Dohwa Engineering Co., Ltd.

Dohwa Engineering Co., Ltd.

KKRX:002150
5,330.00
KRW
-160.00
(-2.91%)
198.35EPS
18.82P/E
165.15BMarket 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
8,015.11
6,920.92
8,318.01
9,768.5
11,988.55
11,932.35
15,409.92
17,242.55
17,344.17
15,910.96
17,272.3
21,096.2
20,970.17
21,011.47
Basic EPS, GAAP
163
92
538
38
352
409
519
535
451
47
623
-191
220
263.55
Free Cash Flow per Basic Share
477.44
-3.05
368.18
235.98
139.91
793.78
1,035.22
-355.91
465.1
341.87
614.42
550.34
-20.23
-1,468.81
Dividend per Share
75.02
100.34
100.02
149.24
168.86
189.95
220.13
251.27
280.06
266.87
280.05
337.48
279.9
300.19
Book Value per Share
6,568.03
6,467.03
6,951.66
6,838.98
6,992.24
7,422.29
7,536.78
7,713.47
7,976.29
7,986.29
8,201.85
7,678.97
7,625.26
7,481.2
Tangible Book Value per Share
6,382.8
6,303.12
6,809.56
6,712.94
6,873.42
7,298.11
7,413.8
7,539.35
7,795.52
7,793.72
7,940.99
7,375.75
7,212.61
7,027.38
Basic Weighted Avg Shares
34
33
33
33
33
34
33
33
33
35
33
28
33
33
Sales/Revenue/Turnover
270,206
229,647
275,048
324,738
398,950
402,473
516,128
574,923
577,393
555,824
574,991
582,787
698,475
699,162
Operating Margin (%)
2.51
0.84
1.65
4.58
4.14
4.3
5.24
4.18
3.46
2.15
3.81
-2.3
4.31
3.43
Depreciation Expense
3,674
5,017
3,859
3,623
3,376
3,358
4,016
4,452
6,226
6,371
6,381
7,207
10,307
11,599
Net Income, GAAP
5,495
3,053
17,790
1,263
11,714
13,795
17,383
17,839
15,014
1,642
20,740
-5,276
7,328
8,770
Effective Tax Rate (%)
22.65
23.81
27.21
91.7
24
23.18
23.07
24.77
31.66
45.86
20.33
- -
28.44
40.67
Profit Margin (%)
2.03
1.33
6.47
0.39
2.94
3.43
3.37
3.1
2.6
0.3
3.61
-0.91
1.05
1.25
Working Capital
58,218
29,488
23,758
16,943
24,090
32,803
31,294
41,755
35,633
517
10,172
-39,819
-18,632
-34,719
LT Debt
50,500
50,000
- -
- -
4,133
3,855
3,998
25,296
33,584
32,781
44,733
31,958
143,402
145,359
Total Equity
218,690
213,893
229,922
226,064
235,778
248,740
252,577
256,836
266,929
267,317
274,364
256,406
251,988
245,550
Return on Invested Capital (%)
1.84
0.53
1.28
0.52
5.3
5.28
7.92
6.54
4.57
2.1
5.41
- -
6.17
3.45
Return on Capital (%)
2.7
1.68
7.27
0.55
5.09
5.7
6.88
6.67
5.42
0.86
7.25
- -
3.71
3.65
Return on Common Equity (%)
2.52
1.41
8.02
0.55
5.07
5.69
6.93
7
5.75
0.62
7.7
-2
2.88
3.54

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10,902
48,509
69,435
LT Borrowings
142,456
144,907
144,353
LT Finance Leases
946
1,023
1,006
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
212,427
206,434
165,147

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
297,854
300,345
303,963
Cash, Cash Equivalents & STI
94,701
84,270
98,465
Accounts Receivable, Net
160,015
167,344
165,886
Inventories
- -
- -
- -
Total Current Liabilities
316,486
328,826
338,682
Payables & Accruals
- -
- -
- -
ST Debt
10,902
48,509
69,435
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.98%
-0.31%
-1.72%
Free Cash Flow
-1.81%
-62.43%
-104.43%
Net Income, GAAP
147.47%
138.79%
-238.88%
Sales/Revenue/Turnover
10.28%
4.27%
19.85%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
123,981
151,519
130,764
176,523
582,787
2025
157,508
166,874
180,718
193,374
698,475
2026
155,457
169,613
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
80
164
-128
-278.69
-191
2025
131.67
-106
158.51
35.96
220
2026
-54.78
124
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
262.46
- -
- -
- -
337.48
2025
- -
- -
- -
- -
279.9
2026
300
- -
- -
- -
- -

Company Description

CEO
Seung-Woo Park
Full Time Employees
2,912
Sector
Industrial services
Industry
Engineering & construction
Address
438, Samseong-ro Seoul SL South Korea 06178
IPO Date
Aug 12, 2010
Business
Dohwa Engineering Co., Ltd. is a leading South Korean multidisciplinary engineering consulting and construction firm founded in 1957 and headquartered in Seoul. The company provides comprehensive engineering services including planning, feasibility studies, design, analysis, testing, supervision, commissioning, evaluation/assessment, consulting, and training across diverse sectors such as water supply and wastewater treatment, water resources management, urban planning, road traffic, structures, harbor and ports, rail, environmental engineering, and energy. Dohwa also offers engineering, procurement, and construction (EPC) services encompassing design of constructions, procurement and supply of materials, construction works, commissioning, permits, and licenses. Its operations span over 80 countries, serving both domestic and international markets with a workforce of approximately 2,300 employees. Recent major developments include Dohwa’s strategic expansion in business scope to cover EPC, project management consulting (PMC), front-end engineering design (FEED), and operation and maintenance (O&M) services, enhancing its role beyond traditional engineering consulting. In 2024, Dohwa strengthened its global footprint through impactful partnerships and contracts in infrastructure projects across Asia, Latin America, Africa, and Europe, and hosted Infrastructure Development Forums to foster global collaboration. The company’s focus remains on delivering innovative engineering solutions for sustainable development and expanding its operations in emerging markets. Dohwa continues to drive growth through business development initiatives and international project wins, emphasizing sustainable infrastructure and eco-friendly urban development. Dohwa’s client base includes public and private sector entities, with projects often financed by multilateral development banks and international cooperatives. The company’s portfolio features major projects such as Saemangeum Waterfront City, Busan Eco-Delta Smart City, and multiple large-scale water and wastewater treatment facilities. Dohwa maintains a robust presence in sectors including civil engineering, energy, environmental management, transport infrastructure, and urban development, supported by subsidiaries and regional offices in countries including India, the Philippines, Poland, and Latin American markets. Overall, Dohwa Engineering Co., Ltd. consolidates its position as South Korea’s top engineering firm by expanding its comprehensive service offerings, pursuing international project growth, and delivering sustainable infrastructure solutions globally. This strategic progression positions Dohwa as a competitive global engineering and EPC services provider in the mid-2020s.