MANIKER F&G CO., LTD

MANIKER F&G CO., LTD

KKRX:195500
1,927.00
KRW
-13.00
(-0.67%)
167.48EPS
9.69P/E
25.93BMarket Cap
Nov 18Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10,589.44
10,068.44
11,478.26
10,166.77
7,714.17
6,203.22
5,450.06
6,351.24
6,762.86
6,695.27
6,960.32
Basic EPS, GAAP
65.85
162.84
470.71
299.87
275.84
-13
-16
130
188
136
167.48
Free Cash Flow per Basic Share
607.86
415.24
-72.51
510.58
-695.67
248.2
-1,256.84
72.51
502.78
-452.77
74.73
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1,492.3
1,697.18
2,031.9
3,145.36
3,402.12
4,089.69
4,069.19
4,167.89
4,843.31
4,977.53
5,046.85
Tangible Book Value per Share
1,489.42
1,694.82
2,030.35
3,142.32
3,375.78
4,073.11
4,057.65
4,161.63
4,840.62
4,973.67
5,043.61
Basic Weighted Avg Shares
8
9
9
10
12
14
16
16
16
16
16
Sales/Revenue/Turnover
86,251
85,864
99,419
99,833
92,298
84,929
89,363
101,218
107,702
106,758
111,670
Operating Margin (%)
2.53
2.65
6.25
4.38
4.01
0.06
-1.93
2.08
3.57
2.33
2.73
Depreciation Expense
2,159
2,037
2,126
2,377
2,802
3,013
3,402
3,055
3,152
3,816
3,992
Net Income, GAAP
536
1,389
4,077
2,945
3,300
-178
-262
2,072
2,994
2,169
2,687
Effective Tax Rate (%)
46.59
14.79
23.3
24.52
0.35
- -
- -
12.53
16.99
13.48
12.44
Profit Margin (%)
0.62
1.62
4.1
2.95
3.58
-0.21
-0.29
2.05
2.78
2.03
2.41
Working Capital
-1,160
-2,097
4,842
14,069
22,560
41,583
23,333
25,413
22,193
24,915
26,703
LT Debt
6,708
3,250
6,197
3,648
18,175
15,325
424
482
394
473
724
Total Equity
17,274
19,646
23,520
36,684
41,170
64,486
64,814
66,386
77,386
79,531
80,639
Return on Invested Capital (%)
- -
5.72
13.55
8
6.22
- -
- -
2.01
3.23
2.04
2.51
Return on Capital (%)
- -
5.77
13.22
8.22
6.59
- -
- -
3.3
4.08
2.9
3.34
Return on Common Equity (%)
- -
7.52
18.89
9.78
8.48
-0.34
-0.41
3.16
4.16
2.76
3.39

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26,340
26,349
26,679
LT Borrowings
- -
- -
- -
LT Finance Leases
473
476
724
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
16
16
Market Capitalization
45,218
41,782
25,932

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
65,465
66,167
68,659
Cash, Cash Equivalents & STI
19,460
14,314
16,750
Accounts Receivable, Net
11,945
11,156
13,007
Inventories
24,110
23,914
22,347
Total Current Liabilities
40,551
40,254
41,956
Payables & Accruals
- -
- -
- -
ST Debt
26,340
26,349
26,679
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.78%
2.77%
Free Cash Flow
- -
-110.02%
-190.17%
Net Income, GAAP
- -
-186.15%
-27.57%
Sales/Revenue/Turnover
- -
3.21%
-0.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24,048
27,052
29,371
27,231
107,702
2025
25,443
28,124
29,459
23,732
106,758
2026
27,690
30,789
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
64
69
36
18.13
188
2025
-2
39
44.92
53.93
136
2026
13.41
55
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Jang-Ho Choi
Full Time Employees
273
Sector
Consumer non-durables
Industry
Food: meat/fish/dairy
Address
Yongin-si South Korea
IPO Date
Aug 20, 2019
Business
MANIKER F&G CO., LTD is a South Korea-based food manufacturing company primarily engaged in the production, processing, and distribution of value-added poultry products, processed meats, and home meal replacements (HMR). Founded in 2004 and headquartered in Yongin-si, Gyeonggi-do, South Korea, the company operates as the specialized processed food manufacturing affiliate of the Maniker Group and is affiliated with the Easy Holdings corporate network. The company manufactures and markets a comprehensive product portfolio structured across multiple categories, including shelf-stable and frozen ginseng chicken soups (Samgyetang); air fryer-optimized poultry products marketed under the proprietary Air Friends brand; frozen and chilled breaded and seasoned chicken lines, including the Basasak Chicken series, Honey Crunch series, chicken nuggets, tenders, popcorn chicken, and chicken cutlets; processed livestock products such as pork cutlets, hamburger patties, meatballs, sausages, and bacon; and convenient nutrient-focused ready meals under the Danbaek Hangi and Real Home Meal product lines. MANIKER F&G operates through dual commercial channels, providing branded packaged foods directly to consumers through retail hypermarkets, grocery chains, and online platforms, while maintaining an extensive business-to-business (B2B) operation that supplies food service franchises, institutional caterers, school meal programs, and convenience store networks. Geographically, the company operates modern HACCP-certified manufacturing facilities in South Korea and distributes its products domestically as well as to overseas export markets across North America, Europe, and Asia-Pacific, including the United States, Canada, Japan, and Southeast Asia. In recent strategic developments, MANIKER F&G commenced its inaugural commercial exports of heat-treated poultry products (Samgyetang) to the European Union in May 2024, establishing market entry through Germany before broadening distribution into France and the Netherlands following finalized bilateral sanitary agreements. To support this international market expansion and escalating domestic demand for convenience foods, the company completed the construction of a second manufacturing facility in November 2024, installing automated continuous frying and seasoning-coating processing lines to expand production capacity for premium value-added chicken products.