1. South Korea Stocks

  2. •

    Producer manufacturing

  3. •

    Auto parts: OEM
Myoung Shin Industry Co., Ltd.

Myoung Shin Industry Co., Ltd.

KKRX:009900
9,100.00
KRW
-790.00
(-7.99%)
1,719.76EPS
4.37P/E
388.80BMarket Cap
Nov 12Next Earn
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
76,311.27
80,305.31
84,876.23
71,561.33
14,334.22
179,739.67
325,347.53
24,329.31
23,358.13
28,868.73
33,137.38
29,990.58
30,850.11
33,726.41
Basic EPS, GAAP
2,343
1,570
4,476
1,173
-236
1,797
14,194
-2,670
956
1,633
2,909
2,460
1,302
1,696.09
Free Cash Flow per Basic Share
-21,769.73
-16,015.49
-9,406.13
4,821.91
932.48
8,550.84
17,367.12
-79.62
-1,175.05
462.16
3,597.89
1,876.53
2,247.63
2,939.34
Dividend per Share
- -
127.04
254.04
127.06
81.97
172.47
- -
- -
- -
- -
- -
99.99
149.96
- -
Book Value per Share
1,279.8
1,378.14
1,739.23
1,786.93
1,941.22
1,135.01
1,948.01
4,513.26
5,662.09
7,314.63
10,199.24
13,292.83
14,406.19
16,175.47
Tangible Book Value per Share
1,274.62
1,374.81
1,735.91
1,785.95
1,940.24
1,116.34
1,928.67
4,388.96
5,557.03
7,213.03
10,169.96
13,240.03
14,339.16
16,103.58
Basic Weighted Avg Shares
2
3
3
3
8
2
2
33
47
52
52
52
52
52
Sales/Revenue/Turnover
127,301
208,778
220,694
186,013
115,517
344,193
775,740
809,028
1,107,708
1,515,242
1,738,905
1,573,818
1,619,155
1,769,753
Operating Margin (%)
6.29
7.51
7.41
5.11
7.48
4.06
7.68
8.18
5.1
8.37
11.97
9.41
6.34
6.31
Depreciation Expense
6,228
10,359
15,478
17,485
17,809
18,973
22,163
21,272
24,585
38,683
43,763
50,005
61,970
66,451
Net Income, GAAP
3,909
4,082
11,638
3,049
-1,902
3,441
33,843
-88,786
45,336
85,712
152,652
129,094
68,335
89,000
Effective Tax Rate (%)
- -
- -
18.67
21.85
- -
41.02
30.16
- -
22.09
30.36
23.82
23.41
25.06
26.91
Profit Margin (%)
3.07
1.96
5.27
1.64
-1.65
1
4.36
-10.97
4.09
5.66
8.78
8.2
4.22
5.03
Working Capital
-19,214
-20,343
-14,025
-29,881
-11,248
-50,011
-28,607
60,414
103,302
187,508
320,147
418,107
437,087
518,670
LT Debt
23,536
49,130
54,206
30,757
33,607
34,998
34,792
63,097
85,196
162,293
175,048
209,978
230,234
272,287
Total Equity
62,539
66,549
81,274
83,219
89,511
46,285
79,438
184,047
297,091
383,800
535,156
697,476
768,886
863,975
Return on Invested Capital (%)
- -
- -
6.96
3.55
- -
4.26
20.37
- -
10.1
14.63
21.34
12.63
7.1
7.13
Return on Capital (%)
- -
- -
8.18
3.47
- -
3.71
20.88
- -
12.37
15.78
22.54
16.09
7.78
8.63
Return on Common Equity (%)
11.9
7.53
18.31
4.24
-2.5
5.49
53.84
-67.39
18.85
25.18
33.22
20.95
9.4
11.54

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
157,980
161,980
183,564
LT Borrowings
159,092
159,919
190,793
LT Finance Leases
71,142
83,049
81,494
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
52
52
52
Market Capitalization
470,657
500,565
388,804

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
843,074
917,597
1,020,446
Cash, Cash Equivalents & STI
449,086
423,766
510,401
Accounts Receivable, Net
191,492
227,387
264,574
Inventories
107,759
126,094
147,706
Total Current Liabilities
405,987
452,700
501,776
Payables & Accruals
- -
- -
- -
ST Debt
157,980
161,980
183,564
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.56%
34.12%
10.24%
Free Cash Flow
248.46%
502.31%
19.79%
Net Income, GAAP
-4.24%
-9.28%
-47.07%
Sales/Revenue/Turnover
35.59%
16.37%
2.88%
Total Cash Common Dividend
- -
- -
50%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
401,634
397,620
384,753
389,812
1,573,818
2025
359,637
398,869
443,337
417,312
1,619,155
2026
412,050
497,054
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
731
664
387
677.27
2,460
2025
319
265
626.54
91.85
1,302
2026
414.66
563
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
99.99
2025
- -
- -
- -
- -
149.96
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Woo-Cheol Choi
Full Time Employees
156
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
91, Cheonbuksandan-ro Gyeongju-si NG South Korea
IPO Date
Dec 7, 2020
Website
myoungshinindustry.com
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Business
Myoung Shin Industrial Co., Ltd. engages primarily in the manufacture and sale of automobile body parts using its proprietary hot stamping process in South Korea. The company produces hot stamping parts for car bodies supplied to Hyundai and Kia as well as global electric vehicle customers; it also offers mold products and related components through optimized mass production lines that reduce production time, maximize space efficiency, and minimize costs. Founded in 1982 and headquartered in Gyeongju, South Korea, Myoung Shin Industrial operates with approximately 126 employees domestically and maintains overseas affiliates including Simwon America Corp., Simwon Automotive entities in China, and others focused on automotive production and development. The company conducts R&D activities centered on hot stamping technologies and serves domestic and international markets in the automotive sector, with sales segmented into car body parts and mold products. In July 2025, Myoung Shin Industrial agreed to acquire Myoung Shin Fabricante De Carroceria Automotiva Ltda., a Brazilian subsidiary, from MS Autotech Co., Ltd. and Myoung Shin Co., Ltd. for KRW 54.5 billion in cash plus an earnout of KRW 54.54 billion, aiming to complete by July 31, 2025 and expand its global operations; this follows a cancelled bid in March 2025 for a Gunsan plant from GM Korea.