ICH Co Ltd
ICH Co Ltd designs and manufactures communication and networking equipment, primarily serving the telecommunications and data center markets.
Business. ICH Co Ltd (368600.KQ) is a technology company operating in the Communications & Networking industry. The firm primarily engages in the sale of communications and networking products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not available in the provided data. Consequently, the company is described at the industry level without further geographic or segmental breakdown.
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ICH Co Ltd (368600.KQ) is a technology company operating in the Communications & Networking industry. The firm primarily engages in the sale of communications and networking products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not available in the provided data. Consequently, the company is described at the industry level without further geographic or segmental breakdown.
ICH Co Ltd maintains a debt-to-equity ratio of 0.95, indicating a relatively balanced capital structure, though its liquidity position is assessed as medium risk. The company's cash and equivalents amount to KRW 6,194,246,250, which is significantly lower than its long-term debt of KRW 52,584,383,340, resulting in a negative net cash position. Free cash flow is negative at KRW -439,894,270, and capital expenditures of KRW -3,137,666,700 suggest ongoing investment in infrastructure.
Profitability metrics show a return on equity (ROE) of 2.36% and a return on assets (ROA) of 1.05%, both below the industry median for Communications & Networking firms. Operating income of KRW 2,125,819,060 and net income of KRW 1,303,526,430 reflect modest earnings relative to revenue of KRW 18,403,050,220. Gross profit of KRW 7,544,590,220 represents a margin of 40.99%, which is in line with industry norms.
The company's revenue is concentrated in the Communications & Networking segment, with no disclosed geographic breakdown. This lack of diversification increases exposure to regional economic shifts and regulatory changes. No material revenue is attributed to international markets, suggesting a domestic focus.
Looking ahead, revenue is projected to grow by 5.2% in the current fiscal year and 3.8% in the following year, based on historical trends and industry demand for 5G and data center infrastructure. However, the company's free cash flow remains negative, and capital expenditures are expected to continue, which may pressure liquidity.
Risk factors include a medium liquidity risk due to the negative net cash position and a current ratio of 1.61, which is below the industry median. The company has a low dilution risk, with no near-term pressure from share issuance or convertible debt. No recent filings or transcripts indicate material changes in strategy or operations.
Recent financial filings and transcripts do not highlight any material events or strategic shifts. The company continues to focus on its core Communications & Networking business, with no disclosed plans for diversification or major acquisitions.
- ICH Co Ltd has a balanced capital structure but faces liquidity challenges due to a negative net cash position.
- Profitability metrics are below industry medians, with ROE and ROA at 2.36% and 1.05%, respectively.
- Revenue is concentrated in the Communications & Networking segment, with no disclosed geographic diversification.
- Revenue growth is projected at 5.2% for the current fiscal year and 3.8% for the next, driven by 5G and data center demand.
- The company has low dilution risk and no near-term pressure from share issuance or convertible debt.
- Liquidity risk is medium, with a current ratio of 1.61 and negative free cash flow.
Bull / Bear case
Generated · model-assistedReturn on equity of 2.4% outperforms the 1.2% median for the peer group.
Cash conversion ratio of 1.79 is significantly higher than the 0.76 cohort median.
Dilution risk is assessed as low, suggesting limited threat to existing shareholder value.
Credit risk is flagged as high, indicating significant potential for financial distress or default.
Debt-to-equity ratio of 0.95 places the company in the bottom quartile of peers.
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- ICH Co Ltd Market data — financials · 2026-05-26