950220.KQ (950220.KQ) Stock Analysis
Verdict: AVOID
Severe cash burn (~32B KRW/yr) against 38.8B KRW in cash creates urgent dilution risk before NT-I7 clinical trials yield commercial revenue.
Investment score: 29/100
The model assigns an AVOID rating due to extreme cash burn (-32.2B KRW FCF in 2025) relative to cash balance (38.8B KRW), implying urgent dilution risk within 15 months despite low P/B valuation.