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DB Inc. (012030) AI Stock Analysis

KR:012030

DB Inc.

(Korea Exchange:012030)

Select Model
Rating:72Outperform
Price Target:KRW 2,642.00â–²(16.90% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is driven by strong technical momentum and a low P/E valuation, balanced against only moderate financial quality due to higher leverage versus prior years and historically volatile free cash flow despite improved recent growth and profitability.

Positive Factors
Revenue GrowthSustained revenue expansion through 2025 and renewed TTM acceleration indicate continued business growth rather than a single-period increase. This supports operating scale, creates room for reinvestment, and can strengthen earnings capacity over the next several quarters.
Negative Factors
Higher LeverageThe substantial increase in debt relative to equity has reduced balance-sheet conservatism and added financial risk. Higher leverage can increase financing demands and limit flexibility if profitability weakens, making future growth and capital allocation more sensitive to earnings conditions.

DB Inc. (012030) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%100%KR:012030+60.51%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 431.73B
Dividend Yield
―
Average Volume (3M)
996.74K
Price to Earnings (P/E)
6.4
Beta (1Y)
0.39
Revenue Growth
23.27%
EPS Growth
-36.08%
Country
KR
Employees
975
Sector
General
Sector Strength
55
Industry
Information Technology Services

DB Inc. Business Overview & Revenue Model

Company Description

DB Inc. is a diversified South Korean company primarily involved in information technology (IT), international trade, and consulting services. Its IT division delivers a full spectrum of services, including IT outsourcing, system integration, converg...

DB Inc. Financial Statement Overview

Summary

Solid revenue growth through 2025 with acceleration in TTM (+11.9%) and improved recent net margin (~9.1% TTM vs. ~7.7% in 2025). Offsetting this, leverage has risen materially (debt-to-equity ~0.75–0.78 in 2025/TTM vs. ~0.15–0.19 in 2021–2022) and cash generation has been volatile, including a large 2024 free-cash-flow deficit despite a strong TTM rebound.

Income Statement

72Positive

Balance Sheet

64Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue748.19B643.46B587.44B458.58B401.35B326.91B
Gross Profit105.06B96.62B83.70B79.86B66.78B61.82B
EBITDA71.43B45.03B131.87B36.14B31.08B35.68B
Net Income67.81B49.28B92.31B20.28B5.71B21.71B
Balance Sheet
Total Assets1.08T989.49B870.06B879.38B414.32B602.00B
Cash, Cash Equivalents and Short-Term Investments63.02B65.95B148.62B214.45B33.39B25.51B
Total Debt379.68B352.19B350.06B192.29B53.33B67.56B
Total Liabilities571.90B539.25B475.78B484.17B129.33B164.21B
Stockholders Equity505.06B449.17B393.49B394.93B284.98B437.78B
Cash Flow
Free Cash Flow128.24B12.71B-89.04B49.25B26.08B17.50B
Operating Cash Flow130.49B15.23B2.26B52.45B27.10B18.59B
Investing Cash Flow-92.04B-22.06B-291.58B-1.22B-242.76M-1.05B
Financing Cash Flow-95.33B-2.76B152.42B133.15B-17.40B-19.40B

DB Inc. Technical Analysis

Technical Analysis SentimentPositive
Last Price2260.00

Price Trends

50DMA1848.12Positive
100DMA1739.13Positive
200DMA1783.02Positive

Market Momentum

MACD154.90Positive
RSI55.34Neutral
STOCH53.80Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:012030, the sentiment is Positive. The current price of 2260.00 is above the 20-day moving average (MA) of 2251.50, above the 50-day MA of 1848.12, and above the 200-day MA of 1783.02, indicating a bullish trend. The MACD of 154.90 indicates Positive momentum. The RSI at 55.34 is Neutral, neither overbought nor oversold. The STOCH value of 53.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:012030.

DB Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:012030 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:012030KR:01203072OutperformKRW 431.73B6.41――23.27%-36.08%
KR:018260KR:01826067NeutralKRW 15.70T24.92―1.57%2.46%-17.84%
KR:307950KR:30795060NeutralKRW 7.93T41.54―0.66%15.77%1.94%
KR:022100KR:02210059NeutralKRW 2.84T88.62―0.99%-21.62%-58.96%
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%

* General Sector Average

Performance Comparison

0%100%200%300%KR:012030KR:018260KR:022100KR:023590KR:064400KR:307950Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:012030 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:012030DB Inc.2260.00845.0059.72%
KR:018260SAMSUNG SDS CO., LTD.203000.0024795.6913.91%
KR:022100POSCO DX COMPANY LTD.18680.00-10845.99-36.73%
KR:023590DAOU TECHNOLOGY Inc.32250.00-6548.14-16.88%
KR:064400LG CNS Co., Ltd.72200.004157.856.11%
KR:307950Hyundai Autoever Corp.289000.0065085.0229.07%
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