Genoray Co., Ltd.

Genoray Co., Ltd.

KKRX:122310
3,115.00
KRW
-55.00
(-1.74%)
203.87EPS
16.21P/E
43.10BMarket 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
3,301.67
3,087.21
3,447.74
4,134.7
4,457.77
4,767.96
1,607.97
4,299.55
5,197.22
5,871.3
7,150.36
8,034.82
8,698.23
8,645.71
Basic EPS, GAAP
47.33
103.33
216
348.33
518
802.33
327
709
1,002
988
912
-135
61
208.86
Free Cash Flow per Basic Share
-88.47
103.71
-31.95
204.83
140.39
228.45
143.9
294.66
452.97
75.15
-125.26
524.38
310.26
657.25
Dividend per Share
- -
- -
- -
- -
- -
- -
33.87
134.29
120
172.46
163.34
164.11
180.6
- -
Book Value per Share
749.02
865.8
910.39
1,186.79
1,948.25
3,588.75
4,123.56
4,654.22
5,522.25
6,293.51
6,981.6
6,768.59
6,636.42
6,425.49
Tangible Book Value per Share
279.9
352.08
370.59
617.26
1,244.9
2,801.45
3,297.91
3,662.69
4,400.58
4,949.08
5,213.4
6,027.95
6,042.61
5,905.9
Basic Weighted Avg Shares
9
9
9
9
10
12
40
14
14
14
14
13
12
12
Sales/Revenue/Turnover
30,475
28,569
31,880
38,278
44,492
56,289
65,106
61,688
74,290
82,604
97,897
106,982
108,042
107,881
Operating Margin (%)
5.07
3.16
8.15
12
13.94
19.47
22.53
18.03
20.15
18.06
13.03
6.08
-0.23
-1.49
Depreciation Expense
1,508
1,495
1,493
1,579
1,921
2,093
3,152
3,264
3,561
3,633
4,278
7,254
8,493
8,614
Net Income, GAAP
437
956
1,997
3,225
5,170
9,472
13,240
10,172
14,323
13,900
12,486
-1,797
758
2,606
Effective Tax Rate (%)
29.95
- -
- -
9.1
6.15
14.25
11.63
4.93
9.28
11.49
4.67
- -
- -
- -
Profit Margin (%)
1.43
3.35
6.26
8.42
11.62
16.83
20.34
16.49
19.28
16.83
12.75
-1.68
0.7
2.42
Working Capital
1,874
6,333
8,043
7,562
14,120
33,100
43,363
46,119
52,396
50,974
46,370
43,356
37,702
41,211
LT Debt
2,125
6,447
6,736
2,055
2,193
2,322
2,906
1,192
732
351
5,557
7,270
7,330
9,384
Total Equity
9,341
10,798
11,354
14,801
24,298
44,973
59,586
66,527
78,817
87,963
95,533
85,278
83,751
81,045
Return on Invested Capital (%)
6.1
- -
- -
16.88
19.82
22.43
21.34
14.26
15.87
13.77
11.32
- -
- -
- -
Return on Capital (%)
4.71
- -
- -
15.09
19.07
23.44
22.45
14.12
17.04
14.82
12.32
- -
- -
- -
Return on Common Equity (%)
4.8
9.5
18.03
24.66
26.45
27.35
25.33
16.13
19.71
16.67
13.62
-1.98
0.89
3.23

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26,675
26,855
26,977
LT Borrowings
- -
3,469
3,388
LT Finance Leases
7,330
6,873
5,996
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
52,964
54,810
43,097

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
77,651
83,997
88,034
Cash, Cash Equivalents & STI
16,640
21,937
19,936
Accounts Receivable, Net
13,268
12,088
9,724
Inventories
45,364
47,000
54,098
Total Current Liabilities
39,950
43,350
46,822
Payables & Accruals
- -
- -
- -
ST Debt
26,675
26,855
26,977
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.99%
5.23%
-1.79%
Free Cash Flow
-143.16%
-168.93%
-44.8%
Net Income, GAAP
-0.73%
-45.77%
-142.15%
Sales/Revenue/Turnover
13.36%
12.08%
0.99%
Total Cash Common Dividend
- -
4.61%
2.66%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25,045
29,219
23,960
28,757
106,982
2025
25,158
27,004
21,831
34,048
108,042
2026
25,385
26,616
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162
84
33
-412.89
-135
2025
10
-143
-82
275
61
2026
-31.98
48
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
164.11
2025
- -
- -
-0.06
0.06
180.6
2026
- -
- -
- -
- -
- -

Company Description

CEO
Byeong-Uk Park
Full Time Employees
358
Sector
Health technology
Industry
Medical specialties
Address
Seongnam-si South Korea
IPO Date
May 28, 2018
Business
Genoray Co., Ltd. is a South Korea-based medical device company that develops, manufactures, and markets diagnostic medical and dental digital X-ray imaging systems. Founded in 2001 and headquartered in Seongnam-si, Gyeonggi-do, South Korea, the company operates across two principal business divisions: Medical Diagnostic Systems and Dental Imaging Systems. In its Medical division, the company manufactures and sells surgical mobile C-arm fluoroscopy systems, including the OSCAR 15, OSCAR Prime, ZEN-7000, and ZEN-2090 Pro series utilized in orthopedics, neurosurgery, pain management, and vascular interventions; full-field digital mammography systems, including the DMX-600 and MX-600 series for diagnostic breast screening; and portable diagnostic radiography units. In its Dental division, Genoray provides multi-functional cone beam computed tomography (CBCT) systems, including the Papaya 3D, Papaya 3D Plus, and Papaya 3D Premium lines that integrate 3D CBCT, panoramic, cephalometric, and model scanning capabilities; handheld and portable dental X-ray devices, including the Port-X IV and Port-X II series; intraoral digital X-ray sensors under the GIX-I brand; and proprietary clinical imaging and treatment planning software. The company supplies hospitals, specialized surgical centers, private dental practices, and veterinary clinics across more than 80 countries, supported by international subsidiaries including Genoray America Inc. in the United States, Genoray EU GmbH in Germany, Genoray Japan Co., Ltd. in Japan, Genoray Medical Equipment Co., Ltd. in China, and Genoray Medtech in Turkey. In recent operational developments, Genoray has accelerated the rollout of its next-generation flat-panel detector (FPD) surgical C-arm systems featuring low-dose fluoroscopy and artificial intelligence-assisted image reconstruction; expanded its presence in Western healthcare markets by securing European Medical Device Regulation (MDR) certifications and additional U.S. FDA 510(k) clearances for its advanced dental and medical product lines; strengthened its direct sales and maintenance networks in North America and Europe; and established strategic partnerships with digital dentistry software providers and medical original equipment manufacturer (OEM) partners to integrate AI-driven diagnostic workflows into its imaging platforms.