Cash flow LS Marine Solution Co., Ltd.

Stocks

A060370

KR7060370004

Construction & Engineering

End-of-day quote Korea S.E. Other stock markets 11/06/2026			5-day change	1st Jan Change
29,050.00 ^KRW	-0.68%		-11.43%	-3.01%

17/12	LS Marine Solution Co., Ltd. announced that it has received KRW 37.415325 billion in funding from Korea Investment & Securities Co., Ltd., NH Investment & Securities Co., Ltd., KB Securities Co., Ltd.	CI
28/11	LS Marine Solution to divest 37.4 billion won worth of own shares	RE

33f0e6388f7d1564ec9f5c1249.ebNU_EzpxzPxQaFujWGpxYjbqMEVRkRsZSv5Y9SrNi8.MtkjiRnegluadtMU6xnB872YxuxTAjIFPFmdNKXcd2dU0CGkJ9nyZKsu1g

Published financial data: LS MARINE SOLUTION CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2023	2024	2025
Revenues	7.08TCr	13TCr	24TCr
Other Revenues, Total	-10	-	-
Total Revenues	7.08TCr	13TCr	24TCr
Cost of Goods Sold, Total	5.08TCr	11TCr	23TCr
Gross Profit	2TCr	1.68TCr	1.61TCr
Selling General & Admin Expenses, Total	547.78Cr	568.22Cr	883.05Cr
Provision for Bad Debts	119.06Cr	-173.72Cr	-47Cr
Depreciation & Amortization - (IS)	23Cr	44Cr	70Cr
Other Operating Expenses	1.92Cr	3.32Cr	6.19Cr
Other Operating Expenses, Total	691.89Cr	441.53Cr	911.73Cr
Operating Income	1.31TCr	1.24TCr	700.93Cr
Interest Expense, Total	-1.43Cr	-2.21Cr	-11Cr
Interest And Investment Income	170.04Cr	234.53Cr	642.23Cr
Net Interest Expenses	168.61Cr	232.32Cr	630.98Cr
Currency Exchange Gains (Loss)	7.71Cr	359.52Cr	-295.39Cr
Other Non Operating Income (Expenses)	3.44Cr	-147.79Cr	71Cr
EBT, Excl. Unusual Items	1.49TCr	1.68TCr	1.11TCr
Gain (Loss) On Sale Of Investments	-37Cr	1.05Cr	1.65Cr
Gain (Loss) On Sale Of Assets	-2T	1.08Cr	-4.91Cr
EBT, Incl. Unusual Items	1.45TCr	1.69TCr	1.1TCr
Income Tax Expense	289.19Cr	365.13Cr	268.39Cr
Earnings From Continuing Operations	1.16TCr	1.32TCr	835.63Cr
Net Income to Company	1.16TCr	1.32TCr	835.63Cr
Net Income - (IS)	1.16TCr	1.32TCr	835.63Cr
Net Income to Common Incl Extra Items	1.16TCr	1.32TCr	835.63Cr
Net Income to Common Excl. Extra Items	1.16TCr	1.32TCr	835.63Cr
Per Share Items
Net EPS - Basic	472.42	488.87	214.61
Basic EPS - Continuing Operations	472.42	488.87	214.61
Basic Weighted Average Shares Outstanding	2.46Cr	2.7Cr	3.89Cr
Net EPS - Diluted	472.42	488.87	214
Diluted EPS - Continuing Operations	472.42	488.87	214
Diluted Weighted Average Shares Outstanding	2.46Cr	2.7Cr	3.9Cr
Normalized Basic EPS	378.28	389.54	177.74
Normalized Diluted EPS	378.28	389.54	177.49
Dividend Per Share	-	160	-
Payout Ratio	6.35	29.8	59.97
Supplemental Items
EBITDA	1.95TCr	2.12TCr	1.67TCr
EBITA	1.31TCr	1.25TCr	710.67Cr
EBIT	1.31TCr	1.24TCr	700.93Cr
EBITDAR	1.97TCr	2.14TCr	1.7TCr
Effective Tax Rate - (Ratio)	19.93	21.66	24.31
Normalized Net Income	930.29Cr	1.05TCr	692.05Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	99Cr	130.69Cr	242.44Cr
General and Administrative Expenses	13Cr	12Cr	16Cr
Net Rental Expense, Total	11Cr	11Cr	27Cr
Imputed Operating Lease Interest Expense	-	2.06Cr	1.27Cr
Imputed Operating Lease Depreciation	-	9.3Cr	26Cr

