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South Korea's only fixed-wing aircraft maker; builds fighter jets, trainers and helicopters for military and export.
South Korea's only fixed-wing aircraft maker; builds fighter jets, trainers and helicopters for military and export.
Sells aircraft to the Korean government under long development and production contracts, such as the KF-21 fighter developed with Indonesia, and sells FA-50 trainers and light fighters to foreign air forces, with each export contract bringing deliveries over several years. Boeing and Airbus parts are a smaller, steady business. The Korea Development Bank, a state lender, is the largest shareholder.
In one line: Korea's Lockheed Martin.
Moat: narrow (regulatory licence, scale, IP / patents). State-anchored sole domestic combat-aircraft maker with export backing from Korean government.
Headquarters: Sacheon, South Korea · Founded: 1999 · Employees: 5,241
Size Korea Aerospace (047810.KS) is a South Korea Industrials company (Aerospace & Defense) with a market value of $7.37B, the 54th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩102,600 on 6 Nov 2026.
Performance Over six months the shares fell 39.3%, against -14.3% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 44.1% over the last twelve months (peer median +15.2%); the operating margin is 5.7% (peer median 8.9%).
Valuation It trades at 45.4× forward earnings against a peer median of 35.0× (8th most expensive of 19).
Capital Return on invested capital runs 4.5 points above its cost of capital (6.1% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩4.79T | ₩3.70T | ₩3.63T | ₩3.82T | ₩2.79T |
| Revenue growth | — | +2% | -5% | +37% | — |
| Gross profit | n/a | ₩764B | ₩716B | ₩702B | ₩466B |
| EBITDA | n/a | ₩380B | ₩345B | ₩369B | ₩277B |
| Net income | ₩157B | ₩186B | ₩172B | ₩224B | ₩118B |
| Free cash flow | n/a | -₩1.03T | -₩889B | -₩778B | ₩1.42T |
| Capital expenditure | n/a | ₩190B | ₩247B | ₩176B | ₩230B |
| Total debt | n/a | ₩2.18T | ₩1.07T | ₩637B | ₩1.15T |
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 |
|---|---|---|---|---|---|---|
| Korea Aerospace 047810.KS | $7.37B | -39% | +44% | 6% | 45.4× | n/a |
| Lockheed Martin LMT | $131B | +12% | +8% | 12% | 17.6× | -6.9% |
| Saab SAAB-B.ST | $33.3B | +19% | +28% | 10% | 40.2× | 6.0% |
| Leonardo LDO.MI | $31.0B | -4% | +10% | 7% | 20.2× | 14.3% |
| Hindustan Aeronautics HAL.NS | $35.2B | +4% | +7% | 23% | 33.6× | 42.7% |
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 | 047810.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.8% | +2.8% | 6th lowest of 21 |
| 6-month return | -39.3% | -14.3% | 6th lowest of 21 |
| Distance from 52-week high | -52.2% | -32.4% | 8th lowest of 21 |
| Revenue growth (TTM) | +44.1% | +15.2% | 6th highest of 21 |
| Operating margin | 5.7% | 8.9% | 9th lowest of 21 |
| Forward P/E | 45.4× | 35.0× | 8th most expensive of 19 |
| ROIC minus cost of capital | +4.5 pp | -1.9 pp | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 45.4× | n/a | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 52.2× | 29.1% | +27.5% |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 11% | 13.4× | 15.3% | -12.8% |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 82.5× | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 36.4× | n/a | n/a |
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 5% | 48.1× | n/a | n/a |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 130.0× | n/a | n/a |
| BETA Technologies BETA | United States | $6.37B | +45% | +136% | -1,033% | n/a | n/a | n/a |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 29% | 26.4× | 20.1% | +32.1% |
| Hexcel HXL | United States | $6.09B | -16% | +8% | 11% | 29.6× | 23.0% | +4.5% |
| Karman KRMN | United States | $6.04B | -25% | +50% | 19% | 57.5× | n/a | n/a |
| Leonardo DRS DRS | United States | $9.08B | -18% | +9% | 11% | 23.1× | 4.6% | +5.6% |
| Joby Aviation JOBY | United States | $5.89B | -45% | +118,568% | -754% | n/a | n/a | n/a |
| AeroVironment AVAV | United States | $5.73B | -33% | +84% | 1% | 33.5× | n/a | n/a |
| AVIC Xi'an Aircraft Industry 000768.SZ | China | $9.92B | +1% | -34% | 3% | 55.7× | n/a | n/a |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 21% | 51.7× | n/a | n/a |
| Hensoldt HAG.DE | Germany | $10.0B | +2% | +15% | 10% | 41.3× | 12.2% | +15.3% |
| Moog MOG-A | United States | $10.3B | +3% | +16% | 12% | 27.8× | 15.1% | +6.0% |
| LIG Defense&Aerospace 079550.KS | South Korea | $5.24B | -65% | +26% | 8% | 20.0× | n/a | n/a |
| Amentum AMTM | United States | $5.20B | -13% | +11% | 4% | 8.4× | 1.7% | +23.3% |
| Jonhon Optronic Technology 002179.SZ | China | $10.7B | -7% | +6% | 11% | 30.4× | n/a | n/a |