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Korean petrochemical maker of synthetic rubber (for tires) and EPDM/resins, a former Kumho Asiana Group flagship.
Korean petrochemical maker of synthetic rubber (for tires) and EPDM/resins, a former Kumho Asiana Group flagship.
Sells synthetic rubber mainly to tire makers, so earnings track tire output and the gap between rubber prices and the cost of feedstocks such as butadiene, a petrochemical raw material. A large part of volume is exported.
Moat: narrow (scale). Large-scale synthetic rubber producer with global export reach.
Headquarters: Seoul, South Korea · Founded: 1970 · Employees: 1,606
Size KumhoPetrochem (011780.KS) is a South Korea Materials company (Chemicals: Specialty) with a market value of $1.50B, the 170th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩92,500 on 6 Nov 2026.
Performance Over six months the shares fell 36.9%, against -16.0% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +9.1%); the operating margin is 6.7% (peer median 8.8%).
Valuation It trades at 4.3× forward earnings against a peer median of 19.3× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -24 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (6.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩7.28T | ₩6.92T | ₩7.16T | ₩6.32T | ₩7.98T |
| Revenue growth | — | -3% | +13% | -21% | — |
| Gross profit | ₩827B | ₩590B | ₩573B | ₩636B | ₩1.42T |
| EBITDA | ₩808B | ₩588B | ₩547B | ₩611B | ₩1.39T |
| Net income | ₩505B | ₩291B | ₩349B | ₩447B | ₩1.02T |
| Free cash flow | ₩337B | ₩521B | -₩114B | ₩40.9B | ₩85.8B |
| Capital expenditure | ₩135B | ₩196B | ₩437B | ₩590B | ₩428B |
| Total debt | ₩864B | ₩1.01T | ₩945B | ₩883B | ₩797B |
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 |
|---|---|---|---|---|---|---|
| KumhoPetrochem 011780.KS | $1.50B | -37% | 0% | 7% | 4.3× | -16.5% |
| LOTTE CHEMICAL 011170.KS | $1.45B | -59% | +5% | -2% | n/a | n/a |
| Lgchem 051910.KS | $12.6B | -42% | 0% | 0% | n/a | n/a |
| Zeon 4205.T | $2.34B | +6% | +4% | 11% | 9.1× | -1.5% |
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 | 011780.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.2% | -14.8% | 4th lowest of 21 |
| 6-month return | -36.9% | -16.0% | 3rd lowest of 21 |
| Distance from 52-week high | -43.0% | -40.5% | 8th lowest of 21 |
| Revenue growth (TTM) | -0.5% | +9.1% | 6th lowest of 21 |
| Operating margin | 6.7% | 8.8% | 9th lowest of 21 |
| Forward P/E | 4.3× | 19.3× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -16.5% | 10.0% | least demanding of 13 |
| Growth delivered (Del g) | +7.5% | +3.6% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -24.1 pp | +7.5 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | -0.7 pp | -1.9 pp | 7th highest of 21 |
| EV / EBITDA | 2.4× | 8.5× | cheapest of 10 |
| Net debt / EBITDA | -0.1× | 1.7× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KumhoPetrochem 011780.KS | South Korea | $1.50B | -37% | 0% | 7% | 4.3× | -16.5% | +7.5% |
| Denka 4061.T | Japan | $1.51B | -33% | -3% | 9% | 12.7× | n/a | n/a |
| Befar 601678.SS | China | $1.51B | -14% | +19% | 5% | 21.8× | -6.4% | +18.2% |
| Osaka Soda 4046.T | Japan | $1.52B | -2% | +8% | 19% | 13.5× | 5.1% | +0.5% |
| Anhui Wanwei Updated High-Tech Material Industry 600063.SS | China | $1.49B | -32% | +3% | 4% | 20.0× | n/a | n/a |
| Stepan SCL | United States | $1.52B | +26% | +10% | 4% | 19.0× | 14.9% | +4.5% |
| Shaily Engineering Plastics SHAILY.NS | India | $1.48B | +14% | +18% | 24% | 56.7× | 35.8% | +22.8% |
| ADAMA 000553.SZ | China | $1.55B | -33% | -6% | 3% | 30.7× | -7.2% | +0.3% |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | n/a | n/a | n/a |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 16.9× | 16.9% | -4.8% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 28.1× | 46.2% | +15.2% |
| Guangdong Orient Zirconic Industry Science & Technology 002167.SZ | China | $1.44B | +5% | +17% | 14% | 48.5× | 32.4% | +10.1% |
| Proto Labs PRLB | United States | $1.57B | -5% | +12% | 8% | 27.4× | 26.8% | +4.2% |
| Genesis Energy, L.P GEL | United States | $1.57B | -21% | -17% | 19% | n/a | 2.2% | -2.2% |
| Anhui Guangxin Agrochemical 603599.SS | China | $1.43B | -29% | -13% | 18% | 13.1× | -3.8% | +0.6% |
| Guangdong Dowstone Technology 300409.SZ | China | $1.59B | -50% | +34% | 6% | 14.0× | n/a | n/a |
| Shenzhen Rongda Photosensitive & Technology 300576.SZ | China | $1.40B | -31% | +14% | 10% | n/a | n/a | n/a |
| Shandong Dawn Polymer 002838.SZ | China | $1.40B | -35% | +31% | 6% | 19.3× | n/a | n/a |
| Guangdong Guanghua Sci-Tech 002741.SZ | China | $1.40B | -9% | +61% | 4% | 58.4× | n/a | n/a |
| Tokuyama 4043.T | Japan | $1.63B | -11% | +7% | 9% | 5.8× | 1.1% | +2.9% |
| Chambal Fertilisers & Chemicals CHAMBLFERT.NS | India | $1.63B | -15% | +6% | 12% | 7.2× | n/a | n/a |