TipRanks
Go Ultimate55% OFF

Willbes & Co., Ltd (008600) AI Stock Analysis

KR:008600

Willbes & Co., Ltd

(Korea Exchange:008600)

Select Model
Rating:44Neutral
Price Target:KRW 2,541.00â–¼(-3.02% Downside)
Action:initiatedcoverage
Date:10/28/26

The score is weighed down primarily by weak financial performance, including shrinking margins, widening losses, and rising leverage, with only limited support from still-positive (but declining) free cash flow. Technical indicators show soft momentum and a below-200D trend, while valuation is constrained by a negative P/E and no provided dividend yield.

Positive Factors
Focused education business modelA focused position in professional and civil-service exam preparation gives the company identifiable customer segments and established education offerings. Branded academies, publishing, and learning content can support repeat demand and provide multiple channels for serving these markets over the medium term.
Negative Factors
Deteriorating profitabilityThe combination of declining revenue, sharply lower gross margin, and widening net losses signals weakening operating leverage and reduced earnings quality. If sustained, this trend can limit reinvestment, erode resilience, and make a durable recovery more dependent on external financing.

Willbes & Co., Ltd (008600) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%30%40%KR:008600-20.12%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 13.85B
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-0.4
Beta (1Y)
0.03
Revenue Growth
-15.84%
EPS Growth
-155.96%
Country
KR
Employees
138
Sector
General
Sector Strength
55
Industry
Apparel - Manufacturers

Willbes & Co., Ltd Business Overview & Revenue Model

Company Description

The Willbes & Co., Ltd. operates a diverse set of businesses within South Korea. The company manufactures and distributes clothing items. Additionally, it offers specialized postgraduate education designed to prepare individuals for various professio...

Willbes & Co., Ltd Financial Statement Overview

Summary

Financials are stressed: revenue declined (~4.8% YoY in 2025), gross margin compressed (~11.0% to ~7.3%), and losses widened (net margin ~-19.3% vs ~-12.6%). Balance-sheet risk increased with higher leverage (debt-to-equity ~3.11x) and a weaker equity base. Positive operating/free cash flow is supportive, but free cash flow dropped sharply (~-76.5% YoY) and cash flow is thin relative to debt.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

34Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue184.47B188.32B217.38B216.12B254.86B276.48B
Gross Profit20.67B13.82B23.93B32.05B43.05B49.47B
EBITDA-16.47B-12.99B2.48B10.27B18.22B21.02B
Net Income-23.80B-36.38B-27.45B-15.47B-9.33B-14.58B
Balance Sheet
Total Assets265.31B248.08B294.58B302.85B270.39B288.03B
Cash, Cash Equivalents and Short-Term Investments16.42B14.88B20.56B18.21B13.26B20.57B
Total Debt170.65B156.63B167.45B159.65B142.67B131.45B
Total Liabilities223.87B200.18B208.00B195.51B172.12B183.38B
Stockholders Equity43.32B50.31B88.43B109.21B100.16B106.55B
Cash Flow
Free Cash Flow-4.13B2.00B2.53B1.49B-11.54B14.39B
Operating Cash Flow-2.32B3.23B4.66B5.38B-6.72B23.47B
Investing Cash Flow314.99M1.70B4.27B-6.78B832.72M-5.10B
Financing Cash Flow1.89B-7.40B-7.28B1.83B3.86B-16.59B

Willbes & Co., Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price2620.00

Price Trends

50DMA2620.00Neutral
100DMA2620.00Neutral
200DMA2711.30Negative

Market Momentum

MACD-0.00Negative
RSI40.01Neutral
STOCH26.37Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:008600, the sentiment is Negative. The current price of 2620.00 is equal to the 20-day moving average (MA) of 2620.00, equal to the 50-day MA of 2620.00, and below the 200-day MA of 2711.30, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 40.01 is Neutral, neither overbought nor oversold. The STOCH value of 26.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:008600.

Willbes & Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:008600 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:001460KR:00146062NeutralKRW 263.91B12.45―1.16%4.93%26.97%
KR:093240KR:09324056NeutralKRW 22.03B1.93――6.69%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:005800KR:00580054NeutralKRW 117.63B72.25―1.34%-4.22%-68.89%
KR:105630KR:10563050NeutralKRW 322.15B9.13―7.33%7.87%-28.36%
KR:008600KR:00860044NeutralKRW 13.85B-0.44――-15.84%-155.96%
KR:002070KR:00207042NeutralKRW 16.81B-0.45――-17.62%-5763.74%

* General Sector Average

Performance Comparison

-50%0%50%100%KR:008600KR:001460KR:002070KR:005800KR:093240KR:105630Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:008600 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:008600Willbes & Co., Ltd2620.00-760.00-22.49%
KR:001460BYC Co., Ltd34400.00-3932.74-10.26%
KR:002070VIVIEN CORPORATION3500.00-6490.00-64.96%
KR:005800Shinyoung Wacoal, Inc.13070.00-463.75-3.43%
KR:093240Hyungji Elite Inc.1840.00-3495.07-65.51%
KR:105630Hansae Co., Ltd8180.00-1708.52-17.28%
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