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Keyang Electric Machinery Co., Ltd (012200) AI Stock Analysis

KR:012200

Keyang Electric Machinery Co., Ltd

(Korea Exchange:012200)

Select Model
Rating:41Neutral
Price Target:KRW 2,488.00â–¼(-4.67% Downside)
Action:initiatedcoverage
Date:10/28/26

The score is driven primarily by weak financial performance (ongoing losses, very high leverage, and negative operating/free cash flow). Technicals also weigh on the rating given the persistent downtrend and negative momentum, despite near-oversold readings. Valuation does not provide support because the company is unprofitable (negative P/E) and no dividend yield is available.

Positive Factors
Capital RaiseThe completed equity raise provides immediate funding and reinforces the company’s capital base. Allocating proceeds toward debt repayment can reduce financial pressure, while facility investment may support operating capacity and give Keyang greater flexibility to stabilize the business over the coming quarters.
Negative Factors
Excessive LeverageVery high leverage leaves Keyang with a thin equity cushion and increases sensitivity to continued operating losses. Debt repayment, interest obligations, and refinancing needs can constrain investment and management flexibility, making balance-sheet repair a durable priority rather than a temporary financial issue.

Keyang Electric Machinery Co., Ltd (012200) vs. SPDR S&P 500 ETF (SPY)

-200%0%200%400%600%800%KR:012200+92.21%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 74.46B
Dividend Yield
―
Average Volume (3M)
435.88K
Price to Earnings (P/E)
-2.2
Beta (1Y)
0.63
Revenue Growth
5.60%
EPS Growth
49.94%
Country
KR
Employees
697
Sector
General
Sector Strength
55
Industry
Manufacturing - Tools & Accessories

Keyang Electric Machinery Co., Ltd Business Overview & Revenue Model

Company Description

Keyang Electric Machinery Co., Ltd. operates as a global manufacturer and distributor, primarily focusing on electric power tools within Korea and across international markets. Their extensive product line for power tools features cordless devices, g...

Keyang Electric Machinery Co., Ltd Financial Statement Overview

Summary

Financials appear stressed: the company remains loss-making (net margin around -8.7%), leverage is very high (TTM debt-to-equity ~6.95x) as equity eroded, and both operating cash flow and free cash flow are negative. Modest positives include improved gross margin versus 2025 and slightly reduced losses versus 2024–2025, but high leverage plus ongoing cash burn keeps risk elevated.

Income Statement

18Very Negative

Balance Sheet

12Very Negative

Cash Flow

15Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue390.12B389.80B369.13B381.63B365.08B392.29B
Gross Profit41.56B36.38B44.67B53.53B48.95B60.27B
EBITDA-33.12B-24.88B-42.86B2.12B-17.73B4.12B
Net Income-33.79B-36.87B-61.22B-1.26B-21.84B-6.21B
Balance Sheet
Total Assets242.42B220.43B192.75B232.06B297.55B285.05B
Cash, Cash Equivalents and Short-Term Investments3.54B8.08B4.36B10.28B18.07B6.39B
Total Debt115.49B99.68B60.11B23.60B34.61B30.58B
Total Liabilities225.80B199.62B137.24B111.67B169.63B101.83B
Stockholders Equity16.62B20.81B55.51B120.39B127.92B183.23B
Cash Flow
Free Cash Flow-48.51B-45.59B-40.44B4.17B-14.54B-12.87B
Operating Cash Flow-21.22B-20.60B-26.47B10.15B-6.29B-4.13B
Investing Cash Flow-16.14B-14.44B-14.48B5.74B-15.76B-7.47B
Financing Cash Flow35.56B38.58B34.91B-13.39B24.17B2.10B

Keyang Electric Machinery Co., Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price2610.00

Price Trends

50DMA3330.30Negative
100DMA3961.66Negative
200DMA5760.15Negative

Market Momentum

MACD-208.32Negative
RSI34.62Neutral
STOCH45.89Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:012200, the sentiment is Negative. The current price of 2610.00 is below the 20-day moving average (MA) of 2798.50, below the 50-day MA of 3330.30, and below the 200-day MA of 5760.15, indicating a bearish trend. The MACD of -208.32 indicates Negative momentum. The RSI at 34.62 is Neutral, neither overbought nor oversold. The STOCH value of 45.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:012200.

Keyang Electric Machinery Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:012200 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:120030KR:12003076OutperformKRW 68.10B4.94―0.69%0.39%10.15%
KR:001560KR:00156068NeutralKRW 57.77B8.97―8.29%2.25%-49.25%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:012200KR:01220041NeutralKRW 98.02B-2.21――5.60%49.94%

* General Sector Average

Performance Comparison

0%200%400%600%KR:012200KR:001560KR:008830KR:120030KR:126640KR:371950Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:012200 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:012200Keyang Electric Machinery Co., Ltd2610.001252.1292.21%
KR:001560CHEILGRINDING WHEEL INDUSTRIAL Co., Ltd.8700.00445.255.39%
KR:008830DAEDONG GEAR Co., Ltd.5340.00-4049.89-43.13%
KR:120030Chosun Welding Co., Ltd.72600.00-24497.43-25.23%
KR:126640Hwashin Precision Co., Ltd2900.001626.55127.73%
KR:371950POONGWON PRECISION Co., Ltd.2710.00-7300.00-72.93%
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