1. South Korea Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Speco Ltd.

Speco Ltd.

KKRX:013810
2,055.00
KRW
+474.00
(+29.98%)
19.17EPS
77.90P/E
39.42BMarket Cap
Speco Ltd.
KRX:013810
(Korea Stock Exchange)

Recent

price

2,055.00

P/E

ratio

77.90

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
5,353.97
5,376.55
6,177.73
5,098.44
7,406.88
7,450.06
6,103.55
4,840.14
3,629.51
5,098.14
5,379.62
3,693.6
2,139.03
1,568.57
1,858.45
2,420.76
2,515.36
Revenue per Share
-289
-368.38
110
-115
209
548
308
-31.19
-389.67
631.64
622
118
52
-113
-113
-6
34.53
Basic EPS, GAAP
-437.18
119.64
-44.91
-466.35
18.7
360.12
420.64
311.93
41.18
410.49
297.31
812.5
561.02
200.35
-143.27
-123.16
-93.98
Free Cash Flow per Basic Share
50.05
- -
- -
- -
- -
- -
50.02
- -
- -
- -
- -
56.37
50.43
- -
- -
- -
- -
Dividend per Share
1,622.72
1,889.57
1,568.01
2,148.67
3,121.45
3,559.75
2,999.11
2,725.75
1,868.86
2,613.94
2,806.53
3,356.54
3,153.73
2,941.51
2,983.43
3,022.78
3,055.67
Book Value per Share
1,542.44
1,777.45
1,466.82
2,048.28
3,021.69
3,483.86
2,927.28
2,663.03
1,807.87
2,605.8
2,798.39
3,334.38
3,125.85
2,918.45
2,964.9
3,009.37
3,043.55
Tangible Book Value per Share
12
12
13
13
13
14
14
14
15
15
15
15
15
15
15
16
15
Basic Weighted Avg Shares
66,591
66,935
79,055
66,595
96,113
101,328
84,304
68,786
53,187
74,708
78,770
54,347
31,080
22,988
27,192
37,965
36,864
Sales/Revenue/Turnover
-1.46
-2.8
3.63
1.36
7.36
10.98
6.36
1.98
-6.28
8.88
15.39
5.16
-12.12
-18.05
-20.94
-1.21
-1.05
Operating Margin (%)
4,899
2,282
2,593
2,699
2,507
2,526
2,366
2,387
2,388
2,225
1,661
1,899
1,739
1,852
1,819
1,618
1,648
Depreciation Expense
-3,594
-4,586
1,408
-1,502
2,712
7,453
4,254
-443
-5,710
9,256
9,108
1,736
756
-1,656
-1,653
-94
506
Net Income, GAAP
- -
- -
42.05
- -
31.38
20.23
16.2
- -
- -
9.39
3.75
49.55
- -
- -
- -
149.51
71.78
Effective Tax Rate (%)
-5.4
-6.85
1.78
-2.26
2.82
7.36
5.05
-0.64
-10.74
12.39
11.56
3.19
2.43
-7.2
-6.08
-0.25
1.37
Profit Margin (%)
-14,190
-16,163
-20,637
-10,634
-10,988
636
3,187
2,667
338
13,411
17,245
33,101
33,433
31,860
31,020
28,460
21,630
Working Capital
8,893
6,783
250
9,928
6,992
5,500
3,600
1,100
5,000
5,069
116
10,113
6,473
1,079
10,849
10,546
2,411
LT Debt
24,103
26,990
23,546
30,302
42,458
52,190
44,515
42,896
29,994
41,711
45,032
53,591
50,735
47,307
46,244
45,645
46,147
Total Equity
- -
- -
2.49
- -
5.63
8.97
4.89
- -
- -
10.11
18.1
2.05
- -
- -
- -
0.39
-0.19
Return on Invested Capital (%)
- -
- -
4.69
- -
4.8
8.4
5.01
- -
- -
15.93
13.91
2.78
- -
- -
- -
-0.28
1.5
Return on Capital (%)
-17.08
-20.98
6.42
-6.23
7.93
16.62
9.39
-1.09
-16.96
28.18
22.93
3.84
1.58
-3.71
-3.81
-0.21
1.15
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,478
491
8,478
LT Borrowings
10,000
10,000
2,000
LT Finance Leases
678
546
411
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
40,376
34,660
39,423

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
47,286
41,672
38,976
Cash, Cash Equivalents & STI
29,402
24,077
22,052
Accounts Receivable, Net
2,584
5,837
5,031
Inventories
13,425
8,909
8,529
Total Current Liabilities
18,660
13,212
17,345
Payables & Accruals
- -
- -
- -
ST Debt
3,478
491
8,478
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.2%
0.67%
-1.3%
Free Cash Flow
67.72%
-20.08%
-7.86%
Net Income, GAAP
22.01%
-110.22%
-94.31%
Sales/Revenue/Turnover
-5.39%
-8.39%
39.62%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,767
8,132
7,830
9,463
27,192
2025
7,394
7,851
9,255
13,465
37,965
2026
6,292
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-93
-16.73
-10.23
7.51
-113
2025
0.2
-14.72
-50.83
58.97
-6
2026
41.11
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Speco Ltd. is a South Korea-based heavy industrial equipment manufacturer primarily engaged in the design, engineering, and fabrication of asphalt mixing plants, construction crushing systems, renewable wind power structures, and naval defense equipment. The company organizes its business operations across four key divisions: Asphalt Plants, Construction Equipment, Wind Power, and Defense Industry. Its product and service portfolio includes stationary, mobile, and recycled asphalt mixing plants; concrete batching and mixing plants; industrial aggregate crushing machinery, including jaw crushers, cone crushers, impact crushers, vibrating screens, and grizzly feeders; renewable energy components, specifically utility-scale tubular steel wind turbine towers; and precision naval defense systems, including vessel fin stabilizers, rudder roll stabilization units, waterjet propulsion systems, and specialized military vessel hardware. Founded in 1979 and listed on the KOSDAQ exchange under ticker 013810, the company is headquartered in Eumseong-gun, Chungcheongbuk-do, South Korea. Speco Ltd. conducts manufacturing operations domestically and internationally, operating an overseas production facility in Monclova, Mexico, through its subsidiary SPECO Wind Power, S.A. de C.V., and distributes its industrial equipment to clients across more than 65 countries throughout the Asia-Pacific region, the Middle East, Europe, and the Americas. In recent operational developments, the company has undertaken corporate restructuring and governance changes, including updates to its largest shareholder ownership structure, alongside substantial operational recovery marked by strong revenue growth and narrowing operating deficits. Additionally, Speco Ltd. continues to enhance its plant automation capabilities through smart factory initiatives and streamline its North American wind tower manufacturing operations to meet growing regional demand for clean energy infrastructure.