1. South Korea Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Chokwang Paint Ltd.

Chokwang Paint Ltd.

KKRX:004910
3,065.00
KRW
-35.00
(-1.13%)
-1,309.85EPS
34.39BMarket Cap
Chokwang Paint Ltd.
KRX:004910
(Korea Stock Exchange)

Recent

price

3,065.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
14,569.73
15,882.49
16,465.65
17,582.92
18,458
18,046.91
17,964.89
19,187.79
19,972.71
19,343.26
19,659.65
23,588
25,648.08
24,854.83
24,331.84
19,798.83
20,102.85
Revenue per Share
1,274
574.34
1,214
1,119
1,596
1,838
1,733
410
-372
-220
436
-2,412
-714
468
1,568
-1,010
-1,309.85
Basic EPS, GAAP
288.49
-885.06
256.47
595.97
402.32
1,734.94
1,150.92
-569.78
-3,939.13
-400.09
238.19
-2,460.14
-3,373.55
187.86
632.9
-237.75
-575.46
Free Cash Flow per Basic Share
149.95
150
179.93
180.06
199.99
199.99
249.91
400.41
250.26
99.86
205.09
200
99.58
99.9
199.38
199.97
- -
Dividend per Share
7,969.72
11,058.25
12,105.11
13,015.7
14,310.46
15,816.82
17,453.52
17,316.86
16,574.03
16,450.92
20,015.79
17,256.19
16,694.81
17,221.25
18,534.75
20,668.87
19,827.79
Book Value per Share
7,960.94
10,839.75
11,886.38
12,792.59
14,089.06
15,599.4
17,236.63
17,086.34
16,359.18
16,296.84
19,806.93
17,072.07
16,493.13
16,859.78
18,122.66
20,186.09
19,363.11
Tangible Book Value per Share
11
11
11
10
10
10
11
10
10
11
10
10
10
10
10
10
10
Basic Weighted Avg Shares
153,001
166,766
172,960
184,561
193,793
189,482
188,697
201,245
209,481
203,362
201,303
238,548
260,471
252,818
248,020
202,668
205,770
Sales/Revenue/Turnover
5.19
3.9
4.1
5.54
8.45
9.67
8.83
2.57
0.06
-0.18
-2.37
-3.69
-0.62
1.47
0.97
-9.62
-10.16
Operating Margin (%)
1,532
1,614
1,816
2,067
2,299
2,418
2,479
2,441
3,246
5,050
6,077
6,658
6,062
6,267
6,735
8,367
9,172
Depreciation Expense
13,379
6,031
12,752
11,746
16,757
19,298
18,203
4,300
-3,902
-2,313
4,464
-24,393
-7,251
4,760
15,983
-10,339
-13,407
Net Income, GAAP
18.07
17.9
23
18.68
16.75
19.59
16.33
- -
- -
- -
- -
- -
- -
2.44
2.75
- -
- -
Effective Tax Rate (%)
8.74
3.62
7.37
6.36
8.65
10.18
9.65
2.14
-1.86
-1.14
2.22
-10.23
-2.78
1.88
6.44
-5.1
-6.52
Profit Margin (%)
11,387
8,483
7,267
13,975
12,430
28,005
48,264
37,506
9,635
4,233
-3,101
17,409
4,421
2,792
-53,108
-37,547
-29,413
Working Capital
- -
- -
- -
- -
- -
- -
7,400
12,400
27,850
36,760
31,054
67,632
79,452
88,914
36,417
64,264
70,891
LT Debt
83,682
116,112
127,104
136,665
150,260
166,077
183,262
181,827
174,027
172,735
202,420
174,512
169,733
175,296
190,123
211,984
203,386
Total Equity
6.17
3.63
3.24
4.7
7.3
7.6
7.03
- -
- -
- -
- -
- -
- -
1.18
0.76
- -
- -
Return on Invested Capital (%)
13.74
5.76
8.65
7.51
9.75
10.43
9.47
- -
- -
- -
- -
- -
- -
4.37
6.94
- -
- -
Return on Capital (%)
17.23
6.04
10.49
8.91
11.68
12.2
10.42
2.36
-2.19
-1.33
2.38
-12.94
-4.21
2.76
8.77
-5.15
-6.96
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
63,620
74,316
80,146
LT Borrowings
63,554
61,987
70,419
LT Finance Leases
709
597
472
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
51,582
48,563
34,388

