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PI Advanced Materials Co., Ltd. (KR:178920)
:178920
South Korea Market
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PI Advanced Materials Co., Ltd. (178920) AI Stock Analysis

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KR:178920

PI Advanced Materials Co., Ltd.

(178920)

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Outperform 71 (OpenAI - Gpt-5.6Sol)
Rating:71Outperform
Price Target:
$18,487.00
Action:N/A
Date:10/28/26
The score is driven primarily by strong financial performance (rebounding margins, strong growth, and low leverage) and a reasonable valuation (P/E ~12 with a ~2.1% dividend). These positives are partially offset by weak technicals, with the stock trading below key moving averages and negative momentum indicators.
Positive Factors
Profitability and revenue rebound
The sharp TTM recovery in revenue and profitability indicates renewed demand or pricing power and a meaningful improvement from the prior loss year. If sustained, stronger operating earnings can support reinvestment, reinforce the company’s position in specialty materials, and improve earnings capacity over the next several quarters.
Negative Factors
Cyclical earnings volatility
The pronounced movement from profits to a loss and back to strong margins shows that earnings are sensitive to the operating cycle. This volatility makes future profit levels less predictable, complicates planning, and could weaken returns or investment capacity if specialty-material demand deteriorates again.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and revenue rebound
The sharp TTM recovery in revenue and profitability indicates renewed demand or pricing power and a meaningful improvement from the prior loss year. If sustained, stronger operating earnings can support reinvestment, reinforce the company’s position in specialty materials, and improve earnings capacity over the next several quarters.
Read all positive factors

PI Advanced Materials Co., Ltd. (178920) vs. SPDR S&P 500 ETF (SPY)

PI Advanced Materials Co., Ltd. Business Overview & Revenue Model

Company Description
Headquartered in Anyang, South Korea, PI Advanced Materials Co., Ltd. specializes in the creation and distribution of polyimide films and varnishes across the nation. These high-performance materials are integral to numerous industries, including ...

PI Advanced Materials Co., Ltd. Financial Statement Overview

Summary
Strong TTM rebound in profitability (net margin ~15%) with very strong revenue growth and improved returns, supported by currently conservative leverage (debt-to-equity ~0.12). Main risk is cyclicality/volatility in results and cash conversion across recent years.
Income Statement
84
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue268.41B263.42B251.30B217.64B276.44B301.87B
Gross Profit85.00B69.68B63.96B25.30B79.56B104.08B
EBITDA88.77B76.75B67.57B26.17B80.50B107.95B
Net Income40.86B30.39B23.38B-1.80B45.71B64.00B
Balance Sheet
Total Assets482.06B466.66B527.53B517.95B499.00B472.96B
Cash, Cash Equivalents and Short-Term Investments64.63B50.68B82.81B56.41B16.40B105.46B
Total Debt44.55B51.18B141.70B157.27B101.19B63.12B
Total Liabilities109.07B111.50B189.62B203.03B157.54B147.07B
Stockholders Equity373.00B355.15B337.91B314.92B341.45B325.89B
Cash Flow
Free Cash Flow71.56B74.34B41.38B7.77B-95.15B52.15B
Operating Cash Flow75.47B78.27B55.13B60.01B17.44B88.56B
Investing Cash Flow-4.11B-5.02B-13.42B-52.36B-97.77B-50.56B
Financing Cash Flow-80.95B-105.25B-15.86B32.50B5.08B-24.03B

PI Advanced Materials Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price―
Price Trends
50DMA
18688.60
Negative
100DMA
19222.70
Negative
200DMA
20413.94
Negative
Market Momentum
MACD
-773.08
Positive
RSI
34.87
Neutral
STOCH
13.83
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:178920, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 18208.50, equal to the 50-day MA of 18688.60, and equal to the 200-day MA of 20413.94, indicating a bearish trend. The MACD of -773.08 indicates Positive momentum. The RSI at 34.87 is Neutral, neither overbought nor oversold. The STOCH value of 13.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:178920.

PI Advanced Materials Co., Ltd. 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
₩463.99B10.89―2.22%-1.76%48.18%
66
Neutral
₩248.64B5.33―2.90%1.26%49.46%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
45
Neutral
₩1.32T-161.67――-2.73%-159.93%
43
Neutral
₩3.80T-3.65―1.23%23.89%-71.79%
42
Neutral
₩382.49B-19.37――2.95%67.82%
41
Neutral
₩768.33B107.88―2.76%26.85%-80.66%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KR:178920
PI Advanced Materials Co., Ltd.
15,800.00
-1,742.03
-9.93%
KR:004430
Songwon Industrial Co., Ltd.
10,360.00
897.88
9.49%
KR:005070
Cosmo AM&T Co., Ltd.
39,850.00
-16,650.00
-29.47%
KR:005420
Cosmo Chemical Co., Ltd.
9,970.00
-9,730.00
-49.39%
KR:011790
SKC Co., Ltd.
82,900.00
-25,614.26
-23.60%
KR:285130
SK Chemicals Co., Ltd.
41,650.00
-21,070.02
-33.59%
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