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Blue Industrial Development (006740) AI Stock Analysis

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KR:006740

Blue Industrial Development

(Korea Exchange:006740)

Select Model
Rating:42Neutral
Price Target:KRW 3,322.00â–¼(-2.15% Downside)
Action:initiatedcoverage
Date:10/28/26

The score is weighed down primarily by weak financial performance: deep losses, sustained negative operating/free cash flow, and rising leverage. Technicals also remain bearish with the stock in a strong downtrend despite oversold readings. Valuation provides limited support because earnings are negative and no dividend yield is available.

Positive Factors
Revenue GrowthStrong TTM revenue growth indicates that the company is still expanding its top line despite severe profitability challenges. Continued sales growth can support operating improvement if the business converts additional revenue into healthier margins and more stable earnings over the coming quarters.
Negative Factors
Sustained LossesDeep and persistent losses show that revenue growth has not yet translated into a viable earnings model. The deterioration from profitability in 2021–2022 to continuing losses suggests that the cost structure remains structurally unresolved, weakening the company’s capacity to self-fund growth.

Blue Industrial Development (006740) vs. SPDR S&P 500 ETF (SPY)

-80%-60%-40%-20%0%20%KR:006740-68.25%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 77.32B
Dividend Yield
―
Average Volume (3M)
17.36K
Price to Earnings (P/E)
-15.3
Beta (1Y)
0.18
Revenue Growth
15.39%
EPS Growth
23.25%
Country
KR
Employees
100
Sector
General
Sector Strength
55
Industry
Paper, Lumber & Forest Products

Blue Industrial Development Business Overview & Revenue Model

Company Description

Blue Industrial Development Co., Ltd. engages in the manufacture and sale of paper and paper boards. Its products include core boards and liner boards. Core boards are used in the manufacture of paper cores and tubes. Liner boards are used in the man...

Blue Industrial Development Financial Statement Overview

Summary

Despite strong TTM revenue growth, profitability is severely negative with sustained losses, and cash flow has deteriorated into ongoing operating and free cash flow deficits. The balance sheet still has meaningful equity, but leverage has risen sharply (debt-to-equity up to ~1.22 in TTM), reducing flexibility if losses persist.

Income Statement

22Negative

Balance Sheet

41Neutral

Cash Flow

19Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue101.82B93.25B88.11B82.57B105.45B120.61B
Gross Profit6.73B391.59M701.58M9.96B17.10B17.12B
EBITDA-7.49B-10.65B-15.43B1.91B16.34B14.76B
Net Income-18.37B-24.49B-21.93B-5.41B7.93B6.35B
Balance Sheet
Total Assets212.41B165.18B179.26B199.92B203.67B209.60B
Cash, Cash Equivalents and Short-Term Investments6.00B7.57B19.99B42.17B10.22B54.97B
Total Debt106.14B66.61B61.58B60.76B49.35B58.55B
Total Liabilities125.36B82.96B73.62B79.69B67.14B77.56B
Stockholders Equity87.13B82.31B105.72B120.30B136.37B131.87B
Cash Flow
Free Cash Flow-2.60B-8.95B-24.74B-4.01B1.20B8.23B
Operating Cash Flow-377.35M-6.30B-14.61B8.29B12.56B11.85B
Investing Cash Flow-44.66B-1.93B-12.06B19.44B-2.50B-20.59B
Financing Cash Flow45.03B4.91B2.65B-4.05B-13.16B20.08M

Blue Industrial Development Technical Analysis

Technical Analysis SentimentNegative
Last Price3395.00

Price Trends

50DMA4546.00Negative
100DMA4806.85Negative
200DMA6315.07Negative

Market Momentum

MACD-343.30Negative
RSI28.81Positive
STOCH51.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:006740, the sentiment is Negative. The current price of 3395.00 is below the 20-day moving average (MA) of 3687.75, below the 50-day MA of 4546.00, and below the 200-day MA of 6315.07, indicating a bearish trend. The MACD of -343.30 indicates Negative momentum. The RSI at 28.81 is Positive, neither overbought nor oversold. The STOCH value of 51.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:006740.

Blue Industrial Development Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:006740 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:016590KR:01659061NeutralKRW 324.58B7.39―2.76%-0.26%69.98%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:002310KR:00231054NeutralKRW 261.86B9.93―3.52%0.22%25.30%
KR:213500KR:21350052NeutralKRW 161.69B7.33―7.35%2.63%―
KR:009200KR:00920045NeutralKRW 55.76B-0.88―9.33%-1.57%-571.28%
KR:027970KR:02797044NeutralKRW 69.32B-0.83――-0.57%-50413.86%
KR:006740KR:00674042NeutralKRW 19.52B-15.34――15.39%23.25%

* General Sector Average

Performance Comparison

-50%0%50%KR:006740KR:002310KR:009200KR:016590KR:027970KR:213500Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:006740 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:006740Blue Industrial Development3395.00-7297.00-68.25%
KR:002310Asia Paper Manufacturing Co., Ltd.7100.00-58.03-0.81%
KR:009200Moorim Paper Co., Ltd1340.00-495.43-26.99%
KR:016590Shindaeyang Paper Co., Ltd8140.00-5015.11-38.12%
KR:027970Hankuk Paper MFG. CO., LTD1824.00-2096.00-53.47%
KR:213500Hansol Paper Co., Ltd.6800.00-727.14-9.66%
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