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    Industrial - Machinery
Kyung Dong Navien Co., Ltd.

Kyung Dong Navien Co., Ltd.

009450.KS
Kyung Dong Navien Co., Ltd.KR flagKorea Exchange
64,300.00
KRW
+3,400.00
- -
929.32BMarket Cap
Kyung Dong Navien Co., Ltd.
009450.KS
(Korea Exchange)

Recent

price

64,300.00

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
24,875.59
27,164.75
30,041.44
32,777.97
33,961.6
40,549.57
46,203.01
54,231.41
57,561.05
61,348.67
68,404.65
80,651.74
80,312.11
83,325.55
93,673.3
103,935.53
108,101.14
Revenue per Share
620.4
749.84
729
880
727
1,316
2,925
2,093
1,961
2,207
3,261
5,898
3,707
5,753
8,603
6,206
7,568.6
Basic EPS, GAAP
-1,035.16
-371.05
-173.78
-3,756.37
-4,258.17
1,912.86
3,044.84
-1,321.54
-4,850.12
2,169.57
1,310.79
1,314.31
-3,442.84
9,121.18
-4,068.73
-6,301.06
-4,593.23
Free Cash Flow per Basic Share
93.08
101.41
98.87
99.91
99.94
99.97
100
149.99
199.97
250.05
296.61
345.23
449.96
499.99
549.99
649.97
- -
Dividend per Share
9,959.96
10,924.73
11,424.2
12,203.86
12,651.93
13,877.95
16,551.58
18,438.27
20,017.35
21,704.85
24,791.26
28,752.9
31,067.44
36,041.6
43,957.89
49,328.76
52,525.92
Book Value per Share
12,261.26
12,538.12
12,970.32
14,045.78
14,309.33
15,626.26
18,235.48
19,619.75
21,426.11
23,083.67
26,465.74
32,045.47
34,738.21
39,166.64
45,838.78
50,782.23
53,830.39
Tangible Book Value per Share
12
13
13
13
13
13
13
13
13
13
13
14
14
14
14
14
14
Basic Weighted Avg Shares
307,888
341,247
379,014
414,178
428,985
512,031
583,253
684,661
726,742
774,291
873,409
1,102,947
1,160,861
1,204,313
1,353,879
1,502,240
1,562,378
Sales/Revenue/Turnover
4.17
3.23
3.67
4.78
3.14
4.73
7.86
6.98
5.61
5.79
7.68
5.83
5.15
8.79
9.79
9.65
10.74
Operating Margin (%)
8,765
8,338
9,355
11,034
12,155
14,894
15,960
16,583
18,777
26,535
32,108
38,509
44,889
46,551
47,373
52,812
53,539
Depreciation Expense
7,679
9,420
9,197
11,120
9,183
16,618
36,924
26,424
24,759
27,855
41,637
80,658
53,582
83,149
124,341
89,699
109,389
Net Income, GAAP
25.51
22.19
20.52
28.25
14.89
24.82
23.31
26.08
28.05
42.42
20.5
20.96
26.32
22.5
18.6
40.46
38.01
Effective Tax Rate (%)
2.49
2.76
2.43
2.68
2.14
3.25
6.33
3.86
3.41
3.6
4.77
7.31
4.62
6.9
9.18
5.97
7
Profit Margin (%)
52,811
47,848
45,182
-15,425
-26,378
-18,871
5,326
11,055
11,879
4,026
22,442
40,851
99,474
144,850
153,469
174,889
165,800
Working Capital
8,669
8,451
18,461
14,132
19,525
15,960
10,988
17,555
18,171
24,481
28,757
19,217
36,917
16,075
17,305
69,450
72,634
LT Debt
153,747
168,115
175,875
187,281
190,022
206,077
238,762
256,506
280,104
301,043
348,164
450,415
517,705
584,595
695,417
770,495
823,085
Total Equity
6.32
4.99
5.81
6.5
4.31
6.33
12.59
11.79
8.11
6.35
11.77
9.34
6.63
11.44
13.11
8.28
9.68
Return on Invested Capital (%)
6.27
6.97
6.24
6.44
4.8
7.43
15.38
10.03
8.23
8.12
10.78
17.13
10
13.88
17.5
9.91
11.46
Return on Capital (%)
6.43
7.23
6.54
7.45
5.85
9.92
19.22
11.96
10.2
10.58
14.1
22.73
12.72
17.14
21.51
13.31
15.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
318,786
285,467
289,612
LT Borrowings
6,757
64,233
67,665
LT Finance Leases
6,627
5,216
4,968
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
1,049,266
802,125
910,535

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
751,604
782,559
777,839
Cash, Cash Equivalents & STI
92,762
150,304
147,239
Accounts Receivable, Net
157,506
167,411
159,844
Inventories
452,504
419,802
425,110
Total Current Liabilities
627,866
607,670
612,039
Payables & Accruals
- -
- -
- -
ST Debt
318,786
285,467
289,612
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.26%
17.4%
10.8%
Free Cash Flow
-82.5%
-164.83%
54.87%
Net Income, GAAP
28.65%
27.4%
-27.86%
Sales/Revenue/Turnover
11.54%
11.73%
10.96%
Total Cash Common Dividend
- -
20.34%
18.18%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
323,244
307,577
322,696
400,363
1,353,879
2025
365,181
392,277
306,026
438,755
1,502,240
2026
425,320
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,172
1,971
1,090
- -
8,603
2025
2,609
1,337.76
965.94
- -
6,206
2026
3,971.2
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
549.99
2025
- -
- -
- -
- -
649.97
2026
- -
- -
- -
- -
- -
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Business
Kyung Dong Navien Co., Ltd. manufactures and sells advanced heating, water heating, and HVAC equipment primarily for residential and commercial applications; its core products include condensing gas and oil boilers such as NFB-C commercial fire tube models and NCN series, gas and electric water heaters including instantaneous condensing types like NWP500 heat pump variants, hot water mats under the Navien Mate brand with NTC Technology for optimal sleep temperatures, clean ventilation systems like Airone purifiers and Kitchen Plus models, home network and IoT solutions encompassing smart wallpads, video phones, zone control systems, and security interphones, as well as heat pump products, hybrid geothermal boilers, m-CHP systems, cascade systems, mid- and large-size boilers, and water treatment solutions such as PeakFlow scale prevention systems. The company operates globally with exports to over 30 countries including North America, Europe, Russia, China, Central Asia, the UK, Canada, and Mexico; it maintains production facilities in South Korea capable of 2 million units annually and regional subsidiaries like Navien America, Navien Russia, Navien UK, and Beijing KyungDong Navien Heat Energy Equipment Co., Ltd. Founded in 1978 as KyungDong Machinery Co., Ltd. and headquartered in Pyeongtaek-Si, South Korea (with additional offices in Yeongdeungpo-gu, Seoul), the company changed its name to Kyung Dong Navien Co., Ltd. in 2006 and pioneered Asia's first condensing boiler in 1988. Recent developments include the May 2024 divestiture of its gas, electric stove, and electric oven business units to streamline focus on core HVAC operations; the 2023 launch of the Rental Care Service, renewal of Navien Sleeping Mat, premium electric cooktops, and first shipment of U.S. Condensing Hydro Furnace (NPF); the 2024 opening of Navien House Jeju experience store and Smart Wallpad winning the iF Design Award; expansion into Central Asia via a 2025 conference; and ongoing recognitions such as No. 1 rankings in 2024 Korea Service Quality Index for residential boilers and multiple Premium Brand Index awards.