Yuilrobotics
Price chart
- MA5
- MA20
- MA60
Each day's close multiplied by the listed share count of this share class alone, sampled weekly. It is the figure for this issue only, not a combined total across common and preferred shares.
Overview
Summary
Yuilrobotics was established on December 16, 2011. The company is listed on the KOSDAQ market.
The company develops and produces industrial robots and automation systems. Its product segments include Cartesian, articulated, and collaborative robots, as well as auto-feeding and cooling systems. These solutions are supplied to various industries including automotive, medical devices, secondary batteries, and food and beverage services.
Business overview as filed
가. 산업의 특성
당사의 사업은 자동화 시스템 및 산업용 로봇 관련 산업의 범주 내에 속해 있으며, 해당 산업은 아래와 같은 3가지 사유로 향후 성장 잠재력이 매우 높을 것이라 판단하고있습니다.첫째, 제조업의 인력 부족과 원가상승 등으로 공장자동화의 지속적인 수요가 발생할 것으로 기대됩니다.둘째, 제조용 로봇 분야의 전방산업은 자동차, 전자, 조선 등 대형제조업 뿐만 아니라컴퓨터, 스마트폰 등 전방위적인 제조 산업과 관련성이 있어 특정 산업의 경기 변동에 영향을 받을 가능성이 낮습니다.셋째, 품질 안전성과 생산력 향상을 도모하는 제조현장의 상황에 맞는 공장자동화의 효율성 추구와 맞물려 수요는 더욱 증가될 것으로 전망됩니다.
나. 사업의 현황 및 전망
당사는 산업용 로봇 및 사출성형에 적용되는 사출주변기기(스마트기기)의 제조와 판매 및 오토피딩(Auto-Feeding)시스템과 냉각시스템 등을 통한 자동화 시스템을 주요사업으로 영위하고 있습니다. 플라스틱 사출 자동화 시스템은 자동차, 의료기기, 2차전지, 가전제품, 일반 소비재, 포장재 등 다양한 제조산업에 두루 적용되고 있습니다.한편, 다관절 로봇과 협동 로봇을 자체적으로 개발하여 판매 중이며 이러한 다양한 로봇 솔루션 및 자동화 시스템을 통하여 기존 제조업 분야 이외의 다양한 산업으로 확장이 가능할 것으로 판단하고 있습니다.
다. 주요 제품 및 서비스
당사의 주요 제품군은 크게 산업용 로봇과 자동화 시스템 2가지로 나누어집니다. 첫번째 산업용 로봇은 직교로봇, 다관절로봇, 협동로봇 세 가지로 구분됩니다. 직교로봇은 가공된 제품을 핸들링하는 전용로봇으로 FOX SERIES, YTX SERIES 등이 있습니다. 다관절로봇은 회전 관절이 있는 로봇으로 자동차, 전기/전자, 화학, 금형, 용접 등 다양한 산업에서 사용되고 있으며 YMX1600, YMX2690, YMX5200, YMX9200 등이 있습니다. 협동로봇은 협업형 현장 작업 지원 로봇으로 최근 카페, 음식점 등F&B시장에서 큰 두각을 나타내고 있으며 당사의 해당 사업군의 로봇으로는 EC63, EC66, EC612 등이 대표적입니다. 두번째 자동화시스템의 대표 제품 라인으로는 온조기 등을 활용한 자동원료공급장치인 오토피딩(Auto-Feeding)시스템과 냉각시스템이 있으며 공장 자동화에 필요한 스마트 팩토리 솔루션(Link-Factory 4.0)을 생산 판매하고 있습니다.
라. 매출에 관한 사항
2025년도 12월말 기준 실적은 매출 36,918백만원며, 이중 자동화시스템은 25,728백만원, 산업용로봇은 7,904백만원 및 기타 매출은 4,096백만원입니다.
Company overview
가. 연결대상 종속회사 현황(요약)
가-1. 연결대상회사의 변동내용
나. 회사의 법적ㆍ상업적 명칭
다. 설립일자
당사는 2011년 12월 16일에 설립하였습니다.
