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DONG IL STEEL MFG Co., Ltd. (KR:002690)
:002690
South Korea Market
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DONG IL STEEL MFG Co., Ltd. (002690) AI Stock Analysis

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KR:002690

DONG IL STEEL MFG Co., Ltd.

(002690)

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Neutral 51 (OpenAI - Gpt-5.6Sol)
Rating:51Neutral
Price Target:
₩1,217.00
Action:N/A
Date:10/28/26
The score is held up by a very conservative, low-leverage balance sheet, but capped by weak underlying profitability (negative operating margins), inconsistent and recently weaker free cash flow, a clear technical downtrend (price below key moving averages with negative MACD), and a high P/E without a dividend yield to support valuation.
Positive Factors
Very low leverage
Extremely low leverage gives the company substantial financial flexibility in a cyclical steel industry. Minimal debt reduces refinancing and interest burdens, allowing more capacity to withstand operating volatility and preserve resources for ongoing production and strategic needs.
Negative Factors
Weak core profitability
Very thin gross margins and persistently negative operating margins show that the core steel business is not currently generating adequate operating returns. This limits internally funded growth, makes earnings vulnerable to modest cost or pricing pressure, and weakens profit durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage gives the company substantial financial flexibility in a cyclical steel industry. Minimal debt reduces refinancing and interest burdens, allowing more capacity to withstand operating volatility and preserve resources for ongoing production and strategic needs.
Read all positive factors

DONG IL STEEL MFG Co., Ltd. (002690) vs. SPDR S&P 500 ETF (SPY)

DONG IL STEEL MFG Co., Ltd. Business Overview & Revenue Model

Company Description
Dong Il Steel Mfg Co.,Ltd is a manufacturer and global supplier of various steel wire products, with its market reach extending across South Korea, Asia, and the Americas. The company's diverse portfolio includes PC steel, stranded wires, galvaniz...

DONG IL STEEL MFG Co., Ltd. Financial Statement Overview

Summary
Balance sheet strength is a major positive (very low leverage and stable assets), but operating performance is weak (thin gross margins, negative operating margins through TTM) and cash flow is volatile with sharply lower TTM free cash flow (-75.8%) and only partial cash conversion (~59% of net income).
Income Statement
32
Negative
Balance Sheet
82
Very Positive
Cash Flow
41
Neutral
BreakdownTTMDec 2025Mar 2025Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue148.62B147.35B151.12B180.81B196.76B182.24B
Gross Profit3.65B3.20B250.85M3.67B9.33B14.59B
EBITDA-3.98B-3.74B4.35B2.22B8.46B13.13B
Net Income789.29M1.35B-483.72M-3.16B3.35B8.25B
Balance Sheet
Total Assets175.64B179.07B171.80B179.23B179.71B180.51B
Cash, Cash Equivalents and Short-Term Investments60.62B57.36B40.88B34.33B14.44B26.68B
Total Debt302.16M399.52M60.24M154.15M377.86M213.28M
Total Liabilities19.03B21.45B18.14B26.00B22.03B26.96B
Stockholders Equity156.61B157.61B153.66B153.24B157.68B153.55B
Cash Flow
Free Cash Flow715.74M-297.05M2.54B12.28B-12.83B-15.81B
Operating Cash Flow1.22B728.16M3.08B13.11B-6.36B-8.16B
Investing Cash Flow-33.72B-23.41B-4.27B7.94B2.64B-1.00B
Financing Cash Flow2.10B2.17B-1.27B-1.16B-517.26M12.92B

DONG IL STEEL MFG Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price―
Price Trends
50DMA
1397.14
Negative
100DMA
1430.79
Negative
200DMA
1516.53
Negative
Market Momentum
MACD
-48.54
Positive
RSI
41.18
Neutral
STOCH
38.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002690, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 1291.50, equal to the 50-day MA of 1397.14, and equal to the 200-day MA of 1516.53, indicating a bearish trend. The MACD of -48.54 indicates Positive momentum. The RSI at 41.18 is Neutral, neither overbought nor oversold. The STOCH value of 38.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:002690.

DONG IL STEEL MFG Co., Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
₩36.28B4.93―5.12%11.66%262.33%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
51
Neutral
₩23.89B36.36―0.54%-0.58%156.37%
51
Neutral
₩39.08B18.32―4.09%7.70%59.34%
46
Neutral
₩129.37B-26.97――22.57%-322.13%
46
Neutral
₩25.65B-0.46―2.25%-10.14%14.27%
39
Underperform
₩35.07B-5.59――35.09%79.03%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KR:002690
DONG IL STEEL MFG Co., Ltd.
1,259.00
-371.00
-22.76%
KR:008420
Moonbae Steel Co., Ltd.
1,954.00
-232.92
-10.65%
KR:008970
KBI Dong Yang Steel Pipe
1,247.00
-1,323.00
-51.48%
KR:012160
Youngwire Co., Ltd.
1,831.00
-989.00
-35.07%
KR:026940
Bookook Steel Co., Ltd.
1,954.00
-172.62
-8.12%
KR:133820
Fine Besteel Co., Ltd.
945.00
-1,320.00
-58.28%
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