Changhae Ethanol Co., Ltd. (KOSDAQ:004650)

South Korea · Delayed Price · Currency is KRW

9,410.00

-20.00 (-0.21%)

At close: Aug 11, 2026

Changhae Ethanol Financials Overview

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	120,633	122,344	137,452	116,423	109,430	96,991
Revenue Growth	-12.81%	-10.99%	18.06%	6.39%	12.83%	-15.41%
Gross Profit	27,277	27,115	27,543	24,120	18,168	23,527
Operating Income	16,017	15,895	17,381	14,585	9,767	14,906
Net Income	13,193	13,267	12,518	-3,840	77.56	9,842
Earnings Per Share	1739.23	1748.52	1650.00	-506.17	10.00	1297.00
EPS Growth	-0.56%	5.97%	-	-	-99.23%	-23.93%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	14,638	6,706	6,447	4,326	3,750	5,002
Total Debt	32,453	33,911	43,629	45,855	45,955	42,902
Net Cash (Debt)	-17,814	-27,204	-37,182	-41,529	-42,204	-37,900
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2348.53	-3585.50	-4901.12	-5473.43	-5562.46	-4995.13

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	21,895	20,336	15,221	8,191	3,116	12,773
Capital Expenditures	-5,652	-5,771	-4,866	-2,855	-1,625	-2,240
Free Cash Flow	16,243	14,565	10,355	5,337	1,491	10,533
Free Cash Flow Growth	43.47%	40.66%	94.03%	258.02%	-85.85%	3.85%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	22.61%	22.16%	20.04%	20.72%	16.60%	24.26%
Operating Margin	13.28%	12.99%	12.65%	12.53%	8.93%	15.37%
Pretax Margin	13.42%	13.08%	11.29%	-0.77%	2.51%	13.92%
Profit Margin	10.94%	10.84%	9.11%	-3.30%	0.07%	10.15%
FCF Margin	13.46%	11.91%	7.53%	4.58%	1.36%	10.86%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	5.41	5.62	5.45	-	1051.58	10.18
Forward PE	-	8.56	8.56	8.56	8.56	8.56
P/FCF Ratio	4.40	5.12	6.59	13.81	54.72	9.51
PS Ratio	0.59	0.61	0.50	0.63	0.75	1.03