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Consumer Non-Durables

CJ CheilJedang Corp.

Company Background

CJ Cheiljedang is the largest comprehensive food company in South Korea. As a core unit of the CJ group, one of the country's hefty conglomerates, it handles products like seasonings, flour and processed foodstuffs. Annual sales exceed 10 trillion won.

CJ Cheiljedang began expanding overseas decades ago by promoting amino acid products, involving key nutrients like lysine and threonine. More recently, though, it began selling food products in foreign markets.

CJ Cheiljedang began as a sugar company in 1953. According to information released by the company for investor relations, it now has four divisions -- Bio & Pharma, which includes amino acid and pharmaceutical operations; Food, which consists of sugar, seasonings, processed food and other products; Feed & Livestock, including farm management and fodder; and Logistics, undertaken by a subsidiary, CJ Korea Express.

CJ Cheiljedang has numerous long-selling products in its food pantry, such as Dashida seasonings and Hetbahn retort rice. Widely known in South Korea, CJ Cheiljedang always ranks high in surveys of companies university students wish to join after graduation.

The company began its overseas amino acid operations in 1988, when it concluded a deal to build a plant in Indonesia.

CJ Cheiljedang is now developing other Asian markets. Earlier this year, it began operating a flour mill, jointly set up with Japanese trading house Sumitomo Corp., in Vietnam's Ba Ria-Vung Tau Province. The plant will initially produce 100,000 tons of wheat flour and 10,000 tons of premix flour per year. CJ Cheiljedang will sell the products via Sumitomo to Vietnamese noodle- and bread-makers.

Business Summary

CJ CheilJedang Corp. engages in the development, production, and sale of processed foods. It operates through the following Business Divisions: Food, Life Science, and Logistics. The Food division provides sugar, flour, oil, and others. The Life Science division offers pharmaceuticals. The Logistics division provides delivery and loading and unloading services. The company was founded on September 4, 2007 and is headquartered in Seoul, Korea.

Financial Highlights

Dec 2019 KRWUSD
Revenue22,352.46B19,167.17M
Gross Profit4,060.09B3,481.51M
Operating income896,857.87M769.05M
Income before tax321,265.03M275.48M
Net income152,546.15M130.80M
EBITDA2,007.26B1,721.22M
Diluted EPS9,520.338.16
Dividends Per Share3,5003.00
Total Assets26,280.63B22,725.26M
Total liabilities16,799.15B14,526.48M
Total equity4,880.87B4,220.57M
Operating cash flow1,731.08B1,484.40M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 12,924.47B 14,563.25B 16,477.17B 18,670.05B 22,352.46B
Gross Profit 2,751.53B 3,129.94B 3,391.56B 3,376.41B 4,060.09B
Operating income 751,413.82M 843,638.18M 776,575.24M 832,709.68M 896,857.87M
Income before tax 364,809.83M 528,382.40M 584,328.74M 1,294.18B 321,265.03M
Net income 189,259.96M 275,909.51M 370,154.57M 875,157.27M 152,546.15M
EBITDA 1,235.01B 1,374.91B 1,342.53B 1,473.33B 2,007.26B
Diluted EPS 13,394 19,455.94 26,142 55,417.97 9,520.33
Dividends Per Share 2,500 2,500 3,000 3,500 3,500
Total Assets 13,751.26B 15,766.23B 16,868.12B 19,497.02B 26,280.63B
Total liabilities 8,366.03B 9,705.76B 10,724.27B 12,188.81B 16,799.15B
Total equity 3,143.10B 3,409.36B 3,374.92B 4,782.82B 4,880.87B
Operating cash flow 1,023.27B 636,867.53M 1,021.08B 252,621.56M 1,731.08B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 11,419.36M 12,552.47M 14,574.98M 16,964.79M 19,167.17M
Gross Profit 2,431.10M 2,697.78M 3,000.03M 3,068.02M 3,481.51M
Operating income 663.90M 727.15M 686.92M 756.65M 769.05M
Income before tax 322.32M 455.42M 516.87M 1,175.97M 275.48M
Net income 167.21M 237.81M 327.42M 795.22M 130.80M
EBITDA 1,091.18M 1,185.07M 1,187.54M 1,338.76M 1,721.22M
Diluted EPS 11.83 16.76 23.12 50.35 8.16
Dividends Per Share 2.20 2.15 2.65 3.18 3.00
Total Assets 11,727.65M 13,053.68M 15,756.50M 17,473.58M 22,725.26M
Total liabilities 7,134.90M 8,035.90M 10,017.53M 10,923.83M 14,526.48M
Total equity 2,680.56M 2,822.78M 3,152.51M 4,286.45M 4,220.57M
Operating cash flow 904.11M 548.93M 903.20M 229.54M 1,484.40M

