NuriFlex Co Ltd

NuriFlex's capital structure is characterized by a debt-to-equity ratio of 0.41, indicating a relatively conservative leverage position. However, the company's liquidity position is under pressure, with a negative net cash position after subtracting total debt. Free cash flow is negative at -2.16 billion KRW, and operating cash flow is also negative at -12.36 billion KRW, signaling cash flow challenges.

Profitability metrics are weak, with a return on equity of -3.14% and a return on assets of -1.79%, both significantly below industry norms. The company reported a net loss of 2.5 billion KRW and an operating loss of 3.13 billion KRW, reflecting operational inefficiencies and cost overruns.

Geographically, NuriFlex's revenue is concentrated in a single disclosed segment, with no further breakdown provided in the available data. This lack of diversification increases exposure to regional or sector-specific risks.

The company's growth trajectory is uncertain, with no clear revenue growth in the most recent period. The operating loss and negative cash flows suggest a need for operational restructuring or cost optimization to achieve profitability.

Risk factors include liquidity constraints and the potential for operational underperformance. The company's dilution risk is currently low, but the negative free cash flow and operating cash flow could necessitate future capital raises, which may dilute existing shareholders.

Recent financial filings and transcripts indicate a focus on cost management and operational efficiency. The company is reportedly exploring new market opportunities to diversify its revenue streams and reduce dependency on its current business model.

Revenue grew 27.3% year-over-year, demonstrating strong top-line expansion despite recent profitability challenges.

Cash conversion of 4.95 ranks best-in-class, significantly outperforming the cohort median of 0.76.

Debt-to-equity ratio of 0.41 is below the cohort median of 0.22, indicating conservative leverage.

Free cash flow improved 26.6% year-over-year, showing recovery in cash generation capabilities.

Dilution risk is assessed as low, suggesting limited threat to existing shareholder equity value.

Credit risk is flagged as high, indicating significant potential for financial distress or default.

Liquidity risk is rated medium, suggesting potential challenges in meeting short-term financial obligations.

Revenue KRW 40.38B, +79,7% YoY; Operating income +45,7% YoY.

• ▍Revenue KRW 40.38B, +79,7% YoY
• ▍Operating income +45,7% YoY
• ▍Net income +31,2% YoY
• ▍Free cash flow +54,3% YoY
• ▍Net margin -3.3%

Revenue KRW 22.09B, −64,3% YoY; Operating income −150,6% YoY.

• ▍Revenue KRW 22.09B, −64,3% YoY
• ▍Operating income −150,6% YoY
• ▍Net income −106,6% YoY
• ▍Free cash flow −107,3% YoY
• ▍Net margin -1.1%

Revenue KRW 101.57B, −21,4% YoY; Operating income +23,8% YoY.

• ▍Revenue KRW 101.57B, −21,4% YoY
• ▍Operating income +23,8% YoY
• ▍Net income −57,4% YoY
• ▍Free cash flow −36,2% YoY
• ▍Net margin -6.4%

Revenue KRW 132.72B, +6,4% YoY; Operating income −119,9% YoY.

• ▍Revenue KRW 132.72B, +6,4% YoY
• ▍Operating income −119,9% YoY
• ▍Net income +369,1% YoY
• ▍Free cash flow +321,6% YoY
• ▍Net margin 2.2%

Revenue KRW 124.72B, +45,7% YoY; Operating income +34,4% YoY.

• ▍Revenue KRW 124.72B, +45,7% YoY
• ▍Operating income +34,4% YoY
• ▍Net income −92,8% YoY
• ▍Free cash flow −91,6% YoY
• ▍Net margin 0.5%

Revenue KRW 85.58B; Operating income KRW 5.51B.

• ▍Revenue KRW 85.58B
• ▍Operating income KRW 5.51B
• ▍Net margin 10.2%