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Choheung Corporation (002600) AI Stock Analysis

KR:002600

Choheung Corporation

(Korea Exchange:002600)

Select Model
Rating:50Neutral
Price Target:KRW 139,500.00â–²(0.14% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is primarily constrained by weaker financial quality despite strong revenue growth: thin profitability, higher leverage, and inconsistent free cash flow reduce confidence in durable earnings power. Technicals are moderately supportive with a mild uptrend and neutral momentum, while valuation is mixed—high P/E is a headwind partially offset by an attractive dividend yield.

Positive Factors
Strong Revenue GrowthTTM revenue growth of roughly 78%, alongside an upward multi-year trend, indicates stronger top-line momentum and expanding business activity. If this trajectory persists, it can provide a broader base over which Choheung may spread costs and support reinvestment, even though growth must still translate into profit.
Negative Factors
Elevated LeverageDebt has grown faster than equity, lifting debt-to-equity to roughly 2.0x from 0.6x in 2021. This reduces financial flexibility and makes results more sensitive to interest costs and operating volatility, potentially limiting the company’s ability to fund growth or absorb weaker trading.

Choheung Corporation (002600) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%KR:002600-4.22%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 83.58B
Dividend Yield
4.31%
Average Volume (3M)
22
Price to Earnings (P/E)
38.1
Beta (1Y)
0.08
Revenue Growth
7.49%
EPS Growth
61.62%
Country
KR
Employees
533
Sector
General
Sector Strength
55
Industry
Packaged Foods

Choheung Corporation Business Overview & Revenue Model

Company Description

Headquartered in Ansan-si, South Korea, Choheung Corporation manufactures dairy goods. Its diverse inventory features items such as cheese, yeast, bread cream, various sauces, and other composite products.

Choheung Corporation Financial Statement Overview

Summary

Strong TTM revenue growth (~78%) is a clear positive, but fundamentals are weighed down by very thin net margin (~0.4%), increased leverage (debt-to-equity ~2.0x vs ~0.6x in 2021), low ROE (~1.5%), and volatile/weak cash conversion with a history of weak/negative free cash flow.

Income Statement

56Neutral

Balance Sheet

45Neutral

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue499.67B488.25B428.16B405.95B324.04B250.86B
Gross Profit52.71B49.76B49.74B40.76B34.27B35.05B
EBITDA30.09B28.48B23.10B21.17B23.60B26.81B
Net Income2.20B8.08B2.51B355.24M11.13B16.07B
Balance Sheet
Total Assets497.50B434.78B399.12B394.00B433.76B267.56B
Cash, Cash Equivalents and Short-Term Investments79.39B70.98B53.54B35.59B34.95B42.78B
Total Debt289.33B241.03B201.89B216.51B212.54B82.06B
Total Liabilities350.64B283.32B251.57B244.36B279.57B121.82B
Stockholders Equity146.86B151.47B147.55B149.64B154.19B145.74B
Cash Flow
Free Cash Flow5.40B-12.87B36.89B233.13M-112.66B8.65B
Operating Cash Flow24.02B11.97B45.89B9.16B-83.04B30.39B
Investing Cash Flow-18.47B-25.34B-6.04B-8.84B-34.61B-21.37B
Financing Cash Flow15.31B30.08B-21.72B-858.37M112.48B-14.00B

Choheung Corporation Technical Analysis

Technical Analysis SentimentPositive
Last Price139300.00

Price Trends

50DMA138152.00Positive
100DMA137824.00Positive
200DMA142992.82Negative

Market Momentum

MACD344.12Positive
RSI53.30Neutral
STOCH31.02Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002600, the sentiment is Positive. The current price of 139300.00 is above the 20-day moving average (MA) of 139035.00, above the 50-day MA of 138152.00, and below the 200-day MA of 142992.82, indicating a neutral trend. The MACD of 344.12 indicates Positive momentum. The RSI at 53.30 is Neutral, neither overbought nor oversold. The STOCH value of 31.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:002600.

Choheung Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:002600 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:248170KR:24817069NeutralKRW 96.32B3.77―0.95%2.37%93.67%
KR:007540KR:00754064NeutralKRW 86.26B9.32―0.47%2.16%-10.38%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:002600KR:00260050NeutralKRW 83.58B38.06―4.31%7.49%61.62%
KR:097950KR:09795049NeutralKRW 2.67T-4.09―3.46%-6.75%-591.24%
KR:007160KR:00716045NeutralKRW 203.96B-1.99―0.49%6.88%-1246.67%
KR:014710KR:01471045NeutralKRW 169.09B-5.21―0.51%42.15%-320.09%

* General Sector Average

Performance Comparison

-20%0%20%40%KR:002600KR:007160KR:007540KR:014710KR:097950KR:248170Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:002600 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:002600Choheung Corporation139300.00-8063.81-5.47%
KR:007160Sajo Industries Co., Ltd40850.00-6481.86-13.69%
KR:007540SEMPIO COMPANY42800.00-5355.04-11.12%
KR:014710Sajo Seafood Co., Ltd.9820.001752.7721.73%
KR:097950CJ CheilJedang Corporation173200.00-47238.27-21.43%
KR:248170Sempio Foods Co.21100.00-5113.10-19.51%
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