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DCM Corp (024090) AI Stock Analysis

KR:024090

DCM Corp

(Korea Exchange:024090)

Select Model
Rating:71Outperform
Price Target:KRW 12,917.00â–²(9.47% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is primarily driven by strong financial resilience—especially very low leverage and consistently positive free cash flow—balanced against signs of cyclical normalization, including recent revenue softness and lower margins than prior peak years. Valuation is supportive due to the moderate P/E and high dividend yield, while technical indicators are mixed and do not indicate strong momentum.

Positive Factors
Very Low LeverageVery low leverage materially reduces financial risk in a cyclical steel business and preserves flexibility through weaker conditions. Stable equity also provides a durable capital base, allowing DCM to support operations and pursue opportunities without relying heavily on additional borrowing.
Negative Factors
Recent Revenue DeclineRecent revenue contraction indicates weaker sales momentum and limits the company’s ability to expand earnings through volume growth. If this trend persists, DCM may have less operating leverage and fewer resources to offset cost pressure or rebuild profitability toward prior highs.

DCM Corp (024090) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%25%KR:024090+9.08%SPY+13.13%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 99.55B
Dividend Yield
6.96%
Average Volume (3M)
8,331
Price to Earnings (P/E)
12.4
Beta (1Y)
-0.04
Revenue Growth
-12.68%
EPS Growth
1.94%
Country
KR
Employees
184
Sector
General
Sector Strength
55
Industry
Steel

DCM Corp Business Overview & Revenue Model

Company Description

Primarily operating within South Korea, DCM Corp. is a producer and vendor of various steel plate commodities. Its extensive portfolio encompasses cold-rolled, electro-galvanized, hot-dip galvanized, galvanium, and stainless steel sheets, alongside a...

DCM Corp Financial Statement Overview

Summary

Balance sheet strength is a major positive (very low leverage and stable equity), supporting resilience in a cyclical steel business. Profitability has recovered from 2023 losses to positive earnings, but recent revenue declines and normalized (lower) margins versus 2021–2022 peaks temper the score. Cash flow remains positive with solid free cash flow, though coverage versus net income and recent free cash flow momentum have softened.

Income Statement

62Positive

Balance Sheet

86Very Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue203.21B227.05B240.91B218.26B240.60B250.83B
Gross Profit17.42B20.69B28.39B19.64B35.22B44.86B
EBITDA7.98B11.42B24.99B-18.00B41.33B61.34B
Net Income10.79B11.80B18.87B-10.30B37.64B50.75B
Balance Sheet
Total Assets292.59B309.77B293.57B290.82B306.96B286.90B
Cash, Cash Equivalents and Short-Term Investments73.70B72.92B80.85B76.74B120.77B94.99B
Total Debt5.00B5.00B5.00B5.00B7.00B6.00B
Total Liabilities31.81B48.57B36.50B47.44B41.60B51.35B
Stockholders Equity260.78B260.82B257.07B243.38B265.36B235.55B
Cash Flow
Free Cash Flow8.74B5.22B15.66B10.59B23.87B12.63B
Operating Cash Flow11.54B7.19B19.34B13.87B31.53B15.81B
Investing Cash Flow11.26B-9.00B10.79B6.47B-18.51B-9.57B
Financing Cash Flow-8.90B-8.30B-6.34B-12.94B-7.51B-4.59B

DCM Corp Technical Analysis

Technical Analysis SentimentPositive
Last Price11800.00

Price Trends

50DMA11662.20Positive
100DMA11320.20Positive
200DMA11695.10Positive

Market Momentum

MACD41.98Positive
RSI49.63Neutral
STOCH19.73Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:024090, the sentiment is Positive. The current price of 11800.00 is below the 20-day moving average (MA) of 11887.00, above the 50-day MA of 11662.20, and above the 200-day MA of 11695.10, indicating a neutral trend. The MACD of 41.98 indicates Positive momentum. The RSI at 49.63 is Neutral, neither overbought nor oversold. The STOCH value of 19.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:024090.

DCM Corp Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:024090 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:024090KR:02409071OutperformKRW 101.48B12.45―6.96%-12.68%1.94%
KR:032560KR:03256067NeutralKRW 87.83B3.32―2.90%13.01%39.20%
KR:008260KR:00826061NeutralKRW 85.97B4.50―5.74%11.33%7.14%
KR:009190KR:00919056NeutralKRW 37.30B6.14――0.56%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:008970KR:00897046NeutralKRW 114.12B-24.46――22.57%-322.13%
KR:002220KR:00222044NeutralKRW 63.63B-34.45―1.12%9.97%-630.77%

* General Sector Average

Performance Comparison

-50%-25%0%25%50%KR:024090KR:002220KR:008260KR:008970KR:009190KR:032560Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:024090 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:024090DCM Corp11790.00869.077.96%
KR:002220Hanil Iron & Steel Co., Ltd2680.00-1571.73-36.97%
KR:008260N.I. Steel Co., Ltd.3050.00-429.72-12.35%
KR:008970KBI Dong Yang Steel Pipe1100.00-1250.00-53.19%
KR:009190Daiyang Metal Co., Ltd.830.00-647.00-43.81%
KR:032560Hwangkum Steel & Technology Co., Ltd.5170.00-416.75-7.46%
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