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Korean holding/trading company best known for its large stake in Dongsuh Foods, maker of Maxim instant coffee.
Korean holding/trading company best known for its large stake in Dongsuh Foods, maker of Maxim instant coffee.
Its earnings are linked chiefly to its stake in the Dongsuh Foods joint venture, where Maxim's instant coffee is made and sold, rather than to its own manufacturing. Trading and food distribution are the other lines.
Moat: narrow (brand). Maxim is Korea's dominant instant-coffee brand, run via its Dongsuh Foods joint venture.
Headquarters: Seoul, South Korea · Founded: 1968 · Employees: 275
Size Dongsuh (026960.KS) is a South Korea Consumer Staples company (Food: Major Diversified) with a market value of $2.06B, the 136th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩28,400 on 6 Nov 2026.
Performance Over six months the shares gained 6.4%, against -6.0% for the median peer and -24.5% for the South Korea market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +5.1%); the operating margin is 7.9% (peer median 8.8%).
Valuation It trades at 3.8× enterprise value to sales against a peer median of 1.1× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +15 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 2.3 points below its cost of capital (5.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩538B | ₩533B | ₩489B | ₩490B | ₩556B |
| Revenue growth | — | +9% | 0% | -12% | — |
| Gross profit | ₩83.9B | ₩87.3B | ₩84.8B | ₩85.5B | ₩80.7B |
| EBITDA | ₩45.9B | ₩49.3B | ₩48.6B | ₩48.5B | ₩44.2B |
| Net income | ₩144B | ₩145B | ₩157B | ₩145B | ₩168B |
| Free cash flow | ₩127B | ₩103B | ₩112B | ₩113B | ₩81.5B |
| Capital expenditure | ₩1.96B | ₩2.14B | ₩1.26B | ₩3.03B | ₩3.03B |
| Total debt | ₩1.44B | ₩2.84B | ₩4.02B | ₩2.75B | ₩2.12B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Dongsuh 026960.KS | $2.06B | +6% | +6% | 8% | 3.8× | 16.2% |
| Nongshim 004370.KS | $1.74B | +8% | +5% | 6% | 0.3× | -16.1% |
| Otoki 007310.KS | $879M | -13% | +4% | 5% | 0.4× | -6.5% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 3.1× | 1.3% |
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 | 026960.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.4% | -1.0% | 6th highest of 21 |
| 6-month return | +6.4% | -6.0% | 7th highest of 21 |
| Distance from 52-week high | -7.0% | -22.6% | 4th highest of 21 |
| Revenue growth (TTM) | +6.3% | +5.1% | 8th highest of 21 |
| Operating margin | 7.9% | 8.8% | 10th lowest of 21 |
| EV / Sales | 3.8× | 1.1× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 16.2% | -2.7% | 3rd most demanding of 17 |
| Growth delivered (Del g) | +1.6% | +3.1% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | +14.6 pp | -3.4 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | -2.3 pp | +3.8 pp | 3rd lowest of 21 |
| EV / EBITDA | 44.6× | 8.1× | most expensive of 12 |
| Net debt / EBITDA | -16.8× | -0.3× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | 3.8× | 16.2% | +1.6% |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 1.8× | 6.8% | +3.6% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 0.7× | n/a | n/a |
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 0.8× | -4.1% | +190.8% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 0.5× | -3.7% | -3.7% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 2.0× | 2.9% | +24.1% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 0.6× | -14.8% | -1.9% |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 3.5× | 32.3% | +16.2% |
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 1.7× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 1.3× | -1.8% | +2.5% |
| Jiangsu Hengshun Vinegar-Industry 600305.SS | China | $1.15B | -7% | +6% | 6% | 3.0× | 17.3% | +2.6% |
| Shanghai Ziyan Foods 603057.SS | China | $1.09B | -37% | +7% | 6% | 2.1× | n/a | n/a |
| Simply Good Foods SMPL | United States | $1.05B | -2% | -7% | 13% | 1.0× | -12.3% | +6.2% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 1.2× | 0.6% | -0.7% |
| Bombay Burmah Trading BBTC.NS | India | $947M | -18% | +7% | 16% | 0.5× | -8.8% | +8.2% |
| AGT Food and Ingredients AGTF.TO | Canada | $922M | +12% | -19% | -2% | 0.5× | n/a | n/a |
| Hongmian Zhihui Science and Technology Innovation Co., Ltd. Guangzhou 000523.SZ | China | $798M | -16% | +4% | 2% | 2.6× | 12.1% | -8.5% |
| Vitasoy International 0345.HK | Hong Kong | $794M | -3% | -3% | 7% | 0.9× | -9.8% | -4.2% |
| Standard Foods 1227.TW | Taiwan | $751M | -5% | 0% | 4% | 0.8× | n/a | n/a |
| V V Food & Beverage 600300.SS | China | $717M | -18% | +6% | 11% | 1.0× | -9.2% | -6.8% |
| Hebei Yangyuan Zhihui Beverage 603156.SS | China | $6.06B | -15% | +12% | 28% | 5.8× | 9.9% | +3.9% |