Messe ESang Co Ltd
Messe ESang Co Ltd provides industrial services, primarily focused on business support within the industrial and commercial services sector.
Business. Messe ESang Co Ltd (408920.KQ) is a South Korean business support services company listed on the KOSDAQ exchange. The firm operates within the Industrial & Commercial Services sector, providing industrial services. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Messe ESang Co Ltd (408920.KQ) is a South Korean business support services company listed on the KOSDAQ exchange. The firm operates within the Industrial & Commercial Services sector, providing industrial services. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data.
Messe ESang maintains a strong liquidity position, with cash and equivalents amounting to KRW 44,635,791,520, significantly exceeding its total liabilities of KRW 19,067,929,560. The company's liquidity FPT (free cash flow to total liabilities) is robust, and its current ratio of 4.17 indicates a solid ability to meet short-term obligations.
Profitability metrics show a return on equity (ROE) of 4.52% and a return on assets (ROA) of 3.43%, which are below the industry median for Business Support Services. The company's operating margin is 26.45% (calculated from operating income of KRW 3,159,909,530 and revenue of KRW 11,944,528,420), suggesting efficient cost management but room for improvement in asset utilization.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification may expose the company to regional economic fluctuations and regulatory changes.
Looking ahead, the company is projected to experience a modest growth trajectory, with revenue expected to increase by approximately 5% in the current fiscal year and 3% in the following year. This growth is supported by a stable operating cash flow of KRW 3,996,516,130 and a free cash flow of KRW 2,360,438,810.
Risk factors for Messe ESang include low liquidity and dilution risks, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.11 is well below the industry median, indicating a conservative capital structure. However, the high price-to-earnings ratio of 53.09 suggests potential overvaluation relative to earnings.
Recent events include a consistent analyst price target of KRW 4,830, with a mean recommendation of 2.00 (indicating a "buy" rating). There have been no significant filings or transcripts indicating material changes in the company's operations or strategy.
- Messe ESang has a strong liquidity position with a current ratio of 4.17.
- The company's ROE of 4.52% is below the industry median, indicating room for improvement in profitability.
- Revenue is concentrated in a single business segment, increasing exposure to regional and sector-specific risks.
- Analysts have a positive outlook, with a mean price target of KRW 4,830 and a "buy" recommendation.
Bull / Bear case
Generated · model-assistedNet income surged 154.2% year-over-year to 15.5 billion KRW, demonstrating strong recent profitability acceleration.
Analysts project 39.6% upside to a target price of 4,830 KRW, signaling strong market confidence.
Free cash flow grew 51.7% to 12.7 billion KRW, reflecting robust cash generation capabilities.
Low dilution, liquidity, and credit risks suggest a stable financial profile with minimal immediate threats.
Revenue and net income CAGRs are negative at -2.0% and -3.3% over four years, indicating long-term decline.
Capital expenditure intensity is below the cohort median, potentially limiting future growth capacity.
Long-term debt increased to 6.8 billion KRW in FY0, rising from 507 million KRW in FY-4.
In focus — financials by report
Revenue KRW 72.82B, +8,6% YoY; Operating income +12,8% YoY.
- ▍Revenue KRW 72.82B, +8,6% YoY
- ▍Operating income +12,8% YoY
- ▍Net income +14,4% YoY
- ▍Free cash flow +41,4% YoY
- ▍Net margin 21.3%
Valuation FY
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 404,00 |
| Revenue | —no estimate | —no estimate | 79,3B KRW |
| Operating income | —no estimate | —no estimate | 2,9B KRW |
Options
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sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Messe ESang Co Ltd Market data — financials · 2026-05-26
- Messe ESang Co Ltd Market data — analyst estimates · 2026-05-26