1. South Korea Stocks

  2. •

    Producer manufacturing

  3. •

    Industrial machinery
Formetal Co., Ltd

Formetal Co., Ltd

KKRX:119500
2,520.00
KRW
+220.00
(+9.57%)
172.50EPS
21.56P/E
44.07BMarket 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
4,396.06
4,308.93
3,785.22
3,870.84
4,556.21
4,692.05
4,354.23
4,400.72
5,245.92
5,885.48
5,994.49
5,487.87
5,568.03
5,495.13
Basic EPS, GAAP
117
37
73
159
207
177
186
149
170
146
161
132
182
172.5
Free Cash Flow per Basic Share
-26.3
42.4
-140.4
-10.04
-146.42
-266.93
107.39
215.75
-27.93
153.83
246.47
346.32
354.87
437.62
Dividend per Share
38.17
27.3
20.54
29.9
39.97
60.16
60.04
59.91
60.06
60.11
59.94
59.88
59.94
60
Book Value per Share
3,185.61
3,196.12
3,264.01
3,395.7
3,525.32
3,661.29
3,775.67
3,862.53
3,969.37
4,071.9
4,154.7
4,225.5
4,335.93
4,315.5
Tangible Book Value per Share
3,162.02
3,187.68
3,257.67
3,392.21
3,522.56
3,658.26
3,773.61
3,861.44
3,967.56
4,068.44
4,152.08
4,223.69
4,334.94
4,314.71
Basic Weighted Avg Shares
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
52,351
51,404
44,940
45,817
54,017
55,441
51,552
52,213
62,089
69,600
71,095
65,149
66,035
65,102
Operating Margin (%)
1.2
1.49
1.24
5.16
5.79
3.87
4.16
3.68
3.4
2.9
3.01
2.29
3.58
3.46
Depreciation Expense
1,405
1,554
1,554
1,590
1,670
2,006
2,224
2,332
2,359
2,391
2,438
2,523
2,601
2,612
Net Income, GAAP
1,393
441
867
1,882
2,454
2,091
2,202
1,768
2,012
1,727
1,909
1,567
2,158
2,044
Effective Tax Rate (%)
- -
1.48
- -
12.43
20.52
- -
0.27
2.57
2.33
1.31
2.71
- -
14.55
14.83
Profit Margin (%)
2.66
0.86
1.93
4.11
4.54
3.77
4.27
3.39
3.24
2.48
2.69
2.41
3.27
3.14
Working Capital
4,613
3,299
4,123
6,592
5,240
4,134
5,040
3,077
6,931
8,729
9,456
11,236
14,698
15,277
LT Debt
6,966
5,557
3,928
4,609
3,987
5,188
5,213
834
2,595
2,374
194
110
66
55
Total Equity
37,620
37,705
38,506
40,230
41,765
43,376
44,731
45,760
47,026
48,241
49,222
50,060
51,369
51,127
Return on Invested Capital (%)
- -
1.54
- -
4.47
5.2
- -
4.06
3.52
3.8
3.61
3.78
- -
3.77
3.61
Return on Capital (%)
- -
1.77
- -
4.4
5.39
- -
4.59
3.59
3.96
3.53
3.97
- -
4.19
3.97
Return on Common Equity (%)
3.73
1.17
2.27
4.78
5.99
4.91
5
3.91
4.34
3.62
3.92
3.16
4.26
4.04

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,044
1,544
1,544
LT Borrowings
77
66
55
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
35,482
40,991
44,072

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
24,000
23,769
25,239
Cash, Cash Equivalents & STI
4,732
5,644
6,516
Accounts Receivable, Net
10,985
10,113
10,660
Inventories
8,191
7,882
7,871
Total Current Liabilities
10,078
9,070
9,962
Payables & Accruals
- -
- -
- -
ST Debt
2,044
1,544
1,544
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.93%
2.34%
2.61%
Free Cash Flow
65.07%
-131.9%
2.37%
Net Income, GAAP
14.84%
6.01%
37.74%
Sales/Revenue/Turnover
4.29%
5.23%
1.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16,450
17,356
15,916
15,427
65,149
2025
16,075
18,136
16,904
14,920
66,035
2026
15,142
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31
56
41
4.69
132
2025
49
69.83
37.91
25.2
182
2026
39.57
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
59.39
- -
- -
- -
59.88
2025
59.69
- -
- -
- -
59.94
2026
60
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ho-Seok Oh
Full Time Employees
133
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Seosan-si South Korea
IPO Date
Sep 17, 2010
Website
formetal.co.kr
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Business
Formetal Co., Ltd. is a South Korea-based precision forging and industrial component manufacturer specializing in the engineering, production, and distribution of high-strength forged metal components for heavy industry, defense, robotics, automotive, and energy applications. Founded in October 1969 and headquartered in Seosan-si, Chungcheongnam-do, South Korea, the company operates specialized closed-die, open-die, composite, and hollow forging facilities integrated with precision machining lines. Formetal Co., Ltd. structures its core offerings across six main product categories: Robotics and Precision Drive Components, comprising high-precision cycloidal gears, RV reducer gear blanks, robotic joint drive gears, and motion-control mechanism components; Defense and Military Hardware, comprising forged structural and mobility parts for armored vehicles, self-propelled artillery, and main battle tanks, including suspension axle arms, road wheels, hub bearings, torsion bar arms, track eye forgings, ice cleats, and oil caps; Industrial Machinery and Heavy Equipment, comprising boom bearings, swing bearings, center bearings, drive sprockets, hydraulic valve bodies, track links, and transmission shafts for excavators and construction machinery; Automotive Components, comprising wheel spindles, steering knuckles, steering yokes, suspension control arms, connecting rods, camshafts, rack pistons, and differential gear blanks; Wind Energy Infrastructure, comprising main rotor shaft forgings, hold flanges, bearing rings, spindle rings, and yaw and pitch drive components for wind turbines; and Agricultural Machinery, comprising engine crankshafts, bevel gears, power transmission shafts, and linkage assemblies for tractors and harvesters. The company supplies original equipment manufacturers across South Korea, Japan, North America, and Europe. In recent operational and strategic developments, Formetal Co., Ltd. has expanded precision forging and machining production lines at its Seosan complex to address rising global demand for precision RV reducer components in industrial automation and robotics, reinforcing its key supply chain position with global precision gear and reducer manufacturers including Japan-based Nabtesco. In addition, the company has scaled defense-related forging output to support increasing international procurement and export volumes for South Korean land defense systems. Formetal Co., Ltd. has also integrated automated forging presses and near-net-shape hollow forging processes to optimize material yield and structural durability for next-generation vehicle and machinery applications, alongside maintaining shareholder value initiatives through consistent annual dividend distributions.