DONGSUNG FINETEC Co., Ltd. (033500) AI Stock Analysis

DONGSUNG FINETEC Co., Ltd.

(Korea Exchange:033500)

Select Model

Rating:73Outperform

Price Target:KRW 14,294.00▲(21.65% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is driven primarily by strong financial fundamentals (material margin recovery and a significantly deleveraged balance sheet with strong ROE) and very favorable valuation (low P/E and high dividend yield). These positives are meaningfully tempered by weak technicals, with the stock below major moving averages and showing strong negative momentum.

Positive Factors

Margin recoveryThe sustained recovery in gross and net margins indicates materially improved profitability since 2022. If maintained, stronger unit economics can support reinvestment, improve resilience across industry cycles, and provide greater capacity to absorb cost or demand pressure.

Negative Factors

Revenue momentum cooledThe latest revenue decline interrupts the company’s preceding growth pattern and suggests that demand or operating conditions may be more cyclical than recent margin gains imply. Persistent top-line weakness could limit operating leverage and make future profit expansion harder to sustain.

DONGSUNG FINETEC Co., Ltd. (033500) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 346.63B
Dividend Yield: 6.57%
Average Volume (3M): 102.95K
Price to Earnings (P/E): 8.0
Beta (1Y): 0.27
Revenue Growth: 11.94%
EPS Growth: 64.37%
Country: KR
Employees: ―
Sector: General
Sector Strength: 55
Industry: Chemicals

DONGSUNG FINETEC Co., Ltd. Business Overview & Revenue Model

Company Description

Dongsung FineTec Co Ltd specializes in the production of various industrial goods, such as advanced polyurethane systems, specialized materials for ultra-low temperature thermal insulation, metallic panels, diverse storage containers, and chemical re...

DONGSUNG FINETEC Co., Ltd. Financial Statement Overview

Summary

Overall financials are solid: profitability has improved materially since 2022 (gross margin ~9% to ~16% by 2025; net margin ~2% to ~7.5%), and the balance sheet is very strong with much lower leverage (debt-to-equity ~0.07 in 2025) and strong ROE (~21.6%). The main offset is cash-flow volatility and a sharp drop in 2025 free cash flow versus 2024, plus a slight 2025 revenue decline.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

64Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	742.19B	742.19B	597.41B	531.41B	434.15B	365.04B
Gross Profit	120.95B	120.95B	94.57B	68.24B	40.61B	58.88B
EBITDA	108.04B	87.66B	64.15B	51.13B	22.75B	43.57B
Net Income	55.88B	55.88B	39.34B	28.75B	8.42B	26.46B
Balance Sheet
Total Assets	501.56B	501.56B	455.45B	364.28B	344.01B	294.81B
Cash, Cash Equivalents and Short-Term Investments	102.55B	102.55B	58.87B	28.51B	28.04B	24.35B
Total Debt	18.21B	18.21B	34.03B	39.99B	69.31B	67.09B
Total Liabilities	242.67B	242.67B	253.01B	193.30B	195.39B	152.77B
Stockholders Equity	258.90B	258.90B	202.44B	168.86B	148.62B	142.04B
Cash Flow
Free Cash Flow	68.56B	68.56B	44.04B	48.27B	5.00B	-10.67B
Operating Cash Flow	84.70B	84.70B	67.58B	64.72B	9.73B	-5.62B
Investing Cash Flow	-36.33B	-36.33B	-21.84B	-16.97B	-4.42B	-5.05B
Financing Cash Flow	-24.40B	-24.40B	-15.60B	-47.83B	-520.60M	10.47B

DONGSUNG FINETEC Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price11750.00

Price Trends

50DMA14931.00Negative

100DMA15934.40Negative

200DMA20814.30Negative

Market Momentum

MACD-975.73Positive

RSI32.75Neutral

STOCH22.47Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:033500, the sentiment is Negative. The current price of 11750.00 is below the 20-day moving average (MA) of 12789.50, below the 50-day MA of 14931.00, and below the 200-day MA of 20814.30, indicating a bearish trend. The MACD of -975.73 indicates Positive momentum. The RSI at 32.75 is Neutral, neither overbought nor oversold. The STOCH value of 22.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:033500.

DONGSUNG FINETEC Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:033500 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:268280	81Outperform	KRW 639.77B	7.14	―	2.63%	6.80%	63.38%
KR:033500	73Outperform	KRW 346.63B	7.96	―	6.57%	11.94%	64.37%
KR:102260	61Neutral	KRW 166.69B	3.96	―	4.42%	8.07%	33.39%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:005290	55Neutral	KRW 1.73T	31.40	―	1.92%	-3.57%	184.64%
KR:005950	51Neutral	KRW 228.03B	2.76	―	―	37.28%	―
KR:457190	44Neutral	KRW 1.89T	327.10	―	―	14.19%	22.27%

* General Sector Average

Performance Comparison

KR:033500 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:033500	DONGSUNG FINETEC Co., Ltd.	11750.00	-19578.27	-62.49%
KR:005290	Dongjin Semichem Co., Ltd	37100.00	3040.37	8.93%
KR:005950	ISU CHEMICAL CO. LTD.	9190.00	-70.00	-0.76%
KR:102260	DONGSUNG CHEMICAL Co., Ltd.	3395.00	-482.48	-12.44%
KR:268280	Miwon Specialty Chemical Co. Ltd.	129500.00	-6279.94	-4.63%
KR:457190	ISU SPECIALTY CHEMICAL Co., Ltd.	71500.00	19600.00	37.76%

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

DONGSUNG FINETEC Co., Ltd. AI Stock Analysis