Miwon Commercial Co Ltd

Chart & Performance

D1W1MN

P/E

14.60

P/S

2.11

EPS

13,138.07

Div Yield, %

0.81%

Shrs. gr., 5y

-31.89%

Rev. gr., 5y

5.10%

Revenues

421.37b

-3.84%

Net income

61.02b

-15.51%

CFO

97.57b

+37.84%

Dividend

Jun 27, 2024500 KRW/sh

Earnings

Mar 17, 2025

Profile

Miwon Commercial Co., Ltd. manufactures and markets various chemical products in South Korea and internationally. The company offers personal care ingredients, including anionic, cationic, nonionic, and amphoteric surfactants; hair fixative and conditioning polymers; styling resins; household surfactants, plasticizers, and UV stabilizers; and cosmeceutical active ingredients. It also provides electronic chemicals, such as photo active compounds for micro-patterning of semiconductor circuits and thin film transistors in LCDs; polymer acryl binders and novolak resins for use in LCD and plasma displays, and positive photoresist for LCDs and semiconductors; and functional chemicals and additives for use in positive and negative photoresist for LCD, as well as in process chemicals, such as strippers. In addition, the company offers functional resins used as raw materials for PCBs, components of electronic equipment, materials for high-functional polycarbonate, and high refractive monomers used in manufacturing optical films for displays. Further, it provides antioxidants, including amine, phenol, phosphorus, and sulfur, as well as UV stabilizers that include benzophenone, benzotriazole, nickel quenchers, and HALS; and thiourethane lens monomers. Miwon Commercial Co., Ltd. was founded in 1959 and is headquartered in Anyang, South Korea.

URL

http://www.mwc.co.kr/

IPO date

Sep 25, 1989

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title KRW in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title KRW in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	421,367,351 -3.84%	438,188,004 21.79%	359,794,983 21.97%
Cost of revenue	343,770,066	350,410,036	292,755,127
Unusual Expense (Income)
NOPBT	77,597,285	87,777,968	67,039,856
NOPBT Margin	18.42%	20.03%	18.63%
Operating Taxes	15,117,946	15,609,896	13,524,966
Tax Rate	19.48%	17.78%	20.17%
NOPAT	62,479,339	72,168,073	53,514,890
Net income	61,015,748 -15.51%	72,215,529 25.06%	57,743,052 11.37%
Dividends	(7,178,270)	(7,354,726)	(28,473,500)
Dividend yield	0.88%	0.91%	2.82%
Proceeds from repurchase of equity	(16,262,935)	(19,945,323)	(4,270,723)
BB yield	2.00%	2.45%	0.42%
Debt
Debt current	549,188	613,848	430,310
Long-term debt			58,324
Deferred revenue		331,000	331,000
Other long-term liabilities	30,116,263	16,319,429	16,685,730
Net debt	(93,228,427)	(84,198,864)	(77,671,765)
Cash flow
Cash from operating activities	97,568,599	70,782,804	55,077,946
CAPEX	(59,907,968)	(41,409,240)	(28,840,131)
Cash from investing activities	(61,953,163)	(39,628,717)	(22,623,872)
Cash from financing activities	(23,505,865)	(27,116,512)	(33,010,379)
FCF	30,452,061	36,768,960	25,429,646
Balance
Cash	37,421,709	25,264,165	21,670,615
Long term investments	56,355,905	59,548,547	56,489,784
Excess cash	72,709,247	62,903,312	60,170,650
Stockholders' equity	370,610,277	344,146,268	300,294,514
Invested Capital	335,923,436	282,249,620	244,842,448
ROIC	20.21%	27.38%	23.11%
ROCE	18.99%	24.78%	21.10%
EV
Common stock shares outstanding	4,778	4,895	4,960
Price	170,400.00 2.65%	166,000.00 -18.43%	203,500.00 67.49%
Market cap	814,109,345 0.18%	812,638,558 -19.49%	1,009,399,072 66.15%
EV	721,910,582	728,439,694	931,727,307
EBITDA	108,116,949	115,158,008	91,142,306
EV/EBITDA	6.68	6.33	10.22
Interest	2,675	77,115	4,364
Interest/NOPBT	0.00%	0.09%	0.01%