CQV Co., Ltd

CQV Co., Ltd

KKRX:101240
3,160.00
KRW
0.00
(0.00%)
753.00EPS
4.14P/E
41.32BMarket 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
4,102.96
4,061.06
3,350.2
4,232.31
4,569.14
4,432.17
4,862.79
4,043.88
4,374.75
5,065.53
5,445.23
5,816.87
5,352.58
5,388.63
Basic EPS, GAAP
360.48
457.77
328.81
542.99
430.62
482.33
646.08
399.02
384.31
589.22
365
896
895
919.55
Free Cash Flow per Basic Share
103.47
39.46
-51.26
124.91
223.57
-564.78
-360.81
57.37
358.04
873.92
710.52
1,052.97
647.44
883.46
Dividend per Share
- -
- -
69.62
76.76
90.57
98.32
113.44
166.65
98.02
117.71
171.91
- -
- -
- -
Book Value per Share
4,393.75
4,514.14
4,469.41
4,862.01
5,020.57
5,437.19
5,917.37
6,244.02
6,520.72
7,093.97
7,599.49
8,557.65
10,636.73
10,316.22
Tangible Book Value per Share
3,969.86
4,204.48
4,170.89
4,539.56
4,669.21
5,038.85
5,501.86
5,813.7
6,085.56
6,672.62
7,378.23
8,422.04
10,563.19
10,255.84
Basic Weighted Avg Shares
7
7
9
9
9
9
9
9
9
9
9
10
11
11
Sales/Revenue/Turnover
28,083
29,771
30,644
37,880
40,172
41,389
44,747
36,972
40,002
46,285
51,101
60,147
56,519
57,590
Operating Margin (%)
12.16
14.86
9.9
15.01
12.36
12.14
17.31
11.2
10.22
14.06
9.84
16.98
18
18.04
Depreciation Expense
2,757
2,888
2,986
3,058
2,756
2,275
2,510
3,133
3,677
3,756
3,843
3,558
3,167
3,139
Net Income, GAAP
2,467
3,356
3,008
4,860
3,786
4,504
5,945
3,648
3,514
5,384
3,425
9,265
9,451
9,828
Effective Tax Rate (%)
0.1
7.61
7.6
13.29
4.14
9.26
14.76
- -
17.89
16.27
7.11
15.63
15.44
15.47
Profit Margin (%)
8.79
11.27
9.81
12.83
9.42
10.88
13.29
9.87
8.78
11.63
6.7
15.4
16.72
17.06
Working Capital
15,403
12,961
13,642
18,798
20,355
16,888
18,269
20,221
23,713
33,273
34,444
19,858
28,894
32,156
LT Debt
7,561
500
- -
3,000
- -
2,576
6,084
5,520
4,386
8,100
6,829
165
119
102
Total Equity
30,889
38,117
40,717
42,779
47,019
50,173
54,096
57,082
59,612
64,852
77,045
88,473
115,503
112,023
Return on Invested Capital (%)
7.59
8.34
5.34
9.03
8.14
7.2
9.24
- -
4.21
6.71
5.46
8.78
7.13
7.36
Return on Capital (%)
7.28
8.35
6.26
9.48
7.08
7.56
8.8
- -
4.78
7.25
4.84
10.43
9.14
9.53
Return on Common Equity (%)
8.56
9.73
7.63
11.64
8.43
9.27
11.4
6.56
6.02
8.65
4.83
11.19
9.27
9.81

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
22,874
16,688
16,983
LT Borrowings
- -
- -
- -
LT Finance Leases
136
119
102
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
53,914
45,770
41,318

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
57,027
51,527
57,191
Cash, Cash Equivalents & STI
20,649
8,348
20,255
Accounts Receivable, Net
11,895
9,452
12,986
Inventories
23,430
24,547
23,193
Total Current Liabilities
29,838
22,634
25,034
Payables & Accruals
- -
- -
- -
ST Debt
22,874
16,688
16,983
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.24%
15.48%
30.55%
Free Cash Flow
-10.62%
135.53%
-37.21%
Net Income, GAAP
23.74%
37.13%
2.01%
Sales/Revenue/Turnover
6.94%
9.2%
-6.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,034
16,650
14,519
14,944
60,147
2025
14,700
15,991
14,047
11,782
56,519
2026
15,770
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
180
314
129
273.94
896
2025
197
353.95
176.69
172.15
895
2026
221.9
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Kwang Su Lim
Full Time Employees
191
Sector
Process industries
Industry
Industrial specialties
Address
Jincheon-gun South Korea
IPO Date
Nov 8, 2011
Website
cqv.co.kr
Business
CQV Co., Ltd. is a South Korean specialty chemical company that researches, develops, manufactures, and markets high-performance pearlescent effect pigments and functional materials for industrial, automotive, and cosmetic applications worldwide. Founded in 2000 and headquartered in Jincheon, Chungcheongbuk-do, South Korea, the company operates as a key subsidiary of Hong Kong-listed Global New Material International Holdings Limited. CQV provides a comprehensive portfolio of surface effect materials utilizing synthetic mica, natural mica, glass flakes, and alumina substrates, systematically categorized into core product lines: synthetic mica-based effect pigments marketed under the Reflex, Chaos, and Kromax series, offering high luster, whiteness, and chroma for automotive exterior coatings, powder coatings, and plastics; natural mica-based pearlescent pigments utilized across industrial paints, printing inks, synthetic leather, and construction materials; high-purity platy alumina-based effect pigments marketed under the Adamas and Adamas Exterior series, engineered for high weather resistance, sparkle, and intense color saturation in automotive OEM and refinish applications; cosmetic-grade pearlescent and functional effect pigments marketed under the Econa, Econa Natural, Featheleve, Mirinae, Glare, Esorora, Skolor, and Magchrom lines for lipsticks, foundations, eye shadows, and personal care formulations; non-metallic metallic-effect pigments under the Ferrius brand; optically variable multi-angle effect pigments under the Multiorora line; and functional inorganic powders for tactile modification, light diffusion, and thermal stability. The company serves automotive coatings manufacturers, industrial formulators, and multinational cosmetic brands across more than 100 countries throughout Asia, Europe, North America, South America, and the Middle East, supported by production and R&D facilities in Jincheon and international distribution partnerships with organizations such as DKSH. In recent major company developments, Global New Material International acquired a controlling majority stake in CQV, driving operational integration and global supply chain synergies across the parent group's expanded international effect pigment portfolio; the company broadened its commercial distribution footprint across European and North American territories through specialized regional distribution partnerships; accelerated the commercial rollout of eco-friendly, plant-extract-infused cosmetic pigments under the Econa Natural series; and scaled up manufacturing capabilities for high-value synthetic mica and alumina-based automotive exterior pigments to address increasing global demand for advanced functional coatings and sustainable decorative materials.