BUSAN INDUSTRIAL Co., Ltd. (011390) AI Stock Analysis

BUSAN INDUSTRIAL Co., Ltd.

(Korea Exchange:011390)

Select Model

Rating:43Neutral

Price Target:KRW 39,951.00▼(-4.65% Downside)

Action:initiatedcoverage

Date:10/28/26

The score is driven primarily by weak financial performance: steep TTM revenue contraction, renewed losses, and negative operating/free cash flow. Technicals also weigh on the score with a clear downtrend and negative momentum, despite near-oversold readings. Valuation provides limited support given a negative P/E and a low dividend yield.

Positive Factors

Balance-sheet supportA sizable equity base relative to assets provides a meaningful buffer against operating volatility and supports financial resilience. Although leverage has risen, the company retains balance-sheet support that can help sustain operations and preserve strategic flexibility through the next several quarters.

Negative Factors

Severe revenue contractionA roughly 79% TTM revenue decline represents a major deterioration in business scale and weakens operating leverage. Sustained contraction can reduce fixed-cost absorption, limit reinvestment capacity, and make a return to stable profitability more difficult over the next several quarters.

BUSAN INDUSTRIAL Co., Ltd. (011390) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 44.25B
Dividend Yield: 0.60%
Average Volume (3M): 12.63K
Price to Earnings (P/E): -21.9
Beta (1Y): 0.20
Revenue Growth: -20.81%
EPS Growth: 54.69%
Country: KR
Employees: 29
Sector: General
Sector Strength: 55
Industry: Construction Materials

BUSAN INDUSTRIAL Co., Ltd. Business Overview & Revenue Model

Company Description

BUSAN INDUSTRIAL Co., Ltd. engages in the manufacture and sale of ready-mixed concrete. Its products include construction materials, lightweight concrete, and cement products. The company was founded on May 15, 1976 and is headquartered in Busan, Sou...

BUSAN INDUSTRIAL Co., Ltd. Financial Statement Overview

Summary

Financials are under clear pressure: TTM revenue fell sharply (~79% vs prior period) and operating profit/net income are negative again. Cash generation is weak with negative operating cash flow and free cash flow in TTM, increasing funding sensitivity. The balance sheet is serviceable (moderate leverage), but leverage has risen materially vs 2022–2023 and returns are negative.

Income Statement

34Negative

Balance Sheet

52Neutral

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	99.14B	107.53B	124.11B	140.48B	152.61B	128.01B
Gross Profit	13.35B	10.97B	19.86B	23.95B	21.08B	14.95B
EBITDA	7.14B	4.55B	9.34B	15.63B	15.68B	4.77B
Net Income	-2.02B	-3.45B	-2.74B	3.52B	4.54B	-3.25B
Balance Sheet
Total Assets	329.51B	326.62B	335.40B	278.20B	134.68B	133.80B
Cash, Cash Equivalents and Short-Term Investments	4.90B	5.08B	8.82B	5.80B	5.24B	9.88B
Total Debt	107.53B	105.43B	105.86B	37.67B	17.67B	13.85B
Total Liabilities	162.72B	159.62B	160.88B	104.33B	52.62B	56.29B
Stockholders Equity	125.74B	126.11B	130.61B	130.14B	58.10B	55.53B
Cash Flow
Free Cash Flow	-7.90B	-2.30B	4.96B	150.14M	-7.00B	-11.28B
Operating Cash Flow	-5.54B	96.36M	9.17B	8.30B	2.96B	-2.34B
Investing Cash Flow	-2.55B	-2.70B	-73.25B	-26.85B	-9.46B	-9.29B
Financing Cash Flow	3.09B	-1.14B	67.10B	19.11B	2.61B	3.63B

BUSAN INDUSTRIAL Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price41900.00

Price Trends

50DMA47454.00Negative

100DMA45247.00Negative

200DMA59428.25Negative

Market Momentum

MACD-1781.73Positive

RSI42.70Neutral

STOCH40.08Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:011390, the sentiment is Negative. The current price of 41900.00 is below the 20-day moving average (MA) of 43752.50, below the 50-day MA of 47454.00, and below the 200-day MA of 59428.25, indicating a bearish trend. The MACD of -1781.73 indicates Positive momentum. The RSI at 42.70 is Neutral, neither overbought nor oversold. The STOCH value of 40.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:011390.

BUSAN INDUSTRIAL Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:011390 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:300720	71Outperform	KRW 1.18T	10.61	―	6.26%	-10.13%	5.00%
KR:004980	60Neutral	KRW 182.13B	5.78	―	4.06%	28.24%	40.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:047400	49Neutral	KRW 31.33B	6.22	―	―	-4.90%	―
KR:344820	47Neutral	KRW 338.80B	-6.05	―	10.35%	1.09%	-81.46%
KR:183190	44Neutral	KRW 311.67B	27.14	―	2.81%	-0.91%	-77.24%
KR:011390	43Neutral	KRW 44.25B	-21.93	―	0.60%	-20.81%	54.69%

* General Sector Average

Performance Comparison

KR:011390 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:011390	BUSAN INDUSTRIAL Co., Ltd.	41900.00	-30558.63	-42.17%
KR:004980	Sungshin Cement Co., Ltd	7290.00	-1896.13	-20.64%
KR:047400	Union Materials Corp	746.00	-667.00	-47.20%
KR:183190	Asia Cement Co., Ltd	8900.00	-3012.53	-25.29%
KR:300720	Hanil Cement Co., Ltd.	15980.00	-470.10	-2.86%
KR:344820	KCC GLASS Corporation	21250.00	-2099.44	-8.99%

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

BUSAN INDUSTRIAL Co., Ltd. AI Stock Analysis