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Baiksan Co., Ltd
(035150)
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Rating:66Neutral
Price Target:
₩10,746.00
Action:N/A
Date:10/28/26
The score is driven primarily by stable but moderating financial performance (flat TTM revenue, margin compression vs. 2024, and weaker operating cash flow coverage versus debt). Technical signals are bearish with the price below key moving averages and negative MACD, partially offset by near-oversold RSI/Stoch. These risks are meaningfully cushioned by a very attractive valuation (low P/E and high dividend yield).
Positive Factors
Diversified end-market applications
Baiksan serves footwear, apparel, bags, furniture, and automotive interiors with PU/PVC synthetic leather and coated materials. This cross-industry application base can diversify end-market exposure and gives the company multiple routes to sustain demand as downstream product needs change.
Negative Factors
Stalled recent revenue growth
Flat TTM revenue and the reported -2.6% revenue-growth figure indicate that recent expansion has stalled after the earlier rebound. A lack of current top-line momentum can constrain operating leverage, limit reinvestment growth, and make earnings more dependent on margin execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-market applications
Baiksan serves footwear, apparel, bags, furniture, and automotive interiors with PU/PVC synthetic leather and coated materials. This cross-industry application base can diversify end-market exposure and gives the company multiple routes to sustain demand as downstream product needs change.
Read all positive factors
Baiksan Co., Ltd (035150) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩196.92B
Dividend Yield5.52%
Average Volume (3M)11.96K
Price to Earnings (P/E)5.8
Beta (1Y)<0.01
Revenue Growth-2.60%
EPS Growth-25.58%
CountryKR
Employees224
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)1731.66
Shares Outstanding19,771,078
10 Day Avg. Volume11,576
30 Day Avg. Volume11,964
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)1.04
Price to Sales (P/S)0.53
P/FCF Ratio9.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Baiksan Co., Ltd Business Overview & Revenue Model
Company Description
BAIKSAN Co., Ltd., headquartered in Siheung-si, South Korea, is dedicated to the manufacturing and distribution of artificial and synthetic leather across the country. These highly versatile materials are integral components in a broad spectrum of...
Baiksan Co., Ltd Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 505.17B | 504.92B | 496.96B | 417.72B | 475.90B | 371.08B |
| Gross Profit | 106.08B | 109.08B | 128.58B | 96.17B | 94.99B | 67.91B |
| EBITDA | 60.55B | 61.97B | 91.13B | 62.08B | 64.64B | 30.16B |
| Net Income | 35.47B | 33.50B | 60.74B | 41.28B | 45.29B | 19.17B |
Balance Sheet | ||||||
| Total Assets | 455.47B | 446.66B | 457.88B | 351.92B | 338.87B | 330.16B |
| Cash, Cash Equivalents and Short-Term Investments | 57.07B | 72.81B | 75.26B | 70.63B | 67.16B | 70.79B |
| Total Debt | 108.06B | 112.14B | 117.51B | 81.61B | 94.42B | 110.47B |
| Total Liabilities | 183.38B | 186.04B | 207.52B | 143.46B | 158.72B | 183.15B |
| Stockholders Equity | 270.09B | 258.62B | 248.07B | 206.07B | 178.49B | 145.59B |
Cash Flow | ||||||
| Free Cash Flow | 28.02B | 27.75B | 18.95B | 35.24B | 31.15B | 5.42B |
| Operating Cash Flow | 36.16B | 38.40B | 56.22B | 46.31B | 51.55B | 9.76B |
| Investing Cash Flow | -12.02B | -11.22B | -24.20B | -20.26B | -41.27B | 16.92B |
| Financing Cash Flow | -36.92B | -26.27B | -15.28B | -25.23B | -26.93B | -976.67M |
Baiksan Co., Ltd Technical Analysis
Negative
―
Price Trends
10528.60
Negative
10303.50
Negative
11487.30
Negative
Market Momentum
-141.24
Positive
34.28
Neutral
25.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:035150, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 10317.50, equal to the 50-day MA of 10528.60, and equal to the 200-day MA of 11487.30, indicating a bearish trend. The MACD of -141.24 indicates Positive momentum. The RSI at 34.28 is Neutral, neither overbought nor oversold. The STOCH value of 25.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:035150.
Baiksan Co., Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₩215.78B | 7.34 | ― | 4.49% | 30.03% | 83.76% | |
71 Outperform | ₩249.00B | 2.52 | ― | 6.93% | -8.64% | 121.40% | |
66 Neutral | ₩196.92B | 5.82 | ― | 5.52% | -2.60% | -25.58% | |
61 Neutral | ₩172.90B | 4.06 | ― | 4.31% | 8.07% | 33.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₩201.73B | 21.25 | ― | 0.30% | 0.88% | 143.75% |
* General Sector Average
KR:035150
Baiksan Co., Ltd
9,960.00
-3,236.97
-24.53%
KR:011500
Hannong Chemicals Inc.
13,190.00
-2,775.80
-17.39%
KR:025000
KPX Chemical Co., Ltd.
61,300.00
19,390.23
46.27%
KR:102260
DONGSUNG CHEMICAL Co., Ltd.
3,480.00
-321.45
-8.46%
KR:134380
Miwon Chemicals Co., Ltd
11,130.00
2,763.12
33.02%
KR:317330
Duksan Techopia Co. Ltd.
10,320.00
-10,930.00
-51.44%
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.