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Holding company for Korea's Ecopro group, spanning EV battery cathode materials and environmental catalysts.
Holding company for Korea's Ecopro group, spanning EV battery cathode materials and environmental catalysts.
Is a holding company, and results are dominated by its listed subsidiary Ecopro BM, which sells cathode material to battery makers at prices that largely pass through the cost of lithium, nickel and cobalt, so revenue moves with metal prices while profit depends on volume and processing fees.
Moat: narrow (process know-how, customer qualification). Group scale and qualified cathode supply relationships with Korean battery makers.
Headquarters: Cheongju, South Korea · Founded: 1998 · Employees: 185
Size Ecopro (086520.KS) is a South Korea Materials company (Chemicals: Major Diversified) with a market value of $6.55B, the 62nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩66,200 on 6 Nov 2026.
Performance Over six months the shares fell 56.7%, against +7.1% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +4.8%); the operating margin is 8.6% (peer median 7.8%).
Valuation It trades at 31.5× forward earnings against a peer median of 15.0× (4th most expensive of 20).
Capital Return on invested capital runs 6.2 points below its cost of capital (8.4% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩3.31T | ₩3.41T | ₩3.13T | ₩7.26T | ₩5.64T |
| Revenue growth | — | +9% | -57% | +29% | — |
| Gross profit | ₩678B | ₩424B | -₩88.0B | ₩496B | ₩789B |
| EBITDA | n/a | ₩361B | -₩93.2B | ₩464B | ₩726B |
| Net income | ₩141B | -₩150B | -₩206B | ₩51.0B | ₩36.1B |
| Free cash flow | -₩637B | -₩540B | -₩1.17T | -₩1.07T | -₩1.22T |
| Capital expenditure | ₩660B | ₩812B | ₩1.59T | ₩1.08T | ₩678B |
| Total debt | ₩4.70T | ₩3.84T | ₩3.23T | ₩2.64T | ₩1.66T |
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 |
|---|---|---|---|---|---|---|
| Ecopro 086520.KS | $6.55B | -57% | +11% | 9% | 31.5× | n/a |
| Lgchem 051910.KS | $12.6B | -42% | 0% | 0% | n/a | n/a |
| L&F 066970.KS | $2.15B | -62% | +81% | 8% | n/a | n/a |
| Posco Future M 003670.KS | $10.6B | -36% | -9% | 2% | 282.1× | n/a |
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
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 | 086520.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.0% | -5.4% | 2nd lowest of 21 |
| 6-month return | -56.7% | +7.1% | lowest of 21 |
| Distance from 52-week high | -65.2% | -24.0% | 2nd lowest of 21 |
| Revenue growth (TTM) | +11.2% | +4.8% | 8th highest of 21 |
| Operating margin | 8.6% | 7.8% | 10th highest of 21 |
| Forward P/E | 31.5× | 15.0× | 4th most expensive of 20 |
| ROIC minus cost of capital | -6.2 pp | -1.6 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ecopro 086520.KS | South Korea | $6.55B | -57% | +11% | 9% | 31.5× | n/a | n/a |
| Element Solutions ESI | United States | $7.61B | -29% | +40% | 14% | 15.0× | 16.6% | +6.6% |
| Tokyo Ohka Kogyo 4186.T | Japan | $5.03B | -30% | +22% | 21% | 17.8× | 19.9% | +15.1% |
| Mitsubishi Chemical 4188.T | Japan | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% | +2.6% |
| Arkema AKE.PA | France | $4.96B | -9% | -6% | 5% | 13.7× | 12.5% | +2.8% |
| Kingfa Sci. & Tech 600143.SS | China | $4.96B | -28% | -1% | 3% | 24.6× | -1.2% | +13.3% |
| Perimeter Solutions PRM | United States | $4.83B | -7% | +24% | -51% | 18.3× | 36.6% | +14.0% |
| Solstice Advanced Materials SOLS | United States | $9.22B | -26% | +3% | 17% | 17.8× | 0.3% | +2.7% |
| Peric Special Gases 688146.SS | China | $9.58B | +102% | +75% | 19% | 67.1× | 50.8% | +13.1% |
| Wacker Chemie WCH.DE | Germany | $4.42B | -24% | -5% | -1% | 33.0× | n/a | n/a |
| Hubei Xingfa Chemicals 600141.SS | China | $4.19B | -27% | +4% | 8% | 15.3× | n/a | n/a |
| Sasol Limited Sponsored ADR SSL | United States | $10.3B | +14% | +18% | 22% | 4.8× | n/a | n/a |
| Avient AVNT | United States | $4.17B | +23% | +5% | 11% | 13.0× | 9.9% | +0.1% |
| Mitsui Chemicals 4183.T | Japan | $4.08B | -9% | -3% | 6% | 10.7× | 1.9% | +6.6% |
| Johnson Matthey JMAT.L | United Kingdom | $4.01B | +14% | +8% | 3% | 13.3× | 9.6% | -4.0% |
| Evonik Industries EVK.DE | Germany | $11.0B | +19% | +2% | 10% | 12.0× | -6.2% | +2.9% |
| Kuraray 3405.T | Japan | $3.52B | +14% | +3% | 7% | 15.0× | -0.2% | +8.3% |
| Grandit 688549.SS | China | $2.89B | +36% | +40% | -1% | n/a | n/a | n/a |
| CES Energy Solutions CEU.TO | Canada | $2.82B | +4% | +11% | 10% | 14.1× | 9.2% | +22.9% |
| Nippon Shokubai 4114.T | Japan | $2.27B | +11% | +4% | 6% | 16.2× | 4.1% | +7.9% |
| Hubei Sinophorus Electronic Materials 688545.SS | China | $2.24B | +11% | +75% | 11% | 68.3× | n/a | n/a |