Noroo Holdings Co Ltd

Noroo Holdings maintains a liquidity position with a current ratio of 1.6, indicating moderate short-term financial flexibility. The company's price-to-book ratio of 0.45 suggests that the market values its equity at a discount relative to its book value. With a cash and equivalents balance of 110,181.55 billion KRW, the firm has sufficient liquidity to cover its long-term debt of 143,774.12 billion KRW, though net cash is negative after subtracting total debt.

Profitability metrics show a return on equity (ROE) of 2.68% and a return on assets (ROA) of 0.95%, both below the typical thresholds for high-performing chemical firms. The company's operating margin of 8.2% (calculated from operating income of 28,360.66 billion KRW on revenue of 345,837.46 billion KRW) is in line with industry norms, but its net margin of 3.35% (11,590.31 billion KRW net income) is relatively modest.

Geographically, Noroo Holdings' revenue is concentrated in South Korea, with no disclosed international segments. The company's business is primarily driven by domestic demand for commodity chemicals, which exposes it to regional economic fluctuations.

The company's revenue growth is expected to remain stable, with a current FY outlook of 1.2% growth and a next FY outlook of 1.8% growth. This aligns with the broader industry trend of moderate expansion in the commodity chemicals sector. Historical revenue data shows a consistent but modest growth trajectory, with a 2.1% year-over-year increase in the most recent period.

Risk factors include a medium liquidity risk due to the company's current ratio and a low dilution risk, as shares outstanding have not changed significantly in the past year. The company's debt-to-equity ratio of 0.33 indicates a conservative capital structure, but the negative net cash position after debt suggests potential refinancing needs.

Recent events include the filing of its latest financial report, which disclosed a net income of 11,590.31 billion KRW and a gross profit of 86,964.75 billion KRW. No major regulatory or operational disruptions were reported in the latest filings.

Noroo Holdings Co Ltd (000320.KS) has been formally classified within the Chemicals activity and Basic Materials economic sector, marking a significant update to its corporate taxonomy. This classification provides a clearer framework for understanding the company's operational focus and industry positioning, moving from an undefined status to a specific sectoral identity. Alongside this sectoral definition, the company’s risk profile has been established with specific assessments for dilution and liquidity. The dilution risk is currently rated as low, suggesting that existing shareholders face minimal threat from equity expansion. Conversely, the liquidity risk is assessed at a medium level, indicating moderate concerns regarding the ease of trading the stock or accessing capital without significant price impact. These risk assessments are critical for investors evaluating the stability and tradability of Noroo Holdings. The low dilution risk offers reassurance regarding share value preservation, while the medium liquidity risk highlights a potential constraint on transaction efficiency that traders and institutional investors must account for in their portfolio management strategies. Currently, the company shows no recorded analyst coverage, index membership, or disclosed top holders, which may contribute to the observed liquidity characteristics. The absence of these external validation metrics underscores the importance of the newly established internal risk and taxonomy data as primary indicators for assessing Noroo Holdings' current market standing.

Cash conversion ratio of 2.08 is nearly double the 1.10 median for the Commodity Chemicals peer group.

Net income CAGR of 112.3% over four years demonstrates strong historical earnings growth momentum.

Debt-to-equity ratio of 0.33 is below the 0.31 cohort median, indicating conservative leverage levels.

Free cash flow reached 69.4 billion KRW in FY2025, supporting strong liquidity generation capabilities.

Revenue growth is projected to contract by 0.7% in FY2026, signaling top-line stagnation.

Revenue KRW 1.24T, −0,7% YoY; Operating income −8,4% YoY.

• ▍Revenue KRW 1.24T, −0,7% YoY
• ▍Operating income −8,4% YoY
• ▍Net income −36,3% YoY
• ▍Free cash flow −46,3% YoY
• ▍Net margin 2.6%

Revenue KRW 1.25T, +2,8% YoY; Operating income +9,2% YoY.

• ▍Revenue KRW 1.25T, +2,8% YoY
• ▍Operating income +9,2% YoY
• ▍Net income +99,9% YoY
• ▍Free cash flow +63,0% YoY
• ▍Net margin 4.1%

Revenue KRW 1.21T, +17,0% YoY; Operating income +47,1% YoY.

• ▍Revenue KRW 1.21T, +17,0% YoY
• ▍Operating income +47,1% YoY
• ▍Net income +2,0% YoY
• ▍Free cash flow +183,7% YoY
• ▍Net margin 2.1%

Revenue KRW 1.04T, +8,7% YoY; Operating income +65,9% YoY.

• ▍Revenue KRW 1.04T, +8,7% YoY
• ▍Operating income +65,9% YoY
• ▍Net income +1 464,1% YoY
• ▍Free cash flow +2 829,9% YoY
• ▍Net margin 2.4%

Revenue KRW 955.21B; Operating income KRW 27.16B.

• ▍Revenue KRW 955.21B
• ▍Operating income KRW 27.16B
• ▍Net margin 0.2%