1. South Korea Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
The Willbes & Co. Ltd.

The Willbes & Co. Ltd.

008600.KS
The Willbes & Co. Ltd.KR flagKorea Exchange
2,620.00
KRW
-170.00
- -
17.24BMarket Cap
The Willbes & Co. Ltd.
008600.KS
(Korea Exchange)

Recent

price

2,620.00

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
43,616.36
46,186.41
50,076.09
47,459.21
47,477.88
57,885.24
61,435.58
55,318.06
54,974.99
52,756.55
41,467.26
43,743.55
38,778.11
32,825.33
33,026.62
28,628.01
27,877.03
Revenue per Share
314
540.87
-1,260
-680
550
800
770
110
-1,320
-7,160
-430
-2,310
-1,420
-2,350
-4,170
-5,530
-5,951.18
Basic EPS, GAAP
-2,620.26
-305.46
-305
266.83
1,522.52
-1,267.47
-2,194.45
798.83
-1,446.87
3,342.35
-1,549.74
2,276.89
-1,755.36
226.45
384.02
128.43
-681.86
Free Cash Flow per Basic Share
- -
0.01
- -
- -
- -
200.16
199.36
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
14,268.24
13,701.12
13,630.41
12,339.91
12,931.85
13,451.71
13,961.27
13,602.8
12,447.27
6,020.65
6,031.13
3,634.82
2,319.34
-21.42
-4,073.35
-9,530.04
-10,437.92
Book Value per Share
25,067.87
22,147.14
21,952.55
20,927.18
22,030.31
17,841.22
15,647.24
14,808.76
16,828.8
11,768.64
10,991.82
12,371.98
12,081.84
13,703.85
10,823.91
5,278.18
4,250.05
Tangible Book Value per Share
6
5
5
5
5
5
5
5
5
5
6
6
7
7
7
7
7
Basic Weighted Avg Shares
256,031
250,636
248,823
241,002
237,848
291,716
310,849
290,967
277,697
269,623
239,612
276,483
254,858
216,119
217,377
188,323
184,467
Sales/Revenue/Turnover
1.95
4.13
-0.78
3.41
2.88
3.37
3.26
2.41
1.23
-7.32
1
1.59
0.08
-1.94
-5.77
-11.15
-12.86
Operating Margin (%)
8,698
9,676
10,421
10,453
10,079
11,590
14,160
15,338
13,696
20,481
20,793
19,693
19,841
15,222
13,958
11,847
11,458
Depreciation Expense
1,843
2,935
-6,261
-3,453
2,755
4,032
3,896
579
-6,668
-36,593
-2,485
-14,600
-9,333
-15,472
-27,446
-36,378
-39,380
Net Income, GAAP
40.33
31.25
- -
- -
33.37
5.68
24.69
60.77
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
0.72
1.17
-2.52
-1.43
1.16
1.38
1.25
0.2
-2.4
-13.57
-1.04
-5.28
-3.66
-7.16
-12.63
-19.32
-21.35
Profit Margin (%)
80,621
63,984
58,321
56,837
64,788
61,248
60,335
28,427
50,859
5,336
17,196
29,828
43,802
36,041
12,309
-7,293
-5,747
Working Capital
5,534
14,657
11,155
3,849
3,453
11,991
23,724
4,100
14,844
11,356
15,056
9,103
17,518
26,158
10,577
19,078
27,197
LT Debt
155,082
133,869
122,324
121,215
126,886
134,210
139,251
131,805
132,088
101,854
99,130
104,645
98,276
107,346
86,579
48,423
41,434
Total Equity
1.37
3.18
- -
- -
2.13
4.01
2.93
1.03
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
2.5
3.65
- -
- -
2.79
4.1
3.71
1.18
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
2.16
3.71
-8.81
-5.3
4.32
6.08
5.63
0.81
-9.92
-78.15
-7.57
-50.5
-48.84
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
135,635
137,343
143,450
LT Borrowings
13,216
12,863
22,546
LT Finance Leases
7,215
6,215
4,651
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
21,275
21,078
17,337

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
181,210
161,793
181,176
Cash, Cash Equivalents & STI
18,402
14,883
16,422
Accounts Receivable, Net
39,639
38,792
40,901
Inventories
86,788
76,158
78,409
Total Current Liabilities
167,049
169,086
186,923
Payables & Accruals
- -
- -
- -
ST Debt
135,635
137,343
143,450
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-8.17%
-10.94%
-44.07%
Free Cash Flow
-137.49%
-110.17%
-66.57%
Net Income, GAAP
-35.81%
125.45%
32.54%
Sales/Revenue/Turnover
-3.89%
-4.08%
-13.37%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
45,763
69,799
51,397
50,417
217,377
2025
48,696
53,811
44,904
40,912
188,323
2026
44,840
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-600
-320
-850
- -
-4,170
2025
-550
-307.67
-880.05
- -
-5,530
2026
-986.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
The Willbes & Co., Ltd. (008600.KS) engages primarily in the textile manufacturing and export business, alongside education services and venture investments; it produces and supplies apparel including knitwear, sweaters, swimwear, microfiber products, and general garments through an original equipment manufacturer model, serving major retailers such as Wal-Mart, Target, and K-Mart, while also providing postgraduate training programs for professional careers like lawyers, diplomats, government officials, appraisers, and labor attorneys, as well as online education offerings; the company operates investment activities to identify and foster promising ventures. Founded in 1973 and headquartered in Cheonan-si, South Korea, it maintains extensive global manufacturing footprint across subsidiaries in China (including Weihai Junli Garment Co., Ltd. for swimwear production serving clients like Disney and Tea Collection, and Weihai Junyang Trade Co., Ltd. for sewing-related trade), Cambodia (The Willbes (Cambodia) & Co., Ltd. and Columbus Apparel (Cambodia) Inc. focusing on knit apparel), Indonesia (PT. Willbes Global and PT. Sunwoo Garment Indonesia), Honduras (The Galaxy Industrial S.A. de C.V.), Haiti (The Willbes Haitian S.A. and The Willbes Haitinan S.A. print shop benefiting from duty-free exports under HOPE II), and the Dominican Republic (The Willbes Dominicans Inc., specializing in vertical knitwear production). In a recent development, the company announced a private placement of 3.5 million redeemable convertible preferred shares at KRW 1,000 each to raise KRW 3.5 billion, with participation from new investor Magen Partners, approved by shareholders and expected to close on December 8, 2025, enhancing its financial position for ongoing operations.