Loading…
Korean maker of small stepping/precision motors used in home appliances and consumer electronics.
Korean maker of small stepping/precision motors used in home appliances and consumer electronics.
Moat: narrow (customer qualification). Niche motor supplier qualified into established appliance/electronics production lines.
Headquarters: South Korea
Size SPG (058610.KS) is a South Korea Industrials company (Electrical Products) with a market value of $1.20B, the 211th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩73,600 on 6 Nov 2026.
Performance Over six months the shares fell 42.3%, against -31.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue fell 7.3% over the last twelve months (peer median +15.1%); the operating margin is 5.5% (peer median 2.3%).
Valuation It trades at 104.8× forward earnings against a peer median of 21.2× (most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +42 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 3.4 points below its cost of capital (7.9% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩338B | ₩342B | ₩388B | ₩394B | ₩440B |
| Revenue growth | — | -12% | -1% | -11% | — |
| Gross profit | ₩62.9B | ₩63.3B | ₩61.8B | ₩61.0B | ₩74.3B |
| EBITDA | ₩26.2B | ₩25.4B | ₩19.8B | ₩22.5B | ₩33.7B |
| Net income | ₩9.51B | ₩9.13B | ₩13.1B | ₩11.0B | ₩19.7B |
| Free cash flow | ₩13.8B | ₩23.6B | ₩4.16B | ₩29.7B | ₩16.4B |
| Capital expenditure | ₩5.11B | ₩5.04B | ₩7.15B | ₩5.27B | ₩5.96B |
| Total debt | ₩74.1B | ₩67.1B | ₩73.2B | ₩72.5B | ₩85.2B |
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 |
|---|---|---|---|---|---|---|
| SPG 058610.KS | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
| Johnson Electric 0179.HK | $1.56B | -53% | 0% | 8% | 10.8× | -16.4% |
| Mabuchi Motor 6592.T | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% |
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 | 058610.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.3% | -16.1% | 4th lowest of 21 |
| 6-month return | -42.3% | -31.1% | 7th lowest of 20 |
| Distance from 52-week high | -55.6% | -56.3% | 11th highest of 21 |
| Revenue growth (TTM) | -7.3% | +15.1% | 4th lowest of 21 |
| Operating margin | 5.5% | 2.3% | 8th highest of 21 |
| Forward P/E | 104.8× | 21.2× | most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 40.9% | 18.0% | 2nd most demanding of 7 |
| Growth delivered (Del g) | -0.8% | +16.7% | lowest of 6 |
| Hurdle (Req g minus delivered) | +41.6 pp | -4.6 pp | most demanding of 6 |
| ROIC minus cost of capital | -3.4 pp | -4.1 pp | 10th highest of 21 |
| EV / EBITDA | 63.4× | 10.8× | most expensive of 5 |
| Net debt / EBITDA | 1.1× | 0.5× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% | -0.8% |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 19.5× | n/a | n/a |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | n/a | n/a | n/a |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | n/a | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | n/a | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | n/a | 21.6% | +14.2% |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 92.0× | n/a | n/a |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 10.1× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 40.7× | 55.1% | +16.7% |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 13.4× | 13.2% | +22.3% |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | n/a | n/a | n/a |
| Ningbo KBE Electrical Technology 300863.SZ | China | $1.27B | -20% | +21% | 4% | 23.0× | n/a | n/a |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |