Loading…
Korean maker of power cables and transformers, part of Iljin Group, supplying electrical grid infrastructure.
Korean maker of power cables and transformers, part of Iljin Group, supplying electrical grid infrastructure.
Sells transformers and power cables mostly on project orders from utilities, builders and industrial buyers, booked well ahead of delivery. Part of Iljin Group, it makes heavy grid equipment where delivery capacity and customer qualification matter.
Moat: narrow (customer qualification). Established domestic grid-equipment supplier benefiting from the transformer/cable demand upcycle.
Headquarters: Seoul, South Korea · Founded: 1968 · Employees: 1,091
Size Iljin Electric (103590.KS) is a South Korea Industrials company (Electrical Products) with a market value of $1.52B, the 168th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩43,250 on 6 Nov 2026.
Performance Over six months the shares fell 64.7%, against -38.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 18 in its peer set.
Growth Revenue grew 23.9% over the last twelve months (peer median +20.8%); the operating margin is 9.1% (peer median 8.3%).
Valuation It trades at 11.2× forward earnings against a peer median of 21.3× (2nd cheapest of 16).
Capital Return on invested capital runs 14.1 points above its cost of capital (10.2% WACC).
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩2.21T | ₩2.04T | ₩1.58T | ₩1.25T | ₩1.16T |
| Revenue growth | — | +30% | +27% | +7% | — |
| Gross profit | ₩334B | ₩282B | ₩159B | ₩121B | ₩98.7B |
| EBITDA | ₩219B | ₩168B | ₩92.1B | ₩73.0B | ₩46.3B |
| Net income | ₩141B | ₩104B | ₩46.2B | ₩34.5B | ₩24.2B |
| Free cash flow | -₩29.9B | ₩55.7B | ₩44.3B | ₩33.8B | ₩43.9B |
| Capital expenditure | ₩23.0B | ₩27.1B | ₩70.6B | ₩24.0B | ₩25.2B |
| Total debt | ₩145B | ₩91.5B | ₩143B | ₩188B | ₩198B |
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 |
|---|---|---|---|---|---|---|
| Iljin Electric 103590.KS | $1.52B | -65% | +24% | 9% | 11.2× | n/a |
| Sanil Electric 062040.KS | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% |
| Taihan Cable & Solution 001440.KS | $2.31B | -70% | +22% | 5% | 99.2× | n/a |
| Hd Hyundai Electric 267260.KS | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% |
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 | 103590.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -50.9% | -15.8% | lowest of 21 |
| 6-month return | -64.7% | -38.9% | lowest of 18 |
| Distance from 52-week high | -70.8% | -58.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +23.9% | +20.8% | 11th highest of 21 |
| Operating margin | 9.1% | 8.3% | 8th highest of 21 |
| Forward P/E | 11.2× | 21.3× | 2nd cheapest of 16 |
| ROIC minus cost of capital | +14.1 pp | -6.0 pp | highest of 20 |
| EV / EBITDA | 9.2× | 14.6× | 2nd cheapest of 8 |
| Net debt / EBITDA | -0.2× | 1.1× | 3rd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Iljin Electric 103590.KS | South Korea | $1.52B | -65% | +24% | 9% | 11.2× | n/a | n/a |
| Shenzhen Hopewind Electric 603063.SS | China | $1.52B | -50% | -5% | 9% | 24.6× | 14.6% | +12.3% |
| Cswind 112610.KS | South Korea | $1.52B | -31% | -8% | 7% | 11.6× | -0.5% | +23.8% |
| Beijing Victory Electric 001393.SZ | China | $1.53B | n/a | +31% | 11% | n/a | n/a | n/a |
| Shandong Hi-tech Spring Material Technology 301292.SZ | China | $1.54B | -46% | +46% | 11% | 31.8× | n/a | n/a |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 29.5× | n/a | n/a |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | n/a | n/a | n/a |
| Hainan Drinda New Energy Technology 002865.SZ | China | $1.49B | -45% | -4% | -13% | n/a | 19.3% | +54.9% |
| Zhejiang Zhaolong Interconnect Technology Co. Limited 300913.SZ | China | $1.49B | -45% | +29% | 12% | 44.1× | n/a | n/a |
| Shenzhen SDG Information 000070.SZ | China | $1.55B | -33% | +27% | -1% | n/a | 28.4% | -1.3% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 15.4× | n/a | n/a |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 21.3× | 2.1% | +133.1% |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 55.4× | 46.5% | +3.3% |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 14.2× | 15.4% | +8.0% |
| Hangzhou Gold Electronic Equipment 301669.SZ | China | $1.56B | n/a | +37% | 9% | n/a | n/a | n/a |
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% | +13.9% |
| ERock EROC | United States | $1.56B | n/a | +43% | -19% | 35.8× | 12.5% | +42.5% |
| Yangtze Optical Electronic 688143.SS | China | $1.59B | +56% | +25% | 2% | 296.7× | n/a | n/a |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% | +22.8% |
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 11.4× | n/a | n/a |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 9.3× | n/a | n/a |