1. South Korea Stocks

  2. •

    Basic Materials

  3. •

    Chemicals
Dongsung Chemical Co., Ltd.

Dongsung Chemical Co., Ltd.

102260.KS
Dongsung Chemical Co., Ltd.KR flagKorea Exchange
3,840.00
KRW
-80.00
- -
191.13BMarket Cap
Dongsung Chemical Co., Ltd.
102260.KS
(Korea Exchange)

Recent

price

3,840.00

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
21,993.74
24,112.54
23,960.26
29,650.26
24,742.66
21,385.39
18,878.19
18,431.65
18,074.37
18,923.66
19,292.45
18,800.42
22,773.61
20,019.34
21,467.11
24,632.73
24,397.81
Revenue per Share
81.56
-73.66
543.08
21.57
199
497.99
829.33
218.61
-71.56
125.48
149
363.69
699.93
674.44
904.95
676
716.91
Basic EPS, GAAP
-1,646.04
856.19
-1,675.18
1,172.27
837.72
382.87
1,045.19
-46.55
652.75
495.35
2,286.28
-723.77
368.2
1,641.75
-37.37
1,112.78
-38.22
Free Cash Flow per Basic Share
75.27
73.52
68.07
186.27
217.33
318.62
359.05
321.49
250.55
280.98
416.17
476.99
384.43
399.53
394.75
473.86
98.92
Dividend per Share
1,100.4
2,872.87
3,172.77
3,289.96
2,622.83
2,921.5
3,283.48
3,263.51
2,995.85
2,904.1
2,909.24
2,882.03
3,552.12
3,969.8
4,648.14
5,200.22
5,252.75
Book Value per Share
8,022.94
8,636.07
9,688.93
10,585.33
8,978.06
8,665.2
8,815.16
8,299.45
8,020.31
8,503.8
8,755.84
8,552.51
9,044.86
9,865.15
11,293.22
12,278.41
12,540.06
Tangible Book Value per Share
23
24
27
28
37
41
45
45
45
45
45
49
50
50
50
49
50
Basic Weighted Avg Shares
505,111
582,113
654,021
823,410
905,441
871,225
852,913
827,336
813,073
849,786
864,010
925,979
1,140,124
993,004
1,066,318
1,211,600
1,213,230
Sales/Revenue/Turnover
4.9
4.34
6.75
5.34
5.53
7.65
7.63
0.44
0.98
6.15
7.05
5.36
4.86
7.46
8.54
9.25
11.82
Operating Margin (%)
17,287
16,139
15,596
17,138
18,345
21,455
21,150
22,186
24,613
26,952
27,318
25,703
23,452
26,435
25,767
35,621
36,684
Depreciation Expense
1,873
-1,778
14,824
599
7,282
20,288
37,469
9,813
-3,219
5,635
6,673
17,913
35,041
33,454
44,951
33,250
35,650
Net Income, GAAP
47.61
77.32
19.81
37.08
7.23
23.97
24.8
535.25
264.64
29.05
20.06
22.74
16.03
14.44
31.25
23.03
21.27
Effective Tax Rate (%)
0.37
-0.31
2.27
0.07
0.8
2.33
4.39
1.19
-0.4
0.66
0.77
1.93
3.07
3.37
4.22
2.74
2.94
Profit Margin (%)
-18,301
-13,819
4,126
9,649
51,424
57,989
68,394
45,998
2,577
87,866
47,361
77,873
106,015
101,822
148,332
190,457
190,416
Working Capital
46,856
51,115
67,309
12,319
70,393
72,671
61,226
83,710
35,201
90,349
24,178
11,587
32,479
22,823
41,856
80,454
84,461
LT Debt
209,252
251,796
306,598
336,735
378,316
398,502
440,647
417,812
400,669
418,429
427,209
457,003
489,007
525,001
596,784
641,341
660,960
Total Equity
3.22
1.34
6.76
4.75
7.82
8.08
7.39
-2.34
-2.01
5.75
7.73
6.37
7.49
9.42
8.5
10.78
13.85
Return on Invested Capital (%)
0.42
-0.76
2.12
-1.86
-1.06
0.51
5.17
-0.3
-2.62
-1.62
-3.54
-0.56
6.47
3.24
2.86
-0.84
-1.4
Return on Capital (%)
7.7
-3.76
19.01
0.67
7.77
18.87
28.03
6.66
-2.29
4.25
5.12
13.16
21.92
17.85
21.02
13.66
14.44
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
98,169
105,330
116,099
LT Borrowings
46,571
70,514
75,857
LT Finance Leases
4,488
9,940
8,604
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
50
50
Market Capitalization
208,647
211,382
203,881

