Top Engineering Co., Ltd.

Top Engineering Co., Ltd.

KKRX:065130
2,825.00
KRW
-35.00
(-1.22%)
-1,656.77EPS
44.69BMarket 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
5,599.7
7,038.02
8,972.14
10,291.77
11,340.03
63,989.51
89,338.8
81,098.27
74,299.97
66,567.2
69,270.23
58,863.86
60,100.3
62,830.03
Basic EPS, GAAP
261
184
716
667
879
1,169
2,469
-276
-1,129
-965
906
-33
-2,757
-1,520.33
Free Cash Flow per Basic Share
1,000.74
154.56
1,271.9
-718.35
578.92
-1,755.85
-191.83
459.08
-319.76
277.05
1,948.56
-164.18
-49.83
-1,368.15
Dividend per Share
- -
- -
- -
- -
100.78
49.99
98.08
179.33
- -
- -
- -
- -
- -
- -
Book Value per Share
8,617.15
8,903.02
9,218.07
9,908.25
10,179.41
11,115.68
13,332.99
13,163.09
12,349.24
11,955.17
12,127.71
13,056.11
10,303.56
10,934.58
Tangible Book Value per Share
7,377.49
7,818.48
8,603.51
9,702.83
7,591.23
8,739.32
11,710.08
11,881.59
11,974.59
11,567.93
11,779.43
12,758.1
9,964.59
10,604.56
Basic Weighted Avg Shares
14
15
15
16
16
14
15
15
15
14
14
14
13
14
Sales/Revenue/Turnover
75,999
103,820
137,507
161,031
176,056
917,583
1,305,901
1,186,102
1,084,807
936,445
959,380
815,419
798,498
858,801
Operating Margin (%)
4.82
4.51
12.03
11.21
8.59
3.7
5.41
-1.53
-1.89
-3.04
2.38
-0.91
-4.41
-1.26
Depreciation Expense
2,824
4,120
4,154
4,025
3,512
30,024
43,709
40,724
42,833
44,012
28,144
24,703
19,519
10,830
Net Income, GAAP
3,542
2,714
10,973
10,436
13,647
16,763
36,090
-4,037
-16,484
-13,575
12,548
-457
-36,630
-20,781
Effective Tax Rate (%)
13.46
23.16
14.36
0.6
- -
- -
3.98
- -
- -
- -
12.33
28.64
- -
- -
Profit Margin (%)
4.66
2.61
7.98
6.48
7.75
1.83
2.76
-0.34
-1.52
-1.45
1.31
-0.06
-4.59
-2.42
Working Capital
18,578
24,140
24,006
30,998
70,171
69,643
129,406
77,264
93,148
80,456
127,947
142,989
109,703
126,002
LT Debt
9,653
8,000
6,000
3,009
3,631
5,687
6,042
5,988
28,606
5,462
1,348
1,865
578
- -
Total Equity
128,412
131,542
144,363
155,085
274,452
303,905
373,488
349,606
332,376
298,678
330,003
341,466
288,248
307,854
Return on Invested Capital (%)
1.9
2.23
8.45
10.13
- -
- -
16.01
- -
- -
- -
4.91
-1.33
- -
- -
Return on Capital (%)
3.55
2.56
7.27
6.31
- -
- -
2
- -
- -
- -
1.94
-0.56
- -
- -
Return on Common Equity (%)
2.9
2.11
7.98
6.97
8.72
10.15
18.76
-1.92
-8.28
-7.36
6.74
-0.24
-21.16
-12.07

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
60,842
58,126
68,405
LT Borrowings
229
- -
- -
LT Finance Leases
- -
578
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
51,949
48,392
44,687

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
314,199
306,046
350,181
Cash, Cash Equivalents & STI
66,944
49,427
35,924
Accounts Receivable, Net
132,293
112,262
153,770
Inventories
83,514
116,354
126,609
Total Current Liabilities
192,961
196,343
224,179
Payables & Accruals
- -
- -
- -
ST Debt
60,842
58,126
68,405
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.49%
-3.34%
-15.59%
Free Cash Flow
-108.6%
12.02%
-70.89%
Net Income, GAAP
796.03%
1,581.5%
7,912.87%
Sales/Revenue/Turnover
44.39%
-7.37%
-2.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
204,136
199,055
217,120
195,107
815,419
2025
203,551
213,126
209,142
172,679
798,498
2026
263,855
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-286
471
-458
171.64
-33
2025
-775
-514.08
-175.23
-1,158.9
-2,757
2026
418
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Man-Ho Ahn
Full Time Employees
206
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Gumi South Korea
IPO Date
Jan 29, 2003
Business
Top Engineering Co., Ltd. is a South Korea-based technology company engaged in the development, manufacturing, and distribution of precision process equipment and automation systems for flat-panel displays, rechargeable batteries, camera modules, and semiconductors, as well as electronic components through its consolidated subsidiaries. Founded in November 1993 and headquartered in Gumi, South Korea, with major engineering and production facilities in Paju and Seoul, the company operates across key international electronics markets including South Korea, China, Vietnam, and North America. The company organizes its business into precision industrial equipment and electronic component manufacturing segments. Its core product and service portfolio comprises: display manufacturing equipment, including liquid crystal (LC) dispensers, seal dispensers, glass cutting systems (GCS), array test systems, direct optical bonding systems (OCR/OCA), and roll-to-roll (R2R) processing equipment for LCD, OLED, and flexible display panels; secondary battery manufacturing equipment, including high-speed Z-stacking machines, laser and mechanical electrode notching equipment, tab welding systems, pouch-cell packaging machinery, and automated cell assembly lines for electric vehicle (EV) and energy storage system (ESS) lithium-ion batteries; camera module manufacturing and testing equipment, including active alignment systems, precision adhesive dispensing units, lens assembly equipment, and module test handlers; semiconductor and advanced packaging equipment, including precision fluid dispensing systems, substrate handling mechanisms, and inspection automation; and electronic components, provided primarily through its consolidated subsidiary Power Logics Co., Ltd., consisting of battery management systems (BMS), protection circuit modules (PCM), compact camera modules (CCM) for mobile devices and automotive vision systems, and smart electronic modules. In recent developments, Top Engineering has executed strategic initiatives to diversify its revenue base beyond traditional flat-panel display equipment into high-growth clean-tech and advanced semiconductor manufacturing sectors. The company has intensified its secondary battery automation equipment business, developing and supplying high-precision Z-stacking and cell packaging machinery to tier-one battery manufacturers such as LG Energy Solution. To streamline corporate governance, optimize cost structures, and eliminate administrative redundancies, Top Engineering completed a small-scale absorption merger of its wholly owned subsidiary EcoFlux Co., Ltd., integrating its environmental and precision operations into the parent entity. In addition, the company has expanded its R&D and product development pipelines toward advanced microelectronics packaging and glass substrate processing equipment to address next-generation semiconductor packaging requirements, while management reaffirmed operational commitment through insider equity acquisitions by executive leadership in 2026.