About A053060

Founded: 1973
Employees: 203
CEO: Jung-Sang Yun
WebsiteView website: www.saedong.co.kr

Saedong Co.,Ltd. manufactures and sells automotive components and systems in South Korea and internationally. It develops and produces exterior parts for automobiles, including metal, general, and variable extrusions; general and gas injection molds; and molding products, as well as door belts. The company also exports its products. Saedong Co.,Ltd. was founded in 1973 and is headquartered in Busan, South Korea.

Recent A053060 News & Updates

New Risk • Aug 28

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (₩23.5b market cap, or US$17.1m).

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Saedong Co.,Ltd. Stock Price

A053060 Share Price Performance

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Saedong Co.,Ltd. Key Details

About A053060

Recent A053060 News & Updates

New major risk - Earnings quality

Investor sentiment improves as stock rises 17%

The Strong Earnings Posted By SaedongLtd (KOSDAQ:053060) Are A Good Indication Of The Strength Of The Business

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