002690.Ks
The company operates in the iron and steel industry, primarily engaged in mining activities, and generates revenue through the production and sale of steel products.
Business. The company operates in the iron and steel industry, primarily engaged in mining activities, and generates revenue through the production and sale of steel products.
At a glance
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- Macro
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the iron and steel industry, primarily engaged in mining activities, and generates revenue through the production and sale of steel products.
The company maintains a strong liquidity position, with a current ratio of 6.78, indicating a significant ability to cover short-term obligations with its current assets. Additionally, the company holds cash and equivalents amounting to 11,362,727,370 KRW, which supports its liquidity profile. The price-to-book ratio of 0.2 suggests that the company is trading at a significant discount to its book value, potentially indicating undervaluation or asset impairment concerns.
Profitability metrics reveal a mixed picture. The company reported a net income of 1,350,334,830 KRW, but its operating income was negative at -8,490,329,130 KRW, indicating operational challenges. The return on equity (ROE) of 0.86% and return on assets (ROA) of 0.77% are below typical thresholds for the industry, suggesting that the company is not generating strong returns relative to its equity and asset base.
The company's revenue is primarily concentrated in its core mining and steel production operations, with no significant diversification across business segments. Geographically, the company's exposure is primarily domestic, with no disclosed international operations. This concentration may increase vulnerability to regional economic or regulatory shifts.
Looking ahead, the company's growth trajectory appears uncertain. While the company reported a free cash flow of 4,894,088,830 KRW, the negative operating income raises concerns about its ability to sustain growth. The capital expenditure of -1,108,612,000 KRW indicates ongoing investment, but the direction and magnitude of future revenue growth remain unclear.
Risk factors include the company's negative operating income, which could impact its ability to service debt or fund operations. However, the company's liquidity position is strong, and there are no immediate filing-based liquidity or dilution flags. The dilution potential is low, and no significant adjustments have been applied to the valuation metrics.
Recent events, as reflected in the latest financial filings, show a decline in operating performance despite positive net income. The company's financial statements do not indicate any major recent events or disclosures that would significantly alter its risk profile.
- The company has a strong liquidity position with a current ratio of 6.78 and significant cash reserves.
- Despite a positive net income, the company is reporting a negative operating income, indicating operational inefficiencies.
- The company's ROE and ROA are below industry norms, suggesting weak returns on equity and assets.
- The company's revenue is concentrated in its core operations, with no significant diversification.
- The company's growth trajectory is uncertain, with mixed signals from its free cash flow and capital expenditure.
- The company's risk profile is low in terms of liquidity and dilution, with no immediate filing-based flags.
Bull / Bear case
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
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- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
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- 002690.KS Market data — financials · 2026-05-26
Ownership & reference
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Short positioning
Geographic breakdown
Intel & risk
4 tracked-field change(s) detected vs prior analysis; max severity: medium.
- Dilution risk— → lowlow
- Liquidity risk— → lowlow
- Activity— → Miningmedium
- Economic sector— → Basic Materialsmedium