Loading…
Part of EcoPro Group, makes precursor materials (pCAM) for EV-battery cathodes, supplying sister company EcoPro BM.
Part of EcoPro Group, makes precursor materials (pCAM) for EV-battery cathodes, supplying sister company EcoPro BM.
Sells nickel-based precursors, the metal-hydroxide intermediate that cathode makers convert into battery cathodes, almost entirely to its sister company EcoPro BM, so its volumes follow that company's cathode output and, behind it, battery makers' orders. Nickel and cobalt metal prices pass through its pricing.
Moat: narrow (process know-how, customer qualification). Captive precursor supplier tightly integrated with EcoPro BM's cathode plants.
Headquarters: Pohang, South Korea · Founded: 2019 · Employees: 639
Size Ecopro Mat (450080.KS) is a South Korea Industrials company (Chemicals: Specialty) with a market value of $1.38B, the 183rd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩26,450 on 6 Nov 2026.
Performance Over six months the shares fell 67.1%, against -42.9% for the median peer and -24.5% for the South Korea market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 42.3% over the last twelve months (peer median +4.4%); the operating margin is -3.2% (peer median 8.1%).
Valuation It trades at 6.0× enterprise value to sales against a peer median of 1.1× (3rd most expensive of 21).
Capital Return on invested capital runs 7.0 points below its cost of capital (6.5% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩524B | ₩393B | ₩300B | ₩953B | ₩665B |
| Revenue growth | — | +31% | -69% | +43% | — |
| Gross profit | ₩83.5B | -₩29.9B | -₩32.2B | ₩34.6B | ₩54.8B |
| EBITDA | n/a | -₩38.1B | -₩20.8B | ₩40.6B | ₩58.8B |
| Net income | ₩71.6B | ₩24.1B | -₩42.2B | ₩5.05B | ₩15.6B |
| Free cash flow | -₩388B | -₩224B | -₩475B | -₩27.3B | -₩229B |
| Capital expenditure | ₩196B | ₩302B | ₩334B | ₩130B | ₩141B |
| Total debt | ₩1.03T | ₩517B | ₩439B | ₩253B | ₩261B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Ecopro Mat 450080.KS | $1.38B | -67% | +42% | -3% | 6.0× | n/a |
| L&F 066970.KS | $2.15B | -62% | +81% | 8% | 1.5× | n/a |
| CNGR Advanced Material 300919.SZ | $4.72B | -48% | +46% | 7% | 1.2× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 450080.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.9% | -26.0% | 8th lowest of 21 |
| 6-month return | -67.1% | -42.9% | 2nd lowest of 21 |
| Distance from 52-week high | -70.2% | -58.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +42.3% | +4.4% | 2nd highest of 21 |
| Operating margin | -3.2% | 8.1% | 4th lowest of 21 |
| EV / Sales | 6.0× | 1.1× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -7.0 pp | +4.0 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ecopro Mat 450080.KS | South Korea | $1.38B | -67% | +42% | -3% | 6.0× | n/a | n/a |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 1.0× | -6.1% | +3.9% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 1.4× | -0.3% | +10.6% |
| Iljin Electric 103590.KS | South Korea | $1.52B | -65% | +24% | 9% | 0.9× | n/a | n/a |
| Cswind 112610.KS | South Korea | $1.52B | -31% | -8% | 7% | 1.1× | -0.5% | +23.8% |
| Dl E&c 375500.KS | South Korea | $1.53B | -48% | -17% | 4% | 0.3× | -8.3% | -5.3% |
| HUYNDAI MOVEX 319400.KS | South Korea | $1.24B | -51% | +2% | 3% | 4.4× | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | 11.1× | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | 2.5× | n/a | n/a |
| Asiana Airlines 020560.KS | South Korea | $1.21B | +13% | -17% | -12% | 1.1× | n/a | n/a |
| Eugene Technology 084370.KS | South Korea | $1.21B | -43% | +2% | 15% | 3.5× | 16.3% | +11.6% |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 4.9× | 40.9% | -0.8% |
| Psk 319660.KS | South Korea | $1.66B | -12% | +32% | 25% | 3.5× | 6.1% | +11.5% |
| IPARK Hyundai Development 294870.KS | South Korea | $1.12B | +4% | -13% | 11% | 0.4× | n/a | n/a |
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 4.0× | 8.8% | +5.7% |
| Hyundai Elevator 017800.KS | South Korea | $1.79B | -31% | -9% | 9% | 1.1× | -5.5% | +6.3% |
| Poongsan 103140.KS | South Korea | $1.05B | -47% | +20% | 7% | 0.2× | n/a | n/a |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 0.4× | -4.0% | +2.6% |
| Taesung 323280.KS | South Korea | $999M | -44% | +67% | 3% | 19.1× | n/a | n/a |
| PanOcean 028670.KS | South Korea | $1.91B | -12% | +24% | 9% | 0.4× | n/a | n/a |
| DAEHAN SHIPBUILDING 439260.KS | South Korea | $955M | -62% | +14% | 26% | 0.5× | n/a | n/a |