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Korean confectionery maker of Choco Pie and snacks, with major operations across China, Vietnam and Russia.
Korean confectionery maker of Choco Pie and snacks, with major operations across China, Vietnam and Russia.
Sells to supermarkets and wholesalers through local plants and distributors in each country, and most of its sales come from outside Korea. Sugar, flour, palm oil and cocoa prices are the main cost swings.
Moat: narrow (brand, distribution). Choco Pie is a dominant, decades-old brand with deep distribution across four countries.
Headquarters: Seoul, South Korea · Founded: 1956 · Employees: 1,623
Size Orion (271560.KS) is a South Korea Consumer Staples company (Food: Specialty/Candy) with a market value of $3.45B, the 94th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩118,400 on 6 Nov 2026.
Performance Over six months the shares fell 17.6%, against -1.5% for the median peer and -24.5% for the South Korea market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 11.2% over the last twelve months (peer median +6.5%); the operating margin is 16.9% (peer median 9.0%).
Valuation It trades at 9.9× forward earnings against a peer median of 18.1× (2nd cheapest of 20).
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 +8%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.0 points above its cost of capital (5.4% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩3.58T | ₩3.33T | ₩3.10T | ₩2.91T | ₩2.87T |
| Revenue growth | — | +7% | +7% | +1% | — |
| Gross profit | ₩1.28T | ₩1.19T | ₩1.17T | ₩1.10T | ₩961B |
| EBITDA | ₩775B | ₩723B | ₩703B | ₩650B | ₩628B |
| Net income | ₩419B | ₩383B | ₩525B | ₩377B | ₩392B |
| Free cash flow | ₩421B | ₩415B | ₩546B | ₩270B | ₩461B |
| Capital expenditure | ₩263B | ₩146B | ₩123B | ₩169B | ₩90.9B |
| Total debt | ₩150B | ₩35.5B | ₩39.9B | ₩28.6B | ₩118B |
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 |
|---|---|---|---|---|---|---|
| Orion 271560.KS | $3.45B | -18% | +11% | 17% | 9.9× | -17.1% |
| Nongshim 004370.KS | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% |
| Lotte Wellfood 280360.KS | $796M | +2% | +7% | 4% | 8.8× | 0.4% |
| Mondelez International MDLZ | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% |
| Want Want China 0151.HK | $4.43B | -32% | +6% | 18% | 9.7× | n/a |
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 | 271560.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.6% | +3.2% | 5th highest of 21 |
| 6-month return | -17.6% | -1.5% | 7th lowest of 21 |
| Distance from 52-week high | -21.1% | -17.1% | 10th lowest of 21 |
| Revenue growth (TTM) | +11.2% | +6.5% | 9th highest of 21 |
| Operating margin | 16.9% | 9.0% | 3rd highest of 21 |
| Forward P/E | 9.9× | 18.1× | 2nd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -17.1% | 5.0% | least demanding of 18 |
| Growth delivered (Del g) | +8.4% | +10.5% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | -25.5 pp | -6.8 pp | least demanding of 18 |
| ROIC minus cost of capital | +9.0 pp | +2.8 pp | 5th highest of 21 |
| EV / EBITDA | 4.6× | 11.0× | cheapest of 16 |
| Net debt / EBITDA | -1.6× | 0.8× | 2nd least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Orion 271560.KS | South Korea | $3.45B | -18% | +11% | 17% | 9.9× | -17.1% | +8.4% |
| Jinan Shengquan Group Share 605589.SS | China | $3.46B | -30% | +12% | 8% | 19.7× | n/a | n/a |
| Ashland ASH | United States | $3.51B | +39% | +2% | 7% | 18.0× | 12.3% | -2.5% |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Vita Coco COCO | United States | $3.56B | -13% | +26% | 20% | 30.2× | 8.4% | +14.4% |
| Post POST | United States | $3.65B | -19% | +6% | 10% | 11.8× | -2.1% | +7.4% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| Anjoy Foods 603345.SS | China | $3.82B | -20% | +19% | 12% | 17.3× | -4.3% | +18.4% |
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| Aak AAK.ST | Sweden | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% | +10.5% |
| Angel Yeast 600298.SS | China | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% | +13.4% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |