매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -5.5% 감소하며 영업이익률이 1.2%에서 -9.6%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -5.5% (2023→2024)영업이익률 1.2%→-9.6%영업CF -7,292→-22,606
Kencoa Aerospace
274090 · KOSDAQ₩9,600+3.34%
2026-09-04 closeKencoa Aerospace last closed at ₩9,600 (+3.34%) 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.
Signal history
| Date | Signal | +20 trading days |
|---|---|---|
A record, not a prediction.
How this is calculated
"·" means fewer than 20 trading days have passed since the event. Cup-and-handle entries are days our board actually showed the badge (archive grows daily since 2026-05-12); others are recomputed from price data.
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
B
Overall: 상사,자본재 35/74 · top 47%
Factor composite · relative position in sector
PER — · PBR 0.69 — own-history percentile 39/100 · 100/100
Open self-history band
PER39/100
PBR100/100
Factual information · not investment advice
Past reported results · not investment advice
More — deeper indicators
Financial safety
Reference indicatorAs of 2024Safe zoneFinancial-metric reference signal
Altman Z'' zoneZ'' 4.58
Distress
Grey
Safe
- Altman Z''
- 4.58
- Beneish M-Score
- -1.62
- Sloan accrual
- 5.89%
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.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
3/9Weak
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score3/9
Profitability
- Positive ROANot passed
- Positive OCFNot passed
- Improving ΔROANot passed
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtPass
- 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.
Revenue qualityDanger
매출 흑자인데 영업CF 적자 (OCF/매출 -26%). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Cash conversion cycleWarning
현금전환주기(CCC) 3기 연속 확대 — 운전자본 경색·현금 회수 지연 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Margin trendWarning
영업이익률 악화 (1.2% → -9.6%, -10.8%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Margin trendWarning
영업외손익 급변 (영업이익 대비 42% 규모 변동) — 일회성 손익 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Industry structure
KRAs of 2026-09-05상사,자본재
This stock is in 상사,자본재: revenue rank 47 of 73, share 0%.
47 / 730%revenue share
Who dominates this industry?
- 1SK29.2%
- 2한화13%
- 3CJ10.2%
- 4삼성물산9.8%
- 5포스코인터내셔널7.6%
- 6켄코아에어로스페이스0%
Concentration
DistributedCR3 52.4%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
- 10.17
- Direction
- 확대
- Level
- 보통
- Years
- 6
Value lens
- P90/P10
- 11.5
- Median P/B
- 1.18
- Level
- 넓음
- n
- 58
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
- -9.6%
- Interest coverage
- -2.2x
- Return on equity (ROE)
- -4.2%
Operating margin −5pp
Operating lossInterest coverageBase -2.2x adverse case -3.4x
Return on equity (ROE)Base -4.2% adverse case -8.9%
Revenue −15%
Interest coverage riskInterest coverageBase -2.2x adverse case -1.9x
Return on equity (ROE)Base -4.2% adverse case -5.9%
Interest rate +2pp
Interest coverage riskInterest coverageBase -2.2x adverse case -1.6x
Return on equity (ROE)Base -4.2% adverse case -7.3%
Interest coverage limit
Already below the limit by 13.9ppInterest coverage limit at an operating margin of 4.3%
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
HardwareAIRBUS
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
- 케플러57.33%2025-04-18 · 증감 -0.49%p
Connections
AI-extracted related companies · for reference
Competitors
한화에어로스페이스Price comovement r=0.31 (1 year)LIG넥스원쎄트렉아이Price comovement r=0.52 (1 year)스피릿 에어로시스템즈스피리트 에어로시스템즈
Same theme
우주항공
Recent filings
Kencoa Aerospace's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
About Kencoa Aerospace
- What technical signals does Kencoa Aerospace (274090) have?
- Kencoa Aerospace current technical signals: no active technical signal.
- Is Kencoa Aerospace a cup-and-handle pattern?
- No. Kencoa Aerospace has no valid cup-and-handle signal right now.
- What are Kencoa Aerospace's financials and valuation?
- Kencoa Aerospace'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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