CS Holdings Co., Ltd. (000590) AI Stock Analysis

CS Holdings Co., Ltd.

(Korea Exchange:000590)

Select Model

Rating:82Outperform

Price Target:KRW 83,752.00▲(15.36% Upside)

Action:initiatedcoverage

Date:11/02/26

The score is supported primarily by the exceptionally strong balance sheet, solid TTM cash generation, and low P/E ratio. Positive technical momentum also helps, although the share price remains below its 200-day average and momentum indicators show near-term overbought risk. Historical revenue and cash-flow volatility are the main financial limitations.

Positive Factors

Very low leverageExtremely low leverage gives the company substantial financial flexibility and limited refinancing exposure. A conservative capital structure can help preserve resilience through operating fluctuations while leaving capacity to support investment, maintain liquidity, or withstand weaker business conditions over the next several quarters.

Negative Factors

Revenue trend volatilityThe recent return to growth has not yet demonstrated a durable multi-year trend because it follows several years of contraction. This uneven revenue pattern makes forward operating performance less predictable and increases the risk that current stabilization may not translate into sustained expansion.

CS Holdings Co., Ltd. (000590) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 74.75B
Dividend Yield: 0.69%
Average Volume (3M): 684
Price to Earnings (P/E): 3.2
Beta (1Y): 0.22
Revenue Growth: -2.16%
EPS Growth: -9.45%
Country: KR
Employees: 4
Sector: General
Sector Strength: 55
Industry: Manufacturing - Tools & Accessories

CS Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Operating from South Korea, CS Holdings Co., Ltd. specializes in the production and distribution of various welding consumables. Its extensive product portfolio encompasses an array of items such as stick electrodes, flux-cored and solid (MAG/MIG) wi...

CS Holdings Co., Ltd. Financial Statement Overview

Summary

Strong overall financial condition, led by an exceptionally strong balance sheet and solid TTM cash generation. Profitability is healthy, but historical revenue declines, margin volatility, cash-flow volatility, and moderate return on equity limit the score.

Income Statement

76Positive

Balance Sheet

93Very Positive

Cash Flow

86Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	137.24B	134.87B	141.95B	171.97B	175.27B	159.02B
Gross Profit	32.11B	34.55B	35.86B	37.31B	33.61B	40.94B
EBITDA	27.39B	22.89B	51.69B	30.75B	26.59B	29.37B
Net Income	23.49B	17.28B	31.02B	16.58B	14.21B	21.07B
Balance Sheet
Total Assets	444.11B	425.40B	412.59B	383.91B	364.12B	353.72B
Cash, Cash Equivalents and Short-Term Investments	238.45B	206.53B	193.34B	166.91B	138.64B	115.85B
Total Debt	1.08B	1.26B	990.29M	1.50B	3.86B	4.07B
Total Liabilities	34.14B	31.67B	35.09B	36.70B	33.69B	41.52B
Stockholders Equity	344.65B	330.25B	314.76B	284.39B	271.34B	256.88B
Cash Flow
Free Cash Flow	27.95B	16.74B	29.17B	27.63B	15.87B	5.15B
Operating Cash Flow	28.85B	17.61B	29.53B	28.24B	17.14B	8.11B
Investing Cash Flow	-18.00B	9.20B	-23.17B	-51.79B	4.60B	-43.98B
Financing Cash Flow	-1.19B	-1.18B	-4.37B	-7.82B	-3.46B	-4.59B

CS Holdings Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price72600.00

Price Trends

50DMA69090.00Positive

100DMA68888.00Positive

200DMA73848.50Negative

Market Momentum

MACD914.20Negative

RSI65.84Neutral

STOCH94.42Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:000590, the sentiment is Positive. The current price of 72600.00 is above the 20-day moving average (MA) of 71215.00, above the 50-day MA of 69090.00, and below the 200-day MA of 73848.50, indicating a neutral trend. The MACD of 914.20 indicates Negative momentum. The RSI at 65.84 is Neutral, neither overbought nor oversold. The STOCH value of 94.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:000590.

CS Holdings Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:000590 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:000590	82Outperform	KRW 74.34B	3.17	―	0.69%	-2.16%	-9.45%
KR:120030	76Outperform	KRW 68.10B	5.06	―	0.67%	0.39%	10.15%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

KR:000590 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:000590	CS Holdings Co., Ltd.	72600.00	1252.14	1.75%
KR:017480	Samhyun Steel Co., Ltd.	4570.00	273.92	6.38%
KR:024740	Hanil Forging Industrial Co., Ltd.	2110.00	-90.00	-4.09%
KR:053260	Keum Kang Steel Co., Ltd.	5580.00	1680.68	43.10%
KR:120030	Chosun Welding Co., Ltd.	74400.00	-22200.00	-22.98%
KR:365330	SY STEEL TECH Co., Ltd.	1418.00	-1773.37	-55.57%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026

CS Holdings Co., Ltd. AI Stock Analysis