매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -25.3% 감소하며 영업이익률이 22.1%에서 13.6%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -25.3% (2023→2024)영업이익률 22.1%→13.6%영업CF 25,462→15,077
HC BoKwang Industry
225530 · KOSDAQ₩2,110-0.24%
2026-09-04 closeHC BoKwang Industry last closed at ₩2,110 (-0.24%) on 2026-09-04. Listed on KOSDAQ; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
303 picks
Next-day win rate
50.7%
Avg next-day
-0.11%
vs market
-0.49%p
Every new-high-plus-volume pick we actually published (Korea market) — not this stock alone.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
C
Overall: 건설,건축관련 87/118 · top 74%
Factor composite · relative position in sector
PER 14.64 · PBR 0.77 — own-history percentile 83/100 · 100/100
Open self-history band
PER83/100
PBR100/100
Factual information · not investment advice
Past reported results · not investment advice
More — deeper indicators
Annual dividend
Split-adjusted annual DPS history and available grade axes
Paid 10 consecutive years · Raised 0 consecutive years · Yield 7.11% (based on 2025 payment of 150원) · 3-year growth +0.0%
Per-share amount adjusted for splits and capital reductions · Factual information, not investment advice.
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 5.06
Distress
Grey
Safe
- Altman Z''
- 5.06
- Beneish M-Score
- -1.46
- Sloan accrual
- -5.49%
Statistical manipulation-risk signal
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
차입 증가 → 이자부담 → 수익성 악화
Critical부채가 +12.6% 늘며 이자보상배율이 12.6x에서 2.5x로 하락했다. ROE도 19.8%에서 8.7%로 낮아져 차입 부담이 수익성을 누르고 있다.
Evidence
부채 YoY +12.6%이자보상배율 12.6x→2.5xROE 19.8%→8.7%
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
5/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score5/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROANot passed
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtNot passed
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginNot passed
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Forensic signals
Anomaly and structural signals observed in the financial statements.
Margin trendWarning
영업이익률 악화 (22.1% → 13.6%, -8.5%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Industry structure
KRAs of 2026-09-05건설,건축관련
This stock is in 건설,건축관련: revenue rank 105 of 118, share 0%.
105 / 1180%revenue share
Who dominates this industry?
- 1현대건설20.1%
- 2GS건설7.9%
- 3대우건설6.5%
- 4삼성E&A6.1%
- 5DL이앤씨5.1%
- 6HC보광산업0%
Concentration
DistributedCR3 34.5%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
MixedConsistentPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 6.23
- Direction
- 확대
- Level
- 좁음
- Years
- 6
Value lens
- P90/P10
- 5
- Median P/B
- 0.53
- Level
- 보통
- n
- 113
Survivorship note: 현재 산업 멤버십을 과거 연도에 소급 적용 — 과거 진입·퇴출 기업 미반영(복원 불가)
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 13.6%
- Interest coverage
- 2.5x
- Return on equity (ROE)
- 5.3%
Operating margin −5pp
TolerableInterest coverageBase 2.5x adverse case 1.6x
Return on equity (ROE)Base 5.3% adverse case 2%
Revenue −15%
TolerableInterest coverageBase 2.5x adverse case 2.1x
Return on equity (ROE)Base 5.3% adverse case 3.9%
Interest rate +2pp
TolerableInterest coverageBase 2.5x adverse case 1.7x
Return on equity (ROE)Base 5.3% adverse case 3.6%
Interest coverage limit
Current margin 8.1ppInterest coverage limit at an operating margin of 5.5%
Interest expense coverage threshold
Key suppliers · Annual report
Annual reportDART · 2026-03-23Suppliers disclosed by the company in its 2026-03-23 annual report.
Suppliers without disclosed amount
에이치씨에너지에이치씨보광산업개발에이치씨씨엔엘외삼표기초소재에이치씨물류에이치씨홈센타레미콘
Who held it · filings
Filed recordA historical record from curated-guru 13F filings and DART 5%+ major-holding disclosures.
US 13F는 분기 공시이며 최대 45일 뒤 제출될 수 있습니다.
5%+ major-holding disclosures
- HC홈센타69.23%2026-08-05 · 증감 0.00%p
Recent filings
HC BoKwang Industry's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
About HC BoKwang Industry
- What technical signals does HC BoKwang Industry (225530) have?
- HC BoKwang Industry current technical signals: no active technical signal.
- Is HC BoKwang Industry a cup-and-handle pattern?
- No. HC BoKwang Industry has no valid cup-and-handle signal right now.
- What are HC BoKwang Industry's financials and valuation?
- HC BoKwang Industry's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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