004890.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 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
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- 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's capital structure is characterized by a low debt-to-equity ratio of 0.02, indicating a conservative leverage position. It maintains a strong liquidity position with a current ratio of 7.04, supported by cash and equivalents of KRW 60,289,233,260. However, the company reported negative operating income of KRW -25,189,608,120 and net income of KRW -12,905,767,490, reflecting a challenging operating environment.
Profitability metrics show a return on equity of -3.18% and a return on assets of -2.84%, both significantly below the industry median for the Iron & Steel sector. The company's operating cash flow of KRW 1,478,462,540 is modest, and its free cash flow is negative at KRW -13,890,938,160, indicating that capital expenditures are outpacing cash inflows.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic and regulatory risks. The company's capital expenditures of KRW -4,470,100,520 suggest ongoing investment in operations, but the negative free cash flow indicates that these investments are not yet generating sufficient returns.
Looking ahead, the company's revenue outlook is uncertain, with no significant growth expected in the near term. The negative operating and net income figures suggest that the company is facing headwinds in its core operations. The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected. However, the company's negative returns and cash flow metrics suggest that it may need to seek additional financing in the future.
Recent filings and transcripts do not indicate any major events that would significantly impact the company's operations or financial position. The company's financial performance is primarily influenced by industry-specific factors such as commodity prices and demand for steel products. The company's conservative capital structure and strong liquidity position provide some buffer against these risks.
- The company has a strong liquidity position with a current ratio of 7.04 and significant cash reserves.
- The company is experiencing negative operating and net income, indicating operational challenges.
- The company's capital expenditures are outpacing cash inflows, resulting in negative free cash flow.
- The company's profitability metrics are below industry medians, suggesting underperformance.
- The company's revenue is concentrated in a single segment, increasing exposure to regional risks.
- The company's conservative leverage position and low liquidity and dilution risks provide some stability.
- **margin_outlook_rationale**: The company's margin outlook is negative due to declining gross and operating profits.
Bull / Bear case
analysis pipelineIn focus — financials by report
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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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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 004890.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