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
549,521
582,196
580,582
Cash, Cash Equivalents & STI
178,858
197,382
181,223
Accounts Receivable, Net
126,817
133,591
126,846
Inventories
215,475
220,285
248,032
Total Current Liabilities
389,118
391,739
390,166
Payables & Accruals
- -
- -
- -
ST Debt
98,169
105,330
116,099
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.03%
8.49%
7.47%
Free Cash Flow
-416.66%
-619.14%
-3,048.67%
Net Income, GAAP
-11.07%
53.57%
-26.03%
Sales/Revenue/Turnover
3.78%
7.68%
13.62%
Total Cash Common Dividend
8.04%
5.75%
18.87%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
253,291
252,362
254,518
306,147
1,066,318
2025
285,420
312,988
315,317
297,877
1,211,600
2026
287,047
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
180.37
356.83
115.67
- -
904.95
2025
125.74
139.35
251.46
- -
676
2026
174
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
394.75
2025
- -
- -
98.98
- -
473.86
2026
- -
- -
- -
- -
- -
Similar Companies
Kuraray Co., Ltd. (3405.T)
Charbone Hydrogen Corporation (CH.V)
FutureFuel Corp. (FF)
Styrenix Performance Materials Limited (STYRENIX.BO)
Cosmo Chemical Co., Ltd. (005420.KS)
Cardinal Ethanol, LLC (CRDE)
Business
Dongsung Chemical Co., Ltd. is a South Korea-based specialized chemical company primarily engaged in the manufacturing and sale of polyurethane systems and melamine foam under the brand VIXUM. The company offers a broad product portfolio including polyurethane resins for shoes and processing, molding adhesives, automobile TPU products for automotive, footwear, construction and leisure sectors; melamine foams; industrial and functional polyurethane resins; paints; bioplastics; organic peroxides; and functional solvents. It also operates in trading isoparaffine, solvents and monomers, urethane raw materials, and synthetic resins. Additionally, Dongsung supplies passenger car and commercial vehicle parts, heavy machinery components, shipbuilding and marine materials including ultra-low temperature cold insulators, tank and pipe insulation products, and LNG fuel tanks. The company serves markets in South Korea and internationally, including countries such as the USA, China, Germany, India, and Vietnam. Founded in 1959, Dongsung Chemical is headquartered in South Korea. In recent major developments, Dongsung Chemical completed the divestiture of its subsidiary Dongsung TCS Co., Ltd. in April 2024 to SG Private Equity Co., Ltd. for KRW 31.6 billion, signaling a strategic move to refocus its business portfolio. Following this, the company has invested approximately KRW 18 billion to expand its organic peroxide production and reduce reliance on petrochemical facilities, reflecting a strategic shift away from high carbon emission and low profitability petrochemical business toward higher growth specialty chemicals. This transition includes scaling down over 70% of petrochemical facilities at the Yeosu site by 2023 and focusing on environmentally friendly green chemical products aligned with sustainability goals. Dongsung Chemical also recently announced a collaboration with Cosmax, a global cosmetics ODM, extending its reach into specialized chemical solutions for the cosmetics industry. The company continues to leverage its expertise in polymerization initiators and specialty chemicals as part of its growth strategy in diverse sectors. Overall, Dongsung Chemical operates within the chemicals industry, focusing on polymers, fine chemicals, composites, and biohealth sectors, targeting automotive, construction, energy, consumer, and healthcare industries globally. The company emphasizes sustainability and innovation as it expands its product lines and operational capabilities internationally.