1. South Korea Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Muhak Co., Ltd.

Muhak Co., Ltd.

KKRX:033920
7,170.00
KRW
0.00
(0.00%)
1,220.31EPS
6.00P/E
204.60BMarket Cap
Muhak Co., Ltd.
KRX:033920
(Korea Stock Exchange)

Recent

price

7,170.00

P/E

ratio

6.00

div

yld

5.34%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
5,879.5
7,474.26
7,856.72
8,479.27
10,304.73
10,531.79
9,698.04
8,943.89
6,873.8
5,580.44
5,100.9
4,677.84
5,764.95
5,533.55
5,740.46
5,424.9
5,238
Revenue per Share
1,143.47
1,528.47
1,242.07
1,941.26
2,943.25
1,026
2,207
1,839
-719
849
485
-591
-498
2,470
1,828
1,898
1,243.18
Basic EPS, GAAP
1,581.35
1,081.36
-823.29
1,180.25
3,102.35
1,458.18
860.82
-106.82
-1,679.88
-832.43
-909.22
1,322.66
751.49
160.71
222.66
-128.02
-155.12
Free Cash Flow per Basic Share
119.38
137.84
45.43
46.61
- -
- -
247.14
349.73
350.06
353.41
- -
150.29
251.95
229.99
619.95
519.49
382.97
Dividend per Share
7,231.87
8,518.5
10,563.55
12,469.12
15,074.27
15,829.82
17,542.28
19,008.43
17,967.24
18,597.35
19,301.68
18,822.17
18,143.36
20,373.81
21,582.31
22,364.93
22,685.42
Book Value per Share
7,224.3
8,495.18
10,541.41
12,445.77
15,051.88
15,808.78
17,528.97
18,906.19
17,867.17
18,572.7
19,290.23
18,810.43
18,124.32
20,358.03
21,567.59
22,313.42
22,641.47
Tangible Book Value per Share
27
27
28
28
28
28
28
28
28
28
27
27
27
26
26
27
27
Basic Weighted Avg Shares
159,350
202,496
218,129
240,065
290,146
295,761
270,169
250,503
193,718
155,776
139,352
126,928
152,832
146,574
152,059
143,830
141,285
Sales/Revenue/Turnover
20.97
22.04
21.22
24.91
28.07
22.2
19.23
11.46
-5.18
-8.45
1.54
-0.7
10.24
11.03
11.1
7.12
4.35
Operating Margin (%)
14,361
12,189
15,070
19,282
23,346
27,173
29,150
29,526
29,254
26,470
21,899
21,309
17,931
15,262
15,601
16,117
15,655
Depreciation Expense
30,991
41,410
34,484
54,961
82,872
28,813
61,483
51,507
-20,263
23,700
13,250
-16,036
-13,202
65,426
48,422
50,322
33,532
Net Income, GAAP
25.01
24.95
23.56
27.5
23.44
33.51
25.08
33.23
- -
30.21
27.94
- -
- -
21.53
24.65
22.14
24.33
Effective Tax Rate (%)
19.45
20.45
15.81
22.89
28.56
9.74
22.76
20.56
-10.46
15.21
9.51
-12.63
-8.64
44.64
31.84
34.99
23.73
Profit Margin (%)
15,491
7,598
17,403
46,353
-44,602
-56,180
-12,321
-6,692
-24,433
21,335
34,103
-87,611
-57,024
291,043
179,276
305,122
-88,039
Working Capital
- -
35
- -
- -
- -
- -
- -
- -
12,000
13,243
1,115
1,052
987
937
1,254
10,184
10,366
LT Debt
196,029
230,409
294,501
346,415
415,065
435,939
490,953
535,788
506,440
514,902
524,752
498,540
480,561
539,638
571,648
613,401
622,191
Total Equity
12.25
13.24
11.59
11.99
14.22
8.81
7.33
3.25
- -
-1.57
0.26
- -
- -
2.15
2.02
1.18
0.64
Return on Invested Capital (%)
17.01
19.41
13.16
17.3
21.78
6.79
13.28
9.82
- -
4.39
2.52
- -
- -
12.19
8.33
8.08
5.08
Return on Capital (%)
17.02
19.42
13.14
17.15
21.77
6.77
13.27
10.03
-3.89
4.64
2.55
-3.13
-2.7
12.83
8.71
8.49
5.49
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
42,206
72,210
97,209
LT Borrowings
9,047
9,144
9,243
LT Finance Leases
1,137
1,145
1,124
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
27
27
Market Capitalization
259,184
228,741
204,605

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
398,917
86,700
59,920
Cash, Cash Equivalents & STI
366,937
53,763
22,349
Accounts Receivable, Net
13,517
14,206
15,249
Inventories
9,359
9,548
9,797
Total Current Liabilities
93,795
131,398
147,959
Payables & Accruals
- -
- -
- -
ST Debt
42,206
72,210
97,209
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.68%
3.38%
7.3%
Free Cash Flow
79.79%
-97.32%
-157.55%
Net Income, GAAP
-115.96%
-171.27%
3.92%
Sales/Revenue/Turnover
-6.3%
1.14%
-5.41%
Total Cash Common Dividend
- -
- -
-16.13%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
38,331
40,200
36,401
37,127
152,059
2025
37,391
38,746
32,827
34,866
143,830
2026
35,689
37,902
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
614
563
239
411.72
1,828
2025
421
738
381.18
357.64
1,898
2026
-424.84
931
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
129.98
130
619.95
2025
- -
- -
260
129.41
519.49
2026
- -
- -
- -
- -
- -
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Business
Muhak Co., Ltd. manufactures and sells traditional Korean liquors and processes steel products primarily in South Korea. The company produces soju including diluted shochu and ultra-low alcohol variants such as Good Day at 9.2 degrees and white soju at 23 degrees; fruit liquors like plum wine and lychee; liqueurs including chrysanthemum alcoholic drinks; sparkling wines; rice wines; and unsweetened shochu launched in 2019. In its steel segment, Muhak engages in manufacturing and processing electrical steel sheets and stainless steels for electric motors and transformers. Founded in 1929 and headquartered in Changwon-si, South Korea, the company distributes its liquor products domestically and exports to markets including China and Vietnam, while its steel operations serve industrial customers. Recent innovations include the Good Day Color Series such as Lemon and Lychee for export markets, alongside steady liquor segment sales growth to 149 billion KRW in 2024; Muhak reported full-year 2024 earnings in March 2025 with no major acquisitions or partnerships announced in the past two years.