1. South Korea Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
SBW, Inc.

SBW, Inc.

102280.KS
SBW, Inc.KR flagKorea Exchange
450.00
KRW
-240.00
- -
118.16BMarket Cap
SBW, Inc.
102280.KS
(Korea Exchange)

Recent

price

450.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
13,303.83
13,058.47
14,662.56
14,538.46
12,484.5
12,689.07
12,404.39
7,430.74
7,155.6
6,640.85
6,238.11
5,545.22
3,815.59
3,937.75
3,607.95
3,506.09
3,508.35
Revenue per Share
-346.02
352.92
558.09
314.56
-176.46
-113.93
-44.95
-1,057.61
9,365.11
-6,223.73
-2,378.17
-920
-730
-3,660
-994.42
-393.84
-76.44
Basic EPS, GAAP
1,078.74
934.64
262.35
-130.15
-373.1
-469.57
-953.96
-819.33
29.16
142.3
-197.16
436.1
-396.82
-389.37
-137.53
120.51
-14.21
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
3,486.21
3,873.16
4,487.31
4,743.63
4,580.11
4,645.37
6,159.86
3,572.75
12,879.07
6,405.2
3,989.83
5,572.48
3,558.19
-201.16
-1,197.5
-6,504.37
-6,739.3
Book Value per Share
5,396.28
5,789.37
6,577.08
6,755.99
6,563.37
6,727.58
15,125.17
11,182.42
19,504.87
13,140.94
10,725
12,211.21
8,931.38
5,239.62
4,277.83
3,816.64
3,606.71
Tangible Book Value per Share
11
11
11
11
11
11
11
15
15
15
15
18
25
26
26
26
26
Basic Weighted Avg Shares
143,985
139,963
158,821
158,740
136,171
138,950
142,637
113,768
109,639
101,657
95,502
97,236
97,009
103,275
94,738
91,990
91,863
Sales/Revenue/Turnover
0.57
5.67
5.06
3.34
-0.18
0.2
0.73
-13.26
-19.71
0.56
-10.89
-1.3
-1.75
1.3
0.39
-2.49
3.44
Operating Margin (%)
6,739
5,222
6,709
3,460
2,737
2,889
2,971
2,892
3,359
2,584
4,757
4,599
2,501
1,092
1,008
1,132
1,086
Depreciation Expense
-3,745
3,783
6,045
3,435
-1,925
-1,248
-517
-16,193
143,493
-95,272
-36,409
-16,132
-18,560
-95,991
-26,111
-10,333
-2,002
Net Income, GAAP
- -
12.55
19.78
17.92
- -
- -
553.02
- -
26.37
- -
- -
- -
- -
- -
- -
- -
0.06
Effective Tax Rate (%)
-2.6
2.7
3.81
2.16
-1.41
-0.9
-0.36
-14.23
130.88
-93.72
-38.12
-16.59
-19.13
-92.95
-27.56
-11.23
-2.18
Profit Margin (%)
24,136
32,308
38,232
42,726
48,911
52,386
135,597
117,948
275,868
-53,112
-66,256
-8,357
126,422
74,512
73,874
73,556
67,105
Working Capital
7,006
6,356
2,060
5,795
14,985
14,982
- -
10,485
- -
7,161
5,259
11,816
2,383
7,137
5,563
7,789
6,858
LT Debt
60,688
64,570
73,670
76,357
74,745
76,740
176,903
174,316
301,930
204,041
166,040
215,384
228,313
138,653
113,556
101,366
95,667
Total Equity
- -
6.73
6.31
4.16
- -
- -
-2.86
- -
-5.97
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
8.64
9.62
6.23
- -
- -
-9.55
- -
91.87
- -
- -
- -
- -
- -
- -
- -
9
Return on Capital (%)
-9.09
9.55
13.42
6.84
-3.78
-2.47
-0.85
-25.8
113.87
-64.51
-45.76
-20.32
-19.73
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
7,348
6,065
7,257
LT Borrowings
3,321
3,328
3,121
LT Finance Leases
4,468
4,130
3,736
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
26
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
89,001
88,133
85,219
Cash, Cash Equivalents & STI
23,816
18,820
17,615
Accounts Receivable, Net
13,794
14,142
14,368
Inventories
46,811
49,371
48,453
Total Current Liabilities
15,444
17,531
18,114
Payables & Accruals
- -
- -
- -
ST Debt
7,348
6,065
7,257
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.88%
-6.48%
-10.74%
Free Cash Flow
-66.31%
-167.25%
-187.55%
Net Income, GAAP
200.32%
48.67%
-60.43%
Sales/Revenue/Turnover
-3.77%
-0.62%
-2.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
26,384
23,073
22,189
23,091
94,738
2024
20,195
22,903
21,989
26,903
91,990
2025
18,640
24,331
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-180
-80
-230
- -
-994.42
2024
-430
-110
78.72
- -
-393.84
2025
-63.03
-161.85
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
SBW, Inc. (102280.KS) manufactures, distributes and sells men's and women's underwear and innerwear products in South Korea and select international markets. The company offers a comprehensive range of innerwear under brands including TRY, CHAVILLE, HEAT UP, COOLUTION, S.MILE, CRIKET, JAMES CASTLER, M:MUR, UBER MAN, CHIVANT, TAGGER, & STYLE SHOP, CHERRY and BerryBerry; these encompass lingerie, meriyatsu, sleepwear, socks, kids' underwear, trunk-style bottoms such as HANAMAN for women and functional items like heat-retaining and cooling apparel. SBW operates primarily through domestic sales channels supplemented by online platforms and exports to regions including China, the United States, Japan, Dubai, North and South America, Europe, Southeast Asia, Africa and Oceania, with manufacturing facilities in China. Founded in 1954 and headquartered in Seoul, South Korea, the company, formerly known as SSANGBANGWOOL&TRYGROUP.Inc, changed its name to SBW, Inc. in 2011. In recent years, SBW has focused on product innovation amid shifting consumer preferences toward comfort-driven items like square pants, trunk underwear and strapless bras, while reporting 2024 revenue of 91.99 billion KRW, down 2.90% from the prior year. The company continues domestic market leadership in underwear without notable recent acquisitions, partnerships or major strategic shifts publicly reported in 2024-2025.