Castec Korea Co Ltd

KOSDAQ:A071850

South Korea / Consumer Discretionary / Automobile Components

Overview

News

5Y Historical Financials

Stock Price

1,476.00 KRW


Key Metrics	Latest
Total Revenue	155.3 B
Adjusted EBITDA	-3.483 B
EBITDA Margin	-2.2%
Net Profit Margin	-12.6%
Total Assets	205.5 B
Total Debt	62.987 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	12 Months	Sep-23	Sep-24

Revenue	174,548.42	137,648.74	141,243.57	182,019.08	172,901.54	155,336.08	137,425.06	119,859.60
% Growth		(0.21)	0.03	0.29	(0.05)			(0.13)

Adjusted EBITDA	13,012.84	4,027.00	(3,125.01)	2,669.80	2,795.09	(3,483.06)	5,651.56	(626.59)
% Margin	0.07	0.03	(0.02)	0.01	0.02	(0.02)	0.04	(0.01)

Adjusted EBIT	58.99	(9,604.67)	(17,614.99)	(10,763.71)	(9,205.39)	(15,071.83)	(3,373.14)	(9,239.57)
% Margin	0.00	(0.07)	(0.12)	(0.06)	(0.05)	(0.10)	(0.02)	(0.08)

Adjusted Net Income	(5,608.20)	(18,528.89)	(15,261.07)	(6,179.40)	(15,720.79)	(19,529.59)	(6,696.75)	(10,505.54)
% Margin	(0.03)	(0.13)	(0.11)	(0.03)	(0.09)	(0.13)	(0.05)	(0.09)

Adjusted Basic EPS	(344.04)	(1,136.68)	(936.21)	(379.08)	(964.41)	(947.34)	(410.82)	(509.60)

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
KRW	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Sep-24	Sep-23	Sep-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	174,548	137,649	141,244	182,019	172,902	155,336	137,425	119,860
% Growth	NA	-21.1%	2.6%	28.9%	-5.0%			-12.8%

Cost of Revenue	(161,349)	(134,187)	(142,054)	(176,393)	(166,620)	(153,825)	(129,352)	(116,556)
Gross Profit	13,200	3,462	(810)	5,626	6,281	1,511	8,073	3,303
% Revenue	7.6%	2.5%	-0.6%	3.1%	3.6%	1.0%	5.9%	2.8%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	(4,438)	(3,900)	(4,429)	(6,246)	(5,068)	(4,200)	(3,921)	(3,053)
General and Admin	(7,584)	(8,340)	(11,644)	(9,418)	(9,521)	(11,258)	(7,178)	(8,914)
Other Inc / (Exp)	(539)	(4,017)	2,294	1,879	8,598	13,468	2,069	6,939
Total Operating Exp	(12,561)	(16,257)	(13,780)	(13,784)	(5,991)	(1,990)	(9,030)	(5,029)

Operating Income	639	(12,795)	(14,590)	(8,158)	290	(478)	(957)	(1,726)
% Revenue	0.4%	-9.3%	-10.3%	-4.5%	0.2%	-0.3%	-0.7%	-1.4%

Interest Expense	(4,093)	(3,918)	(3,352)	(5,133)	(9,675)	(9,058)	(6,014)	(5,397)
Pre-tax Income	(3,454)	(16,713)	(17,941)	(13,291)	(9,385)	(9,537)	(6,971)	(7,123)
Earnings of Discontinued Ops.	(1,988)	(1,614)	0	0	0	0	0	0
Provision for Taxes	(290)	(18)	2,616	7,111	(6,717)	(6,678)	(17)	22
Net Income to Company	(5,732)	(18,345)	(15,326)	(6,180)	(16,102)	(16,215)	(6,988)	(7,101)
% Margin	-3.3%	-13.3%	-10.9%	-3.4%	-9.3%	-10.4%	-5.1%	-5.9%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	(5,732)	(18,345)	(15,326)	(6,180)	(16,102)	(16,215)	(6,988)	(7,101)

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	1,988	1,614	0	0	0	0	0	0

Net Income to Common	(3,743)	(16,731)	(15,326)	(6,180)	(16,102)	(16,215)	(6,988)	(7,101)
% Margin	-2.1%	-12.2%	-10.9%	-3.4%	-9.3%	-10.4%	-5.1%	-5.9%

As Reported
Basic EPS (Continuing Ops)	(229.65)	(1,026.37)	(940.16)	(379.14)	(987.79)	(903.55)	(428.70)	(344.47)
Diluted EPS (Continuing Ops)	(230.00)	(1,026.37)	(940.16)	(379.14)	(988.00)	(903.47)	(429.00)	(344.47)

WA Basic Shares Out.	16.30	16.30	16.30	16.30	16.30	20.62	16.30	20.62
WA Diluted Shares Out.	16.30	16.30	16.30	16.30	16.30	20.62	16.30	20.62

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(3,454)	(16,713)	(17,941)	(13,291)	(9,385)	(9,537)	(6,971)	(7,123)
Addback: Net Interest Expense	4,093	3,918	3,352	5,133	9,675	9,058	6,014	5,397
Addback: Other Non Operating Expenses, Total	(746)	3,438	(3,112)	(2,607)	(10,010)	(10,114)	(2,810)	(2,914)
Addback: Depreciation & Amortization	12,954	13,632	14,490	13,434	12,000	11,589	9,025	8,613
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	121	(61)	87	1	515	(4,592)	394	(4,713)
Addback: Asset Writedown	45	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	(187)	0	0	0	113	0	113
Adjusted EBITDA	13,013	4,027	(3,125)	2,670	2,795	(3,483)	5,652	(627)
% Margin	7.5%	2.9%	-2.2%	1.5%	1.6%	-2.2%	4.1%	-0.5%

Adjusted EBIT	59	(9,605)	(17,615)	(10,764)	(9,205)	(15,072)	(3,373)	(9,240)
% Margin	0.0%	-7.0%	-12.5%	-5.9%	-5.3%	-9.7%	-2.5%	-7.7%

Adjusted Net Income Reconciliation
Net Income to Company	(5,732)	(18,345)	(15,326)	(6,180)	(16,102)	(16,215)	(6,988)	(7,101)
Addback: Unusual Items	167	(248)	87	1	515	(4,479)	394	(4,600)
Less: Tax Benefit of Unusual Items (26%)	(43)	65	(23)	(0)	(134)	1,165	(102)	1,196
Adjusted Net Income	(5,608)	(18,529)	(15,261)	(6,179)	(15,721)	(19,530)	(6,697)	(10,506)
% Margin	-3.2%	-13.5%	-10.8%	-3.4%	-9.1%	-12.6%	-4.9%	-8.8%

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Castec Korea Co Ltd

KOSDAQ:A071850

South Korea / Consumer Discretionary / Automobile Components

5Y Historical Financials