Taeyoung Engineering & Construction Co Ltd

Taeyoung Engineering & Construction Co Ltd has a highly leveraged capital structure, with total liabilities of KRW 603.31 billion and total equity of -KRW 58.04 billion, resulting in a negative debt-to-equity ratio of -5.33. The company's liquidity position is weak, with a current ratio of 0.62 and negative free cash flow of KRW -16.04 billion, indicating limited ability to meet short-term obligations.

Profitability metrics show mixed results. The company reported a gross profit of KRW 69.18 billion and operating income of KRW 29.76 billion, but net income was negative at KRW -14.51 billion, reflecting significant non-operating losses or expenses. Return on equity is 2.5%, which is positive but low, while return on assets is negative at -0.27%, suggesting poor asset utilization.

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 downturns or regulatory changes.

Growth appears to be constrained, with no clear trajectory provided in the outlook. The company's operating cash flow is negative at KRW -196.44 billion, and capital expenditures are minimal at KRW -1.95 billion, indicating limited reinvestment in growth.

The risk assessment highlights liquidity as a medium concern, with dilution risk rated as low. However, the company's negative net cash position after subtracting total debt raises concerns about its ability to service debt obligations.

Recent filings and transcripts have not disclosed any major strategic shifts or new projects. The company's financial performance is likely influenced by the broader construction industry's challenges, including project delays and cost overruns.

Taeyoung Engineering & Construction Co Ltd (009410.KS) has undergone a significant update to its corporate taxonomy, now formally classified under the "Industrial & Commercial Services" activity within the broader "Industrials" economic sector. This structural reclassification represents the most material change in the company's profile, shifting the analytical framework from an undefined state to a specific industrial context. The establishment of this sectoral identity is crucial for accurate peer comparison and risk modeling. By anchoring the company within the Industrials sector, investors and analysts can now benchmark its performance against relevant industry standards rather than treating it as an unclassified entity. This clarity enhances the precision of fundamental analysis and sector rotation strategies. In terms of risk assessment, the company has been assigned a "low" dilution risk and a "medium" liquidity risk. These new metrics provide a baseline for evaluating capital structure stability and cash flow management. The low dilution risk suggests that existing shareholders face minimal threat from equity issuance, while the medium liquidity risk indicates a need for ongoing monitoring of short-term asset convertibility. Currently, the company shows no analyst coverage, index membership, or disclosed top holders, highlighting a gap in market visibility. The introduction of these foundational risk and classification metrics serves as a critical first step in building a comprehensive financial profile, enabling more informed decision-making as data coverage potentially expands in the future.

Free cash flow surged 196.1% year-over-year to KRW 100.6 billion, demonstrating significant improvement in cash generation capabilities.

Cash conversion ratio of 13.54 ranks as best-in-class within the Construction & Engineering cohort of 828 peers.

Debt-to-equity ratio of -5.33 is rated best-in-class among 873 cohort peers, indicating a strong relative balance sheet position.

Net income increased 157.4% year-over-year to KRW 63.8 billion, marking a substantial recovery from prior period losses.

Long-term debt decreased to KRW 1.54 trillion in the latest period, reflecting active deleveraging efforts compared to previous years.

The company faces high credit risk according to internal risk flags, suggesting potential challenges in debt servicing or financial stability.

Revenue KRW 687.83B; Operating income KRW 24.70B.

• ▍Revenue KRW 687.83B
• ▍Operating income KRW 24.70B
• ▍Net margin -10.0%

Revenue KRW 633.05B; Operating income KRW 9.80B.

• ▍Revenue KRW 633.05B
• ▍Operating income KRW 9.80B
• ▍Net margin 2.2%

Revenue KRW 715.60B; Operating income KRW 27.83B.

• ▍Revenue KRW 715.60B
• ▍Operating income KRW 27.83B
• ▍Net margin 5.4%

Revenue KRW 721.06B; Operating income KRW 29.76B.

• ▍Revenue KRW 721.06B
• ▍Operating income KRW 29.76B
• ▍Net margin -2.0%

Revenue KRW 2.69T, −19,9% YoY; Operating income +125,6% YoY.

• ▍Revenue KRW 2.69T, −19,9% YoY
• ▍Operating income +125,6% YoY
• ▍Net income +102,5% YoY
• ▍Free cash flow +105,4% YoY
• ▍Net margin 1.3%

Revenue KRW 3.35T, +28,7% YoY; Operating income −564,3% YoY.

• ▍Revenue KRW 3.35T, +28,7% YoY
• ▍Operating income −564,3% YoY
• ▍Net income −5 748,6% YoY
• ▍Free cash flow −1 287,9% YoY
• ▍Net margin -41.8%