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Korea's leading power-cable maker, producing HVDC and submarine cables for domestic and export grid projects.
Korea's leading power-cable maker, producing HVDC and submarine cables for domestic and export grid projects.
Wins cable contracts project by project, often years in length, with revenue booked as the cable is manufactured and laid, so the order backlog matters more than any quarter's sales. HVDC (high-voltage direct-current) and submarine lines are higher-value work than ordinary power cable.
Moat: narrow (customer qualification, scale, process know-how). Qualified HVDC/submarine cable maker, a capital-intensive niche with few global competitors.
Headquarters: Anyang, South Korea · Founded: 1955 · Employees: 1,382
Size Taihan Cable & Solution (001440.KS) is a South Korea Industrials company (Metal Fabrication) with a market value of $2.31B, the 122nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩16,880 on 6 Nov 2026.
Performance Over six months the shares fell 70.0%, against -7.3% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 21.6% over the last twelve months (peer median +16.6%); the operating margin is 4.7% (peer median 11.1%).
Valuation It trades at 99.2× forward earnings against a peer median of 23.1× (most expensive of 18).
Capital Return on invested capital runs 4.0 points below its cost of capital (9.7% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩4.15T | ₩3.64T | ₩3.29T | ₩2.84T | ₩2.45T |
| Revenue growth | — | +10% | +16% | +16% | — |
| Gross profit | ₩364B | ₩282B | ₩263B | ₩192B | ₩134B |
| EBITDA | ₩236B | ₩167B | ₩151B | ₩103B | ₩70.9B |
| Net income | -₩15.4B | ₩84.2B | ₩70.4B | ₩70.6B | ₩20.6B |
| Free cash flow | -₩571B | -₩326B | -₩122B | -₩95.3B | -₩59.9B |
| Capital expenditure | ₩159B | ₩161B | ₩130B | ₩130B | ₩15.2B |
| Total debt | ₩1.19T | ₩920B | ₩452B | ₩419B | ₩321B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Taihan Cable & Solution 001440.KS | $2.31B | -70% | +22% | 5% | 99.2× | n/a |
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
| Nexans NEX.PA | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% |
| Nkt A/s NKT.CO | $6.73B | -15% | +2% | 7% | 26.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 001440.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.4% | -8.2% | lowest of 20 |
| 6-month return | -70.0% | -7.3% | lowest of 19 |
| Distance from 52-week high | -77.8% | -44.8% | lowest of 20 |
| Revenue growth (TTM) | +21.6% | +16.6% | 8th highest of 21 |
| Operating margin | 4.7% | 11.1% | 5th lowest of 21 |
| Forward P/E | 99.2× | 23.1× | most expensive of 18 |
| ROIC minus cost of capital | -4.0 pp | -0.2 pp | 7th lowest of 21 |
| EV / EBITDA | 15.8× | 15.7× | 4th most expensive of 8 |
| Net debt / EBITDA | 2.4× | -0.2× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |
| Maruichi Steel Tube 5463.T | Japan | $2.32B | +5% | -2% | 14% | 11.9× | -2.7% | +8.6% |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% | +14.1% |
| Bossard BOSN.SW | Switzerland | $2.42B | +55% | +7% | 11% | 20.1× | 5.9% | +5.6% |
| Jyoti Cnc Automation JYOTICNC.NS | India | $2.45B | +32% | +18% | 21% | 53.8× | n/a | n/a |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 11.8× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 22.8× | 13.8% | +13.0% |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 13.4× | n/a | n/a |
| Tolerance Technology (Jiangsu) 301583.SZ | China | $2.82B | n/a | +18% | 15% | n/a | n/a | n/a |
| Avic Heavy Machinery 600765.SS | China | $2.84B | -23% | -13% | 4% | 23.1× | n/a | n/a |
| Beijer Alma BEIA-B.ST | Sweden | $1.86B | 0% | +6% | 15% | 20.7× | 9.9% | +12.8% |
| Baoding Technology 002552.SZ | China | $1.84B | +44% | +64% | 15% | n/a | 11.3% | +54.0% |
| SF Diamond 300179.SZ | China | $1.81B | -12% | +34% | 11% | 79.8× | 49.2% | +12.2% |
| Zetwerk Manufacturing Businesses ZETWERK.NS | India | $2.96B | n/a | +40% | 1% | n/a | n/a | n/a |
| Zhejiang XCC 603667.SS | China | $2.99B | -20% | -15% | 2% | 91.0× | 47.9% | +13.9% |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 40.5× | 42.7% | +21.2% |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 7.8× | n/a | n/a |
| Azad Engineering AZAD.NS | India | $1.66B | +8% | +29% | 28% | 91.6× | n/a | n/a |