라. 회사의 주소, 전화번호, 홈페이지 주소
마. 중소기업 등 해당 여부
바. 주요 사업당사는 직교로봇, 협동로봇, 다관절로봇 등 산업용 로봇과 스마트기기로 구성한자동화시스템을 주요 제품으로 개발 및 생산하고 있으며, 사출산업 및 전 산업분야의 제조자동화의 토탈 솔루션을 제공하고 있습니다.
당사의 주요 사업 내용은 아래와 같습니다.
사.신용평가에 대한 사항
아. 회사의 주권상장(또는 등록ㆍ지정) 및 특례상장에 관한 사항
Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.18), tables and figures omitted.
- The summary is written separately from the filed text and is not the filer's wording, so it may phrase things differently from or omit parts of the original, which is shown alongside for checking.
- The company introduction reproduces the sentences the filer wrote in its business report, with tables, figures and the sentences that point to other sections of the report omitted, and the accuracy of their content has not been separately verified.
VaR
The headline's measure for each of the three windows on one scale, the dot being the estimate and the bar its interval. The windows are nested and share their observations, so the three readings are not three independent measurements. The selected window is highlighted.
The issue's daily returns over the chosen window counted into equal-width bins. The vertical lines mark the VaR and cVaR above on the loss side. The published VaR sample applies exclusion rules for halts and first sessions that this raw daily series does not, so the bars and the marks can differ slightly at the edges.
Deepest drawdown 62.8% (2026-07-30). How far below its previous peak the issue stood each day over the chosen window, a description of the path already travelled.
Characteristic line
- Intercept
- +0.009%[-0.438%, +0.457%]
- R squared
- 0.43
- Observations
- 252
- Trading-time corrected beta
- 1.11[0.72, 1.50]
A 252-day window rolled one day at a time over the longest daily span of the characteristic line. It shows when the beta against the KOSDAQ150 and the annualized volatility of the issue's excess return rose and fell, and unlike the headline figures above it carries no interval.
Each point is one period's index excess return and issue excess return, and the line is the regression fitted to those points. The risk-free rate is the certificate of deposit rate.
- Beta summarizes by regression how far the issue's return moved together with the KOSPI200 or KOSDAQ150 index return, and the index is only a stand-in for the whole market.
- The intercept is the average excess return the index does not explain, and when the interval shown beside it contains zero it cannot be told apart from zero.
- Beta and the intercept are computed from the sample of the chosen window and frequency and are not values for the period ahead.
- At the daily frequency a beta corrected for differences in trading times is shown alongside, and the gap between the two shows how much later than the index the issue's trades are reflected.
Financials
| 2020Consolidated basis | 2021Consolidated basis | 2022Consolidated basis | 2023Separate basis | 2024Separate basis | 2025Separate basis | |
|---|---|---|---|---|---|---|
| RevenueKRW 100M | 288 | 350 | 384 | 295 | 352 | 369 |
| Revenue growth% | — | 21.45 | 9.88 | — | 19.40 | 4.97 |
| Operating incomeKRW 100M | 27 | 32 | -31 | -70 | 4 | -126 |
| Operating income growth% | — | 18.13 | -195.86 | — | — | -3,294.86 |
| Net incomeKRW 100M | 25 | 39 | -23 | -66 | -91 | -247 |
| Net income growth% | — | 55.32 | -159.97 | — | — | — |
| Attributable to ownersKRW 100M | 25 | 39 | -23 | — | — | — |
| Attributable to minorities | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| Operating margin% | 9.39 | 9.13 | -7.97 | -23.79 | 1.12 | -34.19 |
| Net margin% | 8.62 | 11.02 | -6.01 | -22.26 | -25.74 | -66.82 |
| ROE% | 28.40 | 18.45 | -5.80 | — | — | — |
| ROA% | 9.91 | 10.13 | -4.23 | -7.64 | -7.71 | -22.80 |
| Debt ratio% | 186.66 | 82.14 | 36.89 | 145.99 | 23.55 | 20.64 |
| Current ratio% | 210.04 | 178.88 | 259.98 | 377.22 | 228.18 | 238.95 |
| Quick ratio% | 169.20 | 123.25 | 213.39 | 331.10 | 194.12 | — |
| Reserve ratio% | — | 628.49 | 875.78 | 725.34 | 1,594.31 | 1,442.66 |
| Free cash flowKRW 100M | -13 | -53 | -65 | -119 | -357 | -188 |
| FCF margin% | -4.68 | -15.23 | -16.79 | -40.34 | -101.47 | -51.02 |
| OCF conversion% | -40.33 | 47.34 | — | — | — | — |
| Capex to revenue% | 1.21 | 20.44 | 8.36 | 34.05 | 102.17 | 20.50 |
| Inventory daysdays | — | 73.1 | 73.6 | — | 94.9 | — |
| EPSKRW | 496 | 701 | -285 | -750 | -880 | -2,138 |
| PER | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| BPSKRW | — | — | 4,649 | — | — | — |
| PBRx | — | — | 4.54 | — | — | — |
| Dividend per share | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
Profit flowKRW 100M
This fiscal year shows a loss at gross profit, operating income, profit before tax or net income, so it is left to the table rather than drawn as a flow.
