DAECHANG Forging Co., Ltd

DAECHANG Forging Co., Ltd

KKRX:015230
6,100.00
KRW
-140.00
(-2.24%)
1,499.62EPS
3.61P/E
141.70BMarket 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
8,908.23
8,450.95
7,976.84
7,358.58
8,884.6
7,755.48
9,979.89
9,990.7
6,837.88
16,272.59
14,364.5
12,640.09
13,736.97
14,851.59
Basic EPS, GAAP
619.93
639.66
541.93
480.83
423.17
290.48
519.74
502.06
514
1,417
1,310
1,317
1,142
1,557.68
Free Cash Flow per Basic Share
809.04
233.37
532.22
26.83
-123.25
-193.43
1,422.67
340.88
-592.37
778.31
1,868.97
1,261.14
-423.87
930.69
Dividend per Share
68.96
68.96
139.24
89.65
89.65
55.65
71.72
113.07
47.28
145.81
199.95
182.87
160.04
- -
Book Value per Share
3,964.26
4,535.93
4,955.01
5,356.01
5,651.61
6,022.36
6,681.41
7,236.1
8,238.72
9,160.95
10,293.77
11,880.2
12,806.12
13,800.94
Tangible Book Value per Share
3,937.36
4,503.5
4,922.94
5,314.33
5,592.87
5,968.12
6,622.68
7,179.7
8,186.64
9,113.17
10,250.97
11,829.68
12,758.82
13,776.39
Basic Weighted Avg Shares
29
29
29
29
29
41
28
26
52
26
26
25
25
25
Sales/Revenue/Turnover
258,339
245,078
231,335
213,391
257,646
320,500
277,254
264,472
354,440
421,498
372,123
322,237
346,267
374,424
Operating Margin (%)
8.72
7.49
8.19
7.72
7.32
4.34
6.74
7.24
8.32
11.83
12.48
9.33
10.98
12.09
Depreciation Expense
2,680
2,918
4,682
3,981
4,052
3,900
5,265
5,086
6,282
6,067
6,765
6,848
7,785
7,611
Net Income, GAAP
17,978
18,550
15,716
13,943
12,272
12,004
14,439
13,290
26,643
36,704
33,936
33,575
28,786
39,271
Effective Tax Rate (%)
22.15
17.06
28.61
24.98
29.59
25.36
28.23
29.77
23.44
29.73
30.58
28.25
31.34
32.41
Profit Margin (%)
6.96
7.57
6.79
6.53
4.76
3.75
5.21
5.03
7.52
8.71
9.12
10.42
8.31
10.49
Working Capital
76,868
82,541
90,685
103,880
114,388
121,157
129,171
137,066
144,824
169,436
184,206
209,815
217,935
244,443
LT Debt
86
- -
- -
- -
- -
- -
3,957
3,113
4,008
8,507
5,939
5,963
7,262
9,598
Total Equity
119,896
137,994
151,568
163,202
171,667
181,349
190,498
197,203
227,166
242,397
272,539
301,344
323,284
347,485
Return on Invested Capital (%)
14.5
11.01
8.56
7.38
7.65
5.66
6.91
6.68
10.25
14.05
11.84
7.27
8.09
9.03
Return on Capital (%)
15.23
14.03
10.18
8.49
6.92
6.4
7
5.96
11.61
13.77
12.74
11.69
9.46
12.22
Return on Common Equity (%)
16.79
15.05
11.42
9.33
7.69
7.11
8.12
7.2
13.29
16.29
13.47
11.86
9.25
12.07

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,329
1,468
1,652
LT Borrowings
6,308
6,054
6,172
LT Finance Leases
955
1,199
3,426
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
159,100
163,891
141,702

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
261,457
281,524
297,355
Cash, Cash Equivalents & STI
102,796
113,558
124,205
Accounts Receivable, Net
55,984
63,120
64,701
Inventories
97,641
99,516
103,133
Total Current Liabilities
43,522
52,822
52,912
Payables & Accruals
- -
- -
- -
ST Debt
1,329
1,468
1,652
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.92%
10.43%
7.28%
Free Cash Flow
-183.48%
-126.52%
-133.23%
Net Income, GAAP
10.22%
23.07%
-14.26%
Sales/Revenue/Turnover
5.46%
7.06%
7.46%
Total Cash Common Dividend
- -
9.93%
-13.47%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
81,758
81,928
82,292
76,259
322,237
2025
87,224
85,029
86,462
87,552
346,267
2026
98,354
102,055
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
371
398
177
369.27
1,317
2025
376
156
355.47
254.03
1,142
2026
447.23
501
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
182.87
2025
- -
- -
- -
- -
160.04
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gwon-Il Park
Full Time Employees
85
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
115-92, Bongnim-ro Gimhae-si SG South Korea 50800
IPO Date
Jul 25, 1989
Website
dcf.co.kr
Business
Daechang Forging Co., Ltd. manufactures and sells forged products for heavy construction equipment, automobiles, marine engines, and industrial machinery. The company produces undercarriage parts including track group assemblies, track chains with shoes, pins and bushings, links, master links, track rollers, idlers, segments, and sprockets; crankshafts and connecting rods for automobile and marine engines; mini excavator components; and other precision forged items such as front and rear bearings, arm and boom center bearings, front lugs, side blades, and teeth. Daechang Forging operates production facilities in South Korea through subsidiaries DCF TREK Co., Ltd., Bonglim Metal Co., Ltd., and Dongchang Forging Co., Ltd.; overseas manufacturing in China via Sunway Daechang Forging (Anhui) and in India through Track Design India Private Limited; and sales offices including Trek Incorporation in North America, with distribution across the US, Europe, the Middle East, and Asia. Founded in 1955 and headquartered at 115-92 Bongnim-ro, Saengnim-myeon, Gimhae-si, Gyeongsangnam-do, South Korea, the company maintains a focus on high-quality forging for earth-moving equipment like excavators, dozers, tractors, and loaders, as well as automotive and defense applications. Daechang Forging listed on the Korea Stock Exchange in 1989 and reports steady financial performance, with recent earnings for the nine months ended September 30, 2025, reflecting ongoing operations amid a stable market presence.