103590 KR · Iljin Electric Common StockMW GOBLIN RESEARCH
Iljin Electric: After Earnings Growth, Cash Collection Comes Next
Analysis date
Published
As of 2026-10-07, earnings growth centered on heavy electrical equipment is positive. However, at KRW 89,100, the stock trades at 30.2 times basic EPS for the latest 12 months, so high-margin orders must translate into deliveries and cash collection to support the price.
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Read the full reportWhat this report covers
- Heavy electrical equipment has become the center of earnings
- Working capital and investment spending constrain cash headroom
- UK order secured; confirm schedule for revenue recognition