This diagram traces where revenue goes at each step on its way to net income, using the filed amounts as they are. The non-operating result is taken as the difference between profit before tax and operating income and is shown as income or expense by its sign, and whatever a step's items leave unexplained is shown separately as other.
Revenue compositionKRW 100M
Margins%
Cash flow by activityKRW 100M
Balance sheet compositionKRW 100M
Debt ratio%
The left bar splits assets into current and non-current and the right bar splits the financing of those assets into liabilities and equity, so the two bars stand at the same height.
Quarterly resultsKRW 100M
Year-on-year growth%
Each quarterly bar is that quarter's three months and is never mixed with an annual figure. The growth rate is computed only where the same quarter a year earlier is also shown here, and is left blank when the base was a loss.
Cash conversion cycledays
Free cash flow breakdownKRW 100M
Inventory days and receivable days stack upward, payable days hang downward, and the cash conversion cycle they net to is drawn as the line. Each day count uses the average balance with the prior year, so the oldest year is not drawn. A day count whose line was not filed is left out, and the cycle is shown only for years that carry all three.
Free cash flow is cash from operating activities less spending on property, plant and equipment, and all three bars keep the sign as filed.
Owners' net margin%
Asset turnoverx
Financial leveragex
ROE%
ROE is the product of the owners' net margin, asset turnover and financial leverage. All three use period-end balances as denominators, and profit and equity are on the owners' basis, so the product matches the ROE in the table.
Financial statements
Balance sheet
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| 251 | 381 | 546 | 858 | 1,174 | 1,082 | |
| 168 | 220 | 348 | 551 | 479 | 392 | |
| Cash and cash equivalentsKRW 100M | 26 | 46 | 39 | 214 | 211 | 28 |
| Short-term financial instrumentsKRW 100M | 0 | — | 92 | 142 | 32 | 123 |
| InventoriesKRW 100M | 33 | 68 | 62 | 67 | 71 | Not applicable |
| Trade and other receivablesKRW 100M | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| 82 | 161 | 198 | 307 | 695 | 690 | |
| Property, plant and equipmentKRW 100M | 68 | 139 | 169 | 213 | 595 | 593 |
| Intangible assetsKRW 100M | 3 | 11 | 11 | 12 | 13 | Not applicable |
| 163 | 172 | 147 | 509 | 224 | 185 | |
| 80 | 123 | 134 | 146 | 210 | 164 | |
| Trade and other payablesKRW 100M | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| Short-term borrowingsKRW 100M | 2 | — | — | 2 | 1 | 0 |
| Current portion of long-term borrowingsKRW 100M | — | 70 | 70 | — | 0 | — |
| Current lease liabilitiesKRW 100M | 2 | 2 | 3 | 3 | 3 | 4 |
