Union Materials Corp
Union Materials Corp is an industrial goods company specializing in electrical components and equipment, generating revenue primarily through the production and sale of industrial materials and components.
Business. Union Materials Corp (047400.KS) is a South Korean industrial goods company engaged in the manufacturing and sale of electrical components and equipment. The firm operates within the Industrials sector, specifically focusing on the Electrical Components & Equipment industry. It is primarily listed on the Korea Exchange (KRX). Specific details regarding operating segments or geographic revenue breakdowns are not available.
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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
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Union Materials Corp (047400.KS) is a South Korean industrial goods company engaged in the manufacturing and sale of electrical components and equipment. The firm operates within the Industrials sector, specifically focusing on the Electrical Components & Equipment industry. It is primarily listed on the Korea Exchange (KRX). Specific details regarding operating segments or geographic revenue breakdowns are not available.
Union Materials Corp has a market price of 1,444 KRW and a market cap of 60.65 billion KRW, with a price-to-book ratio of 1.02 and a price-to-tangible-book ratio of 1.02. The company's enterprise value to EBITDA is -33.598, indicating a negative EBITDA, and its enterprise value to revenue is 5.82. The company's debt-to-equity ratio is 1.81, and its current ratio is 0.88, suggesting moderate liquidity risk.
The company's return on equity is -7.28%, and its return on assets is -2.29%, both significantly below the industry median for electrical components and equipment. The negative returns indicate poor profitability and asset utilization compared to industry peers. The company's operating income is -4.88 billion KRW, and its net income is -4.32 billion KRW, reflecting a challenging operating environment.
Union Materials Corp's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's revenue is entirely derived from its industrial goods operations, and there is no indication of geographic diversification in the financial data. This concentration increases exposure to sector-specific risks.
The company's revenue growth is negative, with a decline in operating cash flow and free cash flow. The company's capital expenditure is -478.05 million KRW, indicating a reduction in investment. The outlook for the current fiscal year is negative, with no indication of improvement in the next fiscal year. The company's liquidity position is medium, and its free cash flow is negative, suggesting a lack of internal funding for growth.
The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag is that net cash is negative after subtracting total debt, which suggests a potential liquidity constraint. The company's dilution potential is low, and there are no significant adjustments applied to the valuation metrics.
Recent events include a decline in operating income and net income, with no significant filings or transcripts indicating strategic changes. The company's financial performance has deteriorated, and there is no indication of near-term improvement in the financial statements. The company's liquidity position remains a concern, and the negative cash flows suggest a need for external financing.
- Union Materials Corp is experiencing significant financial distress, with negative operating and net income.
- The company's return on equity and return on assets are well below industry medians, indicating poor profitability.
- The company's liquidity position is moderate, with a current ratio of 0.88 and a debt-to-equity ratio of 1.81.
- The company's revenue is concentrated in a single business segment, increasing exposure to sector-specific risks.
- The company's outlook is negative, with no indication of improvement in the next fiscal year.
- The company's risk assessment indicates a medium liquidity risk and a low dilution risk.
Bull / Bear case
Generated · model-assistedNet income surged 105.3% year-over-year to 2.46 trillion KRW, signaling a strong operational turnaround.
Operating income jumped 111.3% to 5.43 trillion KRW, demonstrating significant improvement in core business profitability.
Free cash flow turned positive with a 104.4% increase, reaching 1.75 trillion KRW in the latest period.
Capital expenditure relative to revenue is above the cohort median, indicating efficient investment levels.
Debt-to-equity ratio stands at 1.81, significantly higher than the cohort median of 0.24.
The company faces high credit risk and medium liquidity risk according to internal risk assessments.
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- Net cash is negative after subtracting total debt.
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- Union Materials Corp Market data — financials · 2026-05-26