Earnings quality
Compare earnings and operating cash flow for earnings quality.
Daewoo Engineering & Construction Co., Ltd.
Ticker 047040 · 🇰🇷 Korea · Consolidated K-IFRS · amounts in won
Filed 2025-03-31 · Period end 2024-12-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
operating margin is 3.8%; equity ratio is 34.2%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin3.8%
Equity ratio34.2%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Daewoo Engineering & Construction Co., Ltd. is a Korea-listed company with consolidated financial statements filed on DART (Open DART).
Compare trends
Tel 02-2288-3114 · As of filing date 2024-12-31
Financial statements
Income statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Revenue | ₩11.6T | ₩10.5T |
| Cost of sales* | ₩10.4T | ₩9.6T |
| Gross profit | ₩1.2T | ₩927.5B |
| Operating profit | ₩662.5B | ₩403.1B |
| Finance income | ₩136.4B | ₩103.6B |
| Finance costs | — | — |
| Income tax | ₩223.5B | ₩115.6B |
| Profit for the period | ₩521.5B | ₩242.8B |
| Profit to owners | ₩521.5B | ₩242.8B |
| Basic EPS | 1,245.00 | 570.00 |
Balance sheet
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Cash & equivalents | ₩981.6B | ₩1.2T |
| Current assets | ₩8.0T | ₩9.6T |
| Non-current assets | ₩3.2T | ₩3.1T |
| Total assets | ₩11.2T | ₩12.7T |
| Current liabilities | ₩5.0T | ₩4.5T |
| Short-term borrowings | — | — |
| Non-current liabilities* | ₩2.1T | ₩3.8T |
| Total liabilities | ₩7.2T | ₩8.3T |
| Owners’ equity | ₩4.1T | ₩4.3T |
| Total equity | ₩4.1T | ₩4.3T |
Cash flow statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Operating cash flow | -₩832.8B | -₩1.3T |
| Investing cash flow | ₩26.0B | ₩104.4B |
| Financing cash flow | ₩167.7B | ₩1.2T |
| Net change in cash | — | — |
| Cash at end of period | ₩981.6B | ₩1.2T |
Five-year trends
Key metrics
| Metric | Trend | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|
| Revenue | ₩8.1T | ₩8.7T | ₩10.4T | ₩11.6T | ₩10.5T | |
| Operating profit | ₩558.3B | ₩738.3B | ₩760.0B | ₩662.5B | ₩403.1B | |
| Profit to owners | ₩282.6B | ₩484.9B | ₩508.0B | ₩521.5B | ₩242.8B | |
| Total assets | ₩9.3T | ₩10.5T | ₩11.1T | ₩11.2T | ₩12.7T | |
| Cash & equivalents | ₩806.5B | ₩1.1T | ₩1.4T | ₩981.6B | ₩1.2T | |
| Owners’ equity | ₩2.7T | ₩3.2T | ₩3.7T | ₩4.1T | ₩4.3T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from ₩11.6T to ₩10.5T (▼ -9.8%). Operating profit went from ₩662.5B to ₩403.1B (▼ -39.2%).
Operating cash flow was -₩1.3T (prior -₩832.8B), with cash on the balance sheet at ₩1.2T versus ₩981.6B.
Liquidity & leverage
Watch short-term liabilities against the cash balance.
Capital buffer
Total equity moved from ₩4.1T to ₩4.3T.
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Source: DART 20250813000868
((주)대우건설), period end 2024-12-31.