M2N Co., Ltd.

M2N Co., Ltd.

KKRX:033310
1,324.00
KRW
-23.00
(-1.71%)
27.40EPS
66.67P/E
72.48BMarket 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
1,432.89
1,421.11
1,856.53
1,813.94
1,868.34
1,942.5
1,695.21
1,265.79
1,412.08
717.5
1,954.5
2,307.94
2,186.67
2,182.13
Basic EPS, GAAP
243
269.58
208.07
170.1
141.24
148.08
151.87
-230.09
-1,890.02
154
82
89
-15
27.47
Free Cash Flow per Basic Share
273.81
207.56
105.92
135.38
26.18
-11.18
-76.66
-65.21
-62.26
-60.38
84.38
27.34
8.82
7.94
Dividend per Share
- -
- -
- -
39.29
11.07
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1,039.82
1,292.95
1,503.33
1,631.76
1,768.44
1,879.1
2,037.99
2,179.06
3,469.81
3,483.49
3,607.27
3,663.79
3,640.05
3,650.96
Tangible Book Value per Share
1,032.84
1,260.69
1,474.07
1,604.92
1,746.04
1,860.25
1,939.62
2,159.73
3,445.91
3,461.98
3,591.41
3,638.33
3,610.05
3,620.38
Basic Weighted Avg Shares
27
27
27
27
27
27
27
28
31
40
39
40
40
40
Sales/Revenue/Turnover
39,286
39,003
51,008
49,727
51,170
53,253
46,466
35,123
43,542
28,451
76,995
91,210
86,550
86,908
Operating Margin (%)
16.3
13.96
7.92
6.34
3.61
3.13
0.89
-5.41
-11.05
-17.03
4.17
4.1
3.2
3.12
Depreciation Expense
684
819
1,330
1,107
1,165
1,303
1,280
1,365
1,226
1,485
2,076
2,035
2,178
2,276
Net Income, GAAP
6,662
7,399
5,717
4,663
3,868
4,059
4,163
-6,384
-58,279
6,106
3,230
3,517
-594
1,094
Effective Tax Rate (%)
21.1
21.17
21.13
22.94
26.71
20.86
22.18
- -
- -
33.39
- -
28.22
- -
32.51
Profit Margin (%)
16.96
18.97
11.21
9.38
7.56
7.62
8.96
-18.18
-133.85
21.46
4.2
3.86
-0.69
1.26
Working Capital
-13,767
-8,744
-5,830
-5,784
-4,494
-3,518
-6,355
-20,023
16,313
10,043
4,832
1,562
12,146
13,341
LT Debt
333
496
306
- -
- -
1,050
338
922
955
63
207
231
10,369
10,373
Total Equity
28,526
38,932
45,430
49,455
53,356
55,101
60,414
64,870
141,253
140,473
142,779
145,007
144,065
144,496
Return on Invested Capital (%)
9.94
7.74
5.03
3.56
1.88
1.72
0.39
- -
- -
-1.83
- -
1.73
- -
1.16
Return on Capital (%)
15.81
14.7
8.86
6.59
5.33
5.64
5.8
- -
- -
5.25
- -
3.22
- -
0.94
Return on Common Equity (%)
26.15
23.12
14.9
10.84
8.29
8.11
7.75
-10.87
-58.61
4.44
2.3
2.44
-0.41
0.76

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7,160
9,096
8,555
LT Borrowings
10,000
10,000
10,000
LT Finance Leases
201
369
373
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
76,196
70,971
72,475

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
40,595
41,024
43,934
Cash, Cash Equivalents & STI
13,086
13,533
12,708
Accounts Receivable, Net
11,371
10,507
13,265
Inventories
14,416
15,141
15,313
Total Current Liabilities
27,062
28,877
30,593
Payables & Accruals
- -
- -
- -
ST Debt
7,160
9,096
8,555
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.68%
23.95%
-0.65%
Free Cash Flow
3.24%
-68.64%
-67.69%
Net Income, GAAP
26.59%
109.45%
-116.88%
Sales/Revenue/Turnover
14.06%
34.66%
-5.11%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23,307
24,157
22,013
21,733
91,210
2025
21,577
24,159
21,518
19,296
86,550
2026
21,935
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-11
130
-12
-16.96
89
2025
-41
59.36
-4.68
-29.09
-15
2026
2
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Seung-Geon Lee
Full Time Employees
208
Sector
Producer manufacturing
Industry
Metal fabrication
Address
Seoul South Korea
IPO Date
Nov 10, 1997
Business
M2N Co., Ltd. is a South Korea-based company primarily engaged in the manufacturing and distribution of steel packaging components, specialized coated steel sheets, and industrial materials, with diversified operations spanning biopharmaceuticals, healthcare technologies, and automotive thermal management solutions. Founded in 1978 and headquartered in Seoul, South Korea, the company operates across manufacturing, advanced materials, and life sciences divisions to serve both domestic and international markets. The company's core product and service portfolio comprises industrial steel drum parts and closures; bungs, flanges, and tamper-evident cap seals for chemical, petrochemical, and food-grade liquid storage containers; pre-coated metal (PCM) and laminated steel sheets designed for consumer appliances such as refrigerators, air conditioners, and washing machines; surface-treated and color-coated steel panels for interior and exterior architectural applications; and cold-rolled galvanized steel coils. Through its biopharmaceutical subsidiaries and strategic investments, including its majority-controlled affiliate SillaJen, Inc. and US-based Greenfire Bio LLC, the company provides novel immuno-oncology research and clinical-stage therapeutics; including oncolytic virus platforms such as Pexa-Vec (pexastimogene devacirepvec), BAL0891 dual-kinase inhibitor clinical development programs, and SJ-600 series genetically modified virus pipelines targeting solid tumors. M2N supplies global industrial packaging converters, appliance manufacturers, construction contractors, and clinical trial partners throughout South Korea, North America, Europe, and the Asia-Pacific region. In recent strategic developments, the company has transformed its corporate structure from a traditional industrial steel manufacturer into a multifaceted holding and development entity, following its corporate name change from DK Dongshin Co., Ltd. to M2N Co., Ltd. The company executed the strategic acquisition and financial rehabilitation of SillaJen, driving the resumption and expansion of global Phase 1/2 oncology clinical trials and forging research alliances with international clinical development organizations. Concurrently, M2N has expanded its operations into eco-friendly mobility solutions, developing thermal management system components, specialized heat-dissipating materials, and high-efficiency fluid control parts for electric vehicle (EV) battery and powertrain systems, while upgrading automated manufacturing lines across its domestic production facilities to optimize operational efficiency.