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Poongsan103140.KSCompetitor analysis, valuation and peers

South Korea · KRW·Industrials›Other Metals/Minerals

Korean maker of copper and non-ferrous metal products alongside ammunition and defense components, including bullets and brass casings.

Momentum weak 29
Mkt cap
$1.05B
US dollars, full cap
Free float
59%
of shares outstanding
$/day
$4.27M
20-day average traded
Fwd P/E
5.2×
forward earnings
ROIC−WACC
+7.5 pp
WACC 5.9%
Hurdle
n/a
no reverse DCF
Next earnings
96 days
10 Feb 2027
Close · KRW₩52,400
1D-4.9%
1W-8.9%
1M-22.9%
3M-25.7%
6M-47.2%
YTD-49.9%
1Y-55.5%
ATR %6.2%
52w lowhigh66.5% off high

What Poongsan does

Korean maker of copper and non-ferrous metal products alongside ammunition and defense components, including bullets and brass casings.

Runs two businesses on different clocks: copper products priced off copper's market price plus a processing charge, and ammunition sold under government and export contracts that arrive in large, multi-year lots. Poongsan Holdings, the group's controlling company, owns it.

Products and services

  • Copper/brass alloy products
  • Ammunition/defense components
  • Coin blanks

Customers

  • Electronics/construction (copper products)
  • Militaries (ammunition)

Where it sits in the supply chain

  • Industrials/defense
  • Copper alloy products and ammunition
  • Metals/defense supply chain

What could go right

  • Defense export demand (ammunition)
  • Copper-price-linked product margins

What could go wrong

  • Copper price volatility
  • Defense-budget/export-approval dependence

Moat: narrow (regulatory licence, scale). Licensed ammunition maker plus a leading domestic copper-alloy producer, a dual-scale advantage.

Headquarters: Seoul, South Korea · Founded: 1968 · Employees: 3,754

Named competitors

Poongsan at a glance

Size Poongsan (103140.KS) is a South Korea Industrials company (Other Metals/Minerals) with a market value of $1.05B, the 225th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩52,400 on 6 Nov 2026.

Performance Over six months the shares fell 47.2%, against -43.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 19.6% over the last twelve months (peer median +6.2%); the operating margin is 7.2% (peer median 6.1%).

Valuation It trades at 5.2× forward earnings against a peer median of 12.6× (4th cheapest of 14).

Capital Return on invested capital runs 7.5 points above its cost of capital (5.9% WACC).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 53103140.KS 52
Six months, rebased to 100: Poongsan against the median of its 20 peers (local-currency closes).

Poongsan financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩5.80T₩5.05T₩4.55T₩4.13T₩4.37T
Revenue growth—+11%+10%-6%—
Gross profitn/a₩591B₩630B₩455B₩483B
EBITDAn/a₩388B₩413B₩319B₩326B
Net income₩232B₩147B₩236B₩156B₩175B
Free cash flown/a-₩282B-₩123B₩587B₩47.6B
Capital expendituren/a₩190B₩196B₩138B₩117B
Total debtn/a₩1.08T₩834B₩703B₩1.00T

Quarterly statements and history in the cockpit →

Poongsan competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%0647600001203232802948704392600586100603700843700205600201500101700011203194000719700009K0131970437730229640078600051600103140.KS6-month return →1-month return →
Up and to the right = strong over both horizons. Poongsan is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×50×100×064760000120294870439260058610060370084370001120071970131970229640078600103140.KSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Poongsan is the large dot.

Poongsan competitors and peer comparison

Head to head with its named competitors (103140.KS vs 012450.KS vs OLN vs FCX)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Poongsan 103140.KS$1.05B-47%+20%7%5.2×n/a
Hanwha Aerospace 012450.KS$25.0B-53%+28%11%17.2×-7.0%
Olin OLN$1.97B-36%-1%0%n/a44.0%
Freeport-McMoRan FCX$85.3B-4%0%24%14.3×16.3%

How Poongsan compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Poongsan against its 20 peers (data as of 6 Nov 2026)
Measure103140.KSPeer medianRank in peer set
1-month return-22.9%-26.8%7th highest of 21
6-month return-47.2%-43.8%10th lowest of 21
Distance from 52-week high-66.5%-60.0%7th lowest of 21
Revenue growth (TTM)+19.6%+6.2%8th highest of 21
Operating margin7.2%6.1%10th highest of 21
Forward P/E5.2×12.6×4th cheapest of 14
ROIC minus cost of capital+7.5 pp-2.0 pp5th highest of 21

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Poongsan 103140.KSSouth Korea$1.05B-47%+20%7%5.2×n/an/a
Tokai Carbon Korea 064760.KSSouth Korea$1.10B-53%+23%28%15.0×8.8%+5.7%
Cj Logistics 000120.KSSouth Korea$1.01B-32%+5%4%7.8×-4.0%+2.6%
Taesung 323280.KSSouth Korea$999M-44%+67%3%n/an/an/a
IPARK Hyundai Development 294870.KSSouth Korea$1.12B+4%-13%11%4.2×n/an/a
DAEHAN SHIPBUILDING 439260.KSSouth Korea$955M-62%+14%26%4.4×n/an/a
SPG 058610.KSSouth Korea$1.20B-42%-7%5%104.8×40.9%-0.8%
LS Marine Solution 060370.KSSouth Korea$924M-35%+21%6%55.0×n/an/a
Eugene Technology 084370.KSSouth Korea$1.21B-43%+2%15%12.3×16.3%+11.6%
Asiana Airlines 020560.KSSouth Korea$1.21B+13%-17%-12%n/an/an/a
Lotte Energy Materials 020150.KSSouth Korea$1.21B-53%-12%-13%n/an/an/a
Taihan Fiberoptics 010170.KSSouth Korea$1.21B-30%+6%-10%n/an/an/a
Lx International 001120.KSSouth Korea$913M-35%+11%2%4.6×n/an/a
HUYNDAI MOVEX 319400.KSSouth Korea$1.24B-51%+2%3%n/an/an/a
HD-Hyundai Marine Engine 071970.KSSouth Korea$887M-66%+54%26%8.7×-9.8%+10.2%
Aimed Bio 0009K0.KSSouth Korea$875M-61%+223%36%n/a13.2%+652.2%
DOOSAN TESNA 131970.KSSouth Korea$861M-53%+3%11%36.9×17.8%+18.1%
Samhyun 437730.KSSouth Korea$860M-31%-18%-17%n/an/an/a
LS Eco Energy 229640.KSSouth Korea$848M-56%+31%7%21.7×5.4%+10.6%
Daejoo Electronic Materials 078600.KSSouth Korea$835M-53%+42%8%44.6×n/an/a
Kepco Kps 051600.KSSouth Korea$1.37B-34%+6%9%12.6×-6.1%+3.9%

Questions

Who are Poongsan's main competitors?
Named competitors: Hanwha Aerospace (012450.KS), Olin Corporation (OLN), Freeport-McMoRan (FCX). The cockpit's measured peer set (sector in the same market, nearest in size) also includes Tokai Carbon Korea (064760.KS), Cj Logistics (000120.KS), Taesung (323280.KS), IPARK Hyundai Development (294870.KS), DAEHAN SHIPBUILDING (439260.KS), SPG (058610.KS).
Is Poongsan expensive compared with its peers?
On forward p/e it trades at 5.2× against a peer median of 12.6×, 4th cheapest of 14 in its peer set.
How has Poongsan stock performed?
Over six months to 6 Nov 2026 the shares returned -47.2% against -43.8% for the median peer; over one year -55.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.