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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.

(Korea Exchange:002690)

Select Model
Rating:51Neutral
Price Target:KRW 1,217.00â–¼(-2.09% Downside)
Action:initiatedcoverage
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 leverageExtremely 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 profitabilityVery 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.

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

-30%-20%-10%0%10%20%KR:002690-23.60%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 25.23B
Dividend Yield
―
Average Volume (3M)
37.55K
Price to Earnings (P/E)
35.9
Beta (1Y)
0.17
Revenue Growth
-0.58%
EPS Growth
156.37%
Country
KR
Employees
144
Sector
General
Sector Strength
55
Industry
Steel

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, galvanized...

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

32Negative

Balance Sheet

82Very Positive

Cash Flow

41Neutral
Financial statement breakdown
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 SentimentNegative
Last Price1243.00

Price Trends

50DMA1385.42Negative
100DMA1427.91Negative
200DMA1512.91Negative

Market Momentum

MACD-43.44Negative
RSI39.18Neutral
STOCH58.05Neutral

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 1243.00 is below the 20-day moving average (MA) of 1275.80, below the 50-day MA of 1385.42, and below the 200-day MA of 1512.91, indicating a bearish trend. The MACD of -43.44 indicates Negative momentum. The RSI at 39.18 is Neutral, neither overbought nor oversold. The STOCH value of 58.05 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

KR:002690 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:008420KR:00842066NeutralKRW 35.50B4.87―5.23%11.66%262.33%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:026940KR:02694051NeutralKRW 38.18B18.03―4.19%7.70%59.34%
KR:002690KR:00269051NeutralKRW 23.58B35.89――-0.58%156.37%
KR:008970KR:00897046NeutralKRW 114.12B-24.46――22.57%-322.13%
KR:012160KR:01216046NeutralKRW 24.39B-0.44――-10.14%14.27%
KR:133820KR:13382039UnderperformKRW 35.44B-5.64――35.09%79.03%

* General Sector Average

Performance Comparison

-50%0%50%KR:002690KR:008420KR:008970KR:012160KR:026940KR:133820Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:002690 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:002690DONG IL STEEL MFG Co., Ltd.1243.00-390.00-23.88%
KR:008420Moonbae Steel Co., Ltd.1912.00-118.71-5.85%
KR:008970KBI Dong Yang Steel Pipe1100.00-1230.00-52.79%
KR:012160Youngwire Co., Ltd.1741.00-969.00-35.76%
KR:026940Bookook Steel Co., Ltd.1909.00-150.11-7.29%
KR:133820Fine Besteel Co., Ltd.955.00-1155.00-54.74%
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