MAKUS, Inc.

MAKUS, Inc.

KKRX:093520
25,350.00
KRW
-300.00
(-1.17%)
2,614.75EPS
8.60P/E
190.51BMarket Cap
Nov 18Next 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
4,331.63
4,234.23
4,981.88
4,410.72
6,183.28
6,512.49
4,409.55
7,091.64
11,702.5
16,230.86
16,273.56
19,746.37
25,670.52
24,871.34
Basic EPS, GAAP
302
340
323
109
648
689
367
650
2,076
1,854
1,878
1,983
2,604
2,611.81
Free Cash Flow per Basic Share
1,212.72
-1,177.89
991.51
-491.86
734.04
489.81
150.91
-67.54
1,179.02
2,193.78
-4,822.73
4,881.64
7,548.2
-1,437.02
Dividend per Share
- -
- -
- -
74.76
101.76
123.2
123.15
105.08
100.02
120.91
125.21
152.72
215.26
- -
Book Value per Share
2,210.39
2,531.4
2,827.17
2,878.19
3,413.35
3,903.44
4,101.05
4,698.84
6,623.45
8,312.18
9,952.01
11,882.58
14,807.09
13,812.07
Tangible Book Value per Share
2,204.61
2,524.18
2,821.64
2,873.89
3,409.09
3,901.21
4,099.6
4,697.62
6,622.81
8,303.41
9,941.79
11,872.28
14,805.73
13,810.61
Basic Weighted Avg Shares
15
15
15
15
14
14
13
12
12
12
11
10
9
9
Sales/Revenue/Turnover
64,630
63,536
73,526
67,725
87,365
88,034
57,482
86,913
140,727
193,763
175,414
199,579
227,242
216,276
Operating Margin (%)
9.11
11.35
9.15
5.15
12.58
14.71
10.35
10.89
18.49
16.23
15.02
13.47
12.8
13.18
Depreciation Expense
87
151
157
153
132
131
287
269
257
293
360
356
363
380
Net Income, GAAP
4,506
5,102
4,767
1,674
9,156
9,314
4,784
7,966
24,965
22,133
20,243
20,042
23,051
22,712
Effective Tax Rate (%)
29.38
21.52
22.9
44.78
19.94
22.07
22.49
21.84
19.08
22.7
20.38
20.82
22.4
22.44
Profit Margin (%)
6.97
8.03
6.48
2.47
10.48
10.58
8.32
9.17
17.74
11.42
11.54
10.04
10.14
10.5
Working Capital
25,541
32,228
34,309
33,727
38,124
42,508
43,678
45,400
71,364
81,505
94,605
103,913
114,264
98,451
LT Debt
- -
- -
- -
1,548
1,548
- -
110
22
- -
410
4,274
145
9
10,002
Total Equity
33,152
37,966
40,565
41,060
46,960
51,802
52,413
56,237
79,433
93,359
102,384
113,386
126,121
117,665
Return on Invested Capital (%)
11.62
13.83
11.64
4.4
18.31
18.81
8.33
12.98
29
25.68
16.7
14.38
15
14.68
Return on Capital (%)
13.12
13.1
11.23
4.45
20.13
18.24
8.95
14.22
36.46
25.46
17.48
14.78
16.69
16.53
Return on Common Equity (%)
14.75
14.35
12.14
4.08
20.63
18.7
9.11
14.57
36.66
25.56
20.67
18.59
19.3
19.69

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
23,968
19,168
14,122
LT Borrowings
- -
- -
10,000
LT Finance Leases
28
9
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
8
8
Market Capitalization
189,881
186,268
190,511

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
247,823
222,757
220,152
Cash, Cash Equivalents & STI
131,756
106,389
64,026
Accounts Receivable, Net
24,343
22,538
29,314
Inventories
56,009
77,179
63,644
Total Current Liabilities
138,477
108,493
121,701
Payables & Accruals
- -
- -
- -
ST Debt
23,968
19,168
14,122
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.48%
18.09%
11.23%
Free Cash Flow
-282.35%
-437.21%
35.43%
Net Income, GAAP
60.93%
41.5%
15.01%
Sales/Revenue/Turnover
15.62%
23.56%
13.86%
Total Cash Common Dividend
- -
8.94%
23.45%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39,022
41,666
41,920
76,971
199,579
2025
66,235
65,684
49,326
45,997
227,242
2026
55,269
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
440
401
353
820.43
1,983
2025
821
876.04
335.79
556.6
2,604
2026
842.56
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
152.72
2025
- -
- -
- -
- -
215.26
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
43
Sector
Electronic technology
Industry
Semiconductors
Address
Seoul South Korea
IPO Date
Feb 12, 2007
Business
MAKUS, Inc. is a South Korea-based distributor and technical solutions provider specializing in non-memory semiconductors and enterprise IT hardware. Founded in 2006 and headquartered in Seoul, South Korea, the company operates across two primary operating segments: Non-Memory Semiconductor Solutions and IT Storage Systems. MAKUS, Inc. acts as an authorized technical distributor and engineering partner for tier-one global semiconductor manufacturers, delivering integrated component distribution alongside custom circuit design, embedded engineering consulting, and application support services. The company's core product and service portfolio comprises: non-memory semiconductor devices, including Field-Programmable Gate Arrays (FPGAs), Adaptive System-on-Chips (SoCs), Microcontroller Units (MCUs), programmable logic devices (PLDs), analog integrated circuits, power management semiconductors, and radio frequency (RF) and optical communication components sourced from global partners such as AMD (formerly Xilinx), Renesas Electronics Corporation, and MACOM Technology Solutions; technical design and engineering support services, including FPGA circuit architecture design, intellectual property (IP) core implementation, board-level hardware verification, firmware development support, technical training, and field application engineering consultancy; and enterprise hardware infrastructure solutions, distributed through its subsidiary Makus Systems, Inc., encompassing enterprise solid-state drives (SSDs), server platforms, data storage arrays, and related hardware maintenance and lifecycle management services. Additionally, the company engages in venture capital financing and corporate investments through its subsidiary Makus Investment, Inc. MAKUS, Inc. primarily serves domestic technology enterprises, equipment manufacturers, and system integrators across diverse end markets, including artificial intelligence (AI) acceleration, high-performance data centers, 5G and telecommunication network infrastructure, aerospace and defense systems, automotive electronics, industrial automation, and medical imaging devices. In recent major developments, MAKUS, Inc. has expanded its advanced engineering offerings and technical sales capacity to support growing domestic demand for high-performance AMD Xilinx FPGA and Adaptive SoC platforms utilized in artificial intelligence inference acceleration, edge computing, and high-bandwidth telecom infrastructure. The company has also reinforced its corporate governance and capital allocation framework through major shareholder return initiatives, executing substantial treasury stock repurchases and cancellations alongside enhanced dividend distributions. Furthermore, in April 2026, MAKUS, Inc. relocated its corporate headquarters to Nonhyeon-ro, Gangnam-gu, Seoul, consolidating its technical laboratories, engineering teams, and administrative operations to support continued operational expansion.