Korea Electric Terminal Co Ltd

Korea Electric Terminal Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to KRW 146.65 billion, which exceeds its long-term debt of KRW 161.72 billion when considering net cash. The company's price-to-book ratio of 0.88 suggests that the market values the firm at a discount to its book value, while the price-to-tangible-book ratio is identical, indicating no significant intangible assets. The current ratio of 1.93 reflects a solid ability to meet short-term obligations.

Profitability metrics show a return on equity (ROE) of 3.54% and a return on assets (ROA) of 2.31%, both below the industry median for electrical components and equipment firms. The company's operating margin is 9.87% (calculated from operating income of KRW 34.75 billion on revenue of KRW 352.10 billion), which is in line with the industry average. However, the net profit margin of 9.67% (KRW 34.05 billion on KRW 352.10 billion in revenue) is slightly above the median for the sector.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific risks. The company's capital expenditures of KRW 10.99 billion in the latest period reflect ongoing investment in infrastructure and production capabilities.

Looking ahead, the company is projected to grow revenue by 4.5% in the current fiscal year and 3.2% in the following year, based on analyst estimates and historical performance. The mean price target of KRW 110,000 implies a potential upside of 31% from the current market price of KRW 83,900. However, the absence of strong buy recommendations from analysts suggests a cautious outlook.

The company faces moderate liquidity risk, as net cash is negative after subtracting total debt. The debt-to-equity ratio of 0.17 indicates a conservative capital structure, with limited leverage. However, the risk of dilution is low, and no recent equity issuance or ATM programs have been disclosed. The company's free cash flow of KRW 40.10 billion supports its ability to fund operations and return value to shareholders.

Recent filings and transcripts do not indicate any material events or strategic shifts. The company's focus remains on core electrical components and equipment, with no disclosed expansion into new markets or product lines.

Analysts project 78% upside to a target price of 110,000 KRW, signaling strong market confidence in future performance.

Debt-to-equity ratio of 0.17 is lower than the cohort median of 0.24, reflecting a conservative and stable capital structure.

Cash conversion ratio of 1.58 significantly exceeds the cohort median of 0.89, highlighting robust cash generation capabilities.

Revenue contracted 4.4% year-over-year to 1.44 trillion KRW, suggesting potential headwinds in top-line growth momentum.

Medium liquidity risk flags suggest potential challenges in trading volume or market depth for this specific issuer.

Revenue KRW 336.96B, −13,2% YoY; Operating income −63,5% YoY.

• ▍Revenue KRW 336.96B, −13,2% YoY
• ▍Operating income −63,5% YoY
• ▍Net income −16,9% YoY
• ▍Free cash flow +151,4% YoY
• ▍Net margin 6.8%

Revenue KRW 368.00B, −2,6% YoY; Operating income −16,5% YoY.

• ▍Revenue KRW 368.00B, −2,6% YoY
• ▍Operating income −16,5% YoY
• ▍Net income +14,0% YoY
• ▍Free cash flow +43,5% YoY
• ▍Net margin 10.5%

Revenue KRW 380.34B, −2,8% YoY; Operating income −35,1% YoY.

• ▍Revenue KRW 380.34B, −2,8% YoY
• ▍Operating income −35,1% YoY
• ▍Net income −62,6% YoY
• ▍Free cash flow −83,2% YoY
• ▍Net margin 4.6%

Revenue KRW 357.55B, +1,6% YoY; Operating income −17,5% YoY.

• ▍Revenue KRW 357.55B, +1,6% YoY
• ▍Operating income −17,5% YoY
• ▍Net income −20,4% YoY
• ▍Free cash flow −19,7% YoY
• ▍Net margin 7.6%

Revenue KRW 388.26B; Operating income KRW 31.21B.

• ▍Revenue KRW 388.26B
• ▍Operating income KRW 31.21B
• ▍Net margin 7.1%

Revenue KRW 377.98B; Operating income KRW 48.54B.

• ▍Revenue KRW 377.98B
• ▍Operating income KRW 48.54B
• ▍Net margin 8.9%

Revenue KRW 391.45B; Operating income KRW 56.81B.

• ▍Revenue KRW 391.45B
• ▍Operating income KRW 56.81B
• ▍Net margin 12.0%

Revenue KRW 352.10B; Operating income KRW 34.75B.

• ▍Revenue KRW 352.10B
• ▍Operating income KRW 34.75B
• ▍Net margin 9.7%

Revenue KRW 1.44T, −4,4% YoY; Operating income −31,4% YoY.

• ▍Revenue KRW 1.44T, −4,4% YoY
• ▍Operating income −31,4% YoY
• ▍Net income −25,5% YoY
• ▍Free cash flow −11,8% YoY
• ▍Net margin 7.3%

Revenue KRW 1.51T, +16,4% YoY; Operating income +53,3% YoY.

• ▍Revenue KRW 1.51T, +16,4% YoY
• ▍Operating income +53,3% YoY
• ▍Net income +95,1% YoY
• ▍Free cash flow +277,6% YoY
• ▍Net margin 9.4%

Revenue KRW 1.30T, +11,0% YoY; Operating income +70,6% YoY.

• ▍Revenue KRW 1.30T, +11,0% YoY
• ▍Operating income +70,6% YoY
• ▍Net income +49,6% YoY
• ▍Free cash flow +233,0% YoY
• ▍Net margin 5.6%