Fiscal Period: December	2023	2024	2025
Assets
Cash And Equivalents	3.42TCr	7.85TCr	7.36TCr
Short Term Investments	-310	96Cr	29TCr
Total Cash And Short Term Investments	3.42TCr	7.94TCr	36TCr
Accounts Receivable, Total	2.52TCr	7.35TCr	7.61TCr
Total Receivables	2.52TCr	7.35TCr	7.61TCr
Inventory	185.97Cr	162.35Cr	106.87Cr
Prepaid Expenses	259.53Cr	292.95Cr	174.11Cr
Other Current Assets, Total	289.61Cr	620.15Cr	2.49TCr
Total Current Assets	6.68TCr	16TCr	46TCr
Gross Property Plant And Equipment	19TCr	21TCr	28TCr
Accumulated Depreciation	-12TCr	-13TCr	-14TCr
Net Property Plant And Equipment	7.46TCr	7.86TCr	14TCr
Long-term Investments	43Cr	125.43Cr	12TCr
Goodwill	-	447.94Cr	447.94Cr
Other Intangibles, Total	49Cr	43Cr	33Cr
Accounts Receivable Long-Term	-110	-260	-40
Deferred Tax Assets Long-Term	136.68Cr	259.44Cr	144.72Cr
Deferred Charges Long-Term	-	20T	20T
Other Long-Term Assets, Total	307.45Cr	317.28Cr	1.18TCr
Total Assets	15TCr	25TCr	74TCr
Liabilities
Accounts Payable, Total	-	743.58Cr	1.91TCr
Accrued Expenses, Total	216.84Cr	256.97Cr	289.97Cr
Current Portion of Leases	20Cr	39Cr	70Cr
Current Income Taxes Payable	210.92Cr	311.69Cr	12Cr
Unearned Revenue Current, Total	-	574.34Cr	1.24TCr
Other Current Liabilities	1.94TCr	2.45TCr	2.93TCr
Total Current Liabilities	2.39TCr	4.37TCr	6.45TCr
Long-Term Debt	-	-	3.49TCr
Long-Term Leases	9.7Cr	126.38Cr	108.91Cr
Pension & Other Post Retirement Benefits	-	-	6.81Cr
Deferred Tax Liability Non Current	-	-	37Cr
Other Non Current Liabilities	11Cr	111.98Cr	999.9Cr
Total Liabilities	2.41TCr	4.61TCr	11TCr
Common Stock, Total	2.59TCr	3.27TCr	5.22TCr
Additional Paid In Capital	3.38TCr	10TCr	50TCr
Retained Earnings	6.47TCr	7.39TCr	7.66TCr
Treasury Stock	-181.91Cr	-181.91Cr	-181.91Cr
Comprehensive Income and Other	-140	80	600
Total Common Equity	12TCr	21TCr	63TCr
Total Equity	12TCr	21TCr	63TCr
Total Liabilities And Equity	15TCr	25TCr	74TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.46Cr	3.13Cr	5.09Cr
ECS Total Common Shares Outstanding	2.46Cr	3.13Cr	5.09Cr
Book Value / Share	4.99T	6.65T	12.34T
Tangible Book Value	12TCr	20TCr	62TCr
Tangible Book Value Per Share	4.97T	6.49T	12.25T
Total Debt	30Cr	165.19Cr	3.67TCr
Net Debt	-3.39TCr	-7.78TCr	-32TCr
Debt Equivalent Oper. Leases	90Cr	91Cr	216.61Cr
Inventories - Raw Materials, Total	185.97Cr	162.35Cr	106.87Cr
Inventories - Others	390	-420	410
Land - (BS)	606.2Cr	606.2Cr	606.2Cr
Buildings, Total	787.09Cr	967.75Cr	967.75Cr
Machinery, Total	17TCr	19TCr	19TCr
Accumulated Allowance for Doubtful Accounts (Supple)	146.02Cr	159.25Cr	57Cr

