HYUNGKUK F&B Co. Ltd

HYUNGKUK F&B Co. Ltd

KKRX:189980
1,124.00
KRW
-30.00
(-2.60%)
172.41EPS
9.35P/E
63.58BMarket 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
1,425.13
1,313.43
1,174.27
1,278.62
1,357.12
1,531.31
1,365.58
1,856.96
2,513.4
2,613.74
2,661.28
2,571.66
2,470.04
Basic EPS, GAAP
248.8
218.8
95
74.6
78.63
151.04
110
164.48
308.6
221
133
201
169.48
Free Cash Flow per Basic Share
101.65
-243.56
-9.25
-47.65
-16.2
55.53
-23.26
359.75
-1,733.26
31.61
136.15
-93.64
-525.3
Dividend per Share
17.08
32.97
41.67
20
10
20
28.53
9.16
29.89
42.91
40.14
202.05
129.54
Book Value per Share
661.83
1,744.25
1,579.58
1,635.06
1,701.23
1,824.64
1,867.88
2,004.43
2,295.49
2,448.92
2,442.64
2,424
2,487.72
Tangible Book Value per Share
647.83
1,730.81
1,553.58
1,598.85
1,656.73
1,773.98
1,805.56
1,407.07
1,755.34
1,964.67
2,001.28
2,047.72
2,123.7
Basic Weighted Avg Shares
25
30
35
35
35
35
37
39
39
39
39
39
39
Sales/Revenue/Turnover
35,042
39,636
41,377
44,899
47,651
53,767
50,414
71,531
97,252
101,121
102,624
99,378
95,911
Operating Margin (%)
22.72
21.69
9.48
6.41
9
10.81
4.92
9.36
10.78
10.14
10.47
8.59
7.66
Depreciation Expense
1,992
2,291
3,283
3,821
3,869
4,348
4,715
6,366
7,419
7,570
7,072
7,024
7,153
Net Income, GAAP
6,118
6,603
3,347
2,620
2,761
5,303
4,061
6,336
11,941
8,550
5,129
7,767
6,581
Effective Tax Rate (%)
20.26
20.41
17.89
8.85
19.64
20.3
6.08
26.58
14.78
17.16
15
8.7
6.93
Profit Margin (%)
17.46
16.66
8.09
5.83
5.79
9.86
8.06
8.86
12.28
8.46
5
7.82
6.86
Working Capital
5,327
19,997
10,291
17,750
14,284
14,544
17,215
5,615
18,682
26,719
8,802
6,794
10,853
LT Debt
5,973
3,000
2,600
2,200
- -
705
879
1,564
76,695
77,656
57,344
64,609
84,224
Total Equity
24,469
64,025
55,462
57,410
59,733
64,067
68,817
81,408
92,926
98,960
97,122
100,057
102,642
Return on Invested Capital (%)
- -
12.64
4.74
4.02
4.72
5.71
2.7
4.66
5.54
4.24
4.49
3.71
3.11
Return on Capital (%)
- -
12.92
5.19
4.27
3.95
6.64
5.03
6.35
8.32
5.66
3.79
4.99
4.45
Return on Common Equity (%)
- -
14.95
5.6
4.64
4.71
8.57
6.12
8.68
14.38
9.32
5.42
8.1
6.82

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
51,143
48,473
48,292
LT Borrowings
63,758
64,020
83,732
LT Finance Leases
746
588
492
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
39
40
40
Market Capitalization
67,017
64,622
63,578

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
78,010
66,203
70,888
Cash, Cash Equivalents & STI
30,449
18,878
18,854
Accounts Receivable, Net
14,095
9,958
11,263
Inventories
26,824
31,470
34,578
Total Current Liabilities
66,520
59,409
60,035
Payables & Accruals
- -
- -
- -
ST Debt
51,143
48,473
48,292
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.9%
8.02%
3.02%
Free Cash Flow
-257.39%
-447.78%
-168.92%
Net Income, GAAP
13.05%
25.5%
51.45%
Sales/Revenue/Turnover
10.58%
16.03%
-3.16%
Total Cash Common Dividend
69.78%
120.48%
404.49%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22,507
29,393
25,628
25,096
102,624
2025
24,273
25,360
28,576
21,169
99,378
2026
20,806
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
19
53
66
-5.08
133
2025
34
68.1
46.96
51.74
201
2026
3.23
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
40.14
2025
- -
- -
30
100
202.05
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
161
Sector
Consumer non-durables
Industry
Beverages: non-alcoholic
Address
Seoul South Korea
IPO Date
Jul 27, 2015
Business
HYUNGKUK F&B Co. Ltd is a South Korea-based company primarily engaged in the development, original design manufacturing (ODM), original equipment manufacturing (OEM), and distribution of premium food and beverage products, specialty cafe ingredients, and functional health foods. Founded in 2000 and headquartered in Seoul, South Korea, the company operates advanced production and research facilities in Eumseong-gun, Chungcheongbuk-do, serving domestic and international clients across the hotel, restaurant, and cafe (HORECA) sectors, retail channels, and direct-to-consumer platforms. The company provides a comprehensive portfolio of food and beverage solutions, which includes: non-thermal fruit concentrates, smoothie bases, fruit purees, and fruit syrups produced using high-pressure processing (HPP) technology marketed under brands such as MOM's and MOM's Ade; cold brew coffee extracts, roasted coffee beans, capsule coffee, and ready-to-drink (RTD) coffee solutions under the SUGA brand; gelato bases, sorbet mixes, bakery ingredients, and dessert toppings; and functional prune beverages, dried fruit products, and digestive wellness drinks marketed under its subsidiary Taylor Farms, including the Deep Water line. In addition to supplying customized private-label formulations to leading coffee franchises and convenience retail chains, the company distributes directly to consumers through its proprietary Morning Mall e-commerce platform. In recent developments, HYUNGKUK F&B has accelerated its growth strategy by preparing an initial public offering (IPO) for its consolidated subsidiary Taylor Farms, expanding production capacities for ambient-temperature functional beverages, and scaling export operations across Japan, China, and Southeast Asia. Furthermore, under its corporate value enhancement roadmap, the company has expanded its target distribution footprint beyond traditional cafe franchises into broader foodservice sectors, developed new tiers of cost-optimized beverage bases, and initiated ventures into commercial smart beverage dispensing and preparation equipment.