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Michang Oil Ind .Co.,Ltd.

Michang Oil Ind .Co.,Ltd.

003650.KS
Michang Oil Ind .Co.,Ltd.KR flagKorea Exchange
122,100.00
KRW
+3,300.00
- -
184.73BMarket Cap
Michang Oil Ind .Co.,Ltd.
003650.KS
(Korea Exchange)

Recent

price

122,100.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
196,890.07
230,778.13
238,243.72
214,870.43
206,362.06
179,469.23
162,806.54
183,505.04
194,490.29
207,576.35
182,832.45
268,539.45
276,796.44
270,482.76
285,493.47
268,006.36
268,047.68
Revenue per Share
12,598
12,134.42
14,316
10,119
9,274
14,566
17,831
7,310
6,593
11,366
12,962
21,903
15,455
31,491.6
34,783.01
45,517
54,654.72
Basic EPS, GAAP
-4,461.82
-11,480.14
9,706.72
5,008.44
15,113.68
20,604.35
14,220.96
-5,352.04
1,643.62
-987.95
22,404.43
8,975.6
9,366.36
35,210.25
11,231.61
24,954.01
24,886.32
Free Cash Flow per Basic Share
2,300.02
2,000
1,999.99
2,299.94
1,899.96
1,799.96
2,099.96
2,221.83
1,734.53
1,626.83
2,017.81
2,100.01
2,499.99
2,500
2,800.03
3,000.01
- -
Dividend per Share
67,469.43
78,356.1
89,820.55
97,817.6
105,305.11
117,892.49
133,729.18
140,749.72
150,133.31
165,552.02
183,876.54
204,295.98
216,714.75
245,429.93
275,284.19
319,496.73
327,469.56
Book Value per Share
76,642.18
86,033.72
97,459.79
105,425.73
112,726.78
125,262.87
141,480.4
145,279.85
153,285.07
164,950.83
182,127.36
199,237.34
211,952.48
240,871.98
272,420.15
316,694.42
324,670.05
Tangible Book Value per Share
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Basic Weighted Avg Shares
339,331
397,740
410,609
370,333
355,666
309,317
280,598
313,159
316,300
323,728
277,578
406,293
418,790
409,235
431,942
405,487
405,551
Sales/Revenue/Turnover
7.04
5.4
7.65
6.28
5.19
7.16
5.94
4.34
3.98
5.4
6.74
8.73
10.51
11.73
10.57
8.52
9.21
Operating Margin (%)
898
975
982
1,348
2,107
2,290
2,407
2,431
2,572
3,106
2,972
3,189
3,184
3,335
3,778
3,960
3,993
Depreciation Expense
21,712
20,913
24,673
17,440
15,984
25,105
30,732
12,475
10,722
17,726
19,679
33,139
23,383
47,646
52,625
68,866
82,692
Net Income, GAAP
23.98
23.67
22.52
23.86
23.14
23.33
24.23
23.15
30.09
27.29
15.99
25.35
26.36
21.43
22
22.62
22.55
Effective Tax Rate (%)
6.4
5.26
6.01
4.71
4.49
8.12
10.95
3.98
3.39
5.48
7.09
8.16
5.58
11.64
12.18
16.98
20.39
Profit Margin (%)
92,520
94,940
115,445
115,841
124,920
146,204
193,540
196,235
181,011
177,722
191,617
221,263
233,564
242,993
292,470
371,357
382,969
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,037
2,114
2,327
3,232
3,323
2,583
2,627
2,621
LT Debt
132,089
148,277
167,970
181,703
194,285
215,892
243,843
247,926
250,058
257,949
277,127
301,982
321,145
364,860
412,505
479,411
491,476
Total Equity
12.56
10.4
14.32
9.82
7.43
8.14
5.37
4.18
3.49
4.91
5.76
8.88
10.07
10.53
8.32
5.5
6.01
Return on Invested Capital (%)
17.41
15.31
16.29
10.68
9.12
13.05
14.17
5.3
4.42
7.03
7.29
11.18
7.28
13.44
12.68
14.45
17.45
Return on Capital (%)
20.21
16.64
17.02
10.79
9.13
13.05
14.17
5.3
4.43
7.06
7.32
11.27
7.34
13.63
13.36
15.31
18.16
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
10,195
10,173
11,254
LT Borrowings
- -
- -
- -
LT Finance Leases
2,647
2,627
2,621
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
161,135
184,132
169,000

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
375,289
410,340
437,896
Cash, Cash Equivalents & STI
230,771
255,871
282,096
Accounts Receivable, Net
57,813
65,403
66,151
Inventories
59,304
61,630
64,109
Total Current Liabilities
42,312
38,983
54,927
Payables & Accruals
- -
- -
- -
ST Debt
10,195
10,173
11,254
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.43%
11.64%
16.22%
Free Cash Flow
-248.85%
54.85%
122.18%
Net Income, GAAP
20.93%
36.81%
30.86%
Sales/Revenue/Turnover
3.8%
9.32%
-6.12%
Total Cash Common Dividend
- -
- -
7.14%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
103,166
117,357
100,830
110,587
431,942
2025
101,036
104,163
106,011
94,276
405,487
2026
101,101
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,127.77
19,403.94
3,654
- -
34,783.01
2025
2,060
25,757.16
4,532.73
- -
45,517
2026
11,198
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2,800.03
2025
- -
- -
- -
- -
3,000.01
2026
- -
- -
- -
- -
- -
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Business
Michang Oil Ind. Co., Ltd. operates within the South Korean petrochemical industry, specializing in a broad range of petroleum-based products. The company supplies various automotive lubricants, including advanced motor oils for gasoline and diesel engines, gear lubricants, and automatic transmission fluids, alongside other specialized oils. It also produces industrial lubricants such as hydraulic, gear, turbine, and heat transfer oils, extending to marine lubricants for diverse applications. Furthermore, Michang offers rubber process oils, encompassing paraffinic, naphthenic, and aromatic types, crucial for manufacturing rubber products like tires and shoes. Its portfolio also features transformer oils, technical-grade white oils, and high-purity white mineral oils suitable for food, cosmetic, and pharmaceutical uses. Additionally, the company provides hydrocarbon solvents and cleaners for industrial processes and precision cleaning. Established in 1962, Michang Oil Ind. Co., Ltd. is headquartered in Busan, South Korea, with a strong commitment to technological development and global competitiveness, reinforced by strategic technical partnerships.