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Kyung-In Synthetic Corporation (012610) AI Stock Analysis

KR:012610

Kyung-In Synthetic Corporation

(Korea Exchange:012610)

Select Model
Rating:62Neutral
Price Target:KRW 3,175.00â–²(2.75% Upside)
Action:initiatedcoverage
Date:10/28/26

The score reflects improving financial performance but with key risks from cash-flow consistency and meaningful leverage. Technical signals are bearish with the stock trading below major moving averages and negative MACD, offset partially by oversold readings. Valuation is a notable positive given the low P/E and a modest dividend yield.

Positive Factors
Improving ProfitabilityThe return to solid profitability after the 2023 loss indicates that earnings power has recovered and currently supports the business model. Positive operating and net margins provide capacity to fund operations, reinforce financial resilience, and support performance over the next several quarters.
Negative Factors
Earnings VolatilityThe return to profitability has not removed the company’s history of sharp swings in revenue, margins, and net income. The 2023 loss demonstrates that earnings can deteriorate materially, making future results less predictable and weakening confidence in the durability of current profitability.

Kyung-In Synthetic Corporation (012610) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%KR:012610+4.40%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 121.99B
Dividend Yield
1.68%
Average Volume (3M)
131.03K
Price to Earnings (P/E)
6.1
Beta (1Y)
0.45
Revenue Growth
5.87%
EPS Growth
218.18%
Country
KR
Employees
470
Sector
General
Sector Strength
55
Industry
Industrial - Specialties

Kyung-In Synthetic Corporation Business Overview & Revenue Model

Company Description

Kyung-In Synthetic Corp. engages in the manufacture of synthetic coloring matter, tanning materials and other coloring agents. Its products include reactive dye, disperse dye, direct dye, acid dye, leather dye, optical brightening agent, solvent, ele...

Kyung-In Synthetic Corporation Financial Statement Overview

Summary

Improving profitability in TTM with a return to solid net margins (~5%) and positive operating metrics, but the profile is held back by historically volatile results (notably 2023 losses), meaningful leverage (TTM debt-to-equity ~0.89), and uneven cash conversion/consistency (multi-year negative FCF history and only moderate OCF vs. debt).

Income Statement

72Positive

Balance Sheet

63Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue406.76B379.70B374.23B345.41B402.64B403.33B
Gross Profit85.40B74.78B84.08B57.69B103.83B101.91B
EBITDA57.35B44.54B48.89B24.26B50.27B55.58B
Net Income20.16B5.64B15.33B-10.74B14.33B24.37B
Balance Sheet
Total Assets569.21B526.81B544.97B538.96B548.25B579.49B
Cash, Cash Equivalents and Short-Term Investments56.38B40.43B60.13B40.99B24.57B88.31B
Total Debt224.99B207.51B224.50B238.83B219.05B250.05B
Total Liabilities290.57B261.79B279.54B287.26B282.10B327.62B
Stockholders Equity253.34B240.34B240.12B227.12B242.08B230.33B
Cash Flow
Free Cash Flow18.04B18.76B38.80B-3.38B-32.62B-21.15B
Operating Cash Flow36.23B33.73B63.24B26.20B21.20B9.23B
Investing Cash Flow-25.46B-24.82B-26.65B-25.50B-49.10B-30.30B
Financing Cash Flow-1.17B-28.75B-18.80B17.51B-31.87B24.82B

Kyung-In Synthetic Corporation Technical Analysis

Technical Analysis SentimentNegative
Last Price3090.00

Price Trends

50DMA3177.30Negative
100DMA3243.90Negative
200DMA3935.50Negative

Market Momentum

MACD-53.59Positive
RSI40.90Neutral
STOCH40.38Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:012610, the sentiment is Negative. The current price of 3090.00 is below the 20-day moving average (MA) of 3174.25, below the 50-day MA of 3177.30, and below the 200-day MA of 3935.50, indicating a bearish trend. The MACD of -53.59 indicates Positive momentum. The RSI at 40.90 is Neutral, neither overbought nor oversold. The STOCH value of 40.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:012610.

Kyung-In Synthetic Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:012610 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:012610KR:01261062NeutralKRW 122.39B6.08―1.68%5.87%218.18%
KR:003830KR:00383058NeutralKRW 113.01B7.10―0.72%-5.21%―
KR:004250KR:00425057NeutralKRW 90.00B5.91―4.30%7.12%-77.49%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:014530KR:01453054NeutralKRW 108.25B9.98―6.22%4.16%774.03%

* General Sector Average

Performance Comparison

-50%0%50%100%KR:012610KR:003830KR:004250KR:014530KR:051980KR:120240Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:012610 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:012610Kyung-In Synthetic Corporation2985.00150.545.31%
KR:003830Daehan Synthetic Fiber Co., Ltd.104500.00-11398.16-9.83%
KR:004250National Plastic Co. Ltd.2440.00-1456.20-37.37%
KR:014530Kukdong Oil & Chemicals Co., Ltd3215.00170.105.59%
KR:051980JOONGANG ADVANCED MATERIALS Co., Ltd6640.00-28460.00-81.08%
KR:120240Daejung Chemicals & Metals Co., Ltd14200.002276.7019.09%
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