1. South Korea Stocks

  2. •

    Technology

  3. •

    Semiconductors
MiCo Ltd.

MiCo Ltd.

059090.KQ
MiCo Ltd.KR flagKOSDAQ
20,650.00
KRW
-500.00
- -
650.39BMarket Cap
MiCo Ltd.
059090.KQ
(KOSDAQ)

Recent

price

20,650.00

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
4,674.49
5,196.49
5,876.76
5,423.54
5,768.12
4,905.85
5,211.01
6,098.09
7,393.54
7,683.61
9,144
11,846.77
13,091.39
11,972.35
17,155.77
31,035.3
34,432.7
Revenue per Share
555
-96.5
159
-1,076
-0.34
95
49
303
452
259
422
-578
-1,743
-855
575
937
211.31
Basic EPS, GAAP
-80.65
-637.15
-214.36
-870.18
-463.48
379
29.81
91.31
-1,276.52
-753.44
128.26
-1,329.08
897.36
-220.25
-2,825.24
-9,541.46
-11,460.47
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
13.56
72.91
53.61
56.59
108.72
108.78
66.85
176.79
244
154.15
340.53
- -
Dividend per Share
985.4
1,026.95
1,255.88
146.62
151.94
284.75
333.19
745.11
1,159.06
1,350.72
1,789.58
1,173.06
-638.22
-1,486.29
-950.07
-7.07
-371.79
Book Value per Share
2,317.35
1,515.45
1,655.4
1,699.71
2,147.99
2,452.93
2,758.46
3,761.5
4,642.53
5,226.05
7,427.7
11,787.19
11,485.21
11,184.08
15,358.5
20,064.22
20,687.82
Tangible Book Value per Share
21
24
22
23
24
25
27
30
31
31
31
31
32
32
32
31
31
Basic Weighted Avg Shares
98,800
124,257
130,434
123,649
135,982
121,533
140,957
183,916
227,422
236,170
280,899
365,491
414,832
381,655
540,505
977,037
1,084,091
Sales/Revenue/Turnover
9.25
5.07
8
-11.37
3.9
9.49
13.22
15.83
19.95
16.19
15.61
19.07
15.5
7.86
17.56
10.59
8.01
Operating Margin (%)
4,793
6,747
8,217
10,548
9,973
9,200
8,602
9,948
12,224
19,661
26,525
29,385
40,662
47,923
47,507
77,833
80,047
Depreciation Expense
11,731
-2,308
3,529
-24,531
-8
2,353
1,325
9,138
13,903
7,961
12,964
-17,832
-55,231
-27,256
18,116
29,498
6,653
Net Income, GAAP
- -
1,146.41
32.85
- -
- -
51.5
48.34
25.21
18.05
23.53
28.49
75.66
- -
31.78
15.87
20.22
30.17
Effective Tax Rate (%)
11.87
-1.86
2.71
-19.84
-0.01
1.94
0.94
4.97
6.11
3.37
4.62
-4.88
-13.31
-7.14
3.35
3.02
0.61
Profit Margin (%)
-10,905
-18,665
-14,118
6,215
-6,757
12,773
15,993
33,660
89,182
60,638
104,709
99,867
113,174
99,494
-13,274
64,699
113,811
Working Capital
17,650
26,017
30,243
51,643
24,582
29,153
17,625
12,470
82,360
91,403
109,459
102,033
100,434
144,887
170,534
575,040
629,457
LT Debt
53,011
45,912
50,105
43,392
55,229
65,007
78,854
116,850
148,381
168,787
234,961
372,478
376,300
366,084
532,848
689,100
713,331
Total Equity
- -
-54.41
5.3
- -
- -
4.32
7.1
14.39
16.93
9.54
8.28
3.32
- -
3.09
8.92
5.67
3.87
Return on Invested Capital (%)
- -
-56.41
5.95
- -
- -
0.24
-1.23
0.84
-0.52
-0.33
0.96
-12.47
- -
-8.12
-3.23
0.46
-0.88
Return on Capital (%)
80.3
-10.17
13.46
-157.17
-0.23
44.25
16.5
58.05
47.84
20.63
26.87
-39.12
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
453,457
546,671
616,962
LT Borrowings
340,466
561,124
615,227
LT Finance Leases
7,656
13,916
14,230
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
453,437
421,319
395,443

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
689,229
980,947
1,094,864
Cash, Cash Equivalents & STI
200,341
458,191
508,509
Accounts Receivable, Net
- -
- -
- -
Inventories
107,534
111,391
127,490
Total Current Liabilities
701,652
916,248
981,053
Payables & Accruals
- -
- -
- -
ST Debt
453,457
546,671
616,962
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.11%
26.34%
29.32%
Free Cash Flow
-156.33%
-5.89%
237.46%
Net Income, GAAP
43.59%
-36.42%
62.83%
Sales/Revenue/Turnover
25.09%
31.6%
80.76%
Total Cash Common Dividend
- -
51.07%
120.73%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
123,421
142,242
137,863
137,051
540,505
2025
214,911
248,594
245,401
268,130
977,037
2026
321,965
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
73
307
- -
575
2025
361
380.13
52.49
- -
937
2026
-365
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
154.15
2025
- -
- -
- -
- -
340.53
2026
- -
- -
- -
- -
- -
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Business
MiCo Ltd., founded in 1996 and headquartered in Anseong-si, South Korea, is an engineering company specializing in the production and sale of advanced ceramic materials and components primarily for the semiconductor and display equipment industries. The company manufactures heater granule powder, electrostatic chuck (ESC) granule powder, parts granule powder, and high-purity powders including alumina, yttria, YAG, and aluminum nitride, which are critical in semiconductor manufacturing and coating processes. MiCo also provides polyimide ESC, APS coating ESC, and ceramic ESC products tailored for display, semiconductor, and LED/LCD applications, alongside repair services and solid oxide fuel cell (SOFC) systems used in renewable energy sectors. MiCo operates in South Korea and serves international markets, having successfully localized high-value semiconductor and display manufacturing equipment parts. The company has developed SOFC technology since 2008, completing certification for a 2kW system in 2018 and establishing a 1MW mass production line by 2019, positioning this as a future growth engine in hydrogen power. Recently, MiCo underwent significant corporate changes including the completion of a new factory for SOFC mass production and securing certifications for green technology in fuel cells. The company separated from MiCo MST and its C&C division to establish affiliated entities focused on specialized business areas. MiCo also established KoMiCo Equipment Parts in Shenzhen and continues to expand its production capabilities for semiconductor consumables, including Korea’s first mass production of 10.5 generation LCD ESC. In the biomedical sector, MiCo, through its affiliate MiCo BioMed, entered a strategic partnership and received a $45 million investment from Trinity Biotech in 2022. This alliance enhances MiCo’s footprint in diagnostics across Asia-Pacific markets and focuses on R&D collaboration, regulatory certifications, and manufacturing synergies. Through these diversified product lines and strategic partnerships, MiCo maintains a leadership position in ceramic-based semiconductor components and solid oxide fuel cells, leveraging extensive proprietary technology and ongoing international expansion efforts. This description reflects MiCo Ltd.'s core engineering products, geographic reach, and recent corporate developments through 2025.