| 83 | 49 | 13 | 363 | 14 | 21 | |
| Long-term borrowingsKRW 100M | 76 | 40 | — | — | — | — |
| Non-current lease liabilitiesKRW 100M | 2 | 3 | 4 | 3 | 5 | 6 |
| 87 | 209 | 399 | 349 | 950 | 897 | |
| 87 | 209 | 399 | Not applicable | Not applicable | Not applicable | |
| Issued capitalKRW 100M | 25 | 32 | 43 | 45 | 57 | 58 |
| Capital surplusKRW 100M | Not applicable | 78 | 279 | 292 | 972 | 1,151 |
| Retained earningsKRW 100M | 83 | 122 | 97 | 33 | -59 | -308 |
| Accumulated other comprehensive incomeKRW 100M | -0 | -3 | -1 | — | 0 | — |
| Other equityKRW 100M | -20 | -20 | -19 | -20 | -20 | -5 |
| Non-controlling interestsKRW 100M | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| 매출채권As filed | 91 | 72 | 103 | 87 | 103 | 107 |
| 계약자산As filed | 11 | 24 | 29 | 24 | 19 | 55 |
| 기타수취채권As filed | 0 | 0 | 0 | 14 | 6 | 4 |
| 당기손익-공정가치측정금융자산As filed | — | — | 2 | — | 8 | 0 |
| 기타유동자산As filed | 1 | 2 | 1 | 2 | 4 | 4 |
| 당기법인세자산As filed | — | — | 0 | 1 | 1 | 1 |
| 당기손익-공정가치 측정 금융자산As filed | 6 | 7 | 21 | 0 | 31 | — |
| 사용권자산As filed | 4 | 5 | 6 | 6 | 8 | 9 |
| 장기금융상품As filed | 0 | — | — | — | — | — |
| 장기매출채권, 총액As filed | — | — | — | — | 0 | — |
| 재고자산As filed | — | — | — | — | — | 69 |
| 이연법인세자산As filed | 5 | 4 | 8 | 8 | 2 | 3 |
| 기타비유동자산As filed | 0 | 1 | 1 | 1 | 1 | 0 |
| 투자부동산As filed | — | — | — | 64 | 63 | 69 |
| 무형자산As filed | — | — | — | — | — | 16 |
| 매입채무As filed | 21 | 6 | 33 | 23 | 29 | 43 |
| 계약부채As filed | 8 | 31 | 15 | 36 | 28 | — |
| 자본과부채총계As filed | 251 | 381 | 546 | 858 | 1,174 | 1,082 |
| 기타지급채무As filed | 6 | 6 | 6 | 6 | 13 | 7 |
| 기타유동부채As filed | 9 | 6 | 7 | — | — | — |
| 당기법인세부채As filed | 1 | 1 | 0 | — | 0 | — |
| 유동성장기차입금As filed | — | — | — | 70 | — | 0 |
| 충당부채As filed | 0 | 0 | 1 | 0 | — | — |
| 기타 유동부채As filed | — | — | — | 7 | 6 | 9 |
| 전환상환우선주부채As filed | 16 | — | — | — | — | — |
| 장기매입채무 및 기타비유동채무As filed | — | — | — | 179 | — | — |
| 전환사채As filed | — | — | — | 179 | 60 | — |
| 파생상품부채As filed | 15 | — | — | — | 68 | — |
| 확정급여부채As filed | — | — | 9 | 7 | 7 | — |
| 기타비유동금융부채As filed | — | — | — | 173 | — | — |
| 유동파생상품부채As filed | — | — | — | — | — | 53 |
| 비유동파생상품부채As filed | — | — | — | 173 | 0 | 0 |
| 유동성전환사채As filed | — | — | — | — | — | 18 |
| 순확정급여부채As filed | 5 | 6 | — | — | — | — |
| 유동계약부채As filed | — | — | — | — | — | 30 |
| 유동충당부채As filed | — | — | — | — | 0 | 0 |
| 전환사채, 총액As filed | — | — | — | — | 0 | — |
| 비유동성전환사채As filed | — | — | — | — | — | 0 |
| 기타 비유동 부채As filed | — | — | — | — | 0 | — |
| 비유동 순확정급여부채As filed | — | — | — | — | — | 11 |
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| 288 | 350 | 384 | 295 | 352 | 369 | |
| Cost of salesKRW 100M | 207 | 252 | 324 | 267 | 267 | 326 |
| Gross profitKRW 100M | 81 | 98 | 60 | 28 | 85 | 43 |
