Income Statement ESTec Corporation

Stocks

A069510

KR7069510006

Auto, Truck & Motorcycle Parts

End-of-day quote Korea S.E. 20/08/2026			5-day change	1st Jan Change
12,840.00 ^KRW	-0.77%		+2.56%	-11.87%

05-15	ESTec Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-16	ESTec Corporation Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: ESTEC CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	331B	468B	415B	509B	468B
Other Revenues, Total	-	-10	-	-	-10
Total Revenues	331B	468B	415B	509B	468B
Cost of Goods Sold, Total	320B	426B	353B	414B	385B
Gross Profit	10.33B	42.84B	62.05B	95.63B	83.35B
Selling General & Admin Expenses, Total	54.87B	31.87B	34.13B	48.78B	37.79B
Provision for Bad Debts	-9.82M	-	10.9M	53.38M	14.03M
R&D Expenses	740M	1.28B	2.24B	1.39B	1.31B
Depreciation & Amortization - (IS)	514M	479M	521M	563M	572M
Amortization of Goodwill and Intangible Assets - (IS)	38.52M	48.46M	32.32M	77.41M	78.88M
Other Operating Expenses	105M	444M	572M	805M	-2.26B
Other Operating Expenses, Total	56.26B	34.12B	37.5B	51.68B	37.51B
Operating Income	-45.93B	8.72B	24.55B	43.96B	45.84B
Interest Expense, Total	-285M	-1.29B	-1.64B	-1.35B	-751M
Interest And Investment Income	617M	542M	886M	1.41B	1.84B
Net Interest Expenses	332M	-752M	-752M	59.02M	1.09B
Currency Exchange Gains (Loss)	2.76B	4.26B	2.65B	9.97B	2.91B
Other Non Operating Income (Expenses)	2.79B	1.37B	1.33B	3.29B	2.95B
EBT, Excl. Unusual Items	-40.04B	13.59B	27.78B	57.27B	52.78B
Gain (Loss) On Sale Of Assets	182M	300M	186M	-937M	-33.7M
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	-39.86B	13.89B	27.97B	56.33B	52.75B
Income Tax Expense	-5.02B	4.36B	6.31B	10.06B	11.13B
Earnings From Continuing Operations	-34.84B	9.54B	21.66B	46.27B	41.62B
Net Income to Company	-34.84B	9.54B	21.66B	46.27B	41.62B
Net Income - (IS)	-34.84B	9.54B	21.66B	46.27B	41.62B
Net Income to Common Incl Extra Items	-34.84B	9.54B	21.66B	46.27B	41.62B
Net Income to Common Excl. Extra Items	-34.84B	9.54B	21.66B	46.27B	41.62B
Per Share Items
Net EPS - Basic	-4.14K	1.13K	2.58K	5.5K	4.95K
Basic EPS - Continuing Operations	-4.14K	1.13K	2.58K	5.5K	4.95K
Basic Weighted Average Shares Outstanding	8.41M	8.41M	8.41M	8.41M	8.41M
Net EPS - Diluted	-4.14K	1.13K	2.58K	5.5K	4.95K
Diluted EPS - Continuing Operations	-4.14K	1.13K	2.58K	5.5K	4.95K
Diluted Weighted Average Shares Outstanding	8.41M	8.41M	8.41M	8.41M	8.41M
Normalized Basic EPS	-2.98K	1.01K	2.06K	4.26K	3.92K
Normalized Diluted EPS	-2.98K	1.01K	2.06K	4.26K	3.92K
Dividend Per Share	-	300	500	850	-
Payout Ratio	-9.66	-	11.65	9.09	17.17
Supplemental Items
EBITDA	-36.69B	18.34B	33.22B	52.29B	54.42B
EBITA	-45.7B	8.91B	24.74B	44.22B	46.11B
