery equipment market provides upside potential, but also concentration risk in a single industry vertical. Growth trajectory shows strong momentum, with revenue of KRW 184.2 billion in the latest period. Analysts expect continued expansion, though no specific FY2025 revenue guidance is available. Capital expenditures of KRW 4.4 billion were negative in the latest period, suggesting asset optimization rather than expansion. Risk assessment indicates low liquidity and dilution risk. The company has no immediate filing-based flags for liquidity stress or dilution. Debt-to-equity ratio of 0.52 is below the sector median of 0.75, and long-term debt of KRW 52,885,493,500 represents 21.9% of total assets. No dilution sources were identified in recent filings. Recent events include the filing of audited financial statements showing strong operating cash flow of KRW 62,139,032,500. No material regulatory or litigation events were disclosed in the latest 10-K equivalent filing. The company's focus on battery equipment aligns with global EV and energy storage trends.