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    Paper, Lumber & Forest Products
Moorim Paper Co., Ltd.

Moorim Paper Co., Ltd.

009200.KS
Moorim Paper Co., Ltd.KR flagKorea Exchange
1,428.00
KRW
+14.00
- -
59.42BMarket Cap
Moorim Paper Co., Ltd.
009200.KS
(Korea Exchange)

Recent

price

1,428.00

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
21,409.23
23,890.45
24,804.04
26,162.43
27,097.41
26,447.54
24,894.59
24,084.75
25,807.88
27,005.41
22,816.01
25,362.09
33,608
31,595.72
33,283.54
30,393.93
30,090.21
Revenue per Share
1,146.5
-244.31
-284
206
-943
-107
5
641
833
-231
-925
-153
365
83
978
-369
-511.25
Basic EPS, GAAP
-9,175.34
-7,886.65
680.23
85.65
2,197.55
69.12
3,981.46
2,012.93
1,163.07
752.46
989.33
-2,900.61
-274.65
-649.1
135.05
-4,068.76
-2,057.04
Free Cash Flow per Basic Share
299.97
250.02
394.42
195.06
208.53
100.31
95.78
61.21
121.49
192.8
141.1
118.21
93.16
128.07
128.17
152.18
153.87
Dividend per Share
6,493.15
6,531.51
5,963.87
6,204.97
5,202.66
4,999.17
4,614.96
5,720.64
6,228.68
5,923.46
5,300.78
5,170.86
5,738.87
5,635.21
6,539.33
6,062.28
5,832.9
Book Value per Share
15,955.27
14,159.7
13,684.94
14,424.93
12,745.7
12,706.59
11,549.99
13,991.04
14,517.22
15,457.58
15,252.85
15,327.61
16,353.59
16,100.03
17,242.08
16,510.6
16,099.58
Tangible Book Value per Share
42
42
42
42
42
42
45
42
42
42
42
42
42
42
42
42
42
Basic Weighted Avg Shares
890,926
994,065
1,033,415
1,087,875
1,127,552
1,099,386
1,131,454
1,001,794
1,073,900
1,123,726
949,655
1,055,273
1,399,139
1,321,885
1,384,380
1,264,912
1,253,226
Sales/Revenue/Turnover
10.24
11.15
2.94
5.9
1.54
5.7
3.72
5.86
10.57
6.12
2.89
2.82
6.88
5.13
6.46
0.47
0.08
Operating Margin (%)
38,248
53,492
68,101
72,936
77,359
77,606
76,562
74,001
74,063
72,731
71,682
75,296
75,537
74,805
77,189
77,897
80,655
Depreciation Expense
47,711
-10,165
-11,832
8,566
-39,239
-4,448
227
26,662
34,662
-9,612
-38,501
-6,366
15,195
3,473
40,678
-15,357
-21,293
Net Income, GAAP
19.4
117.08
47.29
32.23
- -
99.21
- -
31.35
32.65
186.31
- -
86.51
16.43
- -
- -
- -
- -
Effective Tax Rate (%)
5.36
-1.02
-1.14
0.79
-3.48
-0.4
0.02
2.66
3.23
-0.86
-4.05
-0.6
1.09
0.26
2.94
-1.21
-1.7
Profit Margin (%)
92,872
-211,861
-317,592
-51,986
-235,006
-248,990
-205,861
-158,836
-124,164
-175,760
-103,511
-241,418
-107,506
-82,555
-368,343
-265,328
-271,725
Working Capital
611,739
723,218
626,607
680,976
619,216
467,449
407,610
440,776
418,832
533,195
631,680
560,479
574,889
564,443
329,899
596,546
597,142
LT Debt
715,757
653,574
634,702
663,453
599,475
596,128
591,501
645,620
667,551
687,910
644,850
646,553
689,407
681,486
724,749
694,861
678,494
Total Equity
5.01
-1
0.79
2.14
- -
0.03
- -
2.41
4.52
-3.33
- -
0.21
3.94
- -
- -
- -
- -
Return on Invested Capital (%)
2.53
-1.49
-0.17
1.08
- -
-0.5
- -
2.52
2.2
-2.54
- -
-0.54
1.44
- -
- -
- -
- -
Return on Capital (%)
18.89
-3.75
-4.55
3.38
-16.54
-2.1
0.11
11.91
13.94
-3.8
-16.48
-2.92
6.69
1.46
16.02
-5.86
-8.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,015,010
977,061
977,742
LT Borrowings
475,855
589,034
590,068
LT Finance Leases
6,592
7,512
7,074
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
85,342
83,881
83,298