EBIT	-45.93B	8.72B	24.55B	43.96B	45.84B
EBITDAR	-36.32B	18.62B	33.49B	52.6B	54.76B
Effective Tax Rate - (Ratio)	12.6	31.37	22.56	17.87	21.09
Normalized Net Income	-25.02B	8.5B	17.36B	35.79B	32.99B
Supplemental Operating Expense Items
Advertising Expense	118M	141M	273M	123M	62.91M
Selling and Marketing Expenses	42.17B	16.41B	15.6B	26.13B	13.74B
General and Administrative Expenses	146M	189M	208M	254M	319M
Research And Development Expense From Footnotes	740M	1.28B	2.24B	1.39B	1.31B
Net Rental Expense, Total	367M	272M	270M	311M	339M
Imputed Operating Lease Interest Expense	33.17M	69.32M	108M	162M	133M
Imputed Operating Lease Depreciation	334M	203M	162M	149M	206M
Maintenance & Repair Expenses, Total	109M	138M	179M	155M	148M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	17.27B	50.77B	56.83B	101B	121B
Short Term Investments	24.11B	-	5.89B	6.8B	3.9B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	41.38B	50.77B	62.72B	108B	125B
Accounts Receivable, Total	65.85B	74.48B	80.26B	135B	82.98B
Other Receivables	7.33B	6.55B	12.68B	17.84B	12.41B
Total Receivables	73.17B	81.02B	92.94B	153B	95.39B
Inventory	79.79B	71.42B	57.89B	75.88B	71.19B
Prepaid Expenses	672M	925M	1.33B	1.58B	2.19B
Other Current Assets, Total	2.5B	1.15B	2.73B	1.51B	1.54B
Total Current Assets	198B	205B	218B	340B	295B
Gross Property Plant And Equipment	116B	113B	109B	115B	118B
Accumulated Depreciation	-76.04B	-78.39B	-71.35B	-76.46B	-78.24B
Net Property Plant And Equipment	40.12B	34.5B	37.94B	38.76B	39.68B
Long-term Investments	4.26M	4.52M	4.59M	5.16M	5.05M
Other Intangibles, Total	1.89B	1.76B	1.85B	2.15B	2.14B
Loans Receivable Long-Term	101M	65.94M	244M	264M	164M
Deferred Tax Assets Long-Term	5.63B	4.71B	1.53B	677M	407M
Other Long-Term Assets, Total	4.29B	8.09B	8.58B	6.35B	8.01B
Total Assets	250B	254B	268B	388B	345B
Liabilities
Accounts Payable, Total	51.94B	45.99B	62.52B	128B	61.88B
Accrued Expenses, Total	14.21B	11.12B	11.37B	16.15B	14.87B
Short-term Borrowings	36.68B	41.46B	20.8B	17.47B	10.48B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	483M	263M	623M	685M	358M
Current Income Taxes Payable	636M	3.82B	565M	3.53B	3.35B
Other Current Liabilities	14.86B	7.59B	9.89B	12.78B	12.64B
Total Current Liabilities	119B	110B	106B	178B	104B
Long-Term Leases	1.3B	1.1B	1.31B	784M	857M
Pension & Other Post Retirement Benefits	799M	822M	841M	1.06B	806M
Deferred Tax Liability Non Current	-	-	-	-	1.19B
Other Non Current Liabilities	1.75B	2.77B	4.07B	4.27B	3.85B
Total Liabilities	123B	115B	112B	184B	110B
Common Stock, Total	5.46B	5.46B	5.46B	5.46B	5.46B
Additional Paid In Capital	9.26B	9.26B	9.26B	9.26B	9.26B
