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CITECH CO., LTD. (004920) AI Stock Analysis

KR:004920

CITECH CO., LTD.

(Korea Exchange:004920)

Select Model
Rating:53Neutral
Price Target:KRW 6,780.00â–¼(-3.42% Downside)
Action:initiatedcoverage
Date:10/28/26

The score is held back primarily by weakening operating fundamentals (sharp revenue decline, negative core profitability) and very weak cash flows, which also raise earnings-quality concerns. Technical indicators reinforce the risk with strong bearish momentum. The main offset is a low P/E and a balance sheet with moderate leverage.

Positive Factors
Moderate LeverageModerate and improving leverage gives CITECH greater financial flexibility than a highly indebted business. A sizable equity base relative to debt can help the company absorb operating volatility, preserve access to funding, and maintain capacity for strategic actions over the next several quarters.
Negative Factors
Sharp Revenue DeclineA sharp contraction in revenue is a fundamental setback because it indicates weakening demand, reduced business scale, or loss of commercial momentum. Unless reversed, lower sales can impair operating leverage, reduce reinvestment capacity, and make it harder for CITECH to sustain profitability over coming quarters.

CITECH CO., LTD. (004920) vs. SPDR S&P 500 ETF (SPY)

-50%-40%-30%-20%-10%0%10%20%30%KR:004920-37.54%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 35.68B
Dividend Yield
―
Average Volume (3M)
19.49K
Price to Earnings (P/E)
2.1
Beta (1Y)
0.15
Revenue Growth
-56.57%
EPS Growth
351.53%
Country
KR
Employees
78
Sector
General
Sector Strength
55
Industry
Information Technology Services

CITECH CO., LTD. Business Overview & Revenue Model

Company Description

Headquartered in Seoul, South Korea, CITECH Co., Ltd. is a prominent provider of automated document issuing and interactive kiosk systems across South Korea. The company's diverse offerings span platforms for certificate and ticket dispensing, compre...

CITECH CO., LTD. Financial Statement Overview

Summary

Financials are mixed with elevated risk: TTM revenue fell sharply (-31.4%), core operations are weak (negative EBIT and deeply negative EBITDA margin), and cash generation is poor (negative operating cash flow and materially negative free cash flow). Offsetting this, leverage is moderate (debt-to-equity ~0.28) and reported ROE is strong (~24.4%), but the gap between high net margin and weak cash flow raises earnings-quality concerns.

Income Statement

58Neutral

Balance Sheet

74Positive

Cash Flow

39Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue23.78B41.45B47.44B57.05B56.72B47.23B
Gross Profit8.48B16.34B20.42B17.23B21.99B20.49B
EBITDA-6.71B3.69B2.50B-4.36B1.46B-4.55B
Net Income17.31B14.62B-94.03M-8.13B-657.67M-8.65B
Balance Sheet
Total Assets103.51B126.96B91.80B90.58B94.70B79.54B
Cash, Cash Equivalents and Short-Term Investments10.95B13.72B5.30B6.31B11.32B8.01B
Total Debt20.60B20.07B23.14B21.42B26.43B12.36B
Total Liabilities28.62B53.72B37.03B35.66B41.51B31.72B
Stockholders Equity74.89B73.24B54.78B54.94B53.22B47.19B
Cash Flow
Free Cash Flow-7.16B-2.30B-1.33B-8.67B-1.29B-4.53B
Operating Cash Flow-1.25B3.16B1.49B-7.46B-286.22M-3.65B
Investing Cash Flow-813.96M-4.05B-3.24B2.31B-6.35B2.16B
Financing Cash Flow2.00B2.30B635.15M2.79B7.37B5.36B

CITECH CO., LTD. Technical Analysis

Technical Analysis SentimentNegative
Last Price7020.00

Price Trends

50DMA8312.20Negative
100DMA8952.20Negative
200DMA10090.15Negative

Market Momentum

MACD-469.30Negative
RSI33.99Neutral
STOCH49.90Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:004920, the sentiment is Negative. The current price of 7020.00 is below the 20-day moving average (MA) of 7071.50, below the 50-day MA of 8312.20, and below the 200-day MA of 10090.15, indicating a bearish trend. The MACD of -469.30 indicates Negative momentum. The RSI at 33.99 is Neutral, neither overbought nor oversold. The STOCH value of 49.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:004920.

CITECH CO., LTD. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:004920 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:035510KR:03551073OutperformKRW 174.05B5.68―7.48%1.46%-21.51%
KR:094280KR:09428072OutperformKRW 136.71B9.61―6.53%7.22%12.95%
KR:018260KR:01826067NeutralKRW 15.70T24.92―1.57%2.46%-17.84%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:023590KR:02359055NeutralKRW 1.34T1.86―5.58%134.02%87.85%
KR:004920KR:00492053NeutralKRW 36.37B2.11――-56.57%351.53%

* General Sector Average

Performance Comparison

0%50%100%KR:004920KR:018260KR:023590KR:035510KR:064400KR:094280Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:004920 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:004920CITECH CO., LTD.6970.00-4450.00-38.97%
KR:018260SAMSUNG SDS CO., LTD.203000.0024795.6913.91%
KR:023590DAOU TECHNOLOGY Inc.32250.00-6548.14-16.88%
KR:035510Shinsegae I&C Inc.13240.00-1706.32-11.42%
KR:064400LG CNS Co., Ltd.72200.004157.856.11%
KR:094280Hyosung ITX Co., Ltd11480.00-397.58-3.35%
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