1. South Korea Stocks

  2. •

    Process industries

  3. •

    Chemicals: major diversified
Miwon Specialty Chemical Co. Ltd.

Miwon Specialty Chemical Co. Ltd.

KKRX:268280
126,600.00
KRW
-2,000.00
(-1.56%)
18,137.18EPS
5.82P/E
508.40BMarket Cap
Miwon Specialty Chemical Co. Ltd.
KRX:268280
(Korea Stock Exchange)

Recent

price

126,600.00

P/E

ratio

5.82

div

yld

0.79%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
40,232.91
69,453.71
72,188.85
72,636.66
105,712.2
122,020.06
88,406.7
104,192.55
109,909.17
116,821.82
Revenue per Share
3,321
6,932
7,559
6,769
15,897
12,932
3,758
11,164
12,662
18,137.18
Basic EPS, GAAP
3,061.2
-1,105.9
9,448.35
9,728.89
-2,619.03
-2,225.44
17,002.97
7,002.38
6,485.25
6,073.93
Free Cash Flow per Basic Share
- -
498.99
1,700.26
1,732.29
1,906.86
2,301.06
2,117.82
2,109.46
2,810.23
1,003.31
Dividend per Share
35,770.08
42,200.82
47,871.6
51,700.8
65,108.85
75,680.35
75,776.5
83,441.06
93,157.03
102,398.48
Book Value per Share
35,340.42
41,733.07
47,446.58
51,320.74
64,771.07
75,387.67
75,492.71
83,153.54
92,866.4
101,995.55
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
208,336
360,435
377,851
371,990
531,343
611,650
437,673
509,267
532,123
563,555
Sales/Revenue/Turnover
10.47
11.11
12.33
13.23
17.89
13.22
5.04
11.44
12.28
15.05
Operating Margin (%)
7,591
14,251
15,853
16,507
16,752
20,287
28,214
26,653
25,913
24,908
Depreciation Expense
17,197
35,974
39,565
34,666
79,903
64,824
18,605
54,567
61,303
87,495
Net Income, GAAP
15.8
19.48
19.63
24.3
24.26
23.64
31.13
24.18
15.28
18.1
Effective Tax Rate (%)
8.25
9.98
10.47
9.32
15.04
10.6
4.25
10.71
11.52
15.53
Profit Margin (%)
111,479
138,194
163,939
173,400
195,513
214,968
214,115
256,786
279,097
311,713
Working Capital
- -
12,000
10,616
8,264
- -
699
- -
- -
- -
- -
LT Debt
185,257
220,342
249,310
261,089
326,521
378,856
373,056
406,342
448,498
492,990
Total Equity
- -
15.03
14.69
13.51
21.96
15.44
3.71
10.28
11.69
13.76
Return on Invested Capital (%)
- -
17.2
15.95
12.89
25.48
17.07
4.9
13.27
13.6
18.06
Return on Capital (%)
- -
17.74
16.85
13.58
27.2
18.38
4.95
14
14.34
19.13
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
35,542
36,678
36,899
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
675,465
591,694
508,404

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
351,357
385,478
412,467
Cash, Cash Equivalents & STI
132,960
144,995
136,764
Accounts Receivable, Net
103,623
123,233
138,169
Inventories
103,076
104,092
123,369
Total Current Liabilities
72,260
103,463
100,754
Payables & Accruals
- -
- -
- -
ST Debt
35,542
36,678
36,899
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
11.77%
10.37%
Free Cash Flow
- -
-212.77%
-8.26%
Net Income, GAAP
- -
49.19%
12.34%
Sales/Revenue/Turnover
- -
10.07%
4.49%
Total Cash Common Dividend
- -
9.92%
31.96%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
124,460
129,807
128,577
126,424
509,267
2025
137,866
134,806
133,317
126,134
532,123
2026
141,274
162,829
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,830
3,090
2,479
2,794.7
11,164
2025
3,374
2,458
3,675.56
3,154.24
12,662
2026
4,466.16
6,849
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
699.94
- -
2,109.46
2025
- -
- -
1,001.14
- -
2,810.23
2026
- -
- -
- -
- -
- -
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Business
Miwon Specialty Chemical Co., Ltd. manufactures and supplies basic raw materials for UV/EB energy curing systems, including acrylate and methacrylate monomers, oligomers, photoinitiators, and related fine chemicals; its MIRAMER-branded products serve applications in wood coatings, metal, plastics, nail art, printing inks, adhesives, electronics, optical films, and CD/DVD/Blu-ray production. The company operates globally with manufacturing facilities in South Korea, including sites in Wanju, Chungju, and headquarters in Yongin-si, Gyeonggi-do; it maintains a presence in 13 locations across the USA, Germany, Austria, China, and India with over 500 employees. Founded in 1959 as a business unit of Miwon Commercial Co., Ltd. and spun off as an independent entity in 2009, Miwon Specialty Chemical targets industries such as coatings, adhesives, inks, and electronics. Recent developments include the 2022 launch of its first U.S. manufacturing facility in Richland County, South Carolina, followed by a major warehouse expansion announced in 2025 set to open in 2026 to enhance supply chain capabilities for American customers; the company also opened an application lab in Navi Mumbai, India in 2025 and introduced bio-based products such as MIRAMER BIO M283J, a sustainable alternative to traditional PEG200DMA for anaerobic adhesives and sealants, alongside a new Asia catalog featuring eco-friendly options.