SEOHAN Co., Ltd.

SEOHAN Co., Ltd.

KKRX:011370
3,925.00
KRW
-280.00
(-6.66%)
252.64EPS
20.11P/E
502.39BMarket 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
2,926.69
4,698.99
4,440.82
4,949.86
5,241.39
6,337.62
5,453.5
4,806.48
6,033.48
7,233.68
6,165.35
7,578.21
6,555.23
7,571.16
Basic EPS, GAAP
146
299
320
641
768
417
98
180
460
390
489
133
294
252.64
Free Cash Flow per Basic Share
181.87
-148.54
162.9
853.88
128.29
297.43
-222.01
309.33
-899.03
-1,789.04
-136.3
-866.91
1,256.29
1,578.17
Dividend per Share
4.99
15.02
20
24.99
30.01
39.95
40.16
29.98
40
39.99
50.03
0.17
6.42
-29.33
Book Value per Share
909.29
1,188.28
1,487.78
2,105.28
2,839.07
2,957.11
2,994.2
3,149.39
3,582.89
3,928.11
4,471.32
5,178.51
5,428.28
5,369.61
Tangible Book Value per Share
892.22
1,178.46
1,477.91
2,095.74
2,829.79
2,947.82
2,982.75
3,137.93
3,565.95
3,896.92
4,440.05
5,146.92
5,396.92
5,338.24
Basic Weighted Avg Shares
101
101
101
101
101
101
100
101
101
101
101
99
98
79
Sales/Revenue/Turnover
295,874
473,454
448,081
499,551
528,693
640,171
548,055
485,236
608,817
730,033
621,658
749,383
645,114
597,271
Operating Margin (%)
4.93
7.42
8.84
17.97
19.5
10.24
4.43
5.87
9.17
8.34
4.06
3.7
9.71
8.79
Depreciation Expense
159
124
168
201
200
222
1,654
2,575
5,617
5,438
5,838
1,767
2,464
2,277
Net Income, GAAP
14,760
30,126
32,288
64,691
77,467
42,122
9,849
18,172
46,417
39,359
49,306
13,152
28,933
19,930
Effective Tax Rate (%)
16.72
22.62
20.4
24.9
25.79
28.97
24.45
21.91
27.17
30.9
18.31
12.76
25.1
26.13
Profit Margin (%)
4.99
6.36
7.21
12.95
14.65
6.58
1.8
3.74
7.62
5.39
7.93
1.76
4.48
3.34
Working Capital
85,782
67,439
144,927
168,890
188,396
217,708
269,482
313,503
351,751
437,512
339,141
406,543
569,587
535,374
LT Debt
28,500
35,333
42,000
15,600
- -
- -
33,439
70,620
52,747
134,077
114,292
195,293
348,798
353,574
Total Equity
91,742
119,892
150,110
212,412
286,448
298,357
302,100
317,757
361,495
396,326
450,060
508,503
536,829
531,027
Return on Invested Capital (%)
10.66
16.59
14.24
26.21
25.86
14.85
5.6
5.88
8.21
6.18
2.5
2.36
4.46
3.59
Return on Capital (%)
13.43
18.96
15.63
26.88
28.15
14.15
3.42
5.11
9.63
6.75
7.86
3.24
4.22
3.09
Return on Common Equity (%)
17.41
28.47
23.92
35.69
31.06
14.41
3.28
5.86
13.67
10.39
11.65
2.74
5.54
3.75

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
183,666
135,848
147,120
LT Borrowings
258,885
348,478
352,978
LT Finance Leases
404
320
596
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
99
99
Market Capitalization
462,828
446,016
502,386

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
780,620
839,765
860,419
Cash, Cash Equivalents & STI
226,810
220,862
210,012
Accounts Receivable, Net
108,724
129,517
174,136
Inventories
313,431
433,277
416,224
Total Current Liabilities
315,117
270,178
325,045
Payables & Accruals
- -
- -
- -
ST Debt
183,666
135,848
147,120
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.25%
11.1%
5.57%
Free Cash Flow
-4.71%
-20.86%
-244.22%
Net Income, GAAP
29.45%
42.43%
119.99%
Sales/Revenue/Turnover
4.97%
7.43%
-13.91%
Total Cash Common Dividend
- -
- -
3,705.48%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
189,444
216,921
161,305
181,713
749,383
2025
153,101
198,164
138,674
155,175
645,114
2026
105,258
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
60
23
0.11
563.99
133
2025
83
207.13
55.26
-253.02
294
2026
-8.68
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.17
2025
- -
- -
- -
-117
6.42
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
378
Sector
Industrial services
Industry
Engineering & construction
Address
Daegu South Korea
IPO Date
May 24, 1994
Business
SEOHAN Co., Ltd. is a South Korea-based comprehensive construction and civil engineering contractor specializing in architectural construction, civil infrastructure engineering, housing development, and industrial plant installation. Founded in 1971 as Daegu Housing Co., Ltd. and headquartered in Daegu, South Korea, the company operates across several primary business divisions, offering a diverse range of construction products and engineering services: residential building construction, comprising apartment complexes, mixed-use commercial-residential high-rises, and officetels developed under proprietary housing brand names including SEOHAN EDAUM, SEOHAN FORREST, and the premium residential brand Arl; commercial and institutional building construction, encompassing corporate office towers, educational and research centers, healthcare and hospital facilities, and tourism accommodation properties; civil engineering infrastructure, consisting of expressways, national highways, arterial roadways, bridges, tunnels, earthworks, and urban land development; mass transit and railway engineering, including regional high-speed rail lines, municipal subways, and light rail transit networks; environmental and municipal water infrastructure, featuring water supply systems, sewage treatment plants, and river management works; industrial and plant engineering, covering industrial manufacturing complexes, mechanical engineering works, and environmental plant facilities; and real estate services, including development contracting, property leasing, and urban renewal redevelopment. The company primarily caters to public-sector government entities, municipal infrastructure corporations, and private-sector residential and commercial clients throughout South Korea, maintaining significant market presence in the Daegu-Gyeongbuk metropolitan area while actively executing projects across the Seoul Capital Area and southeastern provinces. In recent developments, SEOHAN Co., Ltd. achieved a record order backlog driven by total annual orders surpassing KRW 1.6 trillion, bolstered by major public infrastructure contract wins including sections of the Daegu Urban Railway Line 4 (EXCO Line), Daejeon Metro Line 2 Section 5, and the Joya-Dongmyeong regional arterial road project. In the private and public housing sectors, the company secured substantial construction contracts including the KRW 218.4 billion Ulsan Hwajeong 1 District residential project, the Namyangju Jinjeop 2 District apartment complex, and the Daegu Chilseong 24 District urban reconstruction development. To capture large-scale regional development initiatives, SEOHAN Co., Ltd. established a dedicated Daegu-Gyeongbuk New Airport Task Force to participate in mega-infrastructure and airport-adjacent development projects, expanded its brand architecture with the launch of its premium housing brand Arl, and reinforced operational and safety standards by obtaining the KOSHA-MS occupational safety and health management certification.