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
104,148
115,752
114,068
Cash, Cash Equivalents & STI
15,536
8,026
13,704
Accounts Receivable, Net
36,774
40,821
43,664
Inventories
48,756
53,440
54,325
Total Current Liabilities
141,696
153,809
143,481
Payables & Accruals
- -
- -
- -
ST Debt
63,620
74,316
80,146
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.84%
1.34%
11.5%
Free Cash Flow
-92.76%
-217.62%
-137.72%
Net Income, GAAP
-141.78%
-162.25%
-164.69%
Sales/Revenue/Turnover
1.1%
0.91%
-18.29%
Total Cash Common Dividend
13.5%
9.5%
0.72%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
58,595
68,721
60,195
60,509
248,020
2025
49,051
53,726
50,755
49,135
202,668
2026
46,409
59,471
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
384.77
389
173
621.4
1,568
2025
109
-540
-190.4
-389.41
-1,010
2026
-448.06
-282
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
199.38
2025
- -
- -
- -
- -
199.97
2026
- -
- -
- -
- -
- -
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Business
Chokwang Paint Co., Ltd. Chokwang Paint Co Ltd (004910.KS) manufactures and sells a broad range of paints, coatings, adhesives, and related chemical products primarily for construction, industrial, automotive, shipbuilding, and heavy-duty applications. The company offers architectural paints including eco-friendly waterborne series such as NATURE N, interior and exterior wall paints, roof and ceiling coatings; waterproof flooring systems like urethane and epoxy-based products; heavy-duty anticorrosion coatings with 5-10 year durability; industrial coatings encompassing heat-dry, natural-dry, fluorine, and water-based paints; carpentry and wood coatings such as SIRCATAN urethane paints and NATURE N wood stains developed in collaboration with Italy's SIRCA; powder coatings like POWLAC that are solvent-free and 100% solid; plastic paints for automotive interiors, mobiles, and appliances via partnerships with Japan's Fujikura and U.S. Red Spot; auto-refinish and maintenance paints including nanotechnology-based glaucerite supplied to luxury brands under a long-term agreement with Germany's BASF Coatings; UV/EB/LED curable coatings for flooring and electronics; energy-saving paints like EVERCOOL infrared-reflective rooftop waterproofing; adhesives and sealants for automotive, packaging, solar cells, and electronics; as well as specialized products like discolor system paints for leak detection, marble epoxy Epideck 3000, and FROPON fluoride resin paints. Chokwang Paint Co., Ltd. operates sales offices in six Korean cities and China, with international exports to markets including the U.S., Vietnam, Indonesia, and Peru; affiliates encompass Chokwang VINA in Vietnam for production, Chokwang Jotun specializing in marine coatings, and CK-EM Solution focused on electrical and electronic materials. Founded in 1947 and headquartered at 148 Samdeok-ro 5beon-gil, Sasang-gu, Busan, South Korea, the company maintains additional facilities including a second factory and research center in Eumseong-gun, Chungcheongbuk-do, and the Chokwang INNO Center in Gunpo, Gyeonggi-do established in 2018 for advanced R&D. In August 2025, Chokwang Paint signed a Memorandum of Understanding (MOU) with KOMSCO to jointly develop advanced structural coloration compositions for industrial coatings using photonic crystal technology, building on three years of prior collaboration in security inks and anti-counterfeiting R&D to expand into eco-friendly colorants and high-value chemical materials sectors like rechargeable batteries and IT. The company continues to invest in R&D for next-generation technologies, maintaining 528 employees and KRW 240 billion in 2024 turnover while emphasizing environmentally friendly, high-performance products across its domestic and global operations.