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Employees: 776
Size MiwonComcl (002840.KS) is a South Korea Materials company (Chemicals: Major Diversified) with a market value of $441M, the 365th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩137,500 on 6 Nov 2026.
Performance Over six months the shares fell 9.4%, against -18.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +6.7%); the operating margin is 10.7% (peer median 8.6%).
Valuation It trades at 1.2× enterprise value to sales against a peer median of 2.5× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (5.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩469B | ₩441B | ₩436B | ₩421B | ₩438B |
| Revenue growth | — | +1% | +3% | -4% | — |
| Gross profit | ₩83.1B | ₩65.9B | ₩99.1B | ₩101B | ₩107B |
| EBITDA | ₩91.0B | ₩84.3B | ₩93.1B | ₩97.8B | ₩104B |
| Net income | ₩52.8B | ₩43.5B | ₩50.5B | ₩61.0B | ₩72.2B |
| Free cash flow | ₩12.3B | ₩19.5B | ₩30.0B | ₩37.7B | ₩29.4B |
| Capital expenditure | ₩54.9B | ₩49.3B | ₩49.7B | ₩59.9B | ₩41.4B |
| Total debt | ₩1.34B | ₩182M | ₩147M | ₩549M | ₩614M |
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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 | 002840.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -11.4% | 3rd highest of 21 |
| 6-month return | -9.4% | -18.8% | 6th highest of 20 |
| Distance from 52-week high | -13.1% | -37.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +6.5% | +6.7% | 10th lowest of 21 |
| Operating margin | 10.7% | 8.6% | 8th highest of 21 |
| EV / Sales | 1.2× | 2.5× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -4.3% | 10.5% | 4th least demanding of 13 |
| Growth delivered (Del g) | +8.4% | +7.0% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -12.7 pp | +0.1 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +3.4 pp | +0.1 pp | 8th highest of 21 |
| EV / EBITDA | 6.5× | 13.6× | 5th cheapest of 13 |
| Net debt / EBITDA | -0.1× | 0.4× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MiwonComcl 002840.KS | South Korea | $441M | -9% | +7% | 11% | 1.2× | -4.3% | +8.4% |
| China Sunsine Chemical QES.SI | Singapore | $441M | -10% | +4% | 14% | 0.2× | n/a | n/a |
| Zhejiang Weihua New Material 603310.SS | China | $442M | -19% | +26% | 2% | 1.9× | n/a | n/a |
| Soken Chemical & Engineering 4972.T | Japan | $451M | +27% | +4% | 13% | 1.2× | -2.3% | +8.8% |
| Miwon Sc 268280.KS | South Korea | $468M | +8% | +7% | 15% | 0.9× | -15.8% | +7.4% |
| Foseco India FOSECOIND.NS | India | $475M | +20% | +32% | 18% | 5.4× | 29.0% | +20.7% |
| Shanghai Chemspec 688602.SS | China | $476M | -23% | -10% | -28% | 3.4× | n/a | n/a |
| Jiangsu Hanbon Science & Technology 688755.SS | China | $409M | -23% | +7% | 10% | 2.3× | 12.8% | +15.1% |
| Prasol Chemicals PRASOLCHEM.NS | India | $484M | n/a | +22% | 10% | 3.8× | 24.3% | +15.8% |
| Yingkou Fengguang Advanced Material 301100.SZ | China | $486M | -14% | -15% | -4% | 2.9× | n/a | n/a |
| Anhui Huaertai Chemical 001217.SZ | China | $489M | -18% | +13% | -3% | 1.6× | n/a | n/a |
| China Sanjiang Fine Chemicals 2198.HK | Hong Kong | $492M | -37% | +1% | 7% | 0.7× | n/a | n/a |
| China Steel Chemical 1723.TW | Taiwan | $496M | -9% | +8% | 12% | 2.6× | 4.1% | +1.6% |
| Jiangxi Selon Industrial 002748.SZ | China | $382M | -17% | +10% | 7% | 1.2× | -4.4% | +5.0% |
| Shandong Newleaf Chemical 002476.SZ | China | $382M | -29% | +15% | 4% | 3.1× | 29.0% | +6.3% |
| Shandong Rike Chemical 300214.SZ | China | $514M | -5% | -6% | 2% | 1.3× | 8.3% | +10.5% |
| ENF Technology 102710.KS | South Korea | $376M | -38% | +14% | 12% | 0.9× | -8.0% | +6.6% |
| Ingentec 4768.TWO | Taiwan | $370M | -52% | +98% | 0% | 7.9× | n/a | n/a |
| Jiangsu Kuangshun Photosensitivity New Material Stock 300537.SZ | China | $536M | -24% | +4% | 4% | 6.7× | 58.4% | -8.5% |
| San Fu Chemical 4755.TW | Taiwan | $358M | -21% | -11% | 10% | 2.6× | 12.8% | +4.8% |
| Archean Chemical Industries ACI.NS | India | $544M | -33% | +6% | 12% | 4.8× | n/a | n/a |