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Seowon Co., Ltd (021050) AI Stock Analysis

KR:021050

Seowon Co., Ltd

(Korea Exchange:021050)

Select Model
Rating:48Neutral
Price Target:KRW 984.00â–¼(-0.40% Downside)
Action:initiatedcoverage
Date:10/28/26

The score is held back mainly by financial risk—very high leverage and negative operating/free cash flow despite improving revenue and operating margins. Technicals also remain weak with the stock trading below key moving averages and negative MACD, though oversold readings provide limited near-term support. Valuation is a positive offset due to the low P/E.

Positive Factors
Revenue GrowthThe 10.9% TTM revenue increase indicates renewed demand and improving commercial activity after weaker results. Sustained top-line expansion would enlarge the operating base, support better capacity utilization, and provide a foundation for earnings recovery over the next several quarters.
Negative Factors
High LeverageDebt equal to roughly four times equity materially reduces financial flexibility and increases sensitivity to margin pressure or weaker demand. A highly leveraged capital structure can also raise refinancing and interest-burden risks, limiting the company’s ability to fund growth internally.

Seowon Co., Ltd (021050) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%KR:021050-9.69%SPY+12.58%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
KRW 45.81B
Dividend Yield
―
Average Volume (3M)
180.09K
Price to Earnings (P/E)
5.0
Beta (1Y)
0.43
Revenue Growth
24.49%
EPS Growth
―
Country
KR
Employees
108
Sector
General
Sector Strength
55
Industry
Manufacturing - Metal Fabrication

Seowon Co., Ltd Business Overview & Revenue Model

Company Description

Based in South Korea, Seowon Co., Ltd. specializes in the production and distribution of non-ferrous metals. The firm manufactures brass products, including billets, slabs, and ingots, in addition to bronze ingots. Furthermore, Seowon engages in the...

Seowon Co., Ltd Financial Statement Overview

Summary

Revenue rebounded (+10.9% TTM) and operating profitability improved with positive EBIT/EBITDA margins, but net margin remains very thin (sub-1%). The biggest constraints are very high leverage (debt-to-equity ~4.0) and negative TTM operating cash flow and free cash flow, indicating elevated balance-sheet risk and weak cash conversion.

Income Statement

56Neutral

Balance Sheet

33Negative

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.97T1.71T1.23T233.18B275.68B261.64B
Gross Profit144.53B96.23B65.92B9.34B11.31B25.32B
EBITDA97.58B63.50B72.04B-3.96B5.00B24.74B
Net Income9.13B-34.37M49.49B-10.16B276.40M16.97B
Balance Sheet
Total Assets1.20T1.08T981.65B247.00B266.23B293.37B
Cash, Cash Equivalents and Short-Term Investments68.61B36.52B36.28B9.98B15.34B13.13B
Total Debt653.75B568.26B507.39B113.66B118.77B122.68B
Total Liabilities827.27B737.69B634.91B123.00B130.00B157.39B
Stockholders Equity163.93B145.88B152.37B124.00B133.07B132.88B
Cash Flow
Free Cash Flow-37.88B-17.54B30.89B-2.87B4.33B-13.98B
Operating Cash Flow-30.07B-9.70B37.76B-1.13B10.94B-11.73B
Investing Cash Flow-66.19B-50.31B39.51B-265.58M-3.84B-11.45B
Financing Cash Flow109.44B58.81B-52.07B-5.51B-3.89B30.72B

Seowon Co., Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price988.00

Price Trends

50DMA1080.68Negative
100DMA1064.14Negative
200DMA1193.82Negative

Market Momentum

MACD-29.19Positive
RSI40.90Neutral
STOCH29.82Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:021050, the sentiment is Negative. The current price of 988.00 is below the 20-day moving average (MA) of 1032.60, below the 50-day MA of 1080.68, and below the 200-day MA of 1193.82, indicating a bearish trend. The MACD of -29.19 indicates Positive momentum. The RSI at 40.90 is Neutral, neither overbought nor oversold. The STOCH value of 29.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:021050.

Seowon Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:021050 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:000970KR:00097068NeutralKRW 134.66B7.92―6.34%-1.02%20.49%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:021050KR:02105048NeutralKRW 45.24B5.00――24.49%―
KR:007280KR:00728047NeutralKRW 49.70B-13.92―20.64%4.47%-192.61%
KR:008350KR:00835047NeutralKRW 141.35B-13.11――-2.95%50.67%
KR:025890KR:02589046NeutralKRW 26.79B-53.49――-13.76%-150.35%

* General Sector Average

Performance Comparison

0%50%100%150%KR:021050KR:000970KR:007280KR:008350KR:025890KR:039240Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
KR:021050 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:021050Seowon Co., Ltd988.00-116.00-10.51%
KR:000970Korea Cast Iron Pipe Ind. Co., Ltd.6310.001.520.02%
KR:007280KOREA STEEL CO.,LTD1938.00-1120.83-36.64%
KR:008350Namsun Aluminum Co., Ltd.1090.0050.004.81%
KR:025890Hankook Steel Co., Ltd.2330.00513.0028.23%
KR:039240Gyeongnam Steel Co., Ltd1923.00-737.64-27.72%
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