Haesung Optics Co Ltd

Haesung Optics Co Ltd has a debt-to-equity ratio of 0.91, indicating a moderate reliance on debt financing, and a current ratio of 0.9, suggesting limited short-term liquidity cushion. The company's free cash flow of 1,015,379,470 KRW supports operational flexibility, but its operating cash flow of -1,997,873,570 KRW indicates ongoing cash burn from operations.

Profitability metrics show a return on equity of 6.96% and a return on assets of 2.52%, both below the typical thresholds for high-performing technology firms. These figures suggest that the company is not efficiently utilizing its equity or asset base to generate returns.

The company's revenue is concentrated in the computers and peripherals segment, with no disclosed geographic diversification. This concentration increases exposure to sector-specific risks and regional economic fluctuations.

Outlook data indicates a mixed growth trajectory, with the company's recent financial performance showing a negative EPS of -1,463.16 KRW. This suggests potential challenges in maintaining revenue growth and profitability in the near term.

Risk factors include medium liquidity risk due to a current ratio below 1 and a negative net cash position after subtracting total debt. The company's dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding.

Recent events include the disclosure of a negative EPS, which may signal operational inefficiencies or market challenges. No recent filings or transcripts have been provided to further contextualize these financial results.

Revenue surged 47.7% year-over-year to 160.3 billion KRW, demonstrating strong top-line growth momentum.

Return on equity of 7.0% is well above the 2.0% cohort median, showing better capital efficiency.

Dilution risk is assessed as low, providing relative stability for existing shareholder equity value.

The company reported a net loss of 8.6 billion KRW, continuing a history of negative net income.

Free cash flow deteriorated to a negative 24.7 billion KRW, signaling severe cash generation challenges.

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

Debt-to-equity ratio of 0.91 is in the bottom quartile, indicating high leverage compared to peers.

Cash conversion of -0.68 is far below the 0.91 cohort median, highlighting poor earnings quality.

Revenue KRW 42.31B, +68,0% YoY; Operating income −145,7% YoY.

• ▍Revenue KRW 42.31B, +68,0% YoY
• ▍Operating income −145,7% YoY
• ▍Net income −250,1% YoY
• ▍Free cash flow −796,5% YoY
• ▍Net margin -2.7%

Revenue KRW 32.22B, +25,9% YoY; Operating income −29,8% YoY.

• ▍Revenue KRW 32.22B, +25,9% YoY
• ▍Operating income −29,8% YoY
• ▍Net income −37,1% YoY
• ▍Free cash flow −2 534,2% YoY
• ▍Net margin -17.6%

Revenue KRW 121.17B, −26,0% YoY; Operating income +146,2% YoY.

• ▍Revenue KRW 121.17B, −26,0% YoY
• ▍Operating income +146,2% YoY
• ▍Net income +91,5% YoY
• ▍Free cash flow +84,1% YoY
• ▍Net margin -1.1%

Revenue KRW 163.81B, +16,3% YoY; Operating income +23,3% YoY.

• ▍Revenue KRW 163.81B, +16,3% YoY
• ▍Operating income +23,3% YoY
• ▍Net income +61,8% YoY
• ▍Free cash flow −470,4% YoY
• ▍Net margin -9.8%

Revenue KRW 140.84B; Operating income -KRW 13.12B.

• ▍Revenue KRW 140.84B
• ▍Operating income -KRW 13.12B
• ▍Net margin -29.9%