Victek Co., Ltd

Victek Co., Ltd

KKRX:065450
3,810.00
KRW
+60.00
(+1.60%)
149.67EPS
29.61P/E
132.33BMarket 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
1,344.89
1,437.21
1,730.5
1,585.41
1,654.9
2,008.79
1,904.96
2,419.1
3,581.3
2,568.42
1,914.27
2,489.42
2,902.03
3,100.45
Basic EPS, GAAP
48
75
62
-34
-44
35
77
106
184
-8
-146
133
154
155.34
Free Cash Flow per Basic Share
167.81
58.46
-552.95
-335.5
111.56
308.39
328.12
-396.38
-245.22
158.58
-1,303.13
74.68
32.1
-205.02
Dividend per Share
- -
- -
- -
- -
- -
- -
28
- -
- -
29.68
- -
- -
30.07
- -
Book Value per Share
1,295.61
1,354.53
1,416.04
1,438.9
1,392.74
1,489.06
1,549.72
1,836.96
2,034.45
2,130.46
1,939.96
2,032.94
2,115.59
2,083.06
Tangible Book Value per Share
1,065.15
1,035.46
1,094.13
1,141.71
1,030.2
1,104.75
1,217.06
1,584.56
1,764.08
1,832.57
1,598.86
1,605.58
1,636.04
1,592.52
Basic Weighted Avg Shares
24
24
23
24
25
24
26
28
29
29
29
29
29
29
Sales/Revenue/Turnover
32,453
34,457
40,621
38,352
40,828
48,767
48,979
67,287
102,466
74,375
54,929
71,489
82,957
88,926
Operating Margin (%)
3.38
4.5
3.79
-2.32
-3.88
3.07
5.33
4.7
6.96
2.22
-7.9
2.54
5.27
5.05
Depreciation Expense
1,773
1,708
1,740
3,284
3,590
3,385
3,426
3,553
2,968
3,049
3,659
4,165
5,102
5,222
Net Income, GAAP
1,158
1,798
1,455
-822
-1,086
850
1,980
2,948
5,265
-232
-4,189
3,819
4,402
4,455
Effective Tax Rate (%)
11.49
6.94
11.85
- -
- -
- -
18.02
20.02
18.61
- -
- -
10.89
- -
- -
Profit Margin (%)
3.57
5.22
3.58
-2.14
-2.66
1.74
4.04
4.38
5.14
-0.31
-7.63
5.34
5.31
5.01
Working Capital
10,457
8,785
7,975
10,002
5,499
15,538
11,702
21,498
26,295
34,239
13,078
-712
13,998
10,369
LT Debt
990
2,067
9,502
7,022
3,827
10,108
878
615
199
12,319
13,763
504
17,253
17,435
Total Equity
30,971
31,960
32,893
35,253
34,122
35,737
40,089
52,258
58,293
61,044
55,585
58,250
60,618
59,925
Return on Invested Capital (%)
3.01
4.18
3.32
- -
- -
- -
4.63
4.97
10.12
- -
- -
1.97
- -
- -
Return on Capital (%)
3.88
5.51
3.86
- -
- -
- -
4.95
5.94
9.36
- -
- -
6.67
- -
- -
Return on Common Equity (%)
3.87
5.71
4.49
-2.41
-3.13
2.43
5.22
6.39
9.52
-0.39
-7.18
6.71
7.41
7.63

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
29,960
10,142
12,022
LT Borrowings
1,258
16,840
16,840
LT Finance Leases
490
413
595
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
29
29
Market Capitalization
112,892
100,858
132,332

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
59,756
57,177
56,464
Cash, Cash Equivalents & STI
4,311
11,223
6,226
Accounts Receivable, Net
7,217
2,103
- -
Inventories
35,662
31,451
34,533
Total Current Liabilities
62,677
43,178
46,094
Payables & Accruals
- -
- -
- -
ST Debt
29,960
10,142
12,022
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.74%
3.24%
4.07%
Free Cash Flow
-149.64%
-255.81%
-57.21%
Net Income, GAAP
138.58%
301.33%
15.26%
Sales/Revenue/Turnover
10.3%
8.98%
16.04%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,469
13,196
15,490
26,334
71,489
2025
14,974
14,661
24,483
28,839
82,957
2026
20,943
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
55
-40
37
81.35
133
2025
-16
42.98
13.05
114.07
154
2026
-14.55
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
30.07
2026
- -
- -
- -
- -
- -

Company Description

CEO
Man-Kyu Im
Full Time Employees
247
Sector
Electronic technology
Industry
Aerospace & defense
Address
Inchon South Korea
IPO Date
Feb 5, 2003
Business
Victek Co., Ltd. is a South Korea-based technology company primarily engaged in the development, manufacture, and supply of advanced defense electronics and civilian smart infrastructure systems. Founded in 1990 and headquartered in Songdo, Incheon, South Korea, the company operates primarily across two business segments: the Defense Industry segment and the Civil Public Business segment. In its Defense Industry segment, Victek designs, manufactures, and supplies critical military electronic components and systems to the Republic of Korea Armed Forces, the Defense Acquisition Program Administration (DAPA), and tier-one defense system integrators including Hanwha Systems and LIG Nex1. The company's defense product and service portfolio encompasses: electronic warfare (EW) systems, including direction-finding equipment, the ACES-I electronic support system for surface combatant vessels, and the ACES-III system for submarine platforms; military-grade power supplies, including high-voltage power conversion modules, pulse power units, and power distribution systems engineered for naval vessels, ground radar installations, and guided weapon platforms; tactical communication and signal processing equipment, including components for the Tactical Multiband Multirole Radio (TMMR) program, Identification Friend or Foe (IFF) devices, and high-power radio frequency amplifiers; and advanced optoelectronics and sensor solutions, including precision LiDAR modules designed for maritime unmanned platforms. In its Civil Public Business segment, Victek leverages its communications and embedded electronics expertise to deliver urban infrastructure technologies. The company's civilian portfolio encompasses: public bicycle sharing systems, providing end-to-end municipal bike-sharing infrastructure, unmanned rental kiosks, smart locking mechanisms, and centralized fleet management software; photovoltaic power generation system engineering, procurement, and construction services; and electrical and telecommunications facility engineering, including intelligent traffic management and municipal monitoring systems. In recent corporate and operational developments, Victek completed the relocation of its corporate headquarters to Songdo, Incheon, expanding its testing, manufacturing, and research and development infrastructure. In 2024, the company established a dedicated subsidiary, VICTEK-MHD ROCKLAND, following a strategic partnership with Canadian aerospace company MHD-ROCKLAND, expanding its business scope into military aircraft follow-up logistics, Performance-Based Logistics (PBL), and Maintenance, Repair, and Overhaul (MRO) services for fixed-wing military platforms including the P-3C Orion and C-130 Hercules. In late 2024, Victek was awarded a KRW 9.29 billion contract with the Defense Rapid Acquisition Technology Research Institute for the performance enhancement of shipboard small electronic warfare equipment-II through 2026, alongside ongoing serial production component supply agreements for Hanwha Systems' TMMR program. Additionally, the company was selected as a Defense Innovation Company 100 by DAPA, designated as a specialized contractor for submarine electronic warfare system localization, and entered into joint development agreements for KM-class precision maritime search LiDAR technologies.