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Miwon Commercial Co., Ltd
(002840)
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Rating:71Outperform
Price Target:
₩140,335
Action:N/A
Date:10/28/26
The score is primarily driven by strong financial resilience (near-zero leverage) and solid ongoing profitability, supported by reasonable valuation (P/E ~10.9, dividend yield ~1.89%). These positives are tempered by weak technical momentum (below key moving averages, negative MACD) and a notable deterioration in free cash flow conversion and growth.
Positive Factors
Conservative balance sheet
Minimal leverage gives Miwon Commercial substantial financial resilience and reduces exposure to interest costs or refinancing pressure. The strong equity and asset base also provides flexibility to sustain operations, absorb chemical-industry cyclicality, and fund reinvestment through changing conditions.
Negative Factors
Weak free cash flow conversion
The sharp decline in free cash flow and low conversion from earnings indicate that less cash is currently available after operating and investment needs. If sustained, this can reduce flexibility for shareholder returns, reinvestment, and other capital allocation priorities.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal leverage gives Miwon Commercial substantial financial resilience and reduces exposure to interest costs or refinancing pressure. The strong equity and asset base also provides flexibility to sustain operations, absorb chemical-industry cyclicality, and fund reinvestment through changing conditions.
Read all positive factors
Miwon Commercial Co., Ltd (002840) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩585.89B
Dividend Yield1.78%
Average Volume (3M)2.00K
Price to Earnings (P/E)11.6
Beta (1Y)>-0.01
Revenue Growth6.54%
EPS Growth21.13%
CountryKR
Employees776
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)11636.55
Shares Outstanding4,500,000
10 Day Avg. Volume2,313
30 Day Avg. Volume2,004
Financial Highlights & Ratios
PEG Ratio-1.25
Price to Book (P/B)1.66
Price to Sales (P/S)1.57
P/FCF Ratio35.56
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
Miwon Commercial Co., Ltd Business Overview & Revenue Model
Company Description
Established in 1959 and headquartered in Anyang, South Korea, Miwon Commercial Co., Ltd. is a global producer and distributor of a broad array of chemical products. The company's offerings include a comprehensive range of personal care ingredients...
Miwon Commercial Co., Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
94
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 469.05B | 441.14B | 435.80B | 421.37B | 438.19B | 359.79B |
| Gross Profit | 93.62B | 85.62B | 100.14B | 100.53B | 108.14B | 84.68B |
| EBITDA | 93.59B | 84.32B | 93.61B | 102.63B | 107.78B | 87.66B |
| Net Income | 52.82B | 43.52B | 50.55B | 61.02B | 72.22B | 57.74B |
Balance Sheet | ||||||
| Total Assets | 516.03B | 492.89B | 478.70B | 447.57B | 415.62B | 372.41B |
| Cash, Cash Equivalents and Short-Term Investments | 13.31B | 29.36B | 42.28B | 37.42B | 25.26B | 21.67B |
| Total Debt | 1.34B | 182.00M | 147.21M | 549.19M | 613.85M | 487.46M |
| Total Liabilities | 87.57B | 76.51B | 78.23B | 69.60B | 73.77B | 76.43B |
| Stockholders Equity | 428.46B | 416.38B | 400.46B | 377.97B | 341.85B | 295.99B |
Cash Flow | ||||||
| Free Cash Flow | 12.28B | 19.47B | 29.82B | 37.65B | 29.37B | 26.24B |
| Operating Cash Flow | 67.22B | 68.59B | 79.54B | 97.57B | 70.78B | 55.08B |
| Investing Cash Flow | -54.38B | -48.75B | -54.55B | -61.95B | -39.63B | -22.62B |
| Financing Cash Flow | -28.43B | -28.42B | -27.77B | -23.51B | -27.12B | -33.01B |
Miwon Commercial Co., Ltd Technical Analysis
Positive
―
Price Trends
133277.48
Positive
127098.90
Positive
132596.46
Positive
Market Momentum
-590.00
Positive
57.67
Neutral
43.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:002840, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 134733.78, equal to the 50-day MA of 133277.48, and equal to the 200-day MA of 132596.46, indicating a bullish trend. The MACD of -590.00 indicates Positive momentum. The RSI at 57.67 is Neutral, neither overbought nor oversold. The STOCH value of 43.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KR:002840.
Miwon Commercial Co., Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₩217.33B | 7.39 | ― | 4.46% | 30.03% | 83.76% | |
81 Outperform | ₩645.17B | 7.24 | ― | 2.59% | 6.80% | 63.38% | |
72 Outperform | ₩890.18B | 4.55 | ― | 4.29% | 18.31% | 224.03% | |
71 Outperform | ₩585.89B | 11.56 | ― | 1.78% | 6.54% | 21.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₩2.11T | 31.40 | ― | 1.72% | -12.33% | 80.17% | |
44 Neutral | ₩2.21T | 339.90 | ― | ― | 14.19% | 22.27% |
* General Sector Average
KR:002840
Miwon Commercial Co., Ltd
137,900.00
-10,753.64
-7.23%
KR:004000
LOTTE Fine Chemical Co,. Ltd.
35,400.00
-8,879.54
-20.05%
KR:005290
Dongjin Semichem Co., Ltd
38,800.00
-3,270.77
-7.77%
KR:134380
Miwon Chemicals Co., Ltd
11,370.00
3,137.45
38.11%
KR:268280
Miwon Specialty Chemical Co. Ltd.
130,200.00
-8,139.97
-5.88%
KR:457190
ISU SPECIALTY CHEMICAL Co., Ltd.
73,100.00
17,700.00
31.95%
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.