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POSCO Group's IT-services arm, providing industrial automation, smart-factory solutions and system integration, plus a crypto-exchange stake.
POSCO Group's IT-services arm, providing industrial automation, smart-factory solutions and system integration, plus a crypto-exchange stake.
Much of the work is captive: it builds and maintains control systems and software for POSCO's steel plants and affiliates, paid on project and ongoing maintenance contracts, which gives a base independent of outside tenders. Smart-factory work for outside industrial clients is the growth leg. It is part of the POSCO Group.
Moat: narrow (installed base, process know-how). Deep integration with POSCO's steel-plant automation gives a captive, high-switching-cost base.
Headquarters: Pohang, South Korea · Founded: 1989 · Employees: 2,103
Size Posco Dx (022100.KS) is a South Korea Information Technology company (Information Technology Services) with a market value of $2.24B, the 127th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩20,050 on 6 Nov 2026.
Performance Over six months the shares fell 42.5%, against -10.2% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 14.9% over the last twelve months (peer median +9.5%); the operating margin is 2.9% (peer median 10.4%).
Valuation It trades at 69.6× forward earnings against a peer median of 28.0× (2nd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +33 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.1 points below its cost of capital (7.9% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩1.00T | ₩1.08T | ₩1.47T | ₩1.49T | ₩1.15T |
| Revenue growth | — | -27% | -1% | +29% | — |
| Gross profit | n/a | ₩127B | ₩185B | ₩186B | ₩131B |
| EBITDA | n/a | ₩76.2B | ₩126B | ₩119B | ₩75.6B |
| Net income | ₩30.4B | ₩52.1B | ₩88.0B | ₩91.9B | ₩45.6B |
| Free cash flow | n/a | ₩140B | ₩85.1B | ₩11.0B | -₩7.96B |
| Capital expenditure | n/a | ₩8.74B | ₩14.3B | ₩15.7B | ₩8.99B |
| Total debt | n/a | ₩2.30B | ₩3.82B | ₩2.42B | ₩2.54B |
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 Dx 022100.KS | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% |
| Samsung Sds 018260.KS | $12.4B | +31% | +2% | 5% | 24.9× | 13.0% |
| LG Cns 064400.KS | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% |
| SK 034730.KS | $17.9B | +5% | +15% | 7% | 2.2× | 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 | 022100.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | -0.4% | 9th lowest of 21 |
| 6-month return | -42.5% | -10.2% | lowest of 21 |
| Distance from 52-week high | -55.9% | -33.4% | 4th lowest of 21 |
| Revenue growth (TTM) | -14.9% | +9.5% | 2nd lowest of 21 |
| Operating margin | 2.9% | 10.4% | 4th lowest of 21 |
| Forward P/E | 69.6× | 28.0× | 2nd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 34.8% | 16.9% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +2.2% | +10.2% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +32.6 pp | +3.3 pp | 2nd most demanding of 14 |
| ROIC minus cost of capital | -4.1 pp | +5.7 pp | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Posco Dx 022100.KS | South Korea | $2.24B | -43% | -15% | 3% | 69.6× | 34.8% | +2.2% |
| Hand Enterprise Solutions 300170.SZ | China | $2.24B | -26% | +7% | 6% | 48.8× | 27.4% | +6.5% |
| Tieto TIETO.HE | Finland | $2.26B | -5% | -17% | 20% | 10.4× | -6.4% | -7.8% |
| Glodon 002410.SZ | China | $2.15B | -21% | -4% | 8% | 31.6× | 5.4% | +8.8% |
| HMS Networks HMS.ST | Sweden | $2.41B | -17% | +15% | 27% | 31.9× | 14.3% | +19.5% |
| Beijing Teamsun Technology 600410.SS | China | $2.09B | -42% | +19% | -9% | n/a | 26.0% | +3.6% |
| OVH Groupe OVH.PA | France | $2.41B | +17% | +6% | 38% | 46.6× | n/a | n/a |
| Beijing Ultrapower Software 300002.SZ | China | $2.43B | -14% | +9% | 15% | 20.4× | 4.2% | +10.2% |
| Netcompany Group A/S NETC.CO | Denmark | $2.44B | +1% | +30% | 11% | 20.4× | n/a | n/a |
| Globant GLOB | United States | $2.05B | +21% | -1% | 10% | 8.0× | -1.2% | +24.7% |
| PC Connection CNXN | United States | $2.00B | +19% | +10% | 4% | 16.6× | n/a | n/a |
| Tata Elxsi TATAELXSI.NS | India | $2.52B | -10% | +10% | 20% | 32.7× | 25.3% | +15.5% |
| Fastly FSLY | United States | $2.52B | -23% | +20% | -12% | 24.4× | 37.8% | +16.5% |
| Atea ATEA.OL | Norway | $1.99B | +6% | +12% | 4% | 16.4× | -5.0% | -1.1% |
| Hangzhou Turbine Power 300277.SZ | China | $2.57B | -37% | +1,784% | 3% | 33.2× | 36.4% | -10.7% |
| GMO Internet 9449.T | Japan | $1.94B | -4% | +6% | 21% | 13.4× | n/a | n/a |
| Kainos KNOS.L | United Kingdom | $1.92B | +57% | +17% | 11% | 23.2× | 21.7% | +12.9% |
| Shanghai AtHub 603881.SS | China | $2.66B | -33% | -5% | 16% | 101.4× | 16.9% | +13.6% |
| Computer Age Management Services CAMS.NS | India | $1.87B | -15% | +9% | 39% | 32.3× | n/a | n/a |
| Shanghai Sunmi Technology 6810.HK | Hong Kong | $2.70B | -10% | +10% | 7% | n/a | n/a | n/a |
| Runjian 002929.SZ | China | $2.71B | +6% | -11% | 0% | 49.7× | n/a | n/a |