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Korean maker of silicon-carbide and graphite parts, such as etch-chamber focus rings, for chipmaking; Tokai Carbon is largest shareholder.
Korean maker of silicon-carbide and graphite parts, such as etch-chamber focus rings, for chipmaking; Tokai Carbon is largest shareholder.
Makes consumable parts that sit inside chip-etching machines and wear out, so chipmakers reorder them as wafer volumes run; the silicon-carbide ring is the main product. It uses its own graphite as the base for silicon-carbide deposition. Founded as a joint venture, with Japan's Tokai Carbon now its largest shareholder.
Moat: narrow (process know-how, customer qualification). Integrated high-purity graphite and CVD-SiC production, qualified by chipmakers; hard to substitute in etch chambers.
Headquarters: Anseong, South Korea · Founded: 1996 · Employees: 471
Size Tokai Carbon Korea (064760.KS) is a South Korea Industrials company (Electrical Products) with a market value of $1.10B, the 221st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩137,400 on 6 Nov 2026.
Performance Over six months the shares fell 53.3%, against -28.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 22.6% over the last twelve months (peer median +18.4%); the operating margin is 28.0% (peer median 3.8%).
Valuation It trades at 15.0× forward earnings against a peer median of 27.0× (2nd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +3 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 5.3 points above its cost of capital (9.4% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩371B | ₩301B | ₩276B | ₩227B | ₩320B |
| Revenue growth | — | +9% | +22% | -29% | — |
| Gross profit | n/a | ₩108B | ₩102B | ₩90.0B | ₩149B |
| EBITDA | n/a | ₩97.9B | ₩95.8B | ₩81.8B | ₩141B |
| Net income | ₩89.0B | ₩69.9B | ₩72.0B | ₩61.2B | ₩94.1B |
| Free cash flow | n/a | ₩66.1B | ₩80.9B | -₩6.61B | ₩68.5B |
| Capital expenditure | n/a | ₩4.58B | ₩8.00B | ₩47.9B | ₩35.7B |
| Total debt | n/a | ₩939M | ₩649M | ₩700M | ₩419M |
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 |
|---|---|---|---|---|---|---|
| Tokai Carbon Korea 064760.KS | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% |
| Hana Materials 166090.KS | $521M | -51% | +31% | 24% | 11.0× | -2.6% |
| WONIK QnC 074600.KS | $395M | -46% | +11% | 8% | 11.1× | 6.6% |
| Ferrotec 6890.T | $2.08B | -19% | +43% | 12% | 8.3× | 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 | 064760.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -51.8% | -7.2% | lowest of 21 |
| 6-month return | -53.3% | -28.6% | 2nd lowest of 21 |
| Distance from 52-week high | -60.6% | -49.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | +22.6% | +18.4% | 9th highest of 21 |
| Operating margin | 28.0% | 3.8% | highest of 21 |
| Forward P/E | 15.0× | 27.0× | 2nd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 8.8% | 25.7% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +5.7% | +15.8% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | +3.1 pp | +10.4 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +5.3 pp | -2.9 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% | +5.7% |
| Windey Energy Technology 300772.SZ | China | $1.09B | -42% | +23% | -2% | n/a | n/a | n/a |
| Shanghai QiFan Cable 605222.SS | China | $1.11B | -51% | +12% | 2% | 16.4× | n/a | n/a |
| Shanghai Cooltech Power 300153.SZ | China | $1.11B | -27% | +84% | 5% | 29.0× | 37.0% | +20.3% |
| Baosheng Science & Technology Innovation 600973.SS | China | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% | +6.9% |
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |
| Dynapack International Technology 3211.TWO | Taiwan | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% | -7.3% |
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Xiangtan Electrochemical Scientific 002125.SZ | China | $1.08B | -25% | +1% | 9% | n/a | 19.4% | +9.2% |
| Shenzhen Highpower Technology 001283.SZ | China | $1.07B | 0% | +18% | 5% | 23.8× | n/a | n/a |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Ongoal Technology 301662.SZ | China | $1.06B | -51% | -3% | 3% | 43.9× | 51.7% | n/a |
| Voltamp Transformers VOLTAMP.NS | India | $1.04B | +1% | +18% | 15% | 28.6× | 35.4% | +25.5% |
| Hunan Valin Wire & Cable 001208.SZ | China | $1.04B | -36% | +20% | 2% | 25.5× | 32.0% | +21.6% |
| Zhejiang Yankon 600261.SS | China | $1.03B | +52% | -2% | 4% | n/a | 10.2% | -11.1% |
| Guangzhou Zhiguang Electric 002169.SZ | China | $1.02B | -34% | +28% | 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% |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |