Bowon Chemical Co Ltd

Bowon Chemical Co Ltd has a liquidity risk profile marked by a debt-to-equity ratio of 1.51 and a current ratio of 0.43, indicating a medium liquidity risk. The company's price-to-book ratio is 2.44, and its price-to-tangible-book ratio is also 2.44, suggesting a moderate premium over its book value. The enterprise value to EBITDA ratio is 18.28, and the enterprise value to revenue ratio is 1.79, reflecting a valuation that is in line with industry norms. The company's profitability is modest, with a return on equity of 0.91% and a return on assets of 0.31%, both below the industry median for Commodity Chemicals. The net income of 217.5 million KRW is significantly lower than the operating income of 5.12 billion KRW, indicating high operating expenses or non-operating losses. The gross profit margin is 22.1%, which is in line with the industry average. Bowon Chemical Co Ltd's revenue is distributed across three segments: Automotive Interior Surface Material, Building Material, and High-Functional Sheet Material. The company's geographic exposure is primarily domestic, with international markets contributing a smaller portion of revenue. The revenue concentration data does not indicate a high dependency on any single segment or region. The company's growth trajectory is constrained by a negative free cash flow of -3.11 billion KRW and a capital expenditure of -7.99 billion KRW, indicating significant reinvestment in operations. The operating cash flow of 5.29 billion KRW supports ongoing operations but does not provide a buffer for expansion. The outlook for the current fiscal year does not indicate a significant change in revenue or profitability. The risk assessment for Bowon Chemical Co Ltd highlights a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could limit its ability to respond to financial stress. The dilution risk is low, with no significant dilution sources identified in the recent filings. The company's capital structure is heavily leveraged, with long-term debt of 36.13 billion KRW and total liabilities of 46.19 billion KRW. Recent events and filings do not indicate any material changes in the company's operations or financial position. The company continues to operate in a competitive industry with limited visibility on long-term growth drivers. The absence of significant regulatory or geopolitical risks in the immediate term suggests a stable operating environment.