Chobi Co Ltd
Chobi Co Ltd maintains a liquidity position with a current ratio of 1.27, indicating moderate short-term solvency, and a price-to-book ratio of 1.32, suggesting market valuation is slightly above book value. The company's cash and equivalents amount to KRW 4,383,704,790, but this is offset by long-term debt of KRW 43,566,766,240, resulting in a net cash position that is negative after subtracting total debt. Profitability metrics show a return on equity of 3.61% and a return on assets of 1.6%, both below the industry median for Agricultural Chemicals. The company's gross margin is 21.05% (KRW 20,986,139,620 gross profit on KRW 99,737,235,320 revenue), and operating margin is 3.83% (KRW 3,820,305,560 operating income), indicating relatively low efficiency in converting revenue to profit. The company's revenue is concentrated in its core fertilizer manufacturing business, with no disclosed geographic diversification. All revenue is attributed to a single business segment, and the company does not report revenue by geographic region, suggesting a high concentration risk in both product and geographic exposure. Looking ahead, the company's revenue is projected to grow by 4.5% in the current fiscal year and 3.2% in the next fiscal year, based on the outlook provided. This growth is modest compared to the industry median, and the company's capital expenditure of KRW -2,656,210,920 indicates a reduction in investment in new capacity or infrastructure. Risk factors include a medium liquidity risk due to the current ratio of 1.27 and a debt-to-equity ratio of 0.8, which is relatively high for a company in the Agricultural Chemicals industry. The risk assessment also notes a low dilution potential, with shares outstanding remaining unchanged between basic and diluted shares. Recent filings and transcripts do not indicate any material events or strategic shifts. The company's 10-K filing highlights ongoing operations in the fertilizer market, with no significant new product launches or market expansions disclosed in the latest reporting period.
Business. Chobi Co Ltd is a Korea-based company primarily engaged in the manufacture and sale of fertilizer products, including compound fertilizers, controlled release fertilizers, and organic fertilizers, targeting agricultural and horticultural markets.
Classification. Chobi Co Ltd is classified under the Basic Materials economic sector, Chemicals business sector, and Agricultural Chemicals industry with a confidence level of 0.92.
- Chobi Co Ltd operates in the Agricultural Chemicals industry with a focus on fertilizer products, but its profitability metrics are below industry medians.
- The company's liquidity position is moderate, with a current ratio of 1.27 and a debt-to-equity ratio of 0.8.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed, increasing exposure to market-specific risks.
- The company's growth outlook is modest, with projected revenue increases of 4.5% and 3.2% in the next two fiscal years.
- Risk factors include medium liquidity risk and a high debt-to-equity ratio, but dilution risk is low.
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- Net cash is negative after subtracting total debt.