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POSCO group's EV battery-materials maker producing cathode and anode materials, plus a legacy refractories/chemicals business.
POSCO group's EV battery-materials maker producing cathode and anode materials, plus a legacy refractories/chemicals business.
Sells cathode and anode materials to battery cell makers, so volumes follow their plant ramp-ups, and builds plants jointly with them abroad, including a Quebec cathode venture with General Motors called Ultium CAM. Parent POSCO Holdings supplies raw-material links.
In one line: Korea's Albemarle/Umicore — a battery cathode-materials producer..
Moat: narrow (process know-how, scale, customer qualification). Qualified cathode supplier to Korea's big-three battery makers, backed by POSCO group's upstream lithium/nickel supply.
Headquarters: Pohang, South Korea · Founded: 1994 · Employees: 2,979
Size Posco Future M (003670.KS) is a South Korea Industrials company (Electronic Equipment/Instruments) with a market value of $10.6B, the 42nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩161,800 on 6 Nov 2026.
Performance Over six months the shares fell 35.8%, against -12.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 14 in its peer set.
Growth Revenue fell 8.9% over the last twelve months (peer median +7.5%); the operating margin is 2.3% (peer median 15.4%).
Valuation It trades at 282.1× forward earnings against a peer median of 20.0× (most expensive of 14).
Capital Return on invested capital runs 7.3 points below its cost of capital (8.5% WACC).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩2.83T | ₩2.94T | ₩3.70T | ₩4.76T | ₩3.30T |
| Revenue growth | — | -21% | -22% | +44% | — |
| Gross profit | n/a | ₩242B | ₩225B | ₩249B | ₩329B |
| EBITDA | n/a | ₩223B | ₩185B | ₩173B | ₩258B |
| Net income | ₩24.5B | ₩4.19B | -₩213B | ₩28.7B | ₩118B |
| Free cash flow | n/a | -₩1.54T | -₩1.33T | -₩1.80T | -₩720B |
| Capital expenditure | n/a | ₩1.49T | ₩2.02T | ₩1.37T | ₩666B |
| Total debt | n/a | ₩4.55T | ₩4.26T | ₩2.99T | ₩1.48T |
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 |
|---|---|---|---|---|---|---|
| Posco Future M 003670.KS | $10.6B | -36% | -9% | 2% | 282.1× | n/a |
| L&F 066970.KS | $2.15B | -62% | +81% | 8% | n/a | n/a |
| Ecopro BM 247540.KS | $6.53B | -60% | -4% | 6% | 965.8× | n/a |
| Ningbo Ronbay New Energy Technology 688005.SS | $2.05B | -45% | +41% | 1% | 37.8× | n/a |
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
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 | 003670.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.5% | -7.9% | 4th lowest of 14 |
| 6-month return | -35.8% | -12.5% | lowest of 14 |
| Distance from 52-week high | -46.0% | -27.1% | lowest of 14 |
| Revenue growth (TTM) | -8.9% | +7.5% | 2nd lowest of 14 |
| Operating margin | 2.3% | 15.4% | lowest of 14 |
| Forward P/E | 282.1× | 20.0× | most expensive of 14 |
| ROIC minus cost of capital | -7.3 pp | +4.1 pp | lowest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Posco Future M 003670.KS | South Korea | $10.6B | -36% | -9% | 2% | 282.1× | n/a | n/a |
| Hitachi Energy India POWERINDIA.NS | India | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% | +19.0% |
| Ralliant RAL | United States | $7.49B | +43% | -4% | 15% | 19.2× | 20.5% | -0.3% |
| China Railway Signal & Communication 3969.HK | Hong Kong | $7.40B | -15% | +6% | 12% | 7.4× | -6.9% | -3.6% |
| ESCO Technologies ESE | United States | $7.14B | -24% | +17% | 16% | 25.8× | 25.5% | +8.4% |
| NXT NXT | United States | $15.8B | -17% | +14% | 19% | 20.9× | 22.0% | +24.4% |
| MSA Safety MSA | United States | $6.55B | 0% | +8% | 22% | 17.5× | 8.3% | +6.8% |
| APAR Industries APARINDS.NS | India | $6.25B | +10% | +23% | 9% | 34.6× | n/a | n/a |
| Yokogawa Electric 6841.T | Japan | $6.24B | -30% | +7% | 13% | 15.5× | 6.8% | +10.1% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |
| Sensata Technologies ST | United States | $5.72B | -13% | +4% | 16% | 9.9× | 5.2% | +4.1% |
| Azbil 6845.T | Japan | $4.63B | -2% | +1% | 15% | 18.7× | 5.5% | +3.9% |
| Honeywell Automation India HONAUT.NS | India | $2.81B | -2% | +5% | 13% | 39.5× | 32.9% | +9.2% |
| Standex International SXI | United States | $2.76B | -13% | +8% | 18% | 20.9× | 15.2% | +6.3% |