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    Marine Shipping
Korea Line Corporation

Korea Line Corporation

005880.KS
Korea Line CorporationKR flagKorea Exchange
1,842.00
KRW
-69.00
- -
594.50BMarket Cap
Korea Line Corporation
005880.KS
(Korea Exchange)

Recent

price

1,842.00

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
1,305,795.23
220,040.56
51,067.43
6,741.08
2,251.42
2,048.27
2,080.84
5,878.77
4,953.95
3,910.27
3,500.99
4,176.3
5,185.54
4,502.42
5,475.78
3,968.26
3,798.89
Revenue per Share
-188,858.44
-317,677.4
-21,466.7
4,832.58
278.27
149.95
114.77
464.81
294.92
351.92
34.81
891
507
220
508
560
540.1
Basic EPS, GAAP
-26,197.63
-19,160.6
1,647.68
2,601.97
252.83
-576.19
-1,186.87
-2,052.3
-66.88
-676.45
-508.47
559.75
-495.54
-47.09
1,624.81
912.28
1,186.57
Free Cash Flow per Basic Share
190.6
88.19
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
127,882.75
-262,884.6
-97,609.27
-9,144.88
751.91
896.75
1,011.24
1,441.73
1,744.27
2,005.5
2,077.34
2,939.71
3,119.67
3,344.78
3,764.59
4,295.16
4,478.89
Book Value per Share
319,748.67
26,906.82
-15,288.83
5,020.07
1,917.75
2,180.64
2,360.48
2,539.3
2,954.43
3,439.33
3,340.52
5,459.08
5,708.61
5,922.3
7,148.19
7,489.83
8,063.08
Tangible Book Value per Share
2
4
12
79
258
260
260
260
259
257
253
276
311
310
319
322
322
Basic Weighted Avg Shares
2,198,912
800,866
595,613
535,466
580,302
531,693
540,315
1,526,447
1,284,596
1,005,657
884,078
1,153,843
1,612,014
1,397,365
1,747,187
1,276,968
1,224,251
Sales/Revenue/Turnover
-6.07
-17.22
-18.41
18.93
16.94
15.1
8.85
6.81
11.3
13.2
11.86
20.48
16.65
17.9
18.81
16.32
17.89
Operating Margin (%)
116,363
94,734
80,633
92,625
85,914
83,323
84,473
68,490
59,585
123,526
131,487
120,561
145,288
160,862
157,851
138,430
- -
Depreciation Expense
-318,031
-1,156,229
-250,372
383,868
71,723
38,924
29,801
120,690
76,474
90,509
8,789
246,169
157,610
68,279
162,090
180,205
174,057
Net Income, GAAP
- -
- -
- -
- -
- -
2.2
12.28
6.55
- -
- -
- -
5.33
6.86
22.74
5.08
6.37
4.03
Effective Tax Rate (%)
-14.46
-144.37
-42.04
71.69
12.36
7.32
5.52
7.91
5.95
9
0.99
21.33
9.78
4.89
9.28
14.11
14.22
Profit Margin (%)
-35,047
39,639
-71,527
-135,716
-92,216
-71,140
-1,253
-203,996
-282,945
-355,744
-165,499
112,090
-160,718
-536,889
218,274
338,432
400,761
Working Capital
1,643,058
976,310
859,240
473,380
504,325
700,623
1,135,987
1,269,687
1,316,891
1,601,144
1,662,947
1,704,964
1,774,370
1,643,451
1,438,415
1,266,844
1,299,963
LT Debt
543,888
100,705
-170,984
404,029
498,880
569,359
626,011
674,533
779,480
895,202
853,323
1,518,114
1,784,122
1,846,815
2,289,682
2,414,654
2,602,879
Total Equity
- -
- -
- -
10.95
- -
6.06
2.46
4.48
- -
- -
- -
6.98
6.7
4.64
7.27
4.78
5.02
Return on Invested Capital (%)
- -
- -
- -
-936.61
- -
6.74
3.81
10.52
- -
- -
- -
8.73
6.95
5.93
8.54
8.33
5.87
Return on Capital (%)
-98.59
- -
- -
- -
- -
18.25
12.03
37.9
18.5
18.7
1.69
36.83
17.69
6.8
14.48
13.95
12.84
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
264,932
242,939
239,999
LT Borrowings
58,470
32,305
1,299,228
LT Finance Leases
1,243,883
1,234,539
735
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
323
323
323
Market Capitalization
553,857
565,114
771,827

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
798,295
746,977
820,007
Cash, Cash Equivalents & STI
398,397
410,227
474,775
Accounts Receivable, Net
- -
90,634
- -
Inventories
109,730
122,819
141,399
Total Current Liabilities
442,184
408,545
419,246
Payables & Accruals
- -
- -
- -
ST Debt
264,932
242,939
239,999
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.18%
25.68%
5.46%
Free Cash Flow
-324.17%
-840.18%
-43.37%
Net Income, GAAP
292.96%
551.33%
11.18%
Sales/Revenue/Turnover
18.95%
11%
-26.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
515,213
408,453
418,878
404,644
1,747,187
2025
330,519
332,214
317,993
296,242
1,276,968
2026
277,802
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
252
150
157
- -
508
2025
210
156
135
- -
560
2026
189.72
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Korea Line Corporation (005880.KS), a subsidiary of Samra Midas Group, provides merchant carrier services for energy resources and bulk commodities in the global marine transportation industry; its core operations encompass dedicated carrier, tramper carrier, tanker carrier, and oil carrier services for cargos including crude oil, clean petroleum products, iron ore, coal, grain, cement, fertilizer, steel products, scrap metal, and liquefied natural gas (LNG). The company owns and operates a fleet of approximately 37 vessels comprising 23 bulk carriers, 10 LNG carriers, 3 tankers, and 1 PCTC with a total deadweight tonnage of around 4 million DWT; it maintains long-term contracts with major clients such as POSCO, Korea Electric Power Corporation (KEPCO), GS Caltex, S-Oil, Vale, and Shell. Korea Line Corporation serves domestic and international markets worldwide, with a primary focus on Asia, Europe, and energy trade routes. Founded in 1968 and headquartered at SM R&D Center, 78 Magokjungang 8-ro, Gangseo-gu, Seoul, South Korea, the company traces its roots to Daehan Shipping and operates through carrier and tramper segments; it employs around 176 people and emphasizes stable revenue from dedicated long-term charters in dry bulk, wet bulk, and LNG transportation. In recent developments, Korea Line Corporation completed a private placement financing transaction issuing 1,537,390 shares in May 2025 to support operational needs; it spun off its LNG operations into wholly-owned subsidiary Korea Line LNG in 2020, which now manages 12 LNG vessels primarily for Korea Gas Corporation (KOGAS) alongside LNG bunkering services including the pioneering SM JEJU LNG2 vessel. The company commenced dedicated carrier services for Vale and signed a long-term time charter with Shell in 2020-2021, bolstering its wet bulk and LNG capabilities; fleet optimization and eco-friendly expansions continue amid global energy transition demands.