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Korea Engineering Consultants Corporation (KR:023350)
:023350
South Korea Market
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Korea Engineering Consultants Corporation (023350) AI Stock Analysis

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KR:023350

Korea Engineering Consultants Corporation

(023350)

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Neutral 56 (OpenAI - Gpt-5.6Sol)
Rating:56Neutral
Price Target:
₩3,600.00
Action:N/A
Date:10/28/26
The score is anchored by mixed financial performance: a solid balance sheet, but a concerning TTM revenue drop and negative operating/free cash flow. Technical signals add pressure as the stock remains in a clear downtrend below key moving averages with weak momentum. Offsetting these risks, valuation is a major positive given the very low P/E and a moderate dividend yield.
Positive Factors
Solid balance sheet
Moderate leverage and a substantial equity base provide financial flexibility for an engineering business with project-related working-capital needs. The acceptable and improving ROE indicates that capital is generating positive returns, although returns are not consistently high across the full history.
Negative Factors
Sharp TTM revenue decline
A roughly 52% TTM revenue contraction is a significant deterioration in the top-line trajectory and raises questions about project awards, backlog conversion, or timing. If sustained, lower revenue would pressure operating leverage, earnings visibility, and the company’s ability to maintain growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid balance sheet
Moderate leverage and a substantial equity base provide financial flexibility for an engineering business with project-related working-capital needs. The acceptable and improving ROE indicates that capital is generating positive returns, although returns are not consistently high across the full history.
Read all positive factors

Korea Engineering Consultants Corporation (023350) vs. SPDR S&P 500 ETF (SPY)

Korea Engineering Consultants Corporation Business Overview & Revenue Model

Company Description
Korea Engineering Consultants Corp. (KECC) delivers a broad spectrum of land development and engineering services to clients both in South Korea and globally. Its comprehensive offerings span the entire project lifecycle, encompassing initial feas...

Korea Engineering Consultants Corporation Financial Statement Overview

Summary
Balance sheet strength (moderate leverage with TTM debt-to-equity ~0.23 and acceptable ROE ~7.9%) supports the score, but fundamentals are held back by two key risks in the latest TTM view: a sharp revenue decline (~-52% vs. prior period) and negative operating/free cash flow, indicating unstable cash conversion and potential working-capital or project-timing pressure.
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
33
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue423.09B412.91B398.91B376.92B283.70B268.25B
Gross Profit38.92B36.08B32.73B35.86B35.78B31.91B
EBITDA18.92B8.89B12.48B16.78B10.35B17.95B
Net Income13.38B8.54B6.23B13.34B3.80B11.04B
Balance Sheet
Total Assets454.87B448.26B418.09B381.18B332.70B339.42B
Cash, Cash Equivalents and Short-Term Investments71.89B79.40B67.28B60.35B48.17B59.12B
Total Debt40.84B21.86B26.20B25.89B29.14B33.11B
Total Liabilities275.59B277.65B261.42B224.52B183.90B197.12B
Stockholders Equity177.02B170.60B156.66B156.66B148.80B142.30B
Cash Flow
Free Cash Flow-30.46B20.23B12.50B18.98B-4.11B13.04B
Operating Cash Flow-19.56B21.95B13.44B19.94B-3.72B14.84B
Investing Cash Flow-11.37B-3.83B-44.98M2.34B-7.69B-3.14B
Financing Cash Flow16.57B-6.26B-1.75B-5.38B-6.32B-11.21B

Korea Engineering Consultants Corporation Technical Analysis

Technical Analysis Sentiment
Negative
Last Price―
Price Trends
50DMA
3852.60
Negative
100DMA
4014.40
Negative
200DMA
4398.65
Negative
Market Momentum
MACD
-113.43
Positive
RSI
34.07
Neutral
STOCH
20.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:023350, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 3645.50, equal to the 50-day MA of 3852.60, and equal to the 200-day MA of 4398.65, indicating a bearish trend. The MACD of -113.43 indicates Positive momentum. The RSI at 34.07 is Neutral, neither overbought nor oversold. The STOCH value of 20.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:023350.

Korea Engineering Consultants Corporation Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
₩197.00B10.89―3.25%18.37%78.77%
60
Neutral
₩164.53B11.96―2.45%-0.39%-40.23%
56
Neutral
₩36.21B2.76―2.87%7.02%112.75%
56
Neutral
₩3.28T91.23―1.56%7.95%-63.79%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
55
Neutral
₩168.14B19.07―5.94%10.68%―
55
Neutral
₩492.09B2.76―9.36%-34.52%―
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KR:023350
Korea Engineering Consultants Corporation
3,480.00
-925.56
-21.01%
KR:002150
Dohwa Engineering Co., Ltd.
5,050.00
-691.14
-12.04%
KR:009410
Taeyoung Engineering & Construction Co., Ltd.
1,493.00
-53.00
-3.43%
KR:028100
Dong-Ah Geological Engineering Co., Ltd
18,460.00
4,955.20
36.69%
KR:052690
KEPCO Engineering & Construction Co., Inc.
86,300.00
-14,370.02
-14.27%
KR:053690
HanmiGlobal Co., Ltd.
16,300.00
-2,819.34
-14.75%
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