Wooshin Systems Co., Ltd (017370) AI Stock Analysis

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Wooshin Systems Co., Ltd

(Korea Exchange:017370)

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Rating:51Neutral

Price Target:KRW 3,518.00▲(0.95% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is held back primarily by weak and volatile cash flow (negative TTM operating cash flow and deeply negative free cash flow) alongside pressured operating profitability and meaningful leverage. Technicals also signal a continued downtrend (below major moving averages with negative MACD). These risks are partially offset by a very low P/E that suggests the stock is priced cheaply relative to earnings.

Positive Factors

Profitability RecoveryThe shift from losses in 2021 to positive net income shows that the company has demonstrated an ability to restore profitability. Although recent performance has weakened, this recovery provides an established earnings base that could support reinvestment and resilience if operating conditions stabilize.

Negative Factors

Weak Cash GenerationRecent cash generation is the clearest fundamental weakness because reported earnings are not being converted into cash. Negative operating and free cash flow can reduce funding available for investment, increase reliance on financing, and make the business more vulnerable if outflows persist.

Wooshin Systems Co., Ltd (017370) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 52.98B
Dividend Yield: 0.86%
Average Volume (3M): 14.37K
Price to Earnings (P/E): 4.2
Beta (1Y): 0.22
Revenue Growth: -42.39%
EPS Growth: -52.21%
Country: KR
Employees: 250
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Wooshin Systems Co., Ltd Business Overview & Revenue Model

Company Description

Wooshin Systems Co., Ltd. is a global enterprise engaged in the production and distribution of sophisticated automotive body assembly systems and essential vehicle components. Their extensive product line for car manufacturing facilities features adv...

Wooshin Systems Co., Ltd Financial Statement Overview

Summary

Profitability improved from 2021 losses to positive net income, but recent fundamentals are weakening: TTM revenue is down (~3.8%), operating profitability is near breakeven, and cash generation is a major concern with slightly negative operating cash flow and deeply negative free cash flow. Leverage is meaningful (debt roughly near equity), reducing flexibility if cash outflows persist.

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	354.45B	388.61B	563.60B	242.20B	254.54B	262.34B
Gross Profit	45.26B	56.70B	67.17B	37.22B	36.94B	16.91B
EBITDA	12.84B	32.18B	63.31B	27.84B	21.25B	2.66B
Net Income	13.71B	15.01B	33.90B	7.43B	2.77B	-12.91B
Balance Sheet
Total Assets	380.26B	394.84B	433.75B	380.46B	282.52B	309.61B
Cash, Cash Equivalents and Short-Term Investments	60.87B	79.27B	43.51B	99.88B	67.94B	80.03B
Total Debt	150.75B	149.64B	183.16B	127.47B	126.96B	145.15B
Total Liabilities	223.13B	228.28B	305.51B	284.06B	192.47B	220.36B
Stockholders Equity	157.13B	166.56B	128.24B	96.40B	90.05B	87.94B
Cash Flow
Free Cash Flow	-18.56B	71.46B	-101.54B	28.95B	13.68B	24.86B
Operating Cash Flow	-1.42B	91.22B	-81.33B	48.25B	18.00B	30.16B
Investing Cash Flow	-17.36B	-49.91B	-19.94B	-17.89B	-19.42B	-3.26B
Financing Cash Flow	-380.00M	-36.32B	52.84B	-991.08M	-23.18B	352.90M

Wooshin Systems Co., Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price3485.00

Price Trends

50DMA3577.60Negative

100DMA3909.25Negative

200DMA4939.07Negative

Market Momentum

MACD-11.17Positive

RSI44.63Neutral

STOCH35.71Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:017370, the sentiment is Negative. The current price of 3485.00 is below the 20-day moving average (MA) of 3573.75, below the 50-day MA of 3577.60, and below the 200-day MA of 4939.07, indicating a bearish trend. The MACD of -11.17 indicates Positive momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:017370.

Wooshin Systems Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:017370 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:005850	75Outperform	KRW 2.14T	5.74	―	5.72%	10.27%	26.15%
KR:006660	69Neutral	KRW 81.91B	7.32	―	0.77%	-3.25%	-2.47%
KR:015750	60Neutral	KRW 415.16B	3.99	―	3.53%	1.70%	29.50%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:204320	54Neutral	KRW 1.74T	9.07	―	2.02%	1.85%	-33.95%
KR:018880	53Neutral	KRW 3.60T	-41.92	―	―	4.95%	85.11%
KR:017370	51Neutral	KRW 52.98B	4.17	―	0.86%	-42.39%	-52.21%

* General Sector Average

Performance Comparison

KR:017370 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:017370	Wooshin Systems Co., Ltd	3485.00	-3132.87	-47.34%
KR:005850	SL Corporation	48400.00	14485.77	42.71%
KR:006660	Samsung Climate Control Co., Ltd	10420.00	-3301.14	-24.06%
KR:015750	Sungwoo Hitech Co., Ltd	5190.00	-1254.42	-19.47%
KR:018880	Hanon Systems	3510.00	-393.42	-10.08%
KR:204320	HL Mando Co., Ltd.	37050.00	-541.16	-1.44%

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

Wooshin Systems Co., Ltd AI Stock Analysis

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