Sewon Co., Ltd.

Sewon Co., Ltd.

KKRX:234100
2,350.00
KRW
-120.00
(-4.86%)
343.04EPS
14.06P/E
35.55BMarket Cap
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
14,222.53
12,836.72
2,189.08
12,203.29
16,311.67
13,506.07
13,681.2
22,439.27
15,459.4
18,706.42
17,310.77
17,266.6
Basic EPS, GAAP
818.61
803.46
-1.78
280.59
307.31
1,518.74
997.65
235
415
735
30
173.21
Free Cash Flow per Basic Share
-1,546.58
710.27
-111.93
-1,642.07
464.92
-875.64
-922.96
576.32
1,249.97
-142.34
545.07
420.24
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4,777.59
5,580.75
5,475.66
6,888.64
7,211.27
8,552.68
11,119.66
14,036.79
14,144.52
13,955.27
12,951.73
12,902.27
Tangible Book Value per Share
4,687.42
5,535.96
5,440.71
6,866.75
5,412.79
8,551.73
8,555.83
12,049.33
12,479.24
10,817.36
8,498.03
8,716.87
Basic Weighted Avg Shares
3
3
21
5
5
5
7
8
10
11
14
14
Sales/Revenue/Turnover
39,869
42,352
45,391
57,190
81,394
72,066
97,537
176,741
160,350
204,644
242,635
244,530
Operating Margin (%)
4.66
7.29
2.94
1.86
7.8
6.35
-1.93
4.89
4.59
0.58
1.38
1.3
Depreciation Expense
1,623
2,075
2,448
2,857
4,161
3,972
4,704
5,448
4,960
6,752
6,571
6,866
Net Income, GAAP
2,295
2,651
-37
1,315
1,533
8,104
7,113
1,851
4,305
8,041
420
2,453
Effective Tax Rate (%)
4.75
5.83
103.43
15.42
- -
17.46
0.85
28.98
24.05
27.93
33.4
46.1
Profit Margin (%)
5.76
6.26
-0.08
2.3
1.88
11.24
7.29
1.05
2.68
3.93
0.17
1
Working Capital
5,786
7,142
10,362
8,295
4,202
9,234
83,092
106,527
128,714
133,387
164,472
173,257
LT Debt
3,240
3,240
2,016
- -
790
631
11,710
279
89
1,560
1,067
1,102
Total Equity
15,769
18,420
22,333
34,620
44,286
50,442
143,107
207,274
237,374
329,803
382,742
385,484
Return on Invested Capital (%)
- -
11.72
-0.17
2.42
- -
6.12
-1.5
2.96
2.34
0.28
0.6
0.45
Return on Capital (%)
- -
11.42
-0.15
4.83
- -
12.73
6.22
0.7
-1.02
1.17
-0.34
0.13
Return on Common Equity (%)
- -
15.51
-0.18
4.62
4.33
18.7
10.61
1.7
2.98
4.78
0.23
1.31

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
10,847
12,133
7,323
LT Borrowings
- -
- -
- -
LT Finance Leases
1,067
1,066
1,102
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
15
Market Capitalization
74,459
71,477
35,555

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
215,962
224,983
230,224
Cash, Cash Equivalents & STI
130,504
127,608
133,362
Accounts Receivable, Net
33,292
36,986
35,604
Inventories
47,296
53,334
54,298
Total Current Liabilities
51,491
56,087
56,967
Payables & Accruals
- -
- -
- -
ST Debt
10,847
12,133
7,323
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
43.3%
59.61%
16.05%
Free Cash Flow
-119.82%
-129.04%
-590.64%
Net Income, GAAP
-326.21%
7.68%
-94.77%
Sales/Revenue/Turnover
22.37%
30.69%
18.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39,295
53,524
55,460
56,366
204,644
2025
55,007
59,951
63,366
64,310
242,635
2026
54,484
62,369
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
275
300
55
103.47
735
2025
60.39
85
117.15
-158.81
30
2026
137.35
76
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Yeong-Gwan Kim
Full Time Employees
256
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
Pyeongtaek-si South Korea
IPO Date
Dec 29, 2015
Business
Sewon Co., Ltd., operating as Polaris Sewon Co., Ltd., is a South Korea-based automotive parts manufacturer specializing in thermal management systems, heating, ventilation, and air conditioning (HVAC) components, and automotive filtration solutions. Founded in 1991 and headquartered in Pyeongtaek-si, South Korea, the company manufactures and distributes an extensive portfolio of precision-engineered automotive products. Its core offerings include thermal management and air conditioning hardware comprising header condensers, evaporators, radiator caps, and heater protectors; automotive filtration and intake systems encompassing oil filter modules, spin-on and eco-friendly oil filters, air intake systems, fuel filters, transmission filters, suction filters, and cabin air filters; and vehicle body and structural stampings including cowl cross members and dashboard panel assemblies. The company operates production facilities in South Korea and supplies tier-one automotive systems integrators and global original equipment manufacturers, including Hanon Systems, Denso Corporation, Robert Bosch GmbH, Gates Corporation, and Hyundai Wia, as well as emerging electric vehicle makers such as Lucid Motors. Through affiliated corporate holdings and subsidiaries, including Polaris Uno, Polaris AI, and Polaris AI Handy, the company also engages in synthetic fiber manufacturing and specialized software and artificial intelligence convergence services. In recent major corporate developments, the company rebranded to Polaris Sewon to unify operations under the Polaris Group led by Polaris Office Corp., executed a share consolidation to optimize its KOSDAQ-listed equity structure, expanded its thermal management product lines into next-generation electric and autonomous mobility architectures, and secured commercial contracts to supply proprietary header condensers to North American autonomous electric vehicle and robotaxi platforms.