| SG&A expensesKRW 100M | 54 | 66 | 91 | 98* | 81 | 170 |
| 27 | 32 | -31 | -70* | 4 | -126 | |
| Finance incomeKRW 100M | 2 | 8 | 5 | 30 | 15 | Not applicable |
| Finance costsKRW 100M | 6 | 4 | 6 | 32 | 103 | Not applicable |
| Other incomeKRW 100M | 2 | 4 | 5 | 8* | 0 | Not applicable |
| Other expensesKRW 100M | 0 | 0 | 0 | 1 | 1 | Not applicable |
| 25 | 40 | -26 | -65 | -85 | -247 | |
| Income tax expenseKRW 100M | 0 | 1 | -3 | 1 | 6 | 0 |
| 25 | 39 | -23 | -66 | -91 | -247 | |
| Attributable to ownersKRW 100M | 25 | 39 | -23 | Not applicable | Not applicable | Not applicable |
| Attributable to minoritiesKRW 100M | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| Basic earnings per shareKRW | 496 | 701 | -285 | -750 | -880 | -2,138 |
| Diluted earnings per shareKRW | 480 | 666 | -285 | -750 | -880 | -2,138 |
| 26 | 36 | -23 | -64 | -92 | -248 | |
| Other comprehensive incomeKRW 100M | 1 | -2 | 0 | Not applicable | -2 | -1 |
| 영업외손익As filed | -2 | 8 | 4 | 5 | -89 | -120 |
| 대손상각비As filed | 3 | 2 | — | — | — | — |
| 기타수익As filed | — | — | — | — | — | 9 |
| 당기손익으로 재분류되지 않는 항목As filed | — | — | -2 | 1 | -2 | — |
| 금융수익As filed | — | — | — | — | — | 7 |
| 순확정급여부채의 재측정요소As filed | 1 | 1 | -2 | 1 | -2 | -1 |
| 금융비용As filed | — | — | — | — | — | 133 |
| 금융수익-유효이자율법에 따른 이자수익As filed | 0 | 0 | — | — | — | — |
| 기타비용As filed | — | — | — | — | — | 4 |
| 금융수익-기타As filed | 2 | 8 | — | — | — | — |
| 후속적으로 당기손익으로 재분류되는 항목As filed | — | — | 2 | — | — | — |
| 당기손익으로 재분류되지 않는항목(세후기타포괄손익)As filed | 1 | 1 | — | — | — | -1 |
| 해외사업장환산외환차이As filed | — | — | 2 | — | — | — |
| 당기손익으로 재분류될 수 있는 항목(세후기타포괄손익)As filed | 0 | -3 | — | — | — | — |
| 지배기업의 소유주지분As filed | — | — | -23 | — | — | — |
| 당기손익으로 재분류되는 항목As filed | — | — | — | — | 0 | — |
| 해외사업장환산외환차이(세후기타포괄손익)As filed | 0 | -3 | — | — | — | — |
| 해외사업장 외화환산차이As filed | — | — | — | — | 0 | — |
| 총 포괄손익, 지배기업의 소유주에게 귀속되는 지분As filed | 26 | 36 | — | — | — | — |
Cash flow statement
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Net incomefrom the income statement | 25 | 39 | -23 | -66 | -91 | -247 |
| Total adjustments to operating cash flowcomputed | -35 | -20 | -9 | 47 | 93 | 134 |
| -10 | 18 | -32 | -19 | 2 | -113 | |
| Interest receivedKRW 100M | 0 | 0 | 1 | 7 | 9 | 4 |
| Interest paidKRW 100M | 2 | 2 | 2 | 3 | 2 | Not applicable |
| Income taxes paidKRW 100M | 1 | 1 | 1 | 1 | 1 | Not applicable |
| 25 | -80 | -143 | -148 | -292 | -65 | |
| Purchase of property, plant and equipmentKRW 100M | 3 | 72 | 32 | 100 | 359 | 76 |
| Proceeds from sale of property, plant and equipmentKRW 100M | 26 | Not applicable | 0 | 0 | 0 | 0 |
| Purchase of intangible assetsKRW 100M | 2 | 9 | 2 | 4 | 5 | 7 |
| 8 | 82 | 169 | 341 | 286 | -5 | |
| Issue of sharesKRW 100M | — | — | 212 | — | 371 | 0 |
