Maeil Holdings Co., Ltd.

Maeil Holdings Co., Ltd.

KKRX:005990
9,720.00
KRW
-630.00
(-6.09%)
6,391.38EPS
3.79P/E
135.92BMarket 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
226,315.96
241,292.86
258,764.83
271,100.71
153,597.32
113,232.06
121,753.36
129,926.91
142,352.31
157,959.12
171,479.92
176,225.67
173,347.23
178,292.59
Basic EPS, GAAP
3,599.12
4,030.26
4,499.43
6,710.05
62
1,930
1,728
154
3,575
520
3,970
1,947
2,565
2,905.29
Free Cash Flow per Basic Share
1,138.84
-2,880.82
1,697.78
2,472.24
1,291.83
1,511.98
4,001.21
20.52
3,950.09
-1,436.2
10,689.59
3,562.63
2,660
6,274.4
Dividend per Share
262.32
265.21
264.87
262.26
322.53
276.9
412.72
480.02
466.78
625.86
606.11
659.47
716.55
- -
Book Value per Share
55,107.51
57,980.7
61,340.77
67,308.5
19,133.41
20,817.21
22,399.18
22,569.58
26,267.5
26,999.21
30,645.79
32,393.26
34,904.17
35,214.56
Tangible Book Value per Share
53,434.78
55,929.28
59,065.66
64,426.02
17,784.2
19,786.98
21,385.27
21,435.24
25,065.09
25,646.97
28,997.73
29,558.06
31,705.69
32,117.6
Basic Weighted Avg Shares
6
6
6
6
10
13
13
13
13
13
13
12
13
12
Sales/Revenue/Turnover
1,364,375
1,447,943
1,542,188
1,622,174
1,493,630
1,490,771
1,590,752
1,661,650
1,806,735
1,979,261
2,146,399
2,190,171
2,196,211
2,218,921
Operating Margin (%)
2.54
1.98
2.36
3.68
4.22
4.51
5.31
5.03
5.22
3.79
3.83
3.58
2.91
3.16
Depreciation Expense
34,224
35,317
36,328
40,852
38,917
42,150
54,761
55,886
61,316
61,925
69,345
77,005
82,176
83,690
Net Income, GAAP
21,698
24,185
26,816
40,151
603
25,410
22,577
1,970
45,374
6,516
49,692
24,198
32,497
36,157
Effective Tax Rate (%)
32.47
25.19
25.42
29.46
21.52
31.69
22.37
36.83
24.4
38.15
19.1
28.02
25.28
24.71
Profit Margin (%)
1.59
1.67
1.74
2.48
0.04
1.7
1.42
0.12
2.51
0.33
2.32
1.1
1.48
1.63
Working Capital
145,653
183,997
233,985
228,468
164,736
166,798
198,082
225,230
450,273
310,509
428,509
471,291
441,165
467,478
LT Debt
75,478
104,304
163,496
145,597
92,742
75,698
69,864
108,715
309,251
228,221
227,785
232,366
148,590
146,175
Total Equity
369,361
387,695
405,077
434,403
470,445
516,067
573,844
589,001
667,123
669,368
744,496
787,444
856,077
867,212
Return on Invested Capital (%)
4.78
3.97
4.62
6.68
7.67
7.07
9.44
6.94
7.82
4.44
6.54
5.38
4.29
4.71
Return on Capital (%)
5.16
5.28
5.45
8.14
-2.37
-1.5
-2.71
-4.69
-0.07
0.1
1.91
-0.1
0.07
-0.09
Return on Common Equity (%)
6.82
7.13
7.54
10.51
0.18
9.68
8.01
0.68
14.67
1.95
13.77
6.16
7.8
8.65

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
130,707
132,560
133,950
LT Borrowings
99,897
99,907
99,916
LT Finance Leases
33,542
48,683
46,259
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
136,783
136,783
135,918

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
821,548
840,325
873,763
Cash, Cash Equivalents & STI
328,432
345,624
368,658
Accounts Receivable, Net
210,530
202,537
213,968
Inventories
238,161
247,772
245,259
Total Current Liabilities
391,697
399,160
406,284
Payables & Accruals
- -
- -
- -
ST Debt
130,707
132,560
133,950
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.84%
7.86%
8.72%
Free Cash Flow
1,808.85%
3,587.16%
-23.89%
Net Income, GAAP
672.71%
552.76%
34.3%
Sales/Revenue/Turnover
3.73%
5.81%
0.28%
Total Cash Common Dividend
22.17%
8.88%
10.76%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
534,176
541,353
561,203
553,439
2,190,171
2025
534,864
550,688
564,501
546,158
2,196,211
2026
557,574
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
731
396
679
127.86
1,947
2025
240
568
736
1,064.17
2,565
2026
536.86
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
659.47
2025
- -
- -
- -
- -
716.55
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
40
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Seoul South Korea
IPO Date
May 14, 1999
Website
maeil.com
Business
Maeil Holdings Co., Ltd. is a South Korea-based holding company engaged in the manufacturing, marketing, and distribution of dairy products, specialized nutritional foods, packaged beverages, and bakery goods, as well as the operation of premium food service and restaurant chains. Founded in 1969 and headquartered in Seoul, South Korea, the company operates through a portfolio of core operating subsidiaries and affiliates, including Maeil Dairies Co., Ltd., M's Seed Co., Ltd., Sangha Farm Co., Ltd., and M's Bakers Co., Ltd. The company's core product and service portfolio comprises: fresh milk, low-fat milk, and lactose-free milk products marketed under the Maeil Milk brand; spoonable and drinking fermented yogurts under the Maeil Bio brand; artisanal, natural, and processed cheeses under the Sangha Cheese brand; infant milk formulas, baby food purees, and specialized metabolic disorder medical formulas under the Absolute and Baby Well brands; adult health functional nutrition, protein supplements, and medical food formulations under the Selex and Mediwell brands; ready-to-drink chilled cup and bottled coffees under the Barista Rules and My Café Latte brands; fruit juices under the Sunup brand; plant-based beverages including oat milk under the Amazing Oat brand, soy beverages under Maeil Soymilk, and almond milk distributed under partnership with Blue Diamond Growers; specialty café and espresso store operations under the Paul Bassett brand; Chinese fine dining restaurants under the Crystal Jade Korea brand; artisanal bakery products and premium desserts under the Mildo and M's Bakers brands; and sustainable agricultural farming, organic food manufacturing, and eco-tourism hospitality services managed through Sangha Farm. Geographically, the company maintains extensive manufacturing facilities, logistics networks, and retail presences across South Korea, while exporting its nutritional formulas, dairy powders, and ready-to-drink beverages to overseas markets, including China, the United States, Australia, Vietnam, and Indonesia. In recent developments, the group has executed strategic reorganizations and portfolio expansions to accelerate growth in high-value nutritional categories and food service channels. Maeil Dairies completed an absorption merger of its functional nutrition subsidiary, Maeil Health Nutrition Co., Ltd., integrating the Selex adult health functional food and clinical nutrition business directly into the core operating entity to maximize operational synergies and expand its global nutrition footprint. Furthermore, dessert subsidiary M's Bakers acquired and scaled the artisanal bakery brand Mildo, integrating its product lineup across major department store retail outlets, Paul Bassett coffee shops, and Sangha Farm hospitality venues. The company has also expanded its international presence through increased Halal-certified product lines and deepened its footprint in plant-based milk alternatives and medical nutrition products.