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LS Group affiliate that installs and services submarine power and telecom cables using its own cable-laying vessels.
LS Group affiliate that installs and services submarine power and telecom cables using its own cable-laying vessels.
Leans on sister company LS Cable & System, which makes and sells the cables, and charges for installing them with specialised vessels, so project backlog and ship availability matter more than product sales. Repair and maintenance work follows on the back of cables already laid in the sea.
Moat: narrow (installed base, process know-how). Owns specialized cable-laying vessels, a scarce and costly asset to replicate.
Headquarters: South Korea · Employees: 79
Size LS Marine Solution (060370.KS) is a South Korea Industrials company (Engineering & Construction) with a market value of $924M, the 243rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩24,650 on 6 Nov 2026.
Performance Over six months the shares fell 35.4%, against +1.7% for the median peer and -24.5% for the South Korea market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 21.1% over the last twelve months (peer median +8.9%); the operating margin is 5.7% (peer median 5.3%).
Valuation It trades at 55.0× forward earnings against a peer median of 14.4× (3rd most expensive of 17).
Capital Return on invested capital runs 6.0 points below its cost of capital (7.9% WACC).
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩278B | ₩244B | ₩130B | ₩70.8B | ₩42.8B |
| Revenue growth | — | +87% | +84% | +65% | — |
| Gross profit | n/a | ₩18.3B | ₩16.4B | ₩19.8B | -₩173M |
| EBITDA | n/a | ₩16.7B | ₩21.2B | ₩19.5B | ₩4.20B |
| Net income | ₩20.3B | ₩8.36B | ₩13.2B | ₩11.6B | -₩12.1B |
| Free cash flow | n/a | -₩56.6B | -₩15.2B | -₩36.6B | -₩7.58B |
| Capital expenditure | n/a | ₩76.5B | ₩8.77B | ₩54.0B | ₩9.28B |
| Total debt | n/a | ₩36.7B | ₩1.65B | ₩298M | ₩332M |
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 |
|---|---|---|---|---|---|---|
| LS Marine Solution 060370.KS | $924M | -35% | +21% | 6% | 55.0× | n/a |
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
| Nexans NEX.PA | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% |
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 | 060370.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.3% | -4.7% | 2nd lowest of 21 |
| 6-month return | -35.4% | +1.7% | 3rd lowest of 21 |
| Distance from 52-week high | -52.2% | -21.5% | 3rd lowest of 21 |
| Revenue growth (TTM) | +21.1% | +8.9% | 5th highest of 21 |
| Operating margin | 5.7% | 5.3% | 10th highest of 21 |
| Forward P/E | 55.0× | 14.4× | 3rd most expensive of 17 |
| ROIC minus cost of capital | -6.0 pp | -0.8 pp | 2nd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LS Marine Solution 060370.KS | South Korea | $924M | -35% | +21% | 6% | 55.0× | n/a | n/a |
| Sentia SNTIA.OL | Norway | $924M | +8% | +15% | 5% | 14.3× | -11.1% | +4.2% |
| Galliford Try GFRD.L | United Kingdom | $925M | +31% | +3% | 3% | 14.5× | -0.8% | +11.4% |
| Raito Kogyo 1926.T | Japan | $928M | -5% | +9% | 13% | 11.6× | -8.0% | +5.2% |
| Hubei Chutian Smart Communication 600035.SS | China | $918M | -1% | +34% | 9% | n/a | n/a | n/a |
| Shanghai Geoharbour Construction 605598.SS | China | $913M | -48% | +9% | -3% | 541.7× | n/a | n/a |
| YIT YIT.HE | Finland | $938M | +45% | +10% | 3% | 75.2× | 12.8% | -10.6% |
| KEC International KEC.NS | India | $939M | -46% | -2% | 5% | 13.3× | n/a | n/a |
| GRK Infra GRK.HE | Finland | $903M | +30% | -7% | 8% | 10.0× | -1.5% | +24.6% |
| I.CO.P ICOP.MI | Italy | $901M | -6% | +138% | 11% | 17.1× | n/a | n/a |
| Shenzhen Cheng Chung Design 002811.SZ | China | $949M | +48% | +28% | 13% | n/a | 9.1% | -6.2% |
| Taihei Dengyo Kaisha 1968.T | Japan | $899M | -22% | +19% | 11% | 11.2× | n/a | n/a |
| GR Engineering Services GNG.AX | Australia | $891M | +40% | +3% | 11% | 18.3× | 14.9% | +4.7% |
| Costain COST.L | United Kingdom | $890M | +30% | -6% | 5% | 16.5× | 0.1% | +1.3% |
| JSTI 300284.SZ | China | $963M | -25% | -4% | 1% | 39.1× | 10.5% | -5.4% |
| Ningbo Construction 601789.SS | China | $885M | -34% | +10% | 2% | n/a | n/a | n/a |
| Shenzhen Tagen 000090.SZ | China | $883M | -11% | +1% | 0% | 7.7× | 13.8% | +5.6% |
| RAIZNEXT 6379.T | Japan | $972M | +29% | +13% | 8% | 15.8× | -0.9% | +3.6% |
| Kanadevia 7004.T | Japan | $979M | -23% | +8% | 2% | 6.3× | n/a | n/a |
| Shanghai Urban Architecture Design 300983.SZ | China | $866M | +5% | -7% | -58% | n/a | n/a | n/a |
| Next Geosolutions Europe NXT.MI | Italy | $861M | +22% | +68% | 17% | 12.7× | n/a | n/a |