Invenia Co Ltd

Invenia's capital structure is characterized by a debt-to-equity ratio of 0.99, indicating a balanced mix of debt and equity financing. The company holds KRW 5,877,379,980 in cash and equivalents, but this is offset by long-term debt of KRW 34,910,076,510, resulting in a net cash position that is negative after subtracting total debt. The current ratio of 0.9 suggests that the company's current liabilities exceed its current assets, signaling potential liquidity constraints.

Profitability metrics show mixed results. Invenia's return on equity (ROE) is 1.12%, and return on assets (ROA) is 0.44%, both below the industry median for Semiconductor Equipment & Testing. The company reported a net income of KRW 394,425,580 despite an operating loss of KRW -677,581,090, indicating that non-operating income or gains significantly contributed to profitability.

Geographically and segment-wise, Invenia's revenue concentration is not disclosed in the available data. However, the absence of detailed segment reporting suggests that the company may not have a diversified revenue base, which could increase exposure to sector-specific risks.

Growth trajectory appears to be under pressure. The company's operating cash flow is negative at KRW -842,192,330, and free cash flow is only KRW 318,452,200. These figures suggest that Invenia is not generating sufficient cash from operations to sustain growth without external financing or asset sales.

Risk factors include liquidity constraints and the potential for dilution, although the latter is currently assessed as low. The company's capital expenditure of KRW -169,967,380 indicates ongoing investment in infrastructure, but the negative operating cash flow raises concerns about the sustainability of such investments.

Recent events include the filing of financial statements that highlight the operating loss and the reliance on non-operating income. No recent transcripts or filings disclose major strategic shifts or new product launches, suggesting a period of operational stabilization or restructuring.

Operating income improved by 21.8% year-over-year, suggesting a potential stabilization or recovery in core operational performance despite revenue declines.

The company reduced long-term debt from 53.2 billion KRW in 2015 to 31.8 billion KRW in the latest period, lowering leverage.

The company faces high credit risk and medium liquidity risk, indicating significant financial stability concerns for investors.

Debt-to-equity ratio of 0.99 is in the bottom quartile of the cohort, indicating higher financial leverage than most peers.

Revenue KRW 3.22B; Operating income -KRW 677.6M.

• ▍Revenue KRW 3.22B
• ▍Operating income -KRW 677.6M
• ▍Net margin 12.3%

Revenue KRW 22.70B, −60,1% YoY; Operating income −27,1% YoY.

• ▍Revenue KRW 22.70B, −60,1% YoY
• ▍Operating income −27,1% YoY
• ▍Net income −1 624,8% YoY
• ▍Free cash flow −346,4% YoY
• ▍Net margin -77.0%

Revenue KRW 134.32B; Operating income KRW 9.28B.

• ▍Revenue KRW 134.32B
• ▍Operating income KRW 9.28B
• ▍Net margin 9.2%