| Cash at beginning of periodKRW 100M | 3 | 26 | 46 | 39 | 214 | 211 |
| 26 | 46 | 39 | 214 | 211 | 28 | |
| Effect of exchange rate changesKRW 100M | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| Net change in cash and cash equivalentsKRW 100M | 23 | 20 | -6 | 175 | -3 | -183 |
| 영업으로부터 창출된 현금흐름As filed | -7 | 17 | — | — | -4 | — |
| 영업으로에서 창출된 현금As filed | — | — | -30 | -22 | — | — |
| 외화표시 현금및현금성자산의 환율변동효과As filed | -0 | -0 | -0 | -0 | 0 | — |
| 현금및현금성자산의 환율변동으로 인한 효과As filed | — | — | — | — | — | -0 |
| 배당금수취(영업)As filed | — | 4 | — | — | — | — |
| 리스부채의 상환As filed | 2 | 2 | 3 | 3 | 3 | 4 |
| 신주발행비 지급As filed | — | — | — | — | 10 | 0 |
| 단기차입금의 증가As filed | 24 | 4 | — | 2 | — | 17 |
| 투자활동으로 인한 현금유입액As filed | 32 | 2 | 86 | 435 | 480 | — |
| 전환사채의 발행As filed | — | — | — | 330 | 0 | — |
| 기타수취채권의 처분As filed | 0 | 0 | 0 | 0 | 0 | 3 |
| 전환사채의 증가As filed | — | — | — | — | — | 0 |
| 기타장기수취채권의 처분As filed | — | 0 | 0 | 0 | 0 | 3 |
| 장기차입금의 상환As filed | — | — | — | — | 70 | — |
| 단기금융상품의 처분As filed | 2 | 0 | — | 412 | 480 | 382 |
| 주식선택권행사로 인한 현금유입As filed | — | — | — | — | — | 0 |
| 당기손익-공정가치 금융자산의 처분As filed | 3 | — | 85 | 22 | 0 | 31 |
| 주식매수선택권 행사As filed | — | — | — | 13 | 0 | — |
| 기타지급채무 증가As filed | — | — | 0 | — | 0 | 0 |
| 재무활동으로 인한 현금유입액As filed | 121 | 96 | 212 | 344 | 377 | — |
| 단기차입금의 상환As filed | 60 | 6 | — | — | — | 18 |
| 장기금융상품의 처분As filed | — | 0 | — | — | — | — |
| 재무활동으로 인한 현금유출액As filed | -113 | -14 | -43 | -3 | -91 | — |
| 정부보조금의 수취As filed | 1 | — | — | — | — | — |
| 투자활동으로 인한 현금유출액As filed | -7 | -82 | -228 | -583 | -772 | — |
| 당기손익-공정가치 측정 금융자산의 처분As filed | — | 2 | — | — | — | — |
| 장기미지급금의 증가As filed | — | — | — | — | 0 | — |
| 기타장기수취채권의 취득As filed | 0 | 0 | 0 | 4 | -0 | 1 |
| 단기차입금 증가As filed | — | — | — | — | 7 | — |
| 유동성장기차입금의 상환As filed | 51 | 6 | 40 | — | — | 0 |
| 단기차입금 감소As filed | — | — | — | — | -7 | — |
| 당기손익-공정가치 금융자산의 취득As filed | 2 | 1 | 102 | — | — | 0 |
| 단기금융상품의 취득As filed | — | — | 92 | 462 | 370 | 473 |
| 기타수취채권의 취득As filed | — | — | 0 | 12 | -3 | 0 |
| 연결범위변동에 따른 현금유출As filed | — | — | — | -1 | 0 | — |
| 기타비유동자산의 처분As filed | — | — | — | — | — | 1 |
| 투자자산취득관련 선급금 취득As filed | — | 1 | — | — | — | — |
| 당기손익인식금융자산의 취득As filed | — | — | — | — | 35 | — |
| 매각예정자산의 처분As filed | — | — | — | — | — | 72 |
| 장기차입금의 증가As filed | 67 | 40 | — | — | — | — |
| 전환상황우선주부채의 증가As filed | 30 | — | — | — | — | — |
| 전환우선주부채의 증가As filed | — | 52 | — | — | — | — |
| 연결변위번동에 따른 현금유출As filed | — | — | — | — | — | 0 |
| 영업활동에서 창출된 현금As filed | — | — | — | — | — | -117 |
| 지분법적용 투자지분의 취득As filed | — | — | — | — | 0 | — |
| 이자지급As filed | — | — | — | — | — | 1 |
| 법인세납부(환급)As filed | — | — | — | — | — | 1 |
In the latest fiscal year all three activities were net cash outflows.
