SPIGEN KOREA CO.LTD.

SPIGEN KOREA CO.LTD.

KKRX:192440
27,700.00
KRW
-250.00
(-0.89%)
9,086.49EPS
3.24P/E
169.09BMarket 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
15,351.83
30,539.67
23,834.55
28,954.64
36,596.54
44,255.95
51,173.02
66,887.42
63,977.47
73,953.61
74,196.73
77,173.13
79,353.9
83,515.98
Basic EPS, GAAP
2,685
8,734
6,001
6,227
6,613
7,082
6,690
8,869
7,598
5,476
6,974
4,808
4,967
9,039.85
Free Cash Flow per Basic Share
2,363.04
6,397.85
6,413.96
4,125.42
295.96
5,169.54
4,398.58
11,059.32
6,243.91
-2,220.8
-8,013.8
-7,362.72
5,782.13
10,805.55
Dividend per Share
399.96
409.67
660.24
599.99
503.5
502.54
1,150.03
1,300
1,200.07
840.06
559.99
696.07
476.74
- -
Book Value per Share
6,200.77
20,735.63
25,621.85
31,271.52
36,555.99
43,334.32
48,833.6
55,728.63
65,811.45
70,159.37
77,532.27
85,756.48
91,522.54
99,202.88
Tangible Book Value per Share
6,103.82
20,623.1
25,483.85
30,980.99
36,297.41
42,815.15
45,873.62
52,748.49
63,772.17
68,762.92
75,696.58
84,384.55
90,081.48
97,972.22
Basic Weighted Avg Shares
4
5
6
6
6
6
6
6
6
6
6
6
6
6
Sales/Revenue/Turnover
66,481
142,028
148,111
179,260
224,994
266,866
308,557
403,319
385,751
445,896
447,399
465,294
463,698
482,368
Operating Margin (%)
23.51
33.89
29.85
24.29
21.48
18.42
14.27
19.75
11.56
11.66
7.9
4.67
7.14
9.69
Depreciation Expense
311
344
466
828
1,124
1,894
6,156
7,557
7,444
7,901
8,719
10,637
7,981
7,802
Net Income, GAAP
11,627
40,618
37,291
38,552
40,656
42,705
40,339
53,478
45,812
33,017
42,053
28,989
29,024
52,212
Effective Tax Rate (%)
28.66
19.75
21.59
15.93
9.67
22.42
24.11
27.14
8.28
21.51
20.99
19.98
15.73
12.55
Profit Margin (%)
17.49
28.6
25.18
21.51
18.07
16
13.07
13.26
11.88
7.4
9.4
6.23
6.26
10.82
Working Capital
29,334
114,328
139,068
128,238
136,016
162,611
150,104
168,824
206,911
202,659
189,241
221,909
248,068
306,004
LT Debt
943
730
- -
- -
- -
- -
10,447
6,814
3,494
1,319
2,028
744
5,733
5,729
Total Equity
38,546
128,900
158,624
193,600
221,373
261,299
294,609
337,508
398,300
424,890
469,593
518,075
530,317
574,763
Return on Invested Capital (%)
- -
42.33
22.38
19.59
19.71
14.82
11.22
16.87
10.38
9.51
6.1
3.48
5.27
7.51
Return on Capital (%)
- -
48.06
25.88
21.89
19.41
17.37
14.07
15.74
12.11
7.99
9.51
6.08
5.52
9.6
Return on Common Equity (%)
- -
48.52
25.94
21.89
19.59
17.7
14.52
16.96
12.5
8.05
9.44
5.89
5.55
9.73

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
702
779
777
LT Borrowings
- -
- -
- -
LT Finance Leases
5,733
5,841
5,729
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
127,472
134,120
169,095

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
280,603
302,301
340,007
Cash, Cash Equivalents & STI
155,656
190,129
224,552
Accounts Receivable, Net
15,677
12,782
16,124
Inventories
84,945
82,905
79,073
Total Current Liabilities
32,536
33,470
34,003
Payables & Accruals
- -
- -
- -
ST Debt
702
779
777
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.96%
9.58%
2.36%
Free Cash Flow
151.85%
-20.49%
-176.11%
Net Income, GAAP
-0.49%
-9.17%
0.12%
Sales/Revenue/Turnover
12.67%
3.05%
-0.34%
Total Cash Common Dividend
3.33%
-16.07%
-33.62%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
108,186
96,818
132,137
128,153
465,294
2025
108,950
95,898
129,974
128,876
463,698
2026
113,200
110,317
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,516
504
1,043
1,744.13
4,808
2025
1,390
-297
2,177.94
1,704.76
4,967
2026
2,529.16
2,625
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
696.07
2025
- -
- -
- -
- -
476.74
2026
- -
- -
- -
- -
- -

Company Description

CEO
Dae-Young Kim
Full Time Employees
403
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Seoul South Korea
IPO Date
Nov 5, 2014
Business
Spigen Korea Co., Ltd. is a South Korea-based company primarily engaged in the design, development, manufacture, and distribution of mobile device accessories, consumer electronics peripherals, and lifestyle products. The company offers a comprehensive portfolio across multiple commercial categories, comprising protective cases for smartphones, tablets, and laptops; tempered glass and film screen protectors; charging and power solutions, including wireless chargers, gallium nitride (GaN) power adapters, portable power banks, and high-speed data cables; wearable and audio accessories, including smartwatch bands, protective cases for wireless earbuds, and charging stands; automotive and mobility accessories, featuring dedicated electric vehicle screen protectors and center console organizers, magnetic device mounts, and vehicle power solutions; golf equipment and lifestyle accessories under the Legato Golf brand; entertainment and fandom intellectual property merchandise under the FESTIVER brand; and third-party logistics (3PL), fulfillment, and cross-border e-commerce supply chain solutions through its Chango Saver division. The company markets its core products under recognized proprietary brand lines, including Tough Armor, Rugged Armor, Ultra Hybrid, Liquid Air, Thin Fit, Glas.tR, EZ Fit, ArcField, and ArcStation. Founded in 2008, incorporated in 2009, and headquartered in Seoul, South Korea, Spigen Korea Co., Ltd. operates a global business model serving consumers, enterprise clients, and retail partners across more than 60 countries, with key geographic markets in North America, Europe, and Asia-Pacific. The company conducts international business through key regional subsidiaries, including United States-based Spigen Inc., and utilizes direct-to-consumer e-commerce channels, major global online marketplaces, and localized retail networks. In recent developments, Spigen Korea Co., Ltd. completed a strategic restructuring of its brand architecture by discontinuing independent operations for its subsidiary accessory brands, Caseology and Cyrill, consolidating their signature product designs into the unified Spigen brand portfolio. The company expanded its physical and operational infrastructure through a KRW 66 billion corporate real estate acquisition, followed by the execution of a KRW 7 billion share repurchase program to optimize capital structure. Furthermore, Spigen Korea Co., Ltd. has broadened its product line with accessories engineered for the latest generations of flagship mobile devices and electric vehicles, while integrating enterprise artificial intelligence systems into internal operational and administrative workflows.