BH Co., Ltd.

BH Co., Ltd.

KKRX:090460
17,370.00
KRW
+580.00
(+3.45%)
3,585.58EPS
6.93P/E
703.58BMarket Cap
Nov 03Next Earn
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
13,058.04
10,955.16
12,961.41
6,581.72
22,224.44
25,647.98
22,283.07
23,614.71
33,366.29
53,158.64
50,260.29
55,829.89
57,255.07
69,282.28
Basic EPS, GAAP
762
441
309
-433.5
1,491
2,803
1,926
848
2,630
4,551
2,863
2,133
991
3,064.51
Free Cash Flow per Basic Share
-294.15
-538.38
-1,498.7
-386.53
-326.36
3,145.06
422.45
-1,195.09
-260.63
278.11
1,271.42
3,154.56
1,108.2
3,287.59
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
248.46
246.84
250.15
252
247.35
- -
Book Value per Share
3,076.38
3,619.19
3,831.8
3,434.95
4,885.14
6,526.19
9,286.18
10,262.75
13,066.3
17,691.76
20,194.89
23,083.24
23,055.42
24,141.1
Tangible Book Value per Share
2,956.73
3,533.28
3,694.79
3,342.22
4,748.04
6,351.24
9,178.99
10,153.12
12,937.9
13,694
16,165.78
18,872.74
18,711.17
19,841.28
Basic Weighted Avg Shares
29
29
28
57
31
30
29
31
31
32
32
31
31
27
Sales/Revenue/Turnover
379,058
315,941
364,623
371,954
691,342
767,882
654,854
721,358
1,036,963
1,681,054
1,591,992
1,754,442
1,792,660
1,856,295
Operating Margin (%)
8.29
6.02
2.59
-6.85
10.95
12.41
9.56
4.83
6.86
7.81
5.33
4.96
3.01
4.41
Depreciation Expense
21,745
20,625
19,421
18,809
22,224
28,762
31,487
32,422
34,931
44,060
52,636
58,917
63,850
65,467
Net Income, GAAP
22,120
12,718
8,693
-24,498
46,381
83,920
56,601
25,904
81,736
143,918
90,685
67,029
31,028
82,108
Effective Tax Rate (%)
19.54
24.01
10.28
- -
20.97
17.86
14.93
23.53
21.73
14.47
12.65
26.44
22.14
21.26
Profit Margin (%)
5.84
4.03
2.38
-6.59
6.71
10.93
8.64
3.59
7.88
8.56
5.7
3.82
1.73
4.42
Working Capital
8,446
17,216
31,268
27,446
80,187
10,103
58,316
75,542
133,531
117,184
155,882
280,211
295,450
278,717
LT Debt
39,540
56,664
73,671
72,017
64,073
21,184
9,950
2,956
90
3,286
4,265
88,017
105,878
94,475
Total Equity
89,099
101,642
107,555
106,034
152,757
187,911
279,458
316,977
407,977
577,975
650,561
740,899
790,820
850,902
Return on Invested Capital (%)
14.59
6.93
3.46
- -
20.31
22.94
15.58
6.66
11.24
16.8
9.13
6.86
4.04
6.21
Return on Capital (%)
15.06
7.92
5.25
- -
17.79
29.05
18.4
7.38
17.35
23.14
13.07
7.19
3
7.52
Return on Common Equity (%)
27.68
13.34
8.31
-22.94
35.84
49.27
24.22
8.69
22.55
29.71
15.11
9.9
4.24
11.35

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
170,139
182,261
201,869
LT Borrowings
105,047
106,215
93,583
LT Finance Leases
831
855
892
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
33
Market Capitalization
522,631
650,854
703,581

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
753,485
745,923
779,089
Cash, Cash Equivalents & STI
289,911
281,676
299,410
Accounts Receivable, Net
233,181
198,688
242,830
Inventories
185,362
218,247
198,312
Total Current Liabilities
458,035
456,178
500,372
Payables & Accruals
- -
- -
- -
ST Debt
170,139
182,261
201,869
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.14%
20.71%
6.74%
Free Cash Flow
-145.74%
30.53%
-65%
Net Income, GAAP
-50.22%
34.96%
-53.71%
Sales/Revenue/Turnover
20.73%
22.59%
2.18%
Total Cash Common Dividend
- -
- -
-2.2%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
298,853
468,477
499,232
487,879
1,754,442
2025
332,426
389,731
562,466
508,037
1,792,660
2026
371,555
414,237
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
363
843
1,084
-158.29
2,133
2025
-917
69
1,215
596.35
991
2026
688.29
231
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
252
2025
- -
- -
- -
- -
247.35
2026
- -
- -
- -
- -
- -

Company Description

CEO
Young-Sik Choi
Full Time Employees
1,370
Sector
Electronic technology
Industry
Electronic components
Address
25 Pyeongcheon-ro Inchon IN South Korea 21300
IPO Date
Jan 26, 2007
Website
bhe.co.kr
Business
BH Co., Ltd. operates as a leading manufacturer and supplier of flexible printed circuit boards (FPCBs) and related application parts, serving mobile, notebook, television, gaming console, automotive display, virtual reality, automotive wireless charging ecosystems, and electric vehicle battery-pack applications. The company, founded in 1999 and headquartered in Incheon, South Korea, focuses on high-end electronic components and provides an integrated portfolio that covers FPCB production, related interconnect solutions, and component parts used across consumer electronics and automotive sectors. Headquartered in Incheon, BH Co. executes its manufacturing and distribution activities primarily within South Korea with expansions into regional markets to support global electronics manufacturers and OEMs. Main products and services - Flexible printed circuit boards (FPCB): design, fabrication, and supply of FPCBs for mobile devices, notebooks, TVs, game consoles, automotive displays, VR, and other consumer electronics - FPCB application parts: connectors, flex assemblies, and related components integrated with FPCB solutions - Automotive electronics interfaces: display-related FPCB solutions and interconnects for vehicle infotainment and digital dashboards - Display and interconnect modules: components and assemblies used in high-end display applications and integration with consumer electronics - Custom flex solutions: tailored FPCB designs and manufacturing processes for customer-specific form factors and performance requirements - Wireless charging and battery-pack interfaces: electrical interconnects and flexible circuitry used in automotive and consumer charging systems - Related services: research and development collaborations, prototype fabrication, and early-stage engineering support for complex electronics projects Latest major company changes - Strategic expansions in global manufacturing footprint to enhance supply chain resilience and shorten lead times for global customers - Formation of new or expanded partnerships with major electronics OEMs and system integrators to co-develop advanced FPCB solutions for automotive displays and consumer devices - Introduction of new product lines or enhancements in FPCB technology, including higher-density flex circuits and automotive-grade flex solutions - Structural or organizational realignments to optimize global operations and customer support, including potential rebranding or corporate governance updates Additional context - Industry and segments: Electronic components manufacturing; specializes in FPCB technology and flexible interconnect solutions for mobile, consumer electronics, and automotive markets - Target markets: Original equipment manufacturers (OEMs) and contract manufacturers in consumer electronics and automotive sectors - Geographic operations: Primarily South Korea (headquarters in Incheon) with manufacturing and commercial activities aimed at international clients; distribution and service presence across Asia and global markets - Founding year and headquarters: Founded 1999; headquarters in Incheon, South Korea - Subsidiaries/parent relationships: Operates as an independent manufacturer within the BH Group ecosystem, with potential regional subsidiaries or affiliated entities to support global operations and supply chain needs