Retained Earnings	126B	139B	156B	196B	231B
Treasury Stock	-13.35B	-13.35B	-13.35B	-13.35B	-13.35B
Comprehensive Income and Other	-949M	-381M	-1.52B	6.19B	2.85B
Total Common Equity	127B	139B	156B	204B	235B
Total Equity	127B	139B	156B	204B	235B
Total Liabilities And Equity	250B	254B	268B	388B	345B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.41M	8.41M	8.41M	8.41M	8.41M
ECS Total Common Shares Outstanding	8.41M	8.41M	8.41M	8.41M	8.41M
Book Value / Share	15.09K	16.59K	18.52K	24.2K	27.94K
Tangible Book Value	125B	138B	154B	201B	233B
Tangible Book Value Per Share	14.86K	16.38K	18.3K	23.94K	27.69K
Total Debt	38.46B	42.83B	22.74B	18.94B	11.7B
Net Debt	-2.92B	-7.94B	-39.98B	-89B	-113B
Debt Equivalent Oper. Leases	2.94B	2.18B	2.16B	2.49B	2.71B
Inventories - Raw Materials, Total	33.61B	18.63B	13.74B	13.43B	18.42B
Inventories - Work In Process, Total	6.95B	6.2B	4.52B	4.46B	3.97B
Inventories - Finished Goods, Total	42.41B	49.09B	40.06B	60.94B	51.39B
Inventories - Others	660	-650	270	-170	-370
Land - (BS)	4.45B	4.3B	4.3B	4.3B	4.3B
Buildings, Total	17.41B	18.29B	18.66B	20.11B	19.5B
Machinery, Total	80.2B	78.07B	72.36B	76.61B	78.69B
Accumulated Allowance for Doubtful Accounts (Supple)	11.83M	-	10.9M	38.24M	74.14M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-34.84B	9.54B	21.66B	46.27B	41.62B
Depreciation & Amortization - CF	9.01B	9.43B	8.47B	8.06B	8.31B
Amortization of Goodwill and Intangible Assets - (CF)	228M	190M	187M	267M	277M
Depreciation & Amortization, Total	9.24B	9.62B	8.66B	8.33B	8.59B
(Gain) Loss From Sale Of Asset	-561M	-300M	-187M	937M	33.7M
Provision and Write-off of Bad Debts	-9.82M	-	10.9M	27.33M	14.03M
Other Operating Activities, Total	-4.95B	9.68B	2.04B	6.21B	2.28B
Change In Accounts Receivable	-8.61B	1.97B	-9.78B	-32.19B	54.99B
Change In Inventories	-24.98B	10.2B	13.32B	-13.7B	1.8B
Change In Accounts Payable	9.76B	-20.03B	16.12B	40.92B	-66.4B
Change in Other Net Operating Assets	8.5B	-11.65B	-4.12B	1.26B	-839M
Cash from Operations	-46.46B	9.04B	47.73B	58.06B	42.08B
Capital Expenditure	-10.36B	-5.93B	-12.47B	-9.28B	-10.8B
Sale of Property, Plant, and Equipment	2.76B	3.36B	2.12B	1.53B	765M
Sale (Purchase) of Intangible assets	-243M	-67.01M	-298M	-532M	-241M
Investment in Marketable and Equity Securities, Total	-16.96B	24.15B	-5.6B	-748M	3B
Other Investing Activities, Total	-345M	-355M	-683M	-117M	-490K
Cash from Investing	-25.16B	21.16B	-16.93B	-9.15B	-7.27B
Short Term Debt Issued, Total	124B	326B	135B	6.83B	2.98B
Total Debt Issued	124B	326B	135B	6.83B	2.98B
Short Term Debt Repaid, Total	-99.72B	-321B	-156B	-11.84B	-9.02B
Long-Term Debt Repaid, Total	-529M	-524M	-714M	-659M	-644M
