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TONGYANG Incorporated (001520) AI Stock Analysis

KR:001520

TONGYANG Incorporated

(Korea Exchange:001520)

Select Model
Rating:45Neutral
Price Target:KRW 974.00▲(0.72% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is weighed down primarily by weak financial performance—operating losses, declining revenue, and persistently negative operating/free cash flow—alongside a bearish technical trend with negative momentum. A low P/E offers some valuation support, but it is not enough to offset the fundamental and trend-related risks.

Positive Factors
Equity CushionA sizable equity base relative to total assets gives TONGYANG some capacity to absorb operating volatility and financial setbacks. This cushion does not eliminate risk, but it provides greater balance-sheet resilience than a highly debt-funded structure and may support ongoing operations.
Negative Factors
Revenue ContractionDeclining revenue signals weakening business activity and reduces the scale available to cover fixed costs. If the contraction persists, TONGYANG may have less capacity to fund operations, defend its market position, or recover profitability without a meaningful improvement in demand or execution.

TONGYANG Incorporated (001520) vs. SPDR S&P 500 ETF (SPY)

-50%-40%-30%-20%-10%0%10%20%KR:001520-45.52%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 91.11B
Dividend Yield
―
Average Volume (3M)
520.27K
Price to Earnings (P/E)
7.9
Beta (1Y)
0.24
Revenue Growth
-12.73%
EPS Growth
―
Country
KR
Employees
483
Sector
General
Sector Strength
55
Industry
Construction Materials

TONGYANG Incorporated Business Overview & Revenue Model

Company Description

Headquartered in Seoul, South Korea, Tongyang Inc. was established in 1955, operating as Tongyang Major Corporation until its rebranding in March 2011. The company's core business involves the manufacturing and supply of ready-mixed concrete. Beyond...

TONGYANG Incorporated Financial Statement Overview

Summary

Overall fundamentals are weak. Revenue is down (-2.9% TTM), operating profitability has deteriorated into losses (EBIT margin ~-7.9%), and cash generation is a major concern with negative operating cash flow and free cash flow in TTM and most recent years. The balance sheet is only moderate with rising leverage (debt-to-equity ~0.73 TTM) and low returns on equity, limiting flexibility if cash burn persists.

Income Statement

38Negative

Balance Sheet

56Neutral

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue582.14B630.63B750.41B866.33B767.68B699.57B
Gross Profit44.62B46.58B75.26B99.76B82.52B80.46B
EBITDA-27.35B-3.52B-32.83B46.81B22.07B52.59B
Net Income11.68B20.08B-74.23B18.19B-26.69B16.19B
Balance Sheet
Total Assets1.46T1.45T1.32T1.10T983.55B1.01T
Cash, Cash Equivalents and Short-Term Investments214.93B218.19B90.31B118.63B134.18B180.85B
Total Debt521.11B571.66B453.17B113.00B60.66B51.35B
Total Liabilities712.72B697.95B610.91B311.41B200.02B223.24B
Stockholders Equity717.14B726.75B705.23B788.31B783.60B798.01B
Cash Flow
Free Cash Flow-21.80B-24.92B-24.83B36.48B-40.77B10.64B
Operating Cash Flow-13.95B-15.41B-10.15B54.20B-27.15B26.14B
Investing Cash Flow-79.98B-129.68B-181.43B-31.23B-12.38B5.25B
Financing Cash Flow138.20B145.50B152.91B38.19B198.47M-10.59B

TONGYANG Incorporated Technical Analysis

Technical Analysis SentimentNegative
Last Price967.00

Price Trends

50DMA1081.68Negative
100DMA1091.60Negative
200DMA1358.09Negative

Market Momentum

MACD-34.99Positive
RSI30.83Neutral
STOCH12.59Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:001520, the sentiment is Negative. The current price of 967.00 is below the 20-day moving average (MA) of 1052.80, below the 50-day MA of 1081.68, and below the 200-day MA of 1358.09, indicating a bearish trend. The MACD of -34.99 indicates Positive momentum. The RSI at 30.83 is Neutral, neither overbought nor oversold. The STOCH value of 12.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:001520.

TONGYANG Incorporated Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:001520 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:300720KR:30072071OutperformKRW 1.18T10.61―6.26%-10.13%5.00%
KR:004980KR:00498060NeutralKRW 182.13B5.78―4.06%28.24%40.24%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:344820KR:34482047NeutralKRW 338.80B-6.05―10.35%1.09%-81.46%
KR:001520KR:00152045NeutralKRW 92.69B7.86――-12.73%―
KR:183190KR:18319044NeutralKRW 311.67B27.14―0.56%-0.91%-77.24%
KR:007110KR:00711042NeutralKRW 35.64B-50.38――-27.88%2.81%

* General Sector Average

Performance Comparison

-75%-50%-25%0%25%KR:001520KR:004980KR:007110KR:183190KR:300720KR:344820Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:001520 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:001520TONGYANG Incorporated960.00-712.00-42.58%
KR:004980Sungshin Cement Co., Ltd7290.00-1896.13-20.64%
KR:007110Ilshin Stone Co., Ltd2305.00-6130.00-72.67%
KR:183190Asia Cement Co., Ltd8900.00-3012.53-25.29%
KR:300720Hanil Cement Co., Ltd.15980.00-470.10-2.86%
KR:344820KCC GLASS Corporation21250.00-2099.44-8.99%
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