Fiscal Period: December	2023	2024	2025
Net Income	1.16TCr	1.32TCr	835.63Cr
Depreciation & Amortization - CF	642.36Cr	872.99Cr	958.12Cr
Amortization of Goodwill and Intangible Assets - (CF)	3.94Cr	13Cr	9.74Cr
Depreciation & Amortization, Total	646.3Cr	885.7Cr	967.86Cr
(Gain) Loss From Sale Of Asset	2T	-1.08Cr	4.91Cr
(Gain) Loss on Sale of Investments - (CF)	37Cr	-1.05Cr	-1.65Cr
Provision and Write-off of Bad Debts	119.06Cr	-173.72Cr	-47Cr
Other Operating Activities, Total	311.41Cr	-64Cr	-62Cr
Change In Accounts Receivable	-1.62TCr	-1.19TCr	-247.92Cr
Change In Inventories	-15Cr	24Cr	51Cr
Change In Accounts Payable	-	-917.13Cr	1.12TCr
Change in Unearned Revenues	-36Cr	-101.7Cr	665.4Cr
Change in Other Net Operating Assets	1.1TCr	-439.46Cr	-1.3TCr
Cash from Operations	1.7TCr	-662.1Cr	1.99TCr
Capital Expenditure	-5.36TCr	-862.6Cr	-7.65TCr
Sale of Property, Plant, and Equipment	-	4.11Cr	39.91L
Divestitures	-	2.86TCr	-
Sale (Purchase) of Intangible assets	-41Cr	-14Cr	-
Investment in Marketable and Equity Securities, Total	212.98Cr	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.43Cr	107.56Cr	-5.95Cr
Other Investing Activities, Total	-20	-239.63Cr	-40TCr
Cash from Investing	-5.19TCr	1.85TCr	-47TCr
Short Term Debt Issued, Total	-	205.5Cr	994.81Cr
Long-Term Debt Issued, Total	-	-	3.74TCr
Total Debt Issued	-	205.5Cr	4.73TCr
Short Term Debt Repaid, Total	-	-205.5Cr	-994.81Cr
Long-Term Debt Repaid, Total	-20Cr	-30Cr	-68Cr
Total Debt Repaid	-20Cr	-235.4Cr	-1.06TCr
Issuance of Common Stock	-	3.49TCr	42TCr
Common & Preferred Stock Dividends Paid	-74Cr	-393.48Cr	-501.17Cr
Common & Preferred Stock Dividends Paid	-74Cr	-393.48Cr	-501.17Cr
Other Financing Activities, Total	-	-	-10
Cash from Financing	-94Cr	3.07TCr	45TCr
Foreign Exchange Rate Adjustments	-4.87Cr	163.49Cr	-26Cr
Net Change in Cash	-3.58TCr	4.42TCr	-490.35Cr
Supplemental Items
Cash Interest Paid	1.43Cr	2.96Cr	14Cr
Cash Income Tax Paid (Refund)	24Cr	260.95Cr	360.91Cr
Levered Free Cash Flow	-	-2.43TCr	-6.16TCr
Unlevered Free Cash Flow	-	-2.43TCr	-6.15TCr
Change In Net Working Capital	-	3.21TCr	-93Cr
Net Debt Issued / Repaid	-20Cr	-30Cr	3.67TCr

