1. South Korea Stocks

  2. •

    Basic Materials

  3. •

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

Shindaeyang Paper Co., Ltd.

016590.KS
Shindaeyang Paper Co., Ltd.KR flagKorea Exchange
9,980.00
KRW
+70.00
- -
294.90BMarket Cap
Shindaeyang Paper Co., Ltd.
016590.KS
(Korea Exchange)

Recent

price

9,980.00

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
9,499.75
10,988.13
10,091.96
9,423.98
9,061.94
6,348.22
6,526.38
13,191.21
17,602.74
16,051.31
15,377.38
18,444.06
1,875.07
18,325.05
21,107.45
21,606.73
21,625.92
Revenue per Share
440.1
320.47
748.3
343.3
459.2
-568.3
402.8
703.2
1,967.4
1,384.9
1,071
1,464.4
131.9
1,359
1,126
770
845.19
Basic EPS, GAAP
-37.87
-620.26
1,479.44
-163.28
969.93
462.54
-886.9
-124.23
2,528.24
2,169.9
1,554.26
73.91
116.1
1,725.67
510.89
351.1
886.46
Free Cash Flow per Basic Share
50
50
50.16
49.75
30.53
36.47
- -
- -
43.2
86.04
72.56
71.44
12.79
129.2
160.23
203.06
- -
Dividend per Share
2,449.16
5,482.59
6,197.37
6,472.64
6,863.89
5,992.6
6,231.13
6,905.86
8,471.09
9,753.52
11,051.74
13,227.76
1,483.41
16,378.98
19,399.81
21,012.5
21,140.46
Book Value per Share
6,008.42
6,227.95
7,113.79
7,201.08
7,572.5
6,722.51
6,831.72
10,584.86
12,472.33
14,142.73
15,016.96
16,848.12
1,815.79
19,446.17
22,145.39
24,335.17
24,428.06
Tangible Book Value per Share
36
36
36
36
36
38
39
39
40
40
40
37
361
35
31
30
30
Basic Weighted Avg Shares
341,116
394,569
361,200
338,016
327,026
239,263
252,520
512,806
709,356
646,815
609,205
681,566
676,402
645,360
658,502
639,529
638,749
Sales/Revenue/Turnover
6.7
5.55
11.87
4.82
7.68
3.47
6.42
5.61
16.44
14.64
10.6
8.05
7.52
9.07
4.45
3.55
3.22
Operating Margin (%)
13,480
13,856
14,618
15,038
15,776
13,028
11,016
17,230
28,650
29,240
28,947
26,464
27,248
31,243
30,090
26,738
26,636
Depreciation Expense
15,803
11,508
26,782
12,313
16,572
-21,419
15,585
27,337
79,282
55,807
42,430
54,114
47,581
47,860
35,129
22,791
24,964
Net Income, GAAP
22.3
24.91
22.87
25.36
32.46
- -
36.93
22.76
18.99
25.13
24.23
22.99
16.9
23.72
29.22
27.92
30.74
Effective Tax Rate (%)
4.63
2.92
7.41
3.64
5.07
-8.95
6.17
5.33
11.18
8.63
6.96
7.94
7.03
7.42
5.33
3.56
3.91
Profit Margin (%)
4,517
-6,419
19,868
12,629
26,134
5,934
52,126
-37,196
59,166
140,599
161,390
205,759
172,607
207,533
178,210
190,742
192,191
Working Capital
33,607
46,282
35,273
29,779
17,050
9,953
7,514
35,856
39,824
35,636
35,206
53,353
27,294
23,440
12,321
16,081
15,210
LT Debt
216,509
225,477
256,448
260,119
274,123
253,998
264,923
415,555
506,487
573,786
599,488
626,797
657,300
686,756
692,090
721,149
722,376
Total Equity
5.58
4.85
9.23
3.51
4.91
- -
3.49
4.96
15.04
10.74
7.14
5.86
5.59
5.76
2.68
2.07
1.77
Return on Invested Capital (%)
8.4
5.61
8.29
4.08
5.49
- -
5.23
6.88
10.7
6.72
6.22
7.14
6.49
6.43
5.13
3.18
3.46
Return on Capital (%)
19.53
8.08
12.79
5.42
6.91
-9.05
6.68
10.73
26
15.2
10.21
11.68
9.29
8.61
5.94
3.71
4.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
68,996
69,126
78,000
LT Borrowings
12,000
13,583
13,094
LT Finance Leases
2,698
2,497
2,117
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
328,197
387,977
389,288

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
322,688
325,261
335,974
Cash, Cash Equivalents & STI
175,377
186,618
204,256
Accounts Receivable, Net
91,136
86,230
84,590
Inventories
35,554
34,736
27,218
Total Current Liabilities
125,497
134,518
143,784
Payables & Accruals
- -
- -
- -
ST Debt
68,996
69,126
78,000
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.97%
3.78%
4.2%
Free Cash Flow
-136.19%
254.87%
-34.8%
Net Income, GAAP
-0.66%
-9.13%
-35.12%
Sales/Revenue/Turnover
13.8%
1.14%
-2.88%
Total Cash Common Dividend
- -
19.07%
20.23%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
156,390
165,589
165,736
170,788
658,502
2025
157,280
160,601
163,456
158,192
639,529
2026
156,500
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
397
428
-44
- -
1,126
2025
234
186.89
306.55
- -
770
2026
309
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
160.23
2025
- -
- -
- -
- -
203.06
2026
- -
- -
- -
- -
- -
Similar Companies
ArborGen Holdings Limited (ARB.NZ)
Shrenik Limited (SHRENIK.NS)
GuangDong SongYang Recycle Resources CO.,LTD (603863.SS)
Zhengye International Holdings Company Limited (3363.HK)
National Plywood Industries Limited (NATPLY.BO)
Sam Jung Pulp Co.,Ltd. (009770.KS)
Business
Shindaeyang Paper Co., Ltd. manufactures and distributes corrugated cardboard materials primarily for packaging applications in South Korea and overseas markets. The company produces corrugating medium paper, kraft liner paper, and test liner paper, which serve as base papers for corrugated cardboard boxes; it operates through the corrugated cardboard and cardboard box business divisions. Founded in 1982 and headquartered in Ansan-si, Gyeonggi-do, South Korea, Shindaeyang Paper forms part of the Daeyang Group, one of the largest packaging groups in the country with significant production capacity. The company serves domestic and international customers in the paper products industry, focusing on industrial and consumer packaging segments. Recent developments include the completion of a share repurchase program in December 2024 involving 501,428 shares for KRW 3,008.28 million, an annual dividend announcement payable in April 2026, and earnings reports for the second and third quarters of 2025; it also completed minor additional acquisitions of stakes in affiliate Daeyang Paper Mfg. Co., Ltd. in early 2024.