1. South Korea Stocks

  2. •

    Producer manufacturing

  3. •

    Industrial machinery
MODEL SOLUTION CO., LTD.

MODEL SOLUTION CO., LTD.

KKRX:417970
9,540.00
KRW
-440.00
(-4.41%)
1,385.46EPS
8.27P/E
73.31BMarket Cap
MODEL SOLUTION CO., LTD.
KRX:417970
(Korea Stock Exchange)

Recent

price

9,540.00

P/E

ratio

8.27

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
133,746.58
184,668.52
221,280.47
244,709.11
267,673.1
271,056.77
299,242.89
326,883
10,365.29
11,384.27
11,978.76
10,167.94
10,639.31
11,959.64
12,566.68
Revenue per Share
24,591
38,858.94
7,333
26,278.07
23,812.01
9,219.02
33,815.96
31,870.93
803
1,391
1,115
167
827
1,067.57
1,385.46
Basic EPS, GAAP
-37,566.74
12,495.94
-8,139.58
42,949.33
37,547.01
-31.04
28,034.09
43,457.82
1,367.04
1,468.05
-609.23
125.82
2,164.43
185.81
718.41
Free Cash Flow per Basic Share
2,759.53
15,757.36
68,226.73
21,095.34
39,592.34
19,628.66
5,329.21
10,778.05
642.98
642.66
- -
300.58
40.01
210
- -
Dividend per Share
3,288.56
4,152.66
2,341.88
2,666.76
2,177.12
1,860.85
2,688.18
3,249.14
3,427.87
4,163.6
9,551.74
9,617.77
10,444.1
11,302.24
11,571.66
Book Value per Share
3,240.23
3,936.81
2,042.69
2,366.26
1,963.83
1,742.39
2,611.36
3,178.59
3,329.21
4,068.73
9,460.39
9,492.91
10,296.96
11,066.11
11,340.84
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
5
5
6
6
6
6
6
Basic Weighted Avg Shares
22,737
31,448
41,525
45,918
50,227
50,865
56,151
61,339
55,609
61,106
67,404
64,915
68,034
76,502
80,422
Sales/Revenue/Turnover
17.81
16.72
4.46
14.31
13.4
8.08
15.31
14.84
12.15
14.61
11.7
0.46
6.15
10.55
10.53
Operating Margin (%)
1,527
2,387
2,951
3,181
3,165
2,729
2,596
2,820
2,558
2,333
3,522
4,085
4,317
4,650
4,545
Depreciation Expense
4,180
6,617
1,376
4,931
4,468
1,730
6,345
5,981
4,308
7,466
6,274
1,066
5,288
6,829
8,866
Net Income, GAAP
15.09
17.13
11.19
19.48
23.36
33.4
24.04
25.42
27.41
21.7
22.98
34.15
14.3
19
12.88
Effective Tax Rate (%)
18.39
21.04
3.31
10.74
8.9
3.4
11.3
9.75
7.75
12.22
9.31
1.64
7.77
8.93
11.02
Profit Margin (%)
1,808
1,924
3,807
7,408
4,874
1,925
9,672
2,097
4,395
18,452
46,828
36,853
41,760
47,078
52,783
Working Capital
6,443
308
12,103
12,083
12,133
11,800
11,400
- -
112
11,467
14,533
2,573
1,272
35
54
LT Debt
21,036
26,563
14,980
17,058
13,926
11,903
17,195
20,784
21,927
26,633
61,100
61,522
66,808
72,297
74,020
Total Equity
- -
13.41
5.52
18.2
18.16
10.73
23.87
21.4
14.53
18.88
10.32
0.26
4.53
7.77
9.49
Return on Invested Capital (%)
- -
21.81
7.42
20.41
19.14
8.83
25.14
20.32
13.49
20.99
11.33
1.6
7.16
8.66
11.63
Return on Capital (%)
- -
27.8
6.62
30.78
28.84
13.4
43.61
31.49
20.17
30.75
14.3
1.74
8.24
9.82
12.56
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,816
1,053
640
LT Borrowings
- -
- -
- -
LT Finance Leases
35
29
54
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
167,594
112,838
73,306

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
71,473
62,885
65,079
Cash, Cash Equivalents & STI
45,900
37,764
37,341
Accounts Receivable, Net
18,237
16,860
18,549
Inventories
5,901
5,529
6,631
Total Current Liabilities
24,395
12,825
12,296
Payables & Accruals
- -
- -
- -
ST Debt
12,816
1,053
640
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.63%
33.67%
8.22%
Free Cash Flow
-8,919.5%
254.42%
-91.41%
Net Income, GAAP
56.19%
79.89%
29.13%
Sales/Revenue/Turnover
5.47%
6.75%
12.45%
Total Cash Common Dividend
- -
- -
425%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,576
17,048
16,529
18,882
68,034
2025
16,413
18,419
20,516
21,154
76,502
2026
18,709
20,043
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
81
189
255
302.68
827
2025
94.52
164.78
480.03
328.24
1,067.57
2026
307.33
270
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
40.01
2025
- -
- -
- -
- -
210
2026
- -
- -
- -
- -
- -
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Business
Model Solution Co., Ltd. provides comprehensive product development, precision prototyping, rapid tooling, and contract manufacturing solutions for high-tech industries worldwide. Founded in 1993 and headquartered in Seoul, South Korea, the company operates as a subsidiary of Hankook & Company Group. Model Solution delivers turnkey hardware development services from initial design concept verification to full commercial production, catering to global clients across consumer electronics, telecommunications, medical and healthcare, automotive and mobility, aerospace, robotics, and industrial equipment sectors. The company operates through integrated business divisions encompassing Design and Engineering Support, Precision Prototyping, Tooling and Low-Volume Production, and Contract Manufacturing (OEM/ODM). Its core offerings comprise high-precision design and appearance models; functional working prototypes; precision computer numerical control (CNC) machining for engineering-grade plastics, aluminum, and exotic alloys; additive manufacturing and three-dimensional (3D) printing utilizing stereolithography, selective laser sintering, and direct metal laser sintering; sheet metal fabrication and rapid stamping; silicone tooling and polyurethane vacuum casting; quick-turn injection tooling and mold manufacturing; precision plastic injection molding; metal die-casting; specialized surface finishing, coating, painting, plating, and Color, Material, Finish (CMF) engineering; electro-mechanical sub-assembly and complete box-build integration; and proprietary smart devices, including industrial augmented reality (AR) smart glasses and wearable computing hardware. In recent developments, Model Solution has accelerated its strategic transition from a dedicated prototyping specialist into an integrated hardware original development manufacturer (ODM) and advanced tech product creator. The company has expanded its proprietary hardware portfolio through the commercial launch and iterative enhancement of industrial-grade augmented reality (AR) glasses and wearable field-assist devices designed for smart manufacturing, remote inspection, and logistics. Following its listing on the KOSDAQ exchange under ticker 417970, Model Solution has strengthened strategic partnerships with global tech enterprises and emerging hardware innovators to provide end-to-end commercialization pipelines for artificial intelligence (AI) robotics, healthcare diagnostics, and autonomous mobility components. Additionally, the company has scaled its smart manufacturing infrastructure and upgraded its dedicated CMF research facility in South Korea to expand global service delivery across North America, Europe, and the Asia-Pacific region.