Fiscal Period: December	2023	2024	2025
Profitability
Return on Assets	-	3.86	0.88
Return on Total Capital	-	4.66	1
Return On Equity %	-	7.98	2
Return on Common Equity	-	7.98	2
Margin Analysis
Gross Profit Margin %	28.27	12.9	6.6
SG&A Margin	7.74	4.36	3.62
EBITDA Margin %	27.62	16.31	6.83
EBITA Margin %	18.55	9.61	2.91
EBIT Margin %	18.49	9.51	2.87
Income From Continuing Operations Margin %	16.41	10.13	3.42
Net Income Margin %	16.41	10.13	3.42
Net Avail. For Common Margin %	16.41	10.13	3.42
Normalized Net Income Margin	13.14	8.08	2.83
Levered Free Cash Flow Margin	-	-18.64	-25.21
Unlevered Free Cash Flow Margin	-	-18.63	-25.18
Asset Turnover
Asset Turnover	-	0.65	0.49
Fixed Assets Turnover	-	1.7	2.21
Receivables Turnover (Average Receivables)	-	2.64	3.26
Inventory Turnover (Average Inventory)	-	65.15	169.44
Short Term Liquidity
Current Ratio	2.79	3.74	7.18
Quick Ratio	2.49	3.5	6.76
Operating Cash Flow to Current Liabilities	0.71	-0.15	0.31
Days Sales Outstanding (Average Receivables)	-	138.63	111.85
Days Outstanding Inventory (Average Inventory)	-	5.62	2.15
Average Days Payable Outstanding	-	-	21.27
Cash Conversion Cycle (Average Days)	-	-	92.72
Long Term Solvency
Total Debt/Equity	0.24	0.79	5.85
Total Debt / Total Capital	0.24	0.79	5.52
LT Debt/Equity	0.08	0.61	5.74
Long-Term Debt / Total Capital	0.08	0.6	5.42
Total Liabilities / Total Assets	16.42	18.14	15.01
EBIT / Interest Expense	916.58	560.88	62.35
EBITDA / Interest Expense	1.37T	961.74	148.43
(EBITDA - Capex) / Interest Expense	-2.39T	571.34	-531.93
Total Debt / EBITDA	0.02	0.08	2.2
Net Debt / EBITDA	-1.74	-3.66	-19.35
Total Debt / (EBITDA - Capex)	-0.01	0.13	-0.61
Net Debt / (EBITDA - Capex)	1	-6.16	5.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	84.06	87.45
Gross Profit, 1 Yr. Growth %	-	-15.98	-4.05
EBITDA, 1 Yr. Growth %	-	8.69	-21.47
EBITA, 1 Yr. Growth %	-	-4.62	-43.24
EBIT, 1 Yr. Growth %	-	-5.31	-43.44
Earnings From Cont. Operations, 1 Yr. Growth %	-	13.65	-36.71
Net Income, 1 Yr. Growth %	-	13.65	-36.71
Normalized Net Income, 1 Yr. Growth %	-	13.09	-34.22
Diluted EPS Before Extra, 1 Yr. Growth %	-	3.48	-56.24
Accounts Receivable, 1 Yr. Growth %	-	192.07	3.56
Inventory, 1 Yr. Growth %	-	-12.7	-34.18
Net Property, Plant and Equip., 1 Yr. Growth %	-	5.41	80.57
Total Assets, 1 Yr. Growth %	-	73.29	190.65
Tangible Book Value, 1 Yr. Growth %	-	66.41	206.65
Common Equity, 1 Yr. Growth %	-	69.74	201.73
Cash From Operations, 1 Yr. Growth %	-	-138.84	-401.08
Capital Expenditures, 1 Yr. Growth %	-	-83.92	786.75
Levered Free Cash Flow, 1 Yr. Growth %	-	-	153.58
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	153.43
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	85.75
Gross Profit, 2 Yr. CAGR %	-	-	-10.22
EBITDA, 2 Yr. CAGR %	-	-	-7.61
EBITA, 2 Yr. CAGR %	-	-	-26.42
EBIT, 2 Yr. CAGR %	-	-	-26.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-15.19
Net Income, 2 Yr. CAGR %	-	-	-15.19
Normalized Net Income, 2 Yr. CAGR %	-	-	-13.75
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-32.7
Accounts Receivable, 2 Yr. CAGR %	-	-	73.92
Inventory, 2 Yr. CAGR %	-	-	-24.19
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	37.96
Total Assets, 2 Yr. CAGR %	-	-	124.43
Tangible Book Value, 2 Yr. CAGR %	-	-	125.89
Common Equity, 2 Yr. CAGR %	-	-	126.31
Cash From Operations, 2 Yr. CAGR %	-	-	8.13
Capital Expenditures, 2 Yr. CAGR %	-	-	19.42