1. South Korea Stocks

  2. •

    Finance

  3. •

    Real estate development
REFINE Co., Ltd.

REFINE Co., Ltd.

KKRX:377450
14,250.00
KRW
+290.00
(+2.08%)
566.08EPS
15.78P/E
156.14BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
172,040.96
4,166.64
4,281.87
3,410.32
4,213.05
4,416.08
3,852.63
3,381.91
Basic EPS, GAAP
20,806.99
1,236
1,229.85
1,095
1,374
1,342
567
570.83
Free Cash Flow per Basic Share
36,391.87
911.78
1,120.58
-251.22
1,038.61
796.23
1,092.76
938.09
Dividend per Share
500
5
- -
- -
- -
- -
- -
- -
Book Value per Share
1,152.49
2,079.44
7,963.68
8,817.51
10,147.43
11,424.18
12,866.87
13,220.34
Tangible Book Value per Share
1,103.88
2,030.04
7,835.64
8,685.65
10,008.42
11,247.44
12,734.67
13,119.51
Basic Weighted Avg Shares
- -
13
14
16
16
15
16
17
Sales/Revenue/Turnover
44,731
54,164
58,774
55,078
66,484
67,848
61,572
58,132
Operating Margin (%)
11.67
37.36
35.74
32.57
33.92
30.14
30.76
31.8
Depreciation Expense
724
883
1,108
1,396
1,545
1,643
1,241
1,265
Net Income, GAAP
5,410
16,067
16,881
17,685
21,683
20,618
9,062
9,812
Effective Tax Rate (%)
21.97
22.26
20.59
9.88
22.73
18.35
34.76
35.31
Profit Margin (%)
12.09
29.66
28.72
32.11
32.61
30.39
14.72
16.88
Working Capital
14,200
26,756
127,401
109,759
125,652
129,272
178,789
189,089
LT Debt
429
429
184
178
84
113
69
50
Total Equity
19,973
36,037
134,865
139,412
158,639
170,438
222,983
229,109
Return on Invested Capital (%)
- -
49.77
18.64
11.57
11.4
9.95
6.18
5.31
Return on Capital (%)
- -
55.65
19.6
12.84
14.48
12.5
4.83
4.39
Return on Common Equity (%)
- -
57.37
19.76
12.9
14.55
12.53
4.61
4.66

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
88
89
84
LT Borrowings
- -
- -
- -
LT Finance Leases
69
66
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
213,679
196,349
156,143

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
189,881
195,582
198,746
Cash, Cash Equivalents & STI
183,148
185,980
191,251
Accounts Receivable, Net
5,440
7,543
5,243
Inventories
- -
- -
- -
Total Current Liabilities
11,092
14,878
9,657
Payables & Accruals
- -
- -
- -
ST Debt
88
89
84
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
65.93%
30.83%
Free Cash Flow
- -
-116.63%
42.76%
Net Income, GAAP
- -
-5.7%
-56.05%
Sales/Revenue/Turnover
- -
3.15%
-9.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,951
17,621
16,227
16,050
67,848
2025
15,572
17,012
15,233
13,756
61,572
2026
15,029
14,114
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
431
376
291
244.21
1,342
2025
284
373
368.98
-399.01
567
2026
329.28
279
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Chang-Sub Lee
Full Time Employees
249
Sector
Finance
Industry
Real estate development
Address
Seoul South Korea
IPO Date
Oct 29, 2021
Website
refine.co.kr
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
REFINE Co., Ltd. is a South Korea-based financial technology and property technology company that specializes in real estate rights inquiry, mortgage collateral risk management, and title verification solutions. The company provides an integrated suite of real estate data infrastructure and risk management services, including: leasehold deposit (Jeonse) loan rights investigation and tenant verification; residential and commercial mortgage collateral inspection; title insurance agency and risk underwriting assessment; robotic process automation (RPA) and API-based non-face-to-face loan verification platforms; and consumer-oriented rental fraud prevention and deposit protection applications. REFINE primarily serves commercial banks, internet-only banks, non-life insurance companies, and state-backed housing guarantee institutions throughout South Korea. Founded in 2000 and headquartered in Seoul, South Korea, the company is listed on the KOSDAQ market under ticker 377450. In recent developments, REFINE has accelerated the integration of artificial intelligence and big data analytics across its platform to fully automate digital mortgage processing and rights analysis. The company has also expanded strategic partnerships with major commercial and digital banks to embed its automated risk-assessment APIs into untact lending workflows, while launching enhanced rental safety and fraud-prevention platforms to address growing market demand for leasehold security.