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Michang Oil Industry Co., Ltd. (003650) Stock Price & Analysis

003650 Stock Chart & Stats

₩115,900.00-₩2,400.00(-2.03%)
At close: 3:30 PM GMT+9
KRW 120,000KRW 130,000KRW 140,000KRW 150,0003 Aug18 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
KRW 115,200.00 - KRW 118,300.00
52-Week Range
KRW 105,000.00 - KRW 169,000.00
Previous Close
KRW 118,300.00
Volume
N/A
Average Volume (3M)
1,226
Market Cap
KRW 175.35B
Enterprise Value
-KRW 139.58B
Total Cash (Recent Filing)
KRW 351.48B
Total Debt (Recent Filing)
KRW 13.09B
Price to Earnings (P/E)
1.4
Beta
0.02
Next Earnings
Nov 13, 2026 (Est.)
EPS Estimate
N/A
Last Dividend Ex-Date
Dec 29, 2025
Dividend Yield
3.02%

Bulls Say, Bears Say

Bulls Say

Conservative Balance Sheet

Very low leverage gives Michang Oil Industry substantial financial flexibility and resilience if operating conditions weaken. A conservative capital structure can support continued investment in cooking-oil products, reduce financing pressure, and preserve options for dividends or other shareholder returns.

Strong Shareholder Profitability

The sharp improvement in return on equity indicates that the company is generating stronger profitability from its shareholder capital. If sustained, this can reinforce internal funding capacity, support efficient capital allocation, and strengthen the economics of its established edible-oils business.

Revenue Growth

Positive TTM revenue growth suggests continued demand for the company’s cooking oils and related products across household and commercial food-preparation channels. Sustained sales expansion would broaden the revenue base and provide a platform for operating leverage if profitability becomes more consistent.

Bears Say

Weak Cash Conversion

Operating earnings are currently translating into cash at a weak rate, which reduces confidence in the quality and repeatability of reported profits. Persistently low conversion could constrain internally funded investment, dividends, and working-capital flexibility even while accounting earnings remain positive.

Sharp Free-cash-flow Decline

The steep reduction in free cash flow materially weakens near-term cash-generation capacity and makes the business more sensitive to further changes in operating performance. Although cash flow remains positive, the decline could limit financial flexibility and reduce the durability of shareholder distributions.

Inconsistent Operating Profitability

Negative TTM operating and EBITDA margins indicate that core operations have not produced consistent profitability, despite stronger net income. This raises concern that recent earnings may depend on non-operating or one-off drivers, making underlying earnings power harder to sustain over coming periods.

003650 FAQ

What was Michang Oil Industry Co., Ltd.’s price range in the past 12 months?
Michang Oil Industry Co., Ltd. lowest stock price was ₩105000.00 and its highest was ₩169000.00 in the past 12 months.
What is Michang Oil Industry Co., Ltd.’s market cap?
Michang Oil Industry Co., Ltd.’s market cap is ₩175.35B.
When is Michang Oil Industry Co., Ltd.’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Michang Oil Industry Co., Ltd.’s earnings last quarter?
Michang Oil Industry Co., Ltd. released its earnings results on Aug 14, 2026. The company reported ₩52,479.261 earnings per share for the quarter.
Is Michang Oil Industry Co., Ltd. overvalued?
Not enough analysts have published a price target to calculate whether the price is overvalued.
Does Michang Oil Industry Co., Ltd. pay dividends?
Michang Oil Industry Co., Ltd. pays a ― dividend of ₩3,500 which represents an annual dividend yield of 3.02%. See more information on Michang Oil Industry Co., Ltd. dividends here
What is Michang Oil Industry Co., Ltd.’s EPS estimate?
Michang Oil Industry Co., Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Michang Oil Industry Co., Ltd. have?
Michang Oil Industry Co., Ltd. has 1,739,672 shares outstanding.
What happened to Michang Oil Industry Co., Ltd.’s price movement after its last earnings report?
Michang Oil Industry Co., Ltd. reported an EPS of ₩52,479.261 in its last earnings report. Following the earnings report the stock price went up 1.097%.
Which hedge fund is a major shareholder of Michang Oil Industry Co., Ltd.?
Currently, no hedge funds are holding shares in KR:003650
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology