Tongyang Pile Inc

Tongyang Pile Inc maintains a strong liquidity position, with a current ratio of 13.28, indicating a high ability to meet short-term obligations. The company's cash and equivalents amount to KRW 43,065,692,980, which is significantly higher than its total liabilities of KRW 5,946,151,960, suggesting a robust liquidity buffer. The price-to-book ratio of 0.31 and price-to-tangible-book ratio of 0.31 indicate that the company is trading at a substantial discount to its book value, potentially signaling undervaluation or underlying financial distress.

Profitability metrics for Tongyang Pile Inc are weak, with a net income of KRW -80,423,610 and an operating income of KRW 51,956,220, reflecting a challenging operating environment. The return on equity (ROE) and return on assets (ROA) are both negative at -0.0006, which is significantly below the industry median for construction materials firms, indicating poor capital efficiency and asset utilization. The gross profit margin of 16.80% is also below the industry average, suggesting that the company is struggling to maintain pricing power or control costs effectively.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of diversification increases exposure to regional economic downturns or regulatory changes that could impact the construction materials market. The absence of segment-specific revenue breakdowns limits the ability to assess the performance of different product lines or geographic regions.

Tongyang Pile Inc's growth trajectory appears to be constrained, with no disclosed revenue growth in the most recent period. The company's capital expenditure of KRW -11,961,600 suggests minimal investment in new projects or capacity expansion, which could hinder long-term growth. The free cash flow of KRW 455,049,790 is positive but relatively small compared to the company's total assets, indicating limited financial flexibility for strategic investments or shareholder returns.

The risk assessment for Tongyang Pile Inc indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.0 suggests a conservative capital structure with no long-term debt obligations, reducing financial leverage risk. However, the negative net income and weak profitability metrics highlight operational risks that could affect the company's ability to sustain operations or generate returns for shareholders.

Recent events and filings for Tongyang Pile Inc do not indicate any material changes in the company's financial position or strategic direction. The absence of recent earnings calls, regulatory actions, or major business developments suggests a stable but stagnant operating environment. Investors should monitor the company's ability to improve profitability and manage costs in the coming periods to assess its long-term viability.

The company maintains a zero debt-to-equity ratio, significantly outperforming the construction materials cohort median of 0.25.

Tongyang Pile Inc exhibits low dilution, liquidity, and credit risks according to the provided risk flag assessments.

Capital expenditure relative to revenue is above the seventy-fifth percentile of the construction materials cohort benchmark.

Revenue contracted by 5.3% annually over the last four years, indicating a persistent long-term downward trend.

Cash conversion is in the bottom quartile of the cohort, with a metric of -62.97 versus a median of 1.2.

Revenue KRW 72.58B, +4,4% YoY; Operating income −35,2% YoY.

• ▍Revenue KRW 72.58B, +4,4% YoY
• ▍Operating income −35,2% YoY
• ▍Net income +105,8% YoY
• ▍Free cash flow +45,5% YoY
• ▍Net margin 6.8%

Revenue KRW 69.53B; Operating income KRW 8.11B.

• ▍Revenue KRW 69.53B
• ▍Operating income KRW 8.11B
• ▍Net margin 3.4%