Employees: 294
Size Duk San Neolux (213420.KS) is a South Korea Industrials company (Electrical Products) with a market value of $369M, the 419th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩20,400 on 6 Nov 2026.
Performance Over six months the shares fell 59.6%, against -22.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 73.9% over the last twelve months (peer median +2.2%); the operating margin is 19.2% (peer median -1.0%).
Valuation It trades at 6.0× forward earnings against a peer median of 10.9× (cheapest of 4).
Price implies For today's price to make sense, revenue must grow about -17% a year for seven years (Req g). Recent delivered growth is +19%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.0 points above its cost of capital (5.2% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩393B | ₩344B | ₩212B | ₩164B | ₩177B |
| Revenue growth | — | +62% | +30% | -7% | — |
| Gross profit | ₩147B | ₩135B | ₩104B | ₩76.4B | ₩81.7B |
| EBITDA | ₩95.4B | ₩76.3B | ₩62.5B | ₩41.7B | ₩52.8B |
| Net income | ₩71.3B | ₩53.2B | ₩45.8B | ₩35.8B | ₩38.9B |
| Free cash flow | ₩72.8B | ₩49.3B | ₩43.9B | ₩34.4B | ₩34.7B |
| Capital expenditure | ₩27.5B | ₩21.3B | ₩22.2B | ₩16.0B | ₩15.3B |
| Total debt | ₩136B | ₩134B | ₩22.8B | ₩23.0B | ₩19.7B |
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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 | 213420.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.5% | -14.6% | lowest of 21 |
| 6-month return | -59.6% | -22.8% | lowest of 21 |
| Distance from 52-week high | -64.4% | -43.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | +73.9% | +2.2% | highest of 21 |
| Operating margin | 19.2% | -1.0% | 3rd highest of 21 |
| Forward P/E | 6.0× | 10.9× | cheapest of 4 |
| Growth the price implies (Req g, 7 yrs) | -16.7% | 20.8% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +19.0% | +9.1% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -35.7 pp | +11.2 pp | least demanding of 12 |
| ROIC minus cost of capital | +6.0 pp | -6.9 pp | 3rd highest of 20 |
| EV / EBITDA | 5.1× | 5.8× | 2nd cheapest of 4 |
| Net debt / EBITDA | -0.3× | 1.1× | 3rd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Duk San Neolux 213420.KS | South Korea | $369M | -60% | +74% | 19% | 6.0× | -16.7% | +19.0% |
| Haoersai Technology 002963.SZ | China | $368M | -5% | -4% | -21% | n/a | n/a | n/a |
| Tianli Lithium Energy 301152.SZ | China | $367M | -40% | +24% | -4% | n/a | 34.3% | +12.1% |
| Moso Power Supply Technology 002660.SZ | China | $371M | -22% | -6% | -15% | n/a | 51.8% | -0.1% |
| Chang Lan Technology 002879.SZ | China | $371M | -23% | -1% | 9% | 33.1× | 2.2% | +9.1% |
| Mirai Industry 7931.T | Japan | $366M | +13% | +4% | 15% | 10.5× | -10.5% | +4.8% |
| Kempower Oy KEMPOWR.HE | Finland | $374M | -53% | +22% | -4% | n/a | n/a | n/a |
| Dongguan Chitwing Technology 002855.SZ | China | $375M | -18% | -9% | -20% | n/a | n/a | n/a |
| Jiangsu Luokai Mechanical & Electrical 603829.SS | China | $362M | -55% | 0% | 2% | n/a | 31.5% | +20.3% |
| grems,Inc 3150.T | Japan | $376M | -9% | +6% | 22% | 10.9× | -12.1% | +11.9% |
| Beijing Dynamic Power 600405.SS | China | $377M | -19% | -9% | -51% | n/a | n/a | n/a |
| Shenzhen V&T Technologies 300484.SZ | China | $378M | -26% | -8% | 5% | n/a | 38.4% | +3.9% |
| Hua Eng Wire & Cable 1608.TW | Taiwan | $378M | -11% | +8% | 9% | n/a | n/a | n/a |
| Changshu Guorui Technology 300600.SZ | China | $379M | -34% | +29% | -24% | n/a | -19.1% | -13.5% |
| Guangdong PAK Corp. Co 300625.SZ | China | $360M | -27% | -11% | -8% | n/a | n/a | n/a |
| Tecnon Electronics 300650.SZ | China | $360M | -38% | +15% | 2% | n/a | n/a | n/a |
| Liaoning Shidai Wanheng 600241.SS | China | $380M | -12% | +34% | -13% | n/a | n/a | n/a |
| Jiusheng Electric 301082.SZ | China | $381M | -30% | -21% | 5% | n/a | 18.5% | +14.3% |
| Jiangnan Yifan Motor 301023.SZ | China | $387M | -20% | -16% | 22% | n/a | 20.8% | +6.8% |
| Dasheng Times Cultural Investment 600892.SS | China | $388M | +21% | +68% | -26% | n/a | n/a | n/a |
| Shenzhen Tongye Technology 300960.SZ | China | $350M | -23% | +8% | 7% | n/a | 22.3% | +10.0% |