SY CO. LTD.

SY CO. LTD.

KKRX:109610
1,780.00
KRW
-8.00
(-0.45%)
-390.10EPS
86.54BMarket Cap
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
15,634.94
16,148.49
10,206.74
13,474.8
13,630.02
12,405.24
13,091.28
9,456.55
11,206.48
12,260.71
11,924.63
10,719.37
11,303.93
Basic EPS, GAAP
281.53
456.88
57.91
9.76
57.12
-525.93
-1,034
197
169
-200
73
-302
-290.96
Free Cash Flow per Basic Share
-989.27
-887.15
-1,534.81
-1,301.47
-605.43
-36.23
-44.01
-591.62
238.1
-292.04
-283.1
-541.43
-1,582.1
Dividend per Share
- -
- -
29.76
- -
- -
- -
- -
- -
- -
- -
- -
66.41
50.05
Book Value per Share
1,136.36
1,924.13
2,153.31
3,519.41
3,572.15
3,584.68
3,208.78
3,570.07
3,719.46
3,597.2
3,537.79
3,639.85
3,433.51
Tangible Book Value per Share
1,077.1
1,859.07
2,025.65
3,415.18
3,461.54
3,477.59
3,168.67
3,538.19
3,690.75
3,582.7
3,523.57
3,622.64
3,416.55
Basic Weighted Avg Shares
15
16
30
29
31
31
24
45
48
45
47
47
47
Sales/Revenue/Turnover
238,349
261,725
306,117
393,503
419,929
380,109
310,073
424,098
537,202
553,670
561,009
501,553
528,019
Operating Margin (%)
3.75
5.71
3.02
2.42
2.17
-2.21
-4.02
3.33
2.61
2.45
3.91
-1.32
-1.28
Depreciation Expense
5,265
5,956
7,750
8,771
10,045
13,037
12,448
13,392
13,042
12,431
11,294
12,061
11,657
Net Income, GAAP
4,292
7,405
1,737
285
1,760
-16,115
-24,491
8,835
8,101
-9,032
3,434
-14,130
-13,591
Effective Tax Rate (%)
19.36
22.46
57.25
88.03
56.27
- -
- -
11.86
34.99
- -
53.06
- -
- -
Profit Margin (%)
1.8
2.83
0.57
0.07
0.42
-4.24
-7.9
2.08
1.51
-1.63
0.61
-2.82
-2.57
Working Capital
-15,582
-21,021
-30,635
-9,242
4,275
-16,184
28,669
40,416
27,239
47,789
10,247
65,805
60,428
LT Debt
42,496
40,542
52,635
47,081
40,481
41,581
47,027
32,864
24,075
42,402
21,067
21,873
32,328
Total Equity
30,454
50,627
56,546
113,855
122,623
121,685
157,090
182,715
189,205
195,742
195,875
246,989
236,803
Return on Invested Capital (%)
- -
8.23
2.27
0.52
1.61
- -
- -
4.33
2.93
- -
3.08
- -
- -
Return on Capital (%)
- -
7.31
2.21
0.3
1.65
- -
- -
4.45
3.86
- -
1.33
- -
- -
Return on Common Equity (%)
- -
18.88
3.54
0.37
1.61
-14.58
-19.13
5.57
4.66
-5.17
2.02
-8.24
-7.89

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
129,148
148,122
181,851
LT Borrowings
19,736
18,629
31,370
LT Finance Leases
2,136
2,048
958
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
145,662
125,842
86,538

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
268,708
289,663
324,240
Cash, Cash Equivalents & STI
80,573
72,218
64,217
Accounts Receivable, Net
108,979
116,688
129,597
Inventories
69,914
86,667
112,889
Total Current Liabilities
202,903
230,254
263,811
Payables & Accruals
- -
- -
- -
ST Debt
129,148
148,122
181,851
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.86%
9.9%
26.09%
Free Cash Flow
222.96%
435.6%
90.21%
Net Income, GAAP
-161.17%
-201.06%
-511.44%
Sales/Revenue/Turnover
8.16%
11.45%
-10.6%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
137,981
151,659
126,022
145,346
561,009
2025
116,302
135,936
116,579
132,736
501,553
2026
126,301
152,404
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28.53
14
62
-13.64
73
2025
-78
-72
-40
-108.94
-302
2026
-73
-69
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
15.65
0.18
50.04
- -
66.41
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
341
Sector
Process industries
Industry
Industrial specialties
Address
Suwon-si South Korea
IPO Date
Dec 29, 2015
Business
SY Co., Ltd. is a South Korea-based manufacturer and distributor of comprehensive building materials, specializing in architectural panel systems, insulation solutions, and structural steel products. Founded in 2000 and headquartered in Suwon-si, Gyeonggi-do, South Korea, the company operates across the building materials, structural steel, modular construction, and renewable energy sectors, serving commercial, industrial, institutional, and residential clients domestically and internationally across markets including Vietnam, Indonesia, and Cambodia. The company's core product and service portfolio comprises architectural sandwich panels, including glass wool panels, mineral wool panels, polyisocyanurate (PIR) panels, polyurethane (PUR) panels, expanded polystyrene (EPS) panels, fireproof and non-combustible panels, and cleanroom panels; pre-painted and coated steel sheets, including pre-coated metal (PCM) sheets, printed steel coils, and galvanized color steel plates; insulation materials, including rigid polyurethane foam boards and specialized thermal insulation boards; structural floor systems and deck plates, including truss deck plates and insulating deck plates engineered for multi-story construction; modular housing and pre-engineered building systems, including panelized housing units marketed under the Polychem House brand, emergency shelters, school facilities, and medical barracks; exterior architectural finishes, including slim brick rail systems and aluminum composite panels; and renewable energy solutions, including roof-mounted solar photovoltaic systems, building-integrated photovoltaics (BIPV), and energy storage system (ESS) installations. In recent developments, SY Co., Ltd. has actively expanded its operational footprint and structural capabilities through strategic initiatives, capital market transactions, and global partnerships. In November 2023, the company completed the initial public offering of its structural deck plate manufacturing subsidiary, SY Steeltech Co., Ltd., on the KOSDAQ exchange to accelerate growth in specialized construction engineering. To capture opportunities in international infrastructure and post-conflict rebuilding, SY Co., Ltd. signed a memorandum of understanding with Ukraine-based Euro Invest Holding LLC to establish a local manufacturing facility for sandwich panels and color steel sheets, while also partnering with Kolon Global Corporation to co-develop off-site construction (OSC) methodologies and climate-tailored exterior panel technologies for reconstruction projects. Furthermore, the company established a strategic cooperation agreement with Human C&D in early 2024 to scale domestic and overseas modular building operations. Concurrently, SY Co., Ltd. continues to advance its product lineup with high-performance fire-resistant glass wool and PIR panel formulations in response to strengthened building safety standards, while scaling its turnkey rooftop solar EPC and building-integrated clean energy solutions.