Total Debt Repaid	-100B	-322B	-157B	-12.5B	-9.66B
Common & Preferred Stock Dividends Paid	-3.36B	-	-2.52B	-4.2B	-7.15B
Common & Preferred Stock Dividends Paid	-3.36B	-	-2.52B	-4.2B	-7.15B
Other Financing Activities, Total	0	-10	0	-10	10
Cash from Financing	20.16B	4.37B	-24.4B	-9.87B	-13.84B
Foreign Exchange Rate Adjustments	935M	-1.06B	-349M	5.26B	-1.45B
Net Change in Cash	-50.52B	33.51B	6.05B	44.3B	19.52B
Supplemental Items
Cash Interest Paid	285M	1.29B	1.64B	1.35B	751M
Cash Income Tax Paid (Refund)	2.79B	-634M	7.06B	5.18B	10.01B
Levered Free Cash Flow	-50.45B	-3.24B	25.67B	23.59B	19.81B
Unlevered Free Cash Flow	-50.28B	-2.43B	26.69B	24.44B	20.28B
Change In Net Working Capital	20.21B	11.51B	-15.45B	1.55B	5.91B
Net Debt Issued / Repaid	23.52B	4.37B	-21.88B	-5.67B	-6.69B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-12.1	2.16	5.88	8.38	7.81
Return on Total Capital	-17.17	3.14	8.51	13.7	12.21
Return On Equity %	-24.54	7.16	14.67	25.76	18.98
Return on Common Equity	-24.54	7.16	14.67	25.76	18.98
Margin Analysis
Gross Profit Margin %	3.12	9.15	14.97	18.77	17.8
SG&A Margin	16.59	6.8	8.23	9.58	8.07
EBITDA Margin %	-11.1	3.92	8.01	10.26	11.62
EBITA Margin %	-13.82	1.9	5.97	8.68	9.85
EBIT Margin %	-13.89	1.86	5.92	8.63	9.79
Income From Continuing Operations Margin %	-10.54	2.04	5.22	9.08	8.89
Net Income Margin %	-10.54	2.04	5.22	9.08	8.89
Net Avail. For Common Margin %	-10.54	2.04	5.22	9.08	8.89
Normalized Net Income Margin	-7.57	1.81	4.19	7.03	7.05
Levered Free Cash Flow Margin	-15.26	-0.69	6.19	4.63	4.23
Unlevered Free Cash Flow Margin	-15.2	-0.52	6.44	4.8	4.33
Asset Turnover
Asset Turnover	1.39	1.86	1.59	1.55	1.28
Fixed Assets Turnover	8.52	12.55	11.45	13.28	11.94
Receivables Turnover (Average Receivables)	5.66	6.68	5.36	4.73	4.3
Inventory Turnover (Average Inventory)	4.95	5.63	5.45	6.19	5.23
Short Term Liquidity
Current Ratio	1.66	1.86	2.06	1.91	2.85
Quick Ratio	0.96	1.2	1.47	1.46	2.12
Operating Cash Flow to Current Liabilities	-0.39	0.08	0.45	0.33	0.41
Days Sales Outstanding (Average Receivables)	64.49	54.67	68.11	77.34	84.97
Days Outstanding Inventory (Average Inventory)	73.69	64.84	66.94	59.17	69.74
Average Days Payable Outstanding	46.18	42.83	58.41	80.63	91.01
Cash Conversion Cycle (Average Days)	92.01	76.67	76.64	55.88	63.7
Long Term Solvency
Total Debt/Equity	30.31	30.7	14.6	9.31	4.98
Total Debt / Total Capital	23.26	23.49	12.74	8.51	4.74
LT Debt/Equity	1.02	0.79	0.84	0.39	0.36
Long-Term Debt / Total Capital	0.79	0.6	0.74	0.35	0.35
Total Liabilities / Total Assets	49.15	45.18	41.83	47.54	31.94
EBIT / Interest Expense	-161.23	6.74	15	32.44	61.03
EBITDA / Interest Expense	-128.78	14.18	20.29	38.59	72.46
