Gaonchips Co Ltd

Gaonchips reports a liquidity position of KRW 22,666,138,920 in cash and equivalents, representing 21.4% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is negative, indicating a reliance on operating cash flow to service liabilities. The current ratio of 2.0 suggests a strong short-term liquidity position, with current assets more than double current liabilities.

The company's profitability metrics are weak, with a return on equity of -0.65% and a return on assets of -0.38%. These figures fall below the industry median for ROE and ROA, which are typically in the range of 10-15% for high-growth semiconductor firms. Gross profit of KRW 1,904,606,470 represents 10.6% of revenue, which is in line with the industry average but insufficient to offset operating losses of KRW 609,184,990.

Gaonchips does not disclose segment or geographic revenue breakdowns in the latest financials, making it difficult to assess exposure to specific markets or product lines. However, the absence of disclosed revenue concentration suggests a diversified customer base, which is a positive signal for risk mitigation.

The company's growth trajectory is uncertain, with no outlook data provided for the current or next fiscal year. Historical revenue of KRW 17,934,956,250 is flat compared to prior periods, and the negative net income of KRW 402,235,280 indicates a lack of profitability. The capital expenditure of KRW 3,383,332,980 suggests ongoing investment in infrastructure, but the negative free cash flow of KRW 2,381,972,260 indicates that these investments are not yet generating returns.

Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.11 is low, and long-term debt of KRW 7,098,388,840 is well within equity capacity. No dilution sources were identified in the latest filings, and the number of shares outstanding remains unchanged between basic and diluted shares.

No recent events, such as earnings calls, regulatory filings, or press releases, were identified in the latest data. The absence of recent disclosures may indicate a lack of material developments or a limited public presence.

Revenue grew 7.7% year-over-year to 68.5 billion KRW, indicating top-line expansion despite recent profitability challenges.

The debt-to-equity ratio of 0.11 is below the semiconductor cohort median of 0.24, suggesting a conservative capital structure.

Dilution and liquidity risks are assessed as low, providing a stable shareholder base and market trading environment.

Long-term debt decreased significantly from 26.9 billion KRW in FY0 to 7.1 billion KRW in FY-1, improving balance sheet health.

Free cash flow turned positive in FY-1 at 2.6 billion KRW, reversing the negative trend seen in prior periods.

The company carries a high credit risk flag, suggesting potential difficulties in meeting financial obligations or securing favorable financing.

Revenue declined at an 8.2% CAGR over four years, showing a long-term downward trend in top-line growth.

Revenue KRW 26.38B; Operating income KRW 1.83B.

• ▍Revenue KRW 26.38B
• ▍Operating income KRW 1.83B
• ▍Net margin 18.1%

Revenue KRW 28.91B; Operating income KRW 2.24B.

• ▍Revenue KRW 28.91B
• ▍Operating income KRW 2.24B
• ▍Net margin 5.7%

Revenue KRW 23.27B; Operating income KRW 66.8M.

• ▍Revenue KRW 23.27B
• ▍Operating income KRW 66.8M
• ▍Net margin 6.5%

Revenue KRW 17.93B; Operating income -KRW 609.2M.

• ▍Revenue KRW 17.93B
• ▍Operating income -KRW 609.2M
• ▍Net margin -2.2%

Revenue KRW 96.49B, +51,7% YoY; Operating income −19,0% YoY.

• ▍Revenue KRW 96.49B, +51,7% YoY
• ▍Operating income −19,0% YoY
• ▍Net income +18,7% YoY
• ▍Free cash flow +1 013,4% YoY
• ▍Net margin 7.8%