MS Autotech Co., Ltd.

MS Autotech Co., Ltd.

KKRX:123040
1,729.00
KRW
-44.00
(-2.48%)
-1,157.09EPS
123.24BMarket 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
55,852.29
67,365.23
50,075.59
42,504.07
39,294.61
32,885.5
41,275.78
35,510.92
42,913.28
42,611.54
46,306.03
35,801.44
31,628.05
31,958.31
Basic EPS, GAAP
-1,628.79
-1,396.98
-262.34
1,280.84
-488
129
552
-2,698
-232
996
268
493
-1,973
-1,829.38
Free Cash Flow per Basic Share
-1,559.46
-7,095.23
-849.91
1,837.83
-481.4
1,689.86
-1,429.63
-813.74
-3,469.26
611.14
4,223.78
913.38
687.96
-298.09
Dividend per Share
50.25
45.91
99.17
78.48
97.47
62.3
43.95
73.86
48.87
- -
48.47
174.56
78.03
- -
Book Value per Share
1,923.65
2,088.29
2,418.32
4,047.57
3,254.27
3,038.53
4,858.51
1,375.01
3,201.22
4,223.48
4,617.78
5,801.85
3,330.92
3,418.8
Tangible Book Value per Share
1,874.57
2,067.42
2,397.45
4,036.28
3,247.71
2,985.22
4,814.8
1,224.15
3,070.93
4,097.49
4,568.7
5,740.62
3,259.35
3,347.56
Basic Weighted Avg Shares
12
12
17
18
18
27
31
34
35
44
45
50
55
55
Sales/Revenue/Turnover
676,720
803,780
864,032
747,894
704,192
891,950
1,274,417
1,216,548
1,521,786
1,857,606
2,081,764
1,777,519
1,740,552
1,758,345
Operating Margin (%)
6.36
2.7
5.45
5.5
3.38
3.07
5.24
2.21
3.37
7.67
8.4
5.42
1.81
1.19
Depreciation Expense
43,725
47,986
54,330
51,286
54,620
56,025
62,576
62,743
61,946
78,281
71,071
72,066
82,484
82,360
Net Income, GAAP
-19,735
-16,668
-4,527
22,537
-8,745
3,499
17,043
-92,429
-8,227
43,420
12,048
24,477
-108,578
-100,652
Effective Tax Rate (%)
- -
- -
82.68
18.36
- -
27.57
31.83
- -
49.89
32.01
33.02
26.89
- -
- -
Profit Margin (%)
-2.92
-2.07
-0.52
3.01
-1.24
0.39
1.34
-7.6
-0.54
2.34
0.58
1.38
-6.24
-5.72
Working Capital
-56,076
-134,675
-189,377
-196,028
-134,183
-156,589
-266,996
-211,150
-59,054
9,338
44,644
104,192
231,082
235,489
LT Debt
239,229
210,836
145,946
79,620
97,679
107,901
132,129
165,378
290,148
293,903
198,881
263,582
515,763
528,846
Total Equity
58,603
79,010
93,157
125,263
139,124
115,620
212,265
237,160
346,891
461,907
569,253
702,186
637,407
672,936
Return on Invested Capital (%)
- -
- -
1.6
6.62
- -
4.12
7.6
- -
2.93
8.82
9.7
5.35
- -
- -
Return on Capital (%)
- -
- -
-1.33
7.38
- -
3.53
3.38
- -
-2.16
-0.01
-3.04
-1.29
- -
- -
Return on Common Equity (%)
-68.42
-56.19
-11.65
39.58
-10.9
4.1
13.84
-87.38
-8.8
26.85
6.11
9.24
-43.22
-40.49

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
193,881
220,967
228,713
LT Borrowings
520,020
444,537
445,537
LT Finance Leases
- -
71,226
83,309
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
55
55
Market Capitalization
125,721
115,817
123,244

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
790,060
721,557
773,003
Cash, Cash Equivalents & STI
282,903
337,514
303,549
Accounts Receivable, Net
231,101
195,328
224,784
Inventories
130,986
118,471
142,594
Total Current Liabilities
528,409
490,475
537,515
Payables & Accruals
- -
- -
- -
ST Debt
193,881
220,967
228,713
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.08%
23.36%
-9.23%
Free Cash Flow
-57.19%
147.95%
-16.51%
Net Income, GAAP
-236.34%
-246.31%
-543.59%
Sales/Revenue/Turnover
8.83%
8.51%
-2.08%
Total Cash Common Dividend
- -
- -
-50.45%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
462,711
447,908
433,023
433,876
1,777,519
2025
402,332
441,803
467,535
428,881
1,740,552
2026
420,126
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
353
-676
47
255.9
493
2025
-231
-926.3
-296.37
-519.55
-1,973
2026
-87.16
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
32.3
174.56
2025
- -
- -
- -
- -
78.03
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
20
Sector
Consumer durables
Industry
Motor vehicles
Address
Gyeongju-si South Korea
IPO Date
Aug 6, 2010
Business
MS Autotech Co., Ltd. is a South Korea-based automotive components manufacturer primarily engaged in the development, engineering, and mass production of vehicle body structures, chassis components, and lightweight structural assemblies for internal combustion engine and electric vehicles. Founded in 1982 and headquartered in Gyeongju, South Korea, the company operates within the global automotive parts and mobility systems industry. The company's core product portfolio comprises automotive body-in-white (BIW) structures and assemblies, including floor complete panels, front and center pillar assemblies, side sill inner and outer panels, roof side rails, cowl cross members, dash panels, rear wheel house assemblies, and door reinforcement modules; hot stamping and ultra-high-strength steel components, including high-tensile bumper beams, side impact door beams, front longitudinal side members, and structural reinforcement brackets manufactured via hot press forming and tailor welded blank (TWB) processes; electric vehicle (EV) structural systems, including lightweight aluminum battery pack housings, battery module enclosures, protective lower trays, and motor mounting brackets; and specialized tooling and industrial equipment, including progressive stamping dies, transfer press tooling, automated laser welding fixtures, and robotic body assembly systems. The company supplies its components primarily to original equipment manufacturers (OEMs), serving tier-1 contracts for major automotive brands such as Hyundai Motor Company, Kia Corporation, and international electric vehicle manufacturers. Geographically, MS Autotech Co., Ltd. maintains manufacturing plants, technical centers, and sales networks across South Korea and operates international production subsidiaries and joint ventures in India, the United States, Brazil, and China, serving as a core member of the MS Group alongside affiliates such as Myoung Shin Co., Ltd. and Myoung Shin Industry Co., Ltd. In recent developments, the company has executed a strategic expansion into dedicated electric vehicle architectures, scaling up its automated hot stamping and roll-forming manufacturing capacity to support multi-year component supply agreements for next-generation global EV platforms. The company has introduced high-rigidity composite aluminum battery enclosure systems and modular crash-management body structures engineered for advanced passenger and commercial electric mobility platforms. Additionally, MS Autotech has implemented operational reorganizations across its international subsidiaries, optimizing production line automation in its Indian and North American operating units to improve supply chain localization, reduce component weight, and expand strategic tier-1 supply partnerships with multinational automotive manufacturers.