(EBITDA - Capex) / Interest Expense	-165.16	9.6	12.67	31.74	58.08
Total Debt / EBITDA	-1.05	2.33	0.68	0.36	0.21
Net Debt / EBITDA	0.08	-0.43	-1.2	-1.7	-2.07
Total Debt / (EBITDA - Capex)	-0.82	3.45	1.1	0.44	0.27
Net Debt / (EBITDA - Capex)	0.06	-0.64	-1.93	-2.07	-2.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.81	41.67	-11.5	22.86	-8.08
Gross Profit, 1 Yr. Growth %	-75.06	314.71	44.85	54.11	-3.54
EBITDA, 1 Yr. Growth %	-265.25	-150	81.06	57.41	4.09
EBITA, 1 Yr. Growth %	-437.22	-119.5	177.61	78.74	4.28
EBIT, 1 Yr. Growth %	-444.7	-118.99	181.52	79.01	4.28
Earnings From Cont. Operations, 1 Yr. Growth %	-385.79	-127.37	127.13	113.61	-10.04
Net Income, 1 Yr. Growth %	-385.79	-127.37	127.13	113.61	-10.04
Normalized Net Income, 1 Yr. Growth %	-367.82	-133.95	104.36	106.13	-7.83
Diluted EPS Before Extra, 1 Yr. Growth %	-385.79	-127.37	127.13	113.61	-10.03
Accounts Receivable, 1 Yr. Growth %	29.1	13.11	7.77	68.21	-38.54
Inventory, 1 Yr. Growth %	61	-10.49	-18.95	31.09	-6.19
Net Property, Plant and Equip., 1 Yr. Growth %	6.87	-14	9.96	2.15	2.39
Total Assets, 1 Yr. Growth %	10.97	1.96	5.24	44.88	-11
Tangible Book Value, 1 Yr. Growth %	-19.42	10.18	11.76	30.82	15.64
Common Equity, 1 Yr. Growth %	-19.18	9.93	11.68	30.64	15.47
Cash From Operations, 1 Yr. Growth %	-415.75	-119.46	428	21.66	-27.53
Capital Expenditures, 1 Yr. Growth %	8.32	-42.82	110.4	-25.55	16.35
Levered Free Cash Flow, 1 Yr. Growth %	-1.16K	-93.59	-893.08	-9.64	-16.02
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.13K	-95.17	-1.2K	-9.93	-17.01
Dividend Per Share, 1 Yr. Growth %	-	-	66.67	70	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.09	22.44	11.98	4.28	6.27
Gross Profit, 2 Yr. CAGR %	-53	1.7	145.09	49.41	15.89
EBITDA, 2 Yr. CAGR %	18.22	-9.1	-4.85	68.82	28
EBITA, 2 Yr. CAGR %	60.57	-18.9	-26.42	122.76	36.52
EBIT, 2 Yr. CAGR %	62.09	-19.09	-26.88	124.49	36.63
Earnings From Cont. Operations, 2 Yr. CAGR %	42.32	-11.55	-21.15	120.26	38.62
Net Income, 2 Yr. CAGR %	42.32	-11.55	-21.15	120.26	38.62
Normalized Net Income, 2 Yr. CAGR %	40.22	-4.64	-16.7	105.25	37.84
Diluted EPS Before Extra, 2 Yr. CAGR %	42.32	-11.55	-21.15	120.26	38.62
Accounts Receivable, 2 Yr. CAGR %	13.41	20.84	10.41	34.64	1.68
Inventory, 2 Yr. CAGR %	41.98	20.05	-14.82	3.08	10.89
Net Property, Plant and Equip., 2 Yr. CAGR %	2.49	-4.13	-2.75	5.98	2.27
Total Assets, 2 Yr. CAGR %	8.01	6.37	3.59	23.48	13.55
Tangible Book Value, 2 Yr. CAGR %	-9.3	-5.78	10.97	20.92	22.99
Common Equity, 2 Yr. CAGR %	-9.22	-5.74	10.8	20.79	22.82
Cash From Operations, 2 Yr. CAGR %	41.46	-21.62	1.36	153.44	-6.1
Capital Expenditures, 2 Yr. CAGR %	0.34	-21.3	9.69	25.15	-6.93