A year whose own filing is absent is filled from the restated comparative in the following filing, and is marked as such. Operating indicators outside the statements, such as order backlogs, and audit opinions are not covered here, and per-share figures follow the filed values without retroactive adjustment for share splits.
Transcribed verbatim from the sentences the filer wrote in the fiscal {year} business report (received {date}), with tables, figures and cross-references to other sections omitted.
The newest annual filing shown was received on 2026.03.18.
Audit opinion
| Fiscal year | Opinion | Auditor | Fiscal year end |
|---|---|---|---|
| 2025 | 적정의견Term 15 | 태일회계법인 | 2025-12-31 |
| 2024 | 적정의견Term 14 | 태일회계법인 | 2025-12-31 |
| 2023 | 적정의견Term 13 | 회계법인 세일원 | 2025-12-31 |
| 2022 | 적정Term 12 | 신우회계법인 | 2022-12-31 |
| 2021 | 적정Term 11 | 삼덕회계법인 | 2022-12-31 |
| 2020 | 적정Term 10 | 삼덕회계법인 | 2022-12-31 |
The auditor's name and the opinion are transcribed verbatim from the filed audit report, and the wording follows the filer. A fiscal year shown twice means the filing carried two entries that the source does not distinguish.
Korean audit opinions come in four kinds, where an unqualified opinion (적정) finds the statements fairly presented, a qualified opinion (한정) does so except for a stated matter, an adverse opinion (부적정) finds them not fairly presented, and a disclaimer of opinion (의견거절) means the auditor could not obtain enough evidence to form a view.
Valuation
Valuation multiplesx
PER and PBR divide each period's closing price by the per-share figure filed for that same period, and a loss period is left blank. The quarterly view is a multiple of quarterly EPS.
Valuation models
Five models priced under one set of assumptions, set beside the current price, with how each has moved by fiscal year.
Assumptions
The risk premium and the terminal growth rate are adjustable assumptions, and the rest follow from the data and the formulas.
| Model | Model priceKRW | Versus current price |
|---|---|---|
| Gordon growth model | No dividend | |
| Dividend discount model DDM | No dividend | |
| Discounted cash flow FCFF | Base-year cash flow not positive | |
| Discounted cash flow FCFE | Base-year cash flow not positive | |
| Residual income model RIM | No book value or return on equity | |
Dividend and residual income familyKRW
Discounted cash flow familyKRW
How the figures are calculated
Each model's formula is shown in symbols and then with this issue's own numbers substituted, step by step. Changing a value in the assumptions panel changes the numbers here too. Firm-level amounts are in hundred million won and per-share values in won.
Cost of equity
r = 4.40% + 0.84 × 5.00% = 8.58%
Initial growth
g_1 = g_T = 2.00%
The cost of equity is the risk-free rate plus beta times the equity risk premium. Initial growth is the newest fiscal year's return on equity times its retention ratio, floored at zero, and falls by equal steps from that value in the first year to the terminal rate in the fifth. Only the Gordon model grows at the terminal rate from the start. Discounted cash flow starts from operating cash flow less capital expenditure, where FCFF adds after-tax interest paid and discounts at the weighted average cost of capital, and FCFE adds net borrowing and discounts at the cost of equity. The residual income model adds to book value per share the present value of earnings above the equity charge.
- A model price is the arithmetic outcome of the stated assumptions, and is neither a target price nor a basis for an investment decision.
- The cost of equity is the risk-free rate plus beta times the equity risk premium, and the risk premium and the terminal growth rate are assumptions the reader may change.
- The cash flow models take borrowings and cash only from years in which the filer itemized those lines, and a year without them yields no figure.
- Every model assumes the newest fiscal year's figures grow at a rate that converges in equal steps from the first year's rate to the terminal rate by the fifth year, and paths outside that assumption are not represented.