KC Green Holdings Co., Ltd. (009440) AI Stock Analysis

KC Green Holdings Co., Ltd.

(Korea Exchange:009440)

Select Model

Rating:42Neutral

Action:initiatedcoverage

Date:10/28/26

The score is held down primarily by weak financial performance, especially the sharp 2025 loss, declining revenue, and persistently negative operating and free cash flow. The balance sheet appears more moderate in the latest year, but limited technical data and a negative P/E (loss-making) keep the overall assessment cautious.

Positive Factors

Moderate Current LeverageThe latest balance sheet appears more serviceable than the company’s earnings profile, with moderate leverage and sizable equity providing some financial capacity. This can support group-level capital allocation and help absorb operating volatility, although historical balance-sheet swings reduce the strength of the advantage.

Negative Factors

Sharp Revenue DeclinePersistent revenue weakness, culminating in another sharp decline in 2025, signals deterioration in the scale of the businesses overseen by the group. A shrinking top line can reduce operating leverage, constrain reinvestment, and make it harder for the company to restore stable profitability over the next several quarters.

KC Green Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Established in Seoul, South Korea in 1973, KC Green Holdings Co., Ltd. operates globally across diverse sectors, including environmental engineering, services, manufacturing, and renewable energy. The company specializes in designing, producing, and...

KC Green Holdings Co., Ltd. Financial Statement Overview

Summary

Weak overall financial quality driven by inconsistent profitability and a sharp 2025 deterioration: revenue declined and earnings swung to a very large loss, while operating cash flow and free cash flow have been negative in most years. The main offset is a comparatively more serviceable current balance sheet with moderate leverage, but earnings and cash-flow volatility remain the dominant risk.

Income Statement

34Negative

Balance Sheet

58Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	73.44B	85.82B	421.05B	698.47B	711.21B	750.83B
Gross Profit	16.72B	17.43B	-4.95B	43.29B	89.18B	127.12B
EBITDA	81.70M	4.15B	37.88B	2.98B	103.73B	60.74B
Net Income	-39.44B	-40.40B	36.39B	-22.50B	-8.30B	9.79B
Balance Sheet
Total Assets	171.65B	172.28B	289.34B	916.58B	792.86B	906.61B
Cash, Cash Equivalents and Short-Term Investments	31.37B	28.41B	31.39B	70.99B	82.05B	166.17B
Total Debt	21.29B	21.00B	59.50B	293.59B	221.87B	217.74B
Total Liabilities	56.74B	58.20B	116.32B	701.43B	534.87B	646.64B
Stockholders Equity	105.23B	104.27B	161.25B	143.08B	165.12B	160.55B
Cash Flow
Free Cash Flow	717.02M	-3.01B	-32.48B	-130.67B	-149.50B	70.04B
Operating Cash Flow	3.03B	-384.75M	-25.53B	-89.72B	-116.08B	96.81B
Investing Cash Flow	-7.35B	-3.40B	108.34B	-37.90B	-60.14B	-23.85B
Financing Cash Flow	308.17M	-2.72B	-111.25B	103.42B	79.49B	4.60B

KC Green Holdings Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:009440 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:002360	51Neutral	KRW 34.09B	-8.02	―	―	-7.41%	58.54%
KR:009440	42Neutral	KRW 17.33B	-0.44	―	―	-65.78%	-211.42%

* General Sector Average

Performance Comparison

KR:009440 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:002360	SH Energy & Chemical Co., Ltd.	3945.00	315.00	8.68%
KR:020400	Daedong Metals Co., Ltd.	1950.00	-944.53	-32.63%
KR:045520	Clean & Science Co., Ltd	2385.00	-1225.00	-33.93%
KR:054410	Korea Plasma Technology U Co., Ltd.	1940.00	-1580.00	-44.89%
KR:060260	Nuvotec Co., Ltd.	676.00	-584.42	-46.37%

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

KC Green Holdings Co., Ltd. AI Stock Analysis