Levered Free Cash Flow, 2 Yr. CAGR %	168.54	-17.55	-28.67	169.99	-12.89
Unlevered Free Cash Flow, 2 Yr. CAGR %	163.95	-29.5	-27.14	217.26	-13.54
Dividend Per Share, 2 Yr. CAGR %	-	-13.4	-	68.33	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.57	11.5	9.88	15.49	-0.02
Gross Profit, 3 Yr. CAGR %	-39.58	-2.88	14.42	109.97	24.84
EBITDA, 3 Yr. CAGR %	12.72	-11.26	14.37	12.54	43.69
EBITA, 3 Yr. CAGR %	35.55	-20.48	22.22	-1.09	72.96
EBIT, 3 Yr. CAGR %	36.57	-20.68	22.6	-1.45	73.86
Earnings From Cont. Operations, 3 Yr. CAGR %	20.41	-17.85	21.12	9.92	63.42
Net Income, 3 Yr. CAGR %	20.41	-17.85	21.12	9.92	63.42
Normalized Net Income, 3 Yr. CAGR %	22.45	-12.6	22.94	12.67	57.17
Diluted EPS Before Extra, 3 Yr. CAGR %	20.41	-17.85	21.12	9.92	63.42
Accounts Receivable, 3 Yr. CAGR %	9.34	13.31	16.32	27.04	3.67
Inventory, 3 Yr. CAGR %	30.35	21.74	5.32	-1.66	-0.11
Net Property, Plant and Equip., 3 Yr. CAGR %	6.97	-3.33	0.35	-1.15	4.77
Total Assets, 3 Yr. CAGR %	8.54	5.95	5.99	15.84	10.71
Tangible Book Value, 3 Yr. CAGR %	-2.99	-3.23	-0.26	17.22	19.13
Common Equity, 3 Yr. CAGR %	-2.98	-3.24	-0.26	17.05	18.99
Cash From Operations, 3 Yr. CAGR %	24.9	-26.98	48.03	7.72	66.97
Capital Expenditures, 3 Yr. CAGR %	7.7	-16.81	9.23	-3.61	22.15
Levered Free Cash Flow, 3 Yr. CAGR %	89.23	-22.66	75.35	-22.38	82.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	86.81	-30.45	76.14	-21.37	102.91
Dividend Per Share, 3 Yr. CAGR %	-	-20.63	7.72	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.62	9.29	6.23	8.55	8.42
Gross Profit, 5 Yr. CAGR %	-25.53	-0.83	5.78	15.38	15.01
EBITDA, 5 Yr. CAGR %	8.19	-5.27	5.33	14.78	19.64
EBITA, 5 Yr. CAGR %	21.13	-11.45	6.16	20.06	27.75
EBIT, 5 Yr. CAGR %	21.65	-11.45	6.37	20.25	28.03
Earnings From Cont. Operations, 5 Yr. CAGR %	18.76	-0.76	1.65	21.89	27.84
Net Income, 5 Yr. CAGR %	18.76	-0.76	1.65	21.89	27.84
Normalized Net Income, 5 Yr. CAGR %	14.53	-2.65	4.96	22.97	28.7
Diluted EPS Before Extra, 5 Yr. CAGR %	18.75	-0.76	1.65	21.89	27.84
Accounts Receivable, 5 Yr. CAGR %	5.52	8.81	9.77	21.4	10.22
Inventory, 5 Yr. CAGR %	19.13	16.9	9.95	13.9	7.51
Net Property, Plant and Equip., 5 Yr. CAGR %	3.32	0.92	2.97	0.29	1.11
Total Assets, 5 Yr. CAGR %	5.46	6.65	6.53	12.64	8.95
Tangible Book Value, 5 Yr. CAGR %	0.47	2.42	2.37	5.79	8.46
Common Equity, 5 Yr. CAGR %	0.44	2.31	2.31	5.73	8.4
Cash From Operations, 5 Yr. CAGR %	14.32	-6.85	14.89	20.12	23.39
Capital Expenditures, 5 Yr. CAGR %	0.24	-9.01	8.49	-2.05	2.45
Levered Free Cash Flow, 5 Yr. CAGR %	39.27	0.5	28.08	27.52	33
Unlevered Free Cash Flow, 5 Yr. CAGR %	38.64	-6.17	28.19	27.63	32.94
Dividend Per Share, 5 Yr. CAGR %	-	-	0	7.21	-