Inhwa Precision Co., Ltd

Inhwa Precision Co., Ltd

KKRX:101930
5,810.00
KRW
+310.00
(+5.64%)
751.29EPS
12.30P/E
423.93BMarket 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
1,766.48
2,474.57
2,682.12
2,083.68
2,254.23
2,175.65
2,815.71
2,303.87
2,406.64
2,303.29
2,249.73
1,941.31
2,333.41
2,283.91
Basic EPS, GAAP
210.4
-42.2
175
-24.6
227
-38.6
-184.4
693.2
332.5
-231.2
54
837.4
552.6
751.29
Free Cash Flow per Basic Share
192.38
-419.6
842.73
-144.21
62.93
-69.73
96.57
223.44
40.61
-134.17
132.64
330.74
-30
-173.75
Dividend per Share
10
9.98
10
9.99
10
10.01
- -
- -
- -
- -
- -
428.05
340.62
200.02
Book Value per Share
2,857.88
2,809.48
2,978.55
3,058.18
3,152.2
3,095.07
2,892.58
3,581.39
4,130.87
3,651.01
3,720.75
5,575.94
7,440.24
7,438.53
Tangible Book Value per Share
2,854.87
2,806.6
2,975.77
3,055.5
3,145.85
3,089.42
2,887.79
3,577.45
4,127.78
3,648.35
3,718.17
5,573.45
7,437.71
7,427.12
Basic Weighted Avg Shares
46
46
46
46
46
46
46
46
46
47
46
48
46
46
Sales/Revenue/Turnover
81,079
113,845
123,093
95,774
103,511
99,817
129,289
105,747
110,475
107,304
103,951
92,784
107,958
105,424
Operating Margin (%)
3.9
7.47
6.41
-0.81
-0.47
-2.03
2.32
-0.6
3.29
7.85
4.7
11.06
14.55
16.17
Depreciation Expense
6,440
7,857
7,775
8,055
7,985
7,748
7,675
7,764
7,209
6,635
6,473
4,034
4,510
4,519
Net Income, GAAP
9,657
-1,941
8,031
-1,131
10,424
-1,771
-8,467
31,818
15,263
-10,771
2,495
40,023
25,567
34,679
Effective Tax Rate (%)
5.81
- -
- -
- -
24.84
- -
- -
- -
44.36
- -
- -
28.53
18.08
14.67
Profit Margin (%)
11.91
-1.71
6.52
-1.18
10.07
-1.77
-6.55
30.09
13.82
-10.04
2.4
43.14
23.68
32.89
Working Capital
-17,185
-7,655
23,510
10,199
11,682
-44,197
-53,430
-56,670
-67,863
-72,828
15,781
-29,037
117,595
113,645
LT Debt
25,028
- -
24,000
11,397
397
8,819
315
259
153
8,476
6,636
14,047
1,308
303
Total Equity
131,189
128,967
136,738
140,384
144,699
142,077
132,782
164,401
189,625
170,351
168,685
259,925
341,354
341,276
Return on Invested Capital (%)
1.4
- -
- -
- -
-0.15
- -
- -
- -
0.63
- -
- -
2.14
3.05
3.46
Return on Capital (%)
5.68
- -
- -
- -
4.92
- -
- -
- -
5.46
- -
- -
12.99
7.12
9.14
Return on Common Equity (%)
7.68
-1.49
6.05
-0.82
7.31
-1.24
-6.16
21.41
8.62
-5.98
1.47
18.68
8.5
11.27

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
73,406
61,403
61,900
LT Borrowings
1,300
1,300
300
LT Finance Leases
12
8
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
510,578
423,926
423,926

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
221,238
224,603
211,813
Cash, Cash Equivalents & STI
189,222
190,295
176,381
Accounts Receivable, Net
15,535
15,285
17,066
Inventories
13,411
14,789
15,618
Total Current Liabilities
117,628
107,007
98,169
Payables & Accruals
- -
- -
- -
ST Debt
73,406
61,403
61,900
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.08%
17.92%
31.33%
Free Cash Flow
-124.48%
-133.2%
-108.78%
Net Income, GAAP
-22.84%
224.43%
-36.12%
Sales/Revenue/Turnover
-0.23%
0.82%
16.35%
Total Cash Common Dividend
- -
- -
-22.97%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21,768
25,499
20,568
24,949
92,784
2025
28,521
25,162
28,795
25,480
107,958
2026
25,987
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,170
-254.6
63.8
-82.32
837.4
2025
-50
416.03
-67.4
255.12
552.6
2026
147.05
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
451.24
0.02
- -
- -
428.05
2025
- -
- -
200.14
- -
340.62
2026
- -
- -
- -
- -
- -

Company Description

CEO
In Lee
Full Time Employees
92
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
Changwon South Korea
IPO Date
Oct 22, 2010
Business
Inhwa Precision Co., Ltd. is a South Korea-based industrial manufacturing company primarily engaged in the development, production, and distribution of precision marine engine components, industrial metal forming machinery, fabricated metal structures, and automotive parts. Founded in 1999 and headquartered in Changwon-si, Gyeongsangnam-do, South Korea, the company operates an integrated manufacturing system covering welding, pipe fitting, steel fabrication, and high-precision CNC machining. Inhwa Precision conducts business across four core operating divisions: Marine Engine Parts, Metal Forming Machinery, Metal Structures, and Automotive Components. Its marine engineering portfolio comprises large-scale low-speed and medium-speed diesel engine casing and support structures, including cylinder covers; cylinder frames; bed plates; frame boxes; base frames; camshaft frames; and common beds, supplying tier-one shipbuilders and engine builders such as HD Hyundai Heavy Industries, Hanwha Engine, and HD Hyundai Marine Engine. The metal forming machinery division manufactures continuous dry wire drawing machines and related industrial wire equipment. The metal structures division produces heat exchangers for industrial boilers; pressure vessels; heat recovery steam generators (HRSG); suspension bridge structures; and rolling stock bogie frames. The company additionally produces precision automotive components through its consolidated subsidiary Daeyon Precision Co., Ltd., with auxiliary industrial machinery and structural fabrication conducted through subsidiaries Haedong Industry Co., Ltd. and Samhwan General Machine Industrial Co., Ltd. In recent developments, Inhwa Precision finalized the strategic divestiture of its substantial shareholding in HSD Engine (now Hanwha Engine) to Hanwha Impact in early 2024, reallocating capital into strategic investment vehicles including an additional KRW 45 billion commitment to the Socius No. 5 Corporate Financial Stability Private Equity Fund to support cargo aviation and logistics growth. Concurrently, the company adopted a corporate value enhancement roadmap and a multi-year shareholder return framework pledging at least 50% of consolidated operating profit toward dividends and share repurchases and cancellations, while expanding manufacturing automation and tooling capacity to capture surging global commercial shipbuilding orders.