Loading…
Maker of compact construction equipment such as skid-steer loaders and mini-excavators, owning the global Bobcat brand under Doosan Group.
Maker of compact construction equipment such as skid-steer loaders and mini-excavators, owning the global Bobcat brand under Doosan Group.
Sells machines through independent dealers, mostly in North America, who hold stock, with attachments, parts and service on top; rental fleets and contractors buy in waves, so replacement cycles matter. It is Korean-listed but nearly all of its business is outside Korea, and Doosan Group controls it.
In one line: The actual Bobcat brand, owned by a Korean parent.
Moat: narrow (brand, distribution, installed base). Bobcat is the category-defining brand in compact equipment with a deep North American dealer network.
Headquarters: Seoul, South Korea (US operating HQ in West Fargo, ND) · Employees: 153
Size Doosan Bobcat (241560.KS) is a South Korea Industrials company (Trucks/Construction/Farm Machinery) with a market value of $3.64B, the 91st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩51,700 on 6 Nov 2026.
Performance Over six months the shares fell 27.8%, against -12.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 11.4% over the last twelve months (peer median +10.5%); the operating margin is 8.6% (peer median 7.7%).
Valuation It trades at 9.0× forward earnings against a peer median of 14.1× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -29 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points above its cost of capital (6.2% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩9.53T | ₩8.79T | ₩8.55T | ₩9.77T | ₩8.62T |
| Revenue growth | — | +3% | -12% | +13% | — |
| Gross profit | n/a | ₩1.88T | ₩1.93T | ₩2.31T | ₩1.91T |
| EBITDA | n/a | ₩995B | ₩1.14T | ₩1.64T | ₩1.30T |
| Net income | ₩513B | ₩402B | ₩563B | ₩922B | ₩644B |
| Free cash flow | n/a | ₩929B | ₩453B | ₩1.12T | ₩542B |
| Capital expenditure | n/a | ₩343B | ₩368B | ₩263B | ₩242B |
| Total debt | n/a | ₩1.72T | ₩2.05T | ₩1.35T | ₩1.51T |
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 |
|---|---|---|---|---|---|---|
| Doosan Bobcat 241560.KS | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
| Deere & DE | $181B | +17% | +8% | 20% | 32.0× | 16.2% |
| Kubota 6326.T | $18.2B | 0% | +13% | 11% | 10.0× | 7.5% |
| CNH Industrial CNH | $14.3B | +5% | +1% | 13% | 21.1× | 7.4% |
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 | 241560.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | +0.6% | 7th lowest of 21 |
| 6-month return | -27.8% | -12.8% | 6th lowest of 21 |
| Distance from 52-week high | -34.8% | -27.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +11.4% | +10.5% | 10th highest of 21 |
| Operating margin | 8.6% | 7.7% | 10th highest of 21 |
| Forward P/E | 9.0× | 14.1× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -13.3% | 1.2% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +15.5% | +9.1% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | -28.8 pp | -8.5 pp | 3rd least demanding of 16 |
| ROIC minus cost of capital | +2.1 pp | +0.9 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Doosan Bobcat 241560.KS | South Korea | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% | +15.5% |
| Hiab HIAB.HE | Finland | $3.52B | -5% | +6% | 12% | 16.9× | 15.5% | -13.7% |
| Stadler Rail SRAIL.SW | Switzerland | $3.84B | +38% | +26% | 5% | 19.8× | 0.2% | +3.6% |
| Cochin Shipyard COCHINSHIP.NS | India | $3.40B | -33% | -1% | 13% | 34.3× | n/a | n/a |
| Bucher Industries BUCN.SW | Switzerland | $3.93B | +4% | -4% | 7% | 19.1× | -2.9% | +1.2% |
| Tiandi Science & Technology 600582.SS | China | $3.30B | -6% | -6% | 4% | 10.4× | n/a | n/a |
| China Railway Construction Heavy Industry 688425.SS | China | $3.29B | -13% | -1% | 12% | 12.4× | 1.9% | +5.7% |
| CSSC Offshore & Marine Engineering (Group) 0317.HK | Hong Kong | $4.04B | -22% | +10% | 1% | 9.6× | 1.5% | +11.3% |
| CITIC Heavy Industries 601608.SS | China | $3.15B | -24% | +5% | 4% | 45.9× | 14.5% | +5.1% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| Zhejiang Dingli Machinery 603338.SS | China | $4.57B | +9% | +29% | 22% | 14.8× | 1.6% | +23.7% |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |
| Seatrium 5E2.SI | Singapore | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% | +50.0% |
| Fincantieri FCT.MI | Italy | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% | +9.1% |
| Garden Reach Shipbuilders & Engineers GRSE.NS | India | $2.60B | -31% | +40% | 10% | 26.5× | n/a | n/a |
| Guangxi Liugong Machinery 000528.SZ | China | $2.58B | -13% | +10% | 6% | 10.5× | -3.5% | +5.0% |
| Kongsberg Maritime KMAR.OL | Norway | $5.43B | -1% | +6% | 13% | 21.8× | 0.9% | +6.3% |
| Cadeler A/S CADLR.OL | Norway | $2.41B | -14% | +53% | 36% | 9.4× | n/a | n/a |