Wonik IPS Co Ltd

Wonik IPS maintains a strong liquidity position, with a current ratio of 2.34 and cash and equivalents of 98,905,424,960 KRW, indicating a solid ability to meet short-term obligations. The company's debt-to-equity ratio is 0.01, reflecting a conservative capital structure with minimal leverage. Free cash flow for the period was 2,888,011,960 KRW, supporting operational flexibility and potential reinvestment.

Profitability metrics show mixed performance. Return on equity (ROE) is 0.83%, and return on assets (ROA) is 0.62%, both below the industry median for Semiconductor Equipment & Testing. The company reported a net income of 7,026,274,480 KRW despite an operating loss of -3,086,434,990 KRW, suggesting non-operating income or gains offset operational costs.

Wonik IPS operates in a single disclosed segment, with no geographic revenue breakdown provided in the latest financials. This lack of segmentation data limits visibility into geographic exposure and potential concentration risks. The company's revenue concentration is not explicitly quantified, but the absence of multiple segments implies a relatively undiversified business model.

The company's growth trajectory is uncertain. Revenue for the period was 154,901,639,500 KRW, but no year-over-year growth rate is provided. Analysts have issued a mean price target of 138,923.08 KRW and a median of 160,000.00 KRW, with a mean recommendation of 2.00 (Buy). However, the operating loss and low ROE suggest near-term challenges in sustaining growth.

Risk factors are currently low, with no immediate liquidity or dilution flags detected. The company has a low dilution risk, with basic and diluted shares outstanding equal at 48,655,690. Capital expenditures were -20,173,445,420 KRW, indicating a net outflow, but no dilutive financing events were identified in the latest filings.

Recent events include analyst price targets and recommendations, with 3 strong-buy, 10 buy, and 1 hold ratings. No material filings or transcripts were disclosed in the latest data, limiting insight into strategic or operational developments.

Free cash flow surged 208.4% year-over-year to 89.1 billion KRW in FY2026, demonstrating strong cash generation capabilities.

Net income expanded 305.0% year-over-year to 84.0 billion KRW in FY2026, signaling a robust return to profitability.

The company exhibits best-in-class cash conversion at 4.11, significantly outperforming the cohort median of 0.96.

Long-term debt decreased to 6.2 billion KRW in FY2026, reflecting a conservative leverage profile with a D/E ratio of 0.01.

Analysts maintain a buy recommendation with a median price target of 160,000 KRW, implying potential upside from current levels.

The company carries a high credit risk flag, suggesting potential vulnerabilities in its financial stability or debt servicing.

Return on equity of 0.83% lags the cohort median of 3.99%, highlighting inefficient capital utilization relative to peers.

Revenue KRW 164.90B, +32,8% YoY; Operating income +245,4% YoY.

• ▍Revenue KRW 164.90B, +32,8% YoY
• ▍Operating income +245,4% YoY
• ▍Net income +567,7% YoY
• ▍Free cash flow +1 191,1% YoY
• ▍Net margin 13.4%

Revenue KRW 274.99B, −6,7% YoY; Operating income −33,8% YoY.

• ▍Revenue KRW 274.99B, −6,7% YoY
• ▍Operating income −33,8% YoY
• ▍Net income +18,3% YoY
• ▍Free cash flow +0,8% YoY
• ▍Net margin 11.9%

Revenue KRW 268.44B, +45,4% YoY; Operating income +90,4% YoY.

• ▍Revenue KRW 268.44B, +45,4% YoY
• ▍Operating income +90,4% YoY
• ▍Net income +234,7% YoY
• ▍Free cash flow +165,3% YoY
• ▍Net margin 10.5%

Revenue KRW 242.17B, +56,3% YoY; Operating income +1 281,0% YoY.

• ▍Revenue KRW 242.17B, +56,3% YoY
• ▍Operating income +1 281,0% YoY
• ▍Net income +293,6% YoY
• ▍Free cash flow +898,2% YoY
• ▍Net margin 11.4%

Revenue KRW 124.20B; Operating income -KRW 7.38B.

• ▍Revenue KRW 124.20B
• ▍Operating income -KRW 7.38B
• ▍Net margin -3.8%

Revenue KRW 294.85B; Operating income KRW 25.98B.

• ▍Revenue KRW 294.85B
• ▍Operating income KRW 25.98B
• ▍Net margin 9.4%

Revenue KRW 184.59B; Operating income KRW 14.47B.

• ▍Revenue KRW 184.59B
• ▍Operating income KRW 14.47B
• ▍Net margin 4.6%

Revenue KRW 154.90B; Operating income -KRW 3.09B.

• ▍Revenue KRW 154.90B
• ▍Operating income -KRW 3.09B
• ▍Net margin 4.5%

Revenue KRW 909.80B, +21,6% YoY; Operating income +593,9% YoY.

• ▍Revenue KRW 909.80B, +21,6% YoY
• ▍Operating income +593,9% YoY
• ▍Net income +305,0% YoY
• ▍Free cash flow +208,4% YoY
• ▍Net margin 9.2%

Revenue KRW 748.18B, +8,4% YoY; Operating income +136,7% YoY.

• ▍Revenue KRW 748.18B, +8,4% YoY
• ▍Operating income +136,7% YoY
• ▍Net income +253,6% YoY
• ▍Free cash flow +167,9% YoY
• ▍Net margin 2.8%

Revenue KRW 690.34B, −31,8% YoY; Operating income −132,2% YoY.

• ▍Revenue KRW 690.34B, −31,8% YoY
• ▍Operating income −132,2% YoY
• ▍Net income −115,1% YoY
• ▍Free cash flow −205,7% YoY
• ▍Net margin -2.0%

Revenue KRW 1.01T, −17,9% YoY; Operating income −45,1% YoY.

• ▍Revenue KRW 1.01T, −17,9% YoY
• ▍Operating income −45,1% YoY
• ▍Net income −38,4% YoY
• ▍Free cash flow −44,5% YoY
• ▍Net margin 8.8%