F&F Co., Ltd.

F&F Co., Ltd.

KKRX:383220
62,900.00
KRW
-1,600.00
(-2.48%)
14,021.22EPS
5.54P/E
2.89TMarket Cap
Nov 16Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5,692.84
47,380.49
51,869.47
50,002.52
51,493.16
53,577.64
Basic EPS, GAAP
1,180
11,571
11,144
9,504
10,611
13,947.24
Free Cash Flow per Basic Share
1,433.56
8,235.39
10,566.59
-2,639.85
8,750.88
12,751.95
Dividend per Share
- -
1,102.45
1,599.96
1,710.06
1,701.17
- -
Book Value per Share
14,145.74
24,158.74
33,833.85
41,565.48
50,122.73
54,907.16
Tangible Book Value per Share
13,701.89
20,675.09
29,175.25
35,879.86
45,058.99
49,864.05
Basic Weighted Avg Shares
191
38
38
38
38
38
Sales/Revenue/Turnover
1,089,172
1,808,895
1,978,496
1,896,010
1,933,996
2,010,029
Operating Margin (%)
29.63
29.02
27.88
23.87
24.23
24.92
Depreciation Expense
28,332
80,322
73,821
101,175
94,238
93,382
Net Income, GAAP
225,761
441,758
425,074
360,375
398,531
523,247
Effective Tax Rate (%)
28.17
26.86
23.41
25.42
26.05
25.55
Profit Margin (%)
20.73
24.42
21.48
19.01
20.61
26.03
Working Capital
-175,198
25,279
258,764
114,685
359,395
527,640
LT Debt
29,591
26,976
173,000
157,449
136,146
117,753
Total Equity
541,258
943,172
1,317,741
1,577,298
1,878,679
2,058,007
Return on Invested Capital (%)
- -
35.15
28.55
18.33
15.93
17.58
Return on Capital (%)
- -
44.49
31.21
21.26
19.3
25.57
Return on Common Equity (%)
- -
60.4
38.43
25.27
23.16
28.34

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
244,740
262,072
89,567
LT Borrowings
- -
- -
- -
LT Finance Leases
136,146
127,269
117,753
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
2,567,488
2,297,620
2,893,578

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
942,219
1,173,651
910,784
Cash, Cash Equivalents & STI
341,765
583,122
470,705
Accounts Receivable, Net
150,813
150,601
51,269
Inventories
403,163
385,593
343,493
Total Current Liabilities
582,824
678,080
383,144
Payables & Accruals
- -
- -
- -
ST Debt
244,740
262,072
89,567
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
19.11%
Free Cash Flow
- -
- -
-428.35%
Net Income, GAAP
- -
- -
10.59%
Sales/Revenue/Turnover
- -
- -
2%
Total Cash Common Dividend
- -
- -
-1.46%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
507,029
391,473
450,963
546,544
1,896,010
2025
505,616
378,871
474,257
575,252
1,933,996
2026
560,898
399,622
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,510
1,952
2,207
2,833.11
9,504
2025
2,209
1,672
2,612.49
4,118.67
10,611
2026
5,270.76
1,947
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1,710.06
2025
- -
- -
- -
- -
1,701.17
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chang-Soo Kim
Full Time Employees
646
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
8,Teheran-ro8-gil Seoul SL South Korea 06138
IPO Date
May 21, 2021
Website
fnf.co.kr
Business
F&F Co., Ltd. (KRX: 383220) manufactures and sells sewn wearing apparel, hats, shoes, bags, and accessories primarily in South Korea. The company offers products under the MLB, MLB KIDS, DISCOVERY, DISCOVERY KIDS, STRETCH ANGELS, BANILA CO, B. BY BANILA, COLLECTED, and JARDIN PERDU brands; its portfolio includes coats, shirts, jackets, sportswear, urban streetwear, premium fashion collections, and lifestyle items targeted at men, women, and children. Founded in 1972 and headquartered at F&F Building, 541 Eonju-ro, Gangnam-gu, Seoul, South Korea, F&F operates in the consumer discretionary sector, focusing on apparel manufacturing and distribution through retail stores and e-commerce channels. F&F Co., Ltd. became independent from F&F Holdings Co., Ltd. via spin-off and listing on the Korea Stock Exchange on May 21, 2021, with F&F Holdings maintaining a significant stake of approximately 33.43% as of recent transactions. In recent developments, F&F has pursued strategic investments in the golf sector, committing approximately 358 billion won ($258 million) in subordinated equity and mezzanine financing as the largest limited partner investor in a 2021 acquisition of TaylorMade Golf by a Centroid Investment Partners-managed fund; the company engaged Goldman Sachs in 2025 as a financial advisor to pursue full ownership of TaylorMade amid ongoing disputes over potential sales, reaffirming its acquisition intent. Additionally, F&F divested a 58.88% stake in Victory Contents Co., Ltd., a content production firm, to a consortium including db Private Equity and others for KRW 38.9 billion in September 2024, following prior investments in entertainment subsidiaries launched in 2023 for K-pop and drama production. The company has executed multiple equity buyback programs, including a KRW 10 billion repurchase plan authorized in November 2024 that expired in November 2025 with 169,393 shares repurchased, alongside extensions and tranches throughout 2024-2025 to enhance shareholder value.