Loading…
Makes nickel-rich cathode materials that go into lithium-ion batteries for electric vehicles.
Makes nickel-rich cathode materials that go into lithium-ion batteries for electric vehicles.
Sells cathode powder whose price is typically tied to the cost of nickel, cobalt and lithium, so revenue moves with metal prices as well as volume. It sells to Korean cell makers under long-term supply arrangements and has built plants beyond Korea, notably in Hungary. The Ecopro group's holding company, Ecopro Co., is its largest shareholder.
In one line: A pure-play EV battery-materials supplier.
Moat: narrow (customer qualification, process know-how). Qualified high-nickel cathode supplier tightly linked to Korean battery cell makers.
Headquarters: Cheongju, South Korea · Founded: 2016 · Employees: 1,192
Size Ecopro BM (247540.KS) is a South Korea Industrials company (Electrical Products) with a market value of $6.53B, the 63rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩83,100 on 6 Nov 2026.
Performance Over six months the shares fell 59.7%, against -13.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 3.9% over the last twelve months (peer median +31.2%); the operating margin is 5.7% (peer median 14.2%).
Valuation It trades at 965.8× forward earnings against a peer median of 22.2× (most expensive of 20).
Capital Return on invested capital runs 3.8 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 | ₩2.30T | ₩2.53T | ₩2.77T | ₩6.90T | ₩5.36T |
| Revenue growth | — | -9% | -60% | +29% | — |
| Gross profit | ₩322B | ₩265B | ₩89.6B | ₩289B | ₩513B |
| EBITDA | n/a | ₩214B | ₩75.5B | ₩249B | ₩439B |
| Net income | ₩38.4B | ₩39.4B | -₩96.5B | -₩8.73B | ₩232B |
| Free cash flow | -₩183B | -₩292B | -₩408B | -₩785B | -₩720B |
| Capital expenditure | ₩435B | ₩438B | ₩1.03T | ₩757B | ₩456B |
| Total debt | ₩2.90T | ₩2.45T | ₩1.94T | ₩1.83T | ₩948B |
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 BM 247540.KS | $6.53B | -60% | -4% | 6% | 965.8× | 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 | 247540.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -33.2% | -6.4% | 3rd lowest of 21 |
| 6-month return | -59.7% | -13.9% | lowest of 21 |
| Distance from 52-week high | -68.0% | -44.6% | 2nd lowest of 21 |
| Revenue growth (TTM) | -3.9% | +31.2% | 2nd lowest of 21 |
| Operating margin | 5.7% | 14.2% | 3rd lowest of 21 |
| Forward P/E | 965.8× | 22.2× | most expensive of 20 |
| ROIC minus cost of capital | -3.8 pp | +0.8 pp | 5th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ecopro BM 247540.KS | South Korea | $6.53B | -60% | -4% | 6% | 965.8× | n/a | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| Nexans NEX.PA | France | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% | +5.5% |
| Gates Industrial GTES | United States | $6.05B | -8% | +4% | 16% | 12.8× | 9.7% | +4.3% |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Zhuzhou CRRC Times Electric 688187.SS | China | $7.80B | -3% | +12% | 14% | 14.6× | n/a | n/a |
| Hongfa Technology 600885.SS | China | $7.81B | +8% | +34% | 14% | 22.9× | 9.0% | +17.2% |