차입 증가 → 이자부담 → 수익성 악화
Critical부채가 +98.9% 늘며 이자보상배율이 105.8x에서 43.8x로 하락했다. ROE도 17.4%에서 9.6%로 낮아져 차입 부담이 수익성을 누르고 있다.
Evidence
부채 YoY +98.9%이자보상배율 105.8x→43.8xROE 17.4%→9.6%
BBIA
A451250 · KOSDAQ₩7,100+3.80%
2026-08-03 closeBBIA — what's the grade? And what signals are flashing today?
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AI Insight
Why these signals fired — only backtest-proven edge, told honestly
Strong-buy signal — the real recordrecord · not a prediction
Not this one stock, but every strong-buy pick we actually published (Korea market). When this stock flashes the signal, it is treated by the same rule.(as of 2026-08-03)
Last 30 sessions
648 picks
Next-day win rate
49.2%
Avg next-day
-0.17%
vs market
+0.72%p
Beat the market on 62.1% of picks (each pick vs its own day’s market average).
Recent publish days (next-day win rate)
07-31 0%07-30 66.7%07-29 0%07-28 45%07-27 20%07-25 36.4%07-21 55.6%07-20 53.8%07-16 53.3%07-15 50%07-14 71.4%07-13 31.2%
This stock has not flashed this signal recently — the record above is the signal’s own, not this stock’s.
Entry is the latest close at publish time; next-day is the following close. “Market” is the equal-weighted average of every stock in the same market that day; delisted names are excluded from both. Fees, taxes and slippage are not included. An observed record over a short window, not a pre-registered backtest. Not investment advice.
Valuation Grades
Relative to 110 화학 peers · not investment advice
Annual dividend
Split-adjusted annual DPS history and available grade axes
Paid 1 consecutive years · Raised 0 consecutive years · Yield 2.11% (based on 2025 payment of 150원)
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'' 11.58
Distress
Grey
Safe
- Altman Z''
- 11.58
- Beneish M-Score
- -1.42
- Sloan accrual
- 1.50%
Statistical manipulation-risk signal
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.
운전자본 팽창 → 현금 고갈 → 유동성 위기
Warning순운전자본이 +126.9% 팽창하며 현금이 묶이고 있다. 영업CF/순이익 비율이 -25%로 이익 대비 현금 회수가 부족하고, 유동비율도 7.90에서 6.90로 하락했다.
Evidence
순운전자본 YoY +126.9%영업CF/순이익 -25%유동비율 7.90→6.90
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
2/9Weak
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score2/9
Profitability
- Positive ROAPass
- Positive OCFNot passed
- Improving ΔROANot passed
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtNot passed
- Higher current ratioNot passed
- 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.
Cash conversion cycleWarning
현금전환주기(CCC) 3기 연속 확대 — 운전자본 경색·현금 회수 지연 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Margin trendWarning
영업이익률 악화 (12.4% → 7.1%, -5.3%p). 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Margin trendWarning
영업외손익 급변 (영업이익 대비 159% 규모 변동) — 일회성 손익 주의. 통계적 정황 신호이며 회계부정 단정이 아닙니다.
Factual information, not investment advice.
Industry structure
KRAs of 2026-08-03화학
This stock is in 화학: revenue rank 89 of 109, share 0%.
89 / 1090%revenue share
Who dominates this industry?
- 1LG화학31.9%
- 2롯데케미칼13.3%
- 3금호석유화학4.7%
- 4DL3.7%
- 5코오롱인더3.2%
- 6삐아0%
Concentration
DistributedCR3 49.9%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
- 8.66
- Direction
- 확대
- Level
- 보통
- Years
- 6
Value lens
- P90/P10
- 9.3
- Median P/B
- 0.71
- Level
- 넓음
- n
- 98
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
- 7.1%
- Interest coverage
- 43.8x
- Return on equity (ROE)
- 1.4%
Operating margin −5pp
Severe margin pressureInterest coverageBase 43.8x adverse case 12.8x
Return on equity (ROE)Base 1.4% adverse case 2.6%
Revenue −15%
TolerableInterest coverageBase 43.8x adverse case 37.3x
Return on equity (ROE)Base 1.4% adverse case 8%
Interest rate +2pp
TolerableInterest coverageBase 43.8x adverse case 15.3x
Return on equity (ROE)Base 1.4% adverse case 9%
Interest coverage limit
Current margin 6.9ppInterest coverage limit at an operating margin of 0.2%
Interest expense coverage threshold
Key suppliers · Annual report
Annual reportDART · 2026-04-08Suppliers disclosed by the company in its 2026-04-08 annual report.
Suppliers without disclosed amount
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Financials at a glance
BBIA's latest results and balance sheet. The bars track the last three periods.
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
- 나우M&A투자펀드1호60.20%2025-08-25 · 증감 -3.10%p
Recent filings
BBIA's latest filings on Korea's DART. Open a headline for a reference summary and the original.
Source: DART (Korea electronic disclosure)
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