OneJoon Co Ltd

OneJoon maintains a conservative capital structure with a debt-to-equity ratio of 0.13 and holds significant liquidity in cash and equivalents of KRW 30.7 billion, representing 13.7% of total assets. The company's price-to-book ratio of 1.19 suggests market valuation is slightly above tangible asset value, while the price-to-tangible-book ratio of 1.19 confirms no intangible asset premium.

Profitability metrics show a return on equity of 2.03% and return on assets of 1.07%, both below the industry median for industrial machinery firms. The gross margin of 20.1% (KRW 9.5 billion gross profit on KRW 47.4 billion revenue) is in line with sector norms, but operating margin of 15.2% (KRW 7.2 billion operating income) indicates moderate operating leverage.

The company operates as a single-segment entity with 100% revenue concentration in its core industrial machinery business. Geographic exposure is not disclosed in the latest financials, but the company's primary listing in South Korea suggests domestic revenue dominance.

Looking ahead, the company is projected to maintain flat revenue with no capital expenditure planned in the near term. Free cash flow of KRW 3.2 billion provides flexibility, though the price-to-earnings ratio of 58.53 suggests market skepticism about near-term earnings growth.

Risk assessment shows low liquidity and dilution risk, with no immediate filing-based flags detected. The company's low debt load and strong cash position mitigate financial risk, though the high P/E ratio indicates valuation sensitivity to earnings revisions.

Recent filings show no material events in the last 90 days. The company's 10-K filing from April 2026 disclosed standard industry risks including supply chain disruptions and competitive pricing pressures, but no specific near-term threats to liquidity or capital structure.

Net margin of 5.1% outperforms the 4.9% cohort median, demonstrating better bottom-line profitability than most competitors.

Low debt-to-equity ratio of 0.13 suggests a conservative capital structure with minimal leverage risk compared to the median.

The company faces low dilution, liquidity, and credit risks, providing a stable financial foundation for investors.

Revenue growth of 140.1% year-over-year indicates a strong recent expansion in top-line sales performance.

Return on equity of 2.0% falls below the 3.6% industry median, indicating inefficient use of shareholder capital.

Cash conversion ratio of 0.11 is well below the 0.95 cohort median, highlighting poor cash flow quality.

Revenue KRW 45.41B; Operating income KRW 9.64B.

• ▍Revenue KRW 45.41B
• ▍Operating income KRW 9.64B
• ▍Net margin 13.1%

Revenue KRW 47.38B; Operating income KRW 7.22B.

• ▍Revenue KRW 47.38B
• ▍Operating income KRW 7.22B
• ▍Net margin 5.1%

Revenue KRW 149.85B, +9,2% YoY; Operating income +168,7% YoY.

• ▍Revenue KRW 149.85B, +9,2% YoY
• ▍Operating income +168,7% YoY
• ▍Net income −33,1% YoY
• ▍Free cash flow −3,9% YoY
• ▍Net margin 2.5%

Revenue KRW 137.26B, −4,2% YoY; Operating income −56,0% YoY.

• ▍Revenue KRW 137.26B, −4,2% YoY
• ▍Operating income −56,0% YoY
• ▍Net income −63,2% YoY
• ▍Free cash flow −72,2% YoY
• ▍Net margin 4.1%

Revenue KRW 143.20B, +130,6% YoY; Operating income −13,7% YoY.

• ▍Revenue KRW 143.20B, +130,6% YoY
• ▍Operating income −13,7% YoY
• ▍Net income +126,3% YoY
• ▍Free cash flow +99,9% YoY
• ▍Net margin 10.6%