1. South Korea Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Moorim SP Co., Ltd.

Moorim SP Co., Ltd.

KKRX:001810
1,002.00
KRW
-8.00
(-0.79%)
-180.83EPS
33.80BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10,103.7
9,749.07
9,599.34
9,380
9,174.36
6,338.34
6,209.2
5,630.51
5,986.2
6,928.6
7,309.4
7,964.8
9,289.9
9,781.83
Basic EPS, GAAP
437
-55
76
117
472
505
61
79
190
-397
-261
149
-78
-183.61
Free Cash Flow per Basic Share
281.61
519.77
470.58
750.54
276.71
-494.02
223.61
648.33
-139.14
-1,109.61
969.03
-1,263.6
-194.59
-277.88
Dividend per Share
79.94
50.38
35.19
35.1
30.01
35
34.89
34.79
25.06
24.99
14.97
9.97
10
- -
Book Value per Share
7,892.11
8,143.26
8,174.62
8,266.12
8,737.59
9,212.33
9,203.36
9,247.6
9,519.5
9,321.19
8,955.82
9,074.7
8,987.55
8,864.8
Tangible Book Value per Share
7,781.01
7,788.57
7,827.16
7,916.9
8,396.88
8,868.51
8,861.32
8,905.87
9,181.15
8,982.34
8,620.34
8,751.79
8,664.81
8,541.57
Basic Weighted Avg Shares
22
22
22
22
22
22
22
22
22
22
22
22
22
22
Sales/Revenue/Turnover
223,826
214,188
211,382
207,075
203,041
140,316
137,894
125,407
132,202
153,455
162,094
176,866
205,671
216,545
Operating Margin (%)
4.76
5.79
4.54
4.76
3.71
1.37
0.86
5.27
4.61
-4.68
-4.5
0.37
0.86
0.68
Depreciation Expense
2,890
3,238
3,465
3,367
3,158
2,938
2,824
2,774
2,714
2,684
1,877
2,021
2,198
2,236
Net Income, GAAP
9,681
-1,208
1,674
2,583
10,446
11,180
1,355
1,760
4,196
-8,793
-5,788
3,309
-1,727
-4,065
Effective Tax Rate (%)
23.35
773.26
40.52
30.83
17.81
10
- -
40
23.17
- -
- -
11.6
- -
- -
Profit Margin (%)
4.33
-0.56
0.79
1.25
5.14
7.97
0.98
1.4
3.17
-5.73
-3.57
1.87
-0.84
-1.88
Working Capital
45,472
49,931
30,916
30,001
29,931
41,301
36,926
47,380
37,359
41,444
24,606
19,316
48,254
46,917
LT Debt
22,848
26,988
12,367
7,198
10,030
10,000
15,120
21,310
5,020
20,026
15,172
12,155
40,064
40,048
Total Equity
174,726
183,768
181,808
184,194
194,768
205,449
205,079
206,097
212,253
207,982
199,949
202,608
200,735
198,021
Return on Invested Capital (%)
3.59
-34.92
2.34
2.89
2.6
0.67
- -
1.58
1.84
- -
- -
0.22
- -
- -
Return on Capital (%)
5.05
-5.57
1.01
1.55
4.75
4.82
- -
0.96
1.83
- -
- -
2.38
- -
- -
Return on Common Equity (%)
5.72
-0.68
0.93
1.42
5.55
5.63
0.66
0.86
2.02
-4.22
-2.86
1.66
-0.86
-2.05

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
47,941
50,805
56,956
LT Borrowings
39,966
39,969
39,973
LT Finance Leases
115
95
75
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
35,265
33,118
33,804

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
115,915
120,021
122,652
Cash, Cash Equivalents & STI
42,602
47,056
45,733
Accounts Receivable, Net
28,818
26,906
29,472
Inventories
41,816
42,594
41,595
Total Current Liabilities
66,096
71,767
75,735
Payables & Accruals
- -
- -
- -
ST Debt
47,941
50,805
56,956
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.04%
-0.49%
-0.92%
Free Cash Flow
-16.05%
15.16%
-84.65%
Net Income, GAAP
-20.68%
-102.92%
-152.19%
Sales/Revenue/Turnover
0.69%
10.51%
16.29%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44,160
44,007
44,748
43,951
176,866
2025
46,765
50,540
53,800
54,565
205,671
2026
57,640
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
179
59
-93.24
149
2025
-6
188.75
-68.12
-192.75
-78
2026
-111.49
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9.97
2025
- -
- -
- -
- -
10
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Do-Kyoon Lee
Full Time Employees
216
Sector
Process industries
Industry
Pulp & paper
Address
Seoul South Korea
IPO Date
Jan 4, 2000
Website
moorim.co.kr
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Business
Moorim SP Co., Ltd. is a South Korea-based specialty paper manufacturer engaged in the development, production, and distribution of high-value-added specialty papers, eco-friendly packaging materials, and industrial paper solutions. As a core operating affiliate of the Moorim Group alongside Moorim Paper Co., Ltd. and Moorim P&P Co., Ltd., the company serves commercial printing, publishing, food and beverage packaging, cosmetics, consumer goods, and industrial manufacturing sectors across domestic and global markets. Moorim SP categorizes its business operations into three main product categories: Specialty and Industrial Papers, Eco-friendly Packaging Materials, and Printing and Office Papers. Its product and service offerings comprise cast-coated papers (NeoCCP) for premium packaging and labels; silicone base and release papers (Neo-release) for industrial adhesive tapes and stickers; non-fluorescent white papers; specialty fancy and decorative papers; barrier base papers; sustainable, plastic-alternative packaging solutions under the Neoforet brand, including Neoforet PACK for food and beverage containers, Neoforet STRAW for paper drinking straws, Neoforet FLEX for flexible food and cosmetic packaging, and recyclable paper cushioning materials; functional paper products, including eco-friendly pulp-based absorbent pads for fresh food packaging; and cultural and office papers, including art papers, woodfree papers, and multi-purpose copy paper marketed under the M copy brand. In recent developments, Moorim SP has accelerated its strategic transition toward high-margin, sustainable materials by expanding commercial production of its biodegradable and recyclable Neoforet portfolio, which holds food-contact certifications from the U.S. FDA and Germany's BfR. The company has also broadened its functional eco-packaging lineup through the commercialization of specialized absorbent pads for food logistics, while advancing corporate value-enhancement initiatives aimed at streamlining operational efficiencies across its specialty production lines and capitalizing on growing global demand for plastic-replacement solutions. Founded in 1956 as Cheonggu Paper Industry Co., Ltd. and renamed Moorim SP Co., Ltd. in 2006, the company is headquartered in Daegu, South Korea, where it operates its central manufacturing facility, supported by sales and corporate management operations in Seoul.