Want to see KR:002310 full AI Analyst Report?
Top Page
Asia Paper Manufacturing Co., Ltd.
(002310)
Select Model
Select Model
Rating:54Neutral
Price Target:
₩7,375.00
Action:N/A
Date:10/28/26
The score is held back primarily by weaker current earnings quality and cash conversion (thin margins and slightly negative TTM free cash flow) and a bearish technical setup (below major moving averages with negative MACD). Support comes from a strong, low-leverage balance sheet and a reasonable valuation with a solid dividend yield.
Positive Factors
Revenue rebound
The sharp TTM revenue rebound indicates renewed demand for the company’s paper products after prior weakness. If sustained, stronger volume or customer activity can improve operating leverage, support capacity utilization, and provide a broader base for rebuilding earnings over the next several quarters.
Negative Factors
Compressed margins
Current margins are materially below the company’s stronger 2021–2023 results, showing reduced earnings power despite the revenue rebound. Persistently thin operating profitability leaves less room to absorb cost or pricing pressure and limits the conversion of sales growth into durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The sharp TTM revenue rebound indicates renewed demand for the company’s paper products after prior weakness. If sustained, stronger volume or customer activity can improve operating leverage, support capacity utilization, and provide a broader base for rebuilding earnings over the next several quarters.
Read all positive factors
Asia Paper Manufacturing Co., Ltd. (002310) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩261.86B
Dividend Yield3.52%
Average Volume (3M)55.32K
Price to Earnings (P/E)9.9
Beta (1Y)0.23
Revenue Growth0.22%
EPS Growth25.30%
CountryKR
Employees281
SectorGeneral
Sector StrengthN/A
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)715.17
Shares Outstanding39,449,510
10 Day Avg. Volume52,490
30 Day Avg. Volume55,324
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.37
Price to Sales (P/S)0.36
P/FCF Ratio-34.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Asia Paper Manufacturing Co., Ltd. Business Overview & Revenue Model
Company Description
Asia Paper Manufacturing.Co.,Ltd, established in 1958 and based in Seoul, South Korea, manufactures and distributes a range of specialized industrial paper products. The company's offerings for the South Korean market encompass corrugated board an...
Asia Paper Manufacturing Co., Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 874.08B | 854.76B | 891.07B | 908.33B | 1.02T | 945.73B |
| Gross Profit | 138.76B | 139.46B | 138.60B | 189.18B | 212.57B | 185.29B |
| EBITDA | 80.31B | 76.95B | 88.40B | 153.48B | 172.47B | 156.40B |
| Net Income | 27.16B | 29.67B | 23.94B | 81.05B | 94.40B | 91.00B |
Balance Sheet | ||||||
| Total Assets | 1.05T | 1.03T | 1.03T | 1.05T | 1.03T | 969.59B |
| Cash, Cash Equivalents and Short-Term Investments | 141.03B | 147.12B | 174.80B | 176.97B | 196.50B | 139.32B |
| Total Debt | 77.47B | 72.61B | 72.57B | 75.30B | 90.92B | 113.94B |
| Total Liabilities | 198.40B | 188.92B | 190.55B | 198.42B | 230.66B | 255.17B |
| Stockholders Equity | 848.10B | 845.37B | 835.94B | 849.76B | 804.29B | 714.42B |
Cash Flow | ||||||
| Free Cash Flow | -951.93M | -9.02B | 37.72B | 28.89B | 73.92B | 47.48B |
| Operating Cash Flow | 78.23B | 77.04B | 83.13B | 132.89B | 116.92B | 108.75B |
| Investing Cash Flow | -69.43B | -75.33B | -54.68B | -68.21B | -113.17B | -74.51B |
| Financing Cash Flow | -35.37B | -22.17B | -40.78B | -52.23B | -34.09B | -21.62B |
Asia Paper Manufacturing Co., Ltd. Technical Analysis
Negative
―
Price Trends
7963.41
Negative
7805.69
Negative
8251.55
Negative
Market Momentum
-264.12
Positive
33.21
Neutral
37.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002310, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 7425.00, equal to the 50-day MA of 7963.41, and equal to the 200-day MA of 8251.55, indicating a bearish trend. The MACD of -264.12 indicates Positive momentum. The RSI at 33.21 is Neutral, neither overbought nor oversold. The STOCH value of 37.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:002310.
Asia Paper Manufacturing Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₩322.99B | 7.36 | ― | 2.78% | -0.26% | 69.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₩261.86B | 9.93 | ― | 3.52% | 0.22% | 25.30% | |
52 Neutral | ₩162.88B | 7.39 | ― | 7.30% | 1.89% | ― | |
48 Neutral | ₩65.31B | -5.80 | ― | ― | 3.75% | 38.79% | |
45 Neutral | ₩57.55B | -0.92 | ― | 9.04% | -1.57% | -571.28% | |
44 Neutral | ₩73.35B | -0.88 | ― | ― | -0.57% | -50413.86% |
* General Sector Average
KR:002310
Asia Paper Manufacturing Co., Ltd.
7,100.00
-193.82
-2.66%
KR:001020
PaperCorea, Inc.
1,838.00
-1,637.00
-47.11%
KR:009200
Moorim Paper Co., Ltd
1,383.00
-494.70
-26.35%
KR:016590
Shindaeyang Paper Co., Ltd
8,100.00
-4,010.58
-33.12%
KR:027970
Hankuk Paper MFG. CO., LTD
1,930.00
-2,050.00
-51.51%
KR:213500
Hansol Paper Co., Ltd.
6,850.00
-883.88
-11.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.