Dongwon Systems Corporation (014820) AI Stock Analysis

Dongwon Systems Corporation

(Korea Exchange:014820)

Select Model

Rating:68Neutral

Price Target:KRW 23,217.00▲(14.09% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is driven primarily by solid financial performance (improving leverage, improved profitability vs. 2025, and healthy recent free cash flow) and supportive valuation (low P/E with a ~2.8% dividend yield). This is tempered by mixed/weak technicals, with price below key moving averages and a negative MACD indicating limited near-term momentum.

Positive Factors

Revenue and Profitability ImprovementImproving revenue and profitability indicate stronger operating performance and product demand across the packaging business. If sustained, this progress can support internal investment, reinforce customer relationships, and provide a stronger earnings base over the next several quarters.

Negative Factors

Moderate and Volatile MarginsModerate margins and the failure to fully regain 2024 levels suggest that profitability remains exposed to cost and pricing pressure across business cycles. This can limit earnings expansion, reduce the benefit of revenue growth, and make future results less predictable.

Dongwon Systems Corporation (014820) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 613.17B
Dividend Yield: 2.84%
Average Volume (3M): 34.02K
Price to Earnings (P/E): 9.8
Beta (1Y): 0.16
Revenue Growth: 1.87%
EPS Growth: 3.40%
Country: KR
Employees: 1,705
Sector: General
Sector Strength: 55
Industry: Packaging & Containers

Dongwon Systems Corporation Business Overview & Revenue Model

Company Description

Dongwon Systems Corporation, a packaging company, manufactures and markets packaging materials in South Korea. The company offers flexible packaging products for food, beverage, and non-food packaging applications; glass bottles; aluminum cans, such...

Dongwon Systems Corporation Financial Statement Overview

Summary

Overall fundamentals are solid but not standout: revenue growth and profitability improved vs. 2025, leverage is manageable and improving (debt-to-equity ~0.45), and free cash flow is healthy in the latest period. The main constraints are moderate/volatile margins (below stronger 2024 levels) and uneven cash-flow consistency over time.

Income Statement

72Positive

Balance Sheet

70Positive

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.41T	1.37T	1.33T	1.28T	1.44T	1.25T
Gross Profit	150.11B	140.78B	167.97B	152.72B	162.80B	155.60B
EBITDA	168.08B	158.39B	195.12B	166.83B	170.41B	140.28B
Net Income	63.28B	53.72B	72.41B	64.20B	72.34B	39.87B
Balance Sheet
Total Assets	1.56T	1.57T	1.55T	1.54T	1.45T	1.49T
Cash, Cash Equivalents and Short-Term Investments	126.05B	170.49B	160.93B	125.18B	74.97B	175.41B
Total Debt	412.28B	471.48B	500.04B	510.98B	496.22B	570.50B
Total Liabilities	653.69B	708.22B	716.18B	761.81B	722.04B	826.64B
Stockholders Equity	908.44B	862.09B	835.10B	772.37B	728.05B	662.98B
Cash Flow
Free Cash Flow	99.28B	59.54B	78.62B	71.32B	115.16B	7.73B
Operating Cash Flow	143.51B	124.27B	155.55B	214.45B	214.67B	85.30B
Investing Cash Flow	-15.67B	-37.27B	-49.72B	-166.90B	-128.83B	-171.78B
Financing Cash Flow	-105.10B	-59.17B	-53.56B	-4.61B	-108.41B	103.96B

Dongwon Systems Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price20350.00

Price Trends

50DMA21487.42Negative

100DMA20688.31Positive

200DMA22931.55Negative

Market Momentum

MACD-84.14Positive

RSI46.89Neutral

STOCH28.10Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:014820, the sentiment is Negative. The current price of 20350.00 is below the 20-day moving average (MA) of 21607.50, below the 50-day MA of 21487.42, and below the 200-day MA of 22931.55, indicating a bearish trend. The MACD of -84.14 indicates Positive momentum. The RSI at 46.89 is Neutral, neither overbought nor oversold. The STOCH value of 28.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:014820.

Dongwon Systems Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:014820 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:014820	68Neutral	KRW 616.68B	9.78	―	2.84%	1.87%	3.40%
KR:272550	62Neutral	KRW 143.45B	7.07	―	5.25%	0.55%	42.39%
KR:004450	60Neutral	KRW 47.65B	10.10	―	4.53%	-1.65%	-11.01%
KR:004250	57Neutral	KRW 90.00B	5.91	―	4.30%	7.12%	-77.49%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:011280	44Neutral	KRW 74.69B	-9.80	―	―	4.95%	68.22%
KR:014160	43Neutral	KRW 40.98B	-301.20	―	―	2.12%	93.11%

* General Sector Average

Performance Comparison

KR:014820 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:014820	Dongwon Systems Corporation	21150.00	-5859.17	-21.69%
KR:004250	National Plastic Co. Ltd.	2440.00	-1456.20	-37.37%
KR:004450	Samhwa Crown & Closure Co., Ltd	26500.00	-4717.49	-15.11%
KR:011280	Tailim Packaging Co., Ltd.	1085.00	-706.00	-39.42%
KR:014160	Daeyoung Packaging Co., Ltd.	2500.00	-2650.00	-51.46%
KR:272550	SAMYANG PACKAGING CORP	9520.00	-4039.08	-29.79%

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

Dongwon Systems Corporation AI Stock Analysis