1. South Korea Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
Asia Paper Manufacturing Co., Ltd.

Asia Paper Manufacturing Co., Ltd.

KKRX:002310
7,120.00
KRW
-20.00
(-0.28%)
708.52EPS
10.98P/E
294.82BMarket 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
14,439.74
13,782.95
13,382.68
14,173.78
16,306.21
17,324.81
15,579.05
16,338.78
21,118.68
22,852.84
4,162.15
21,847.12
21,890.61
22,808.62
Basic EPS, GAAP
430.6
416.2
-865.4
464.2
112.4
1,757
1,372
1,211.4
2,032
2,108
371.4
587
758
708.52
Free Cash Flow per Basic Share
354.47
820.12
-126.04
-649.06
-1,418.23
1,920.61
593.45
1,135.77
1,060.16
1,650.68
132.37
924.78
-238.84
-24.83
Dividend per Share
78.44
80.01
90
- -
99.94
90
150
120
140
179.99
60.62
396.67
273.54
50.59
Book Value per Share
10,501.36
10,799.09
9,859.44
10,323.25
10,286.59
11,913.78
13,060.35
14,146.15
15,953.12
17,959.82
20,168.19
21,026.92
22,003.71
22,380.63
Tangible Book Value per Share
10,274.09
10,572.29
9,694.96
10,157.78
10,174.32
11,801.51
12,907
13,992.7
15,804.46
17,811.16
20,010.17
20,859.58
21,842.5
22,217.19
Basic Weighted Avg Shares
45
45
45
45
45
45
45
45
45
45
218
41
39
38
Sales/Revenue/Turnover
644,991
615,423
597,676
633,032
728,592
775,845
697,656
731,632
945,734
1,023,393
908,334
891,065
855,126
874,443
Operating Margin (%)
3.96
4.03
-0.11
3.87
0.74
12.67
10.19
8.98
9.93
10.69
9.64
2.98
3.18
3.02
Depreciation Expense
35,517
32,428
29,921
30,344
34,872
36,410
40,833
45,839
46,645
48,086
49,229
49,485
49,740
51,630
Net Income, GAAP
19,234
18,584
-38,649
20,732
5,022
78,682
61,441
54,245
90,997
94,400
81,053
23,942
29,610
27,163
Effective Tax Rate (%)
24.44
20.56
- -
23.29
61.47
23.68
20.84
26.8
15.09
22.32
19.66
33.29
28.16
32.45
Profit Margin (%)
2.98
3.02
-6.47
3.28
0.69
10.14
8.81
7.41
9.62
9.22
8.92
2.69
3.46
3.11
Working Capital
73,457
75,534
53,150
70,606
70,104
109,099
139,267
152,143
190,491
267,386
250,501
239,396
204,990
199,970
LT Debt
49,997
39,479
41,350
63,792
81,137
68,113
89,364
65,976
42,741
19,386
7,475
4,635
2,674
3,886
Total Equity
469,114
482,415
440,429
461,143
460,772
533,529
584,875
633,500
714,421
804,286
849,757
835,937
845,326
848,098
Return on Invested Capital (%)
3.73
3.17
- -
3.29
0.33
11.02
7.81
6.35
9.87
9.71
7.62
1.92
2.14
1.91
Return on Capital (%)
4.53
3.53
- -
3.94
1.03
12.2
9.11
7.59
11.73
11.21
9.2
2.83
3.45
3.11
Return on Common Equity (%)
5.34
3.91
-8.38
4.6
1.09
15.83
10.99
8.9
13.5
12.43
9.8
2.84
3.52
3.21

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
69,937
88,615
73,588
LT Borrowings
150
150
150
LT Finance Leases
2,524
3,387
3,736
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
306,187
322,481
294,818

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
356,548
372,799
359,613
Cash, Cash Equivalents & STI
147,123
159,869
141,033
Accounts Receivable, Net
122,762
123,551
135,094
Inventories
80,126
81,319
76,416
Total Current Liabilities
151,557
180,718
159,643
Payables & Accruals
- -
- -
- -
ST Debt
69,937
88,615
73,588
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.88%
6.1%
1.12%
Free Cash Flow
21.41%
-21.21%
-124.74%
Net Income, GAAP
121.42%
2.11%
23.68%
Sales/Revenue/Turnover
4.26%
4.06%
-4.03%
Total Cash Common Dividend
- -
19.54%
-33.95%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
218,131
227,720
225,707
219,507
891,065
2025
211,065
216,238
214,439
213,384
855,126
2026
217,135
229,486
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
64.8
237
154
-142.51
587
2025
303
254
111.05
88.39
758
2026
211.4
301
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
396.67
2025
- -
- -
- -
50.49
273.54
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hoon Beom Lee
Full Time Employees
281
Sector
Process industries
Industry
Containers/Packaging
Address
430, Nonhyeon-ro Seoul SL South Korea
IPO Date
Dec 15, 1988
Website
asiapaper.co.kr
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Business
Asia Paper Manufacturing Co., Ltd engages in the manufacture and sale of specialized industrial papers, including test linerboards for packaging industrial and agricultural products; gypsum linerboards in ivory/face, grey/back, and green varieties used in architectural gypsum boards; kraft papers; corrugated materials; and corrugated boxes, primarily through subsidiaries handling linerboard and corrugated board production. Founded in 1958 and headquartered in Seoul, South Korea, with major facilities in Sejong and Siheung, the company operates as a leading Korean paper producer targeting clients such as Samsung Electronics and LG Electronics, distributing domestically and overseas in the paper products sector. It maintains subsidiaries for stable supply chains, boasts top national production capacity in linerboards via advanced automated facilities, and emphasizes quality from raw materials to delivery while pursuing environmental sustainability. In early 2025, the company authorized a share buyback plan and completed repurchases including 292,000 shares worth KRW 2.3 billion from July to October, following prior programs in 2024 that repurchased over 2.3 million shares.