Valuation Measures

Dec 2019
PER26.52
ROA0.66%
ROE3.15%
Operating margin4.01%
Profit margin0.68%

Key executives

  • Co-Chief Executive Officer & Director: Shin-Ho Kang
  • Co-Chief Executive Officer & Director: Hyun-Jae Shin
  • Co-Chief Executive Officer & Director: Kyung-Shik Son
  • Managing Director & Head-Finance: Jong-Hwan Shin
  • MD, Head-Research & Development Planning: Jae-Ho Jang

Shareholders

  • CJ Corp. (44.5%)
  • National Pension Service of Korea (12.0%)
  • CJ CheilJedang Corp. (2.3%)
  • The Vanguard Group, Inc. (1.5%)
  • BlackRock Fund Advisors (1.3%)
  • Norges Bank Investment Management (1.0%)
  • Dimensional Fund Advisors LP (0.9%)
  • LEE JAY-HYUN (0.4%)
  • Mirae Asset Global Investments Co., Ltd. (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.3%)

Contact Details

  • Website:http://www.cj.co.kr
  • Address: CJ Cheiljedang Center, 330 Dongho-ro, Seoul, 04560, South Korea
  • Phone: +82.2.6740.1114

Related Companies

  • CJ Foodville Corp. /Bibigo Brand/
  • CJ Foods Vietnam Co. Ltd.
  • CJ Corp. /Manufacturing Bus/
  • Mainfrost Tiefkuhlkost GmbH
  • Minh Dat CJ Food Co., Ltd.
  • CJ Raviollo Rus
  • CJ Cau Tre Foods Joint Stock Co.
  • Metabolix, Inc. /Biopolymer Business/
  • Shanghai SMG-CJ Home Shopping Co. Ltd.
  • CJ Qingdao Feed Co. Ltd.
  • CJ Zhengzhou Feed Co. Ltd.
  • CJ (Shenyang) Biotech Co. Ltd.
  • CJ (China) Ltd.
  • CJ Tian Jin Feed Co. Ltd.
  • CJ Shen Yang Feed Co. Ltd.
  • CJ Nanjing Feed Co. Ltd.
  • CJ (China) Food Co. Ltd.
  • Cofeed Co., Ltd.
  • CJ Global Holdings Ltd.
  • PT Cheil Jedang Indonesia
  • Schwan's Co.
  • Ravioli LLC
  • Super Feed Co. Ltd.
  • CJ MD1 Co., Ltd.
  • YOUNGWOO FROZEN FOODS Co., Ltd.
  • CJ Europe GmbH
  • Sementes Selecta SA
  • CJ Cheiljedang Corp. ESOA
  • Kahiki Foods, Inc.

Competitors

  • Kraft Heinz Company
  • Nestle S.A.
  • Conagra Brands, Inc.
  • Kellogg Company
  • Tyson Foods, Inc. Class A
  • Dongbang Transport & Logistics Co. Ltd.
  • Sebang Co., Ltd
  • Ajinomoto Co., Inc.
  • SEMPIO FOODS COMPANY
  • Sajodaerim Corporation
  • Samyang Corporation
  • Nomad Foods Ltd.
  • TS Corporation
  • Evonik Industries AG
  • Star Lake Bioscience Co., Inc. Class A
  • Vitarich Corp.
  • HLSCIENCE CO.LTD
  • Bluestar Adisseo Co. Class A
  • Oyang Corporation
  • PT Malindo Feedmill Tbk
  • Greencross WellBeing Corporation
  • Cheil Bio Co., Ltd.
  • G-treeