매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -13.4% 감소하며 영업이익률이 12.5%에서 9.3%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -13.4% (2023→2024)영업이익률 12.5%→9.3%영업CF 73,418→41,056
Daechang Forging
015230 · KOSPI₩6,520+0.31%
2026-09-04 closeDaechang Forging last closed at ₩6,520 (+0.31%) on 2026-09-04. Signals today: MACD bullish cross. Listed on KOSPI; price, financials and dividends update daily after market close.
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Strong RS 71 · top 29%
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
A+
Overall: 기계 4/115 · top 3%
Factor composite · relative position in sector
PER 5.55 · PBR 0.62 — own-history percentile 59/100 · 66/100
Open self-history band
PER59/100
PBR66/100
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 21 consecutive years · Raised 0 consecutive years · Yield 2.45% (based on 2025 payment of 160원) · 3-year growth +5.8%
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'' 11.01
Distress
Grey
Safe
- Altman Z''
- 11.01
- Beneish M-Score
- -2.55
- Sloan accrual
- -2.01%
No statistical flag
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 +6.8% 늘며 이자보상배율이 259.8x에서 92.6x로 하락했다. ROE도 17.4%에서 10.0%로 낮아져 차입 부담이 수익성을 누르고 있다.
Evidence
부채 YoY +6.8%이자보상배율 259.8x→92.6xROE 17.4%→10.0%
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
6/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score6/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROANot passed
- Accruals (OCF > net income)Pass
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.
Margin trendWarning
영업외손익 급변 (영업이익 대비 53% 규모 변동) — 일회성 손익 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Industry structure
KRAs of 2026-09-05기계
This stock is in 기계: revenue rank 28 of 114, share 0.3%.
28 / 1140.3%revenue share
Who dominates this industry?
- 1LS28.3%
- 2두산에너빌리티16.7%
- 3효성중공업5%
- 4LS ELECTRIC4.7%
- 5현대로템4.5%
- 6대창단조0.3%
Concentration
DistributedCR3 50.1%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
- 11.8
- Direction
- 확대
- Level
- 보통
- Years
- 7
Value lens
- P90/P10
- 19.1
- Median P/B
- 1.14
- Level
- 넓음
- n
- 103
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
- 9.3%
- Interest coverage
- 92.6x
- Return on equity (ROE)
- 11.2%
Operating margin −5pp
Severe margin pressureInterest coverageBase 92.6x adverse case 43x
Return on equity (ROE)Base 11.2% adverse case 4.6%
Revenue −15%
TolerableInterest coverageBase 92.6x adverse case 78.7x
Return on equity (ROE)Base 11.2% adverse case 8.4%
Interest rate +2pp
TolerableInterest coverageBase 92.6x adverse case 16.9x
Return on equity (ROE)Base 11.2% adverse case 9.4%
Interest coverage limit
Current margin 9.2ppInterest coverage limit at an operating margin of 0.1%
Interest expense coverage threshold
Key suppliers · Annual report
Annual reportDART · 2026-03-19Suppliers disclosed by the company in its 2026-03-19 annual report.
Suppliers without disclosed amount
SHOE
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
- 박권일48.32%2026-07-14 · 증감 +48.32%p
- 박안식48.32%2026-07-14 · 증감 +0.37%p
- 국민연금공단5.20%2026-04-01 · 증감 +0.26%p
Connections
AI-extracted related companies · for reference
Suppliers
Customers
Competitors
Sany Heavy IndustryZoomlion Heavy Industry
Recent filings
Daechang Forging's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
About Daechang Forging
- What technical signals does Daechang Forging (015230) have?
- Daechang Forging current technical signals: no active technical signal.
- Is Daechang Forging a cup-and-handle pattern?
- No. Daechang Forging has no valid cup-and-handle signal right now.
- What are Daechang Forging's financials and valuation?
- Daechang Forging'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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