MSC Co., Ltd

MSC Co., Ltd

KKRX:009780
7,120.00
KRW
-170.00
(-2.33%)
1,322.32EPS
4.94P/E
114.93BMarket 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
7,227.29
7,342.46
765.7
7,707.65
4,031.45
8,221.53
8,555.76
8,317.48
9,207.32
11,610.05
10,738.47
10,785.34
11,228.27
11,228.48
Basic EPS, GAAP
186.15
269.55
29.25
563.5
319
608
659
508
874.35
1,030
1,049
1,237
1,307
1,322.32
Free Cash Flow per Basic Share
399.19
-413.01
4.42
889.19
106.16
229.99
482.6
282.58
960.78
-611.13
-17.72
357.46
1,190.73
376.76
Dividend per Share
14.18
14.77
1.48
14.77
14.99
50.03
59.97
60.01
60
60.01
59.98
100.03
109.97
- -
Book Value per Share
2,285.15
2,503.92
2,826.72
3,394.82
4,023.55
4,577.08
5,189.82
5,723.69
6,574.93
7,565.18
8,543.17
9,634.92
10,750.48
11,011.37
Tangible Book Value per Share
2,202.77
2,386.72
2,709.67
3,275.95
3,904.82
4,449.65
5,060.27
5,594.14
6,445.79
7,435.98
8,422.6
9,540.63
10,659.11
10,920.73
Basic Weighted Avg Shares
18
18
176
18
35
18
18
18
18
18
18
18
18
18
Sales/Revenue/Turnover
127,198
129,226
134,818
135,618
141,955
144,605
150,667
146,371
162,049
204,299
189,048
189,757
197,663
197,621
Operating Margin (%)
4.52
5.37
5.9
9.51
9.03
9.32
9.74
8.8
13.13
12.08
12.54
14.5
15
14.96
Depreciation Expense
5,515
5,582
5,615
6,072
6,185
6,045
6,747
6,491
6,363
5,997
6,082
6,988
6,908
6,923
Net Income, GAAP
3,276
4,744
5,150
9,915
11,233
10,694
11,605
8,940
15,388
18,125
18,467
21,764
23,008
23,273
Effective Tax Rate (%)
24.5
9.2
22.13
19.78
6.62
19.53
18.94
28.34
24.1
23.11
21.17
18.75
19.58
20.75
Profit Margin (%)
2.58
3.67
3.82
7.31
7.91
7.4
7.7
6.11
9.5
8.87
9.77
11.47
11.64
11.78
Working Capital
-7,410
-5,417
-3,724
-1,149
-410
13,491
16,636
15,921
33,167
52,754
49,608
48,883
66,721
53,926
LT Debt
2,917
4,583
4,250
4,500
2,500
10,700
8,860
295
134
169
672
749
808
659
Total Equity
40,219
44,069
49,750
59,749
70,814
80,557
91,341
100,737
115,719
133,147
150,360
169,575
189,208
193,800
Return on Invested Capital (%)
5.18
7.14
6.48
10.16
10.88
9.13
9.32
6.79
10.93
11.19
9.86
10.59
10.1
9.73
Return on Capital (%)
5.67
7.14
6.59
11
11.37
9.91
9.91
7.09
10.9
11.4
10.65
11.35
10.24
10.05
Return on Common Equity (%)
8.52
11.26
10.98
18.11
17.21
14.13
13.5
9.31
14.22
14.57
13.03
13.61
12.83
12.65

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
51,696
51,835
53,696
LT Borrowings
- -
- -
- -
LT Finance Leases
868
808
659
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
180,048
139,392
114,928

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
138,506
144,065
134,046
Cash, Cash Equivalents & STI
41,494
48,116
35,795
Accounts Receivable, Net
26,767
24,318
25,160
Inventories
66,999
67,983
69,741
Total Current Liabilities
74,655
77,344
80,119
Payables & Accruals
- -
- -
- -
ST Debt
51,696
51,835
53,696
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.33%
13.44%
11.58%
Free Cash Flow
0.79%
-380.71%
233.3%
Net Income, GAAP
20.19%
23.08%
5.72%
Sales/Revenue/Turnover
4.23%
6.77%
4.17%
Total Cash Common Dividend
- -
- -
10%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
45,588
46,397
46,988
50,783
189,757
2025
48,217
50,834
51,820
46,792
197,663
2026
48,175
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
232
322
327
354.86
1,237
2025
366
348.87
304.89
287.21
1,307
2026
381.34
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
100.03
2025
- -
- -
- -
- -
109.97
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
525
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Yangsan-si South Korea
IPO Date
Oct 12, 1993
Business
MSC Co., Ltd. is a South Korea-based fine food ingredients and food additives manufacturer primarily engaged in the research, development, production, and distribution of natural hydrocolloids, food additives, savory seasonings, beverage bases, and functional dietary materials. Founded in 1974 as Myeong Shin Chemical Ind. Co., Ltd. and adopting its current name in December 1997, the company is headquartered in Yangsan-si, Gyeongsangnam-do, South Korea, and is publicly traded on the KOSDAQ market of the Korea Exchange under the ticker symbol 009780. The company operates across multiple integrated business divisions and maintains an extensive product portfolio that comprises hydrocolloids and gelling systems, including refined, semi-refined, and customized blend carrageenan formulations (Kappa, Iota, Lambda, and hybrid gums), agar-agar, and specialized natural gums used for texture modification, stabilization, gelling, and emulsification across dairy, processed meat, confectionery, pharmaceutical, and cosmetic applications; natural food colorants and botanical pigments; savory seasonings, compound seasoning powders, culinary sauces, natural spices, oleoresins, herbal and cereal extracts, and savory flavor bases utilized in instant noodles, soups, snacks, and meat processing; concentrated fruit and vegetable juices, functional beverage formulations, and health-functional food ingredients; contract manufacturing, OEM, and ODM packaging services utilizing automated polyethylene terephthalate (PET) bottling, cheer pack, and spout-pouch filling lines; and agricultural bio-fertilizers derived from marine byproduct processing. The company supplies prominent domestic food and beverage manufacturers, including CJ CheilJedang, Nongshim, Samyang Foods, and Lotte, while expanding export operations across the Asia-Pacific region, the Americas, and Europe. MSC Co., Ltd. operates specialized subsidiaries and affiliated entities, including Miryang Agar-Agar, dedicated to industrial and edible agar-agar processing, and Zenfood, focusing on portion-control packaging and processed food manufacturing. In recent corporate developments, MSC Co., Ltd. initiated a major capital expenditure program totaling approximately KRW 145.7 billion to construct a new third production facility in Yangsan with completion targeted for September 2028. This strategic expansion is designed to scale up manufacturing capacity in response to accelerating global export demand for Korean food products, particularly ramen seasonings and convenience food ingredients, while incorporating advanced ethanol extraction, freeze-drying facilities, flavor synthesis technologies, and next-generation processing lines for health-functional food materials and bio-ingredients.