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
870,763
872,323
906,188
Cash, Cash Equivalents & STI
363,211
367,320
415,069
Accounts Receivable, Net
211,804
218,051
220,661
Inventories
268,194
255,093
240,349
Total Current Liabilities
1,189,142
1,137,650
1,177,913
Payables & Accruals
- -
- -
- -
ST Debt
1,015,010
977,061
977,742
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.65%
1.59%
-4.12%
Free Cash Flow
251.67%
-716.28%
-3,114.61%
Net Income, GAAP
1,216.46%
86.88%
-137.75%
Sales/Revenue/Turnover
2.21%
6.86%
-8.63%
Total Cash Common Dividend
11.24%
3.81%
18.81%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
330,796
361,530
349,928
342,125
1,384,380
2025
319,075
300,205
308,146
337,486
1,264,912
2026
307,390
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
241
523
154
- -
978
2025
43
67.54
-102.27
- -
-369
2026
-99
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.61
124.48
- -
- -
128.17
2025
2.69
149.5
- -
- -
152.18
2026
4.51
- -
- -
- -
- -
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Business
Moorim Paper Co., Ltd. operates as a South Korean manufacturer and seller of paper products, founded in 1975 and headquartered in Seoul. The company produces a diverse range of paper products including printing and writing papers, art papers, wood-free papers, coated papers, uncoated papers, light-weight coated (LWC) papers, optical mark reader paper, security papers, wall papers, bag papers, high glossy papers, super crystal papers, board papers for printing materials, and eco-friendly papers such as recyclable papers made from waste fibers and water-resistant paper packaging materials. It also manufactures related raw materials including bleached kraft pulp, bleach chemical pulp, pump material, pulp powder, and black liquor. Moorim further operates affiliated businesses providing pulp production, facility rental, paper wholesale, steam and electricity manufacture and distribution, and logistics storage services. The company’s product portfolio serves a broad market including books, magazines, catalogues, brochures, calendars, shopping bags, labels for beverage containers, food packaging, and digital paper markets across South Korea and internationally. Recent major developments include Moorim’s strategic focus on environmentally sustainable and eco-friendly paper products, exemplified by innovations like NeoCotton TMB, a recyclable paper made from waste fibers, and Neoforet FLEX, a water-resistant paper packaging material. The company has fostered collaborations with notable partners such as LG Household and Health Care and Kolmar Korea to advance recycling and plastic-free initiatives. Moorim has asserted leadership in the paper industry's environmental, social, and governance (ESG) efforts, being the first in the sector to publish a Climate Change Response Report. Its Jinju factory earned Korea’s first gold rating in UL Solutions' Zero Waste to Landfill certification. These developments reflect a strategic shift toward sustainability alongside maintaining high productivity and quality standards in paper manufacturing. Moorim also consolidated its operations by merging with Donghae Pulp and has maintained FSC (Forest Stewardship Council) certification, underscoring its commitment to responsible sourcing and production. The company’s broad industrial footprint, sustained innovations, and recent ESG certifications position Moorim Paper Co., Ltd. as a comprehensive paper manufacturer with strong market presence and a focus on sustainable business practices. It employs over 400 employees and continues to expand its product offerings and strategic alliances in the paper and pulp industry.