운전자본 팽창 → 현금 고갈 → 유동성 위기
Warning순운전자본이 +53.1% 팽창하며 현금이 묶이고 있다. 영업CF/순이익 비율이 44%로 이익 대비 현금 회수가 부족하고, 유동비율도 3.09에서 2.65로 하락했다.
Evidence
순운전자본 YoY +53.1%영업CF/순이익 44%유동비율 3.09→2.65
Rorze Systems
A071280 · KOSDAQ₩6,120+17.69%
2026-08-03 closeRorze Systems — pricey right now, or cheap? 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 124 반도체 peers · not investment advice
Valuation in its own history
PER 7.73 · PBR 0.77 — own history (2003-11~) percentiles 86/100 · 87/100
PER86/100
PBR87/100
Higher indicates lower valuation relative to its history (based on earnings and book yields).
Earnings percentiles can fluctuate for cyclical companies (including loss periods), so the book basis is shown alongside. Companies with large share buybacks can have structurally high PBR. Factual information, not investment advice.
Annual dividend
Split-adjusted annual DPS history and available grade axes
Paid 4 consecutive years · Raised 0 consecutive years · Yield 0.82% (based on 2025 payment of 50원) · 3-year growth +35.7%
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'' 8.84
Distress
Grey
Safe
- Altman Z''
- 8.84
- Beneish M-Score
- -1.42
- Sloan accrual
- 4.33%
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.
매출 성장 + 마진 확대 + FCF 양수
Positive매출이 +52.1% 성장하면서 영업이익률이 11.3%에서 12.4%로 확대되었다. FCF도 양수를 유지하여 질적 성장이 확인된다.
Evidence
매출 YoY +52.1%영업이익률 11.3%→12.4%FCF 11,886
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
6/9Moderate
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score6/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROAPass
- Accruals (OCF > net income)Not passed
Leverage & liquidity
- Lower debtNot passed
- Higher current ratioNot passed
- No new sharesPass
Efficiency
- Higher gross marginPass
- Higher asset turnoverPass
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.
Industry structure
KRAs of 2026-08-03반도체
This stock is in 반도체: revenue rank 61 of 124, share 0%.
61 / 1240%revenue share
Who dominates this industry?
- 1삼성전자75.6%
- 2SK하이닉스16.6%
- 3SK스퀘어0.5%
- 4동진쎄미켐0.4%
- 5하나마이크론0.3%
- 6로체시스템즈0%
Concentration
ConcentratedCR3 92.7%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
Winner-take-all deepeningConsistentPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 16.96
- Direction
- 확대
- Level
- 넓음
- Years
- 6
Value lens
- P90/P10
- 10
- Median P/B
- 1.79
- Level
- 넓음
- n
- 123
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
- 12.4%
- Interest coverage
- 488.3x
- Return on equity (ROE)
- 9.9%
Operating margin −5pp
TolerableInterest coverageBase 488.3x adverse case 290.7x
Return on equity (ROE)Base 9.9% adverse case 9.6%
Revenue −15%
TolerableInterest coverageBase 488.3x adverse case 415.1x
Return on equity (ROE)Base 9.9% adverse case 13.7%
Interest rate +2pp
TolerableInterest coverageBase 488.3x adverse case 26.6x
Return on equity (ROE)Base 9.9% adverse case 15.6%
Interest coverage limit
Current margin 12.3ppInterest coverage limit at an operating margin of 0%
Interest expense coverage threshold
Key suppliers · Annual report
Annual reportDART · 2026-03-17Suppliers disclosed by the company in its 2026-03-17 annual report.
Purchase amount
KRW 100m- CORPORATIONKRW 7,206.5T
- RORZEKRW 7,206.5T
Financials at a glance
Rorze Systems's latest results and balance sheet. The bars track the last three periods.
Connections
AI-extracted related companies · for reference
Suppliers
Customers
Competitors
Same theme
Future ThemeAI Semiconductor Capex
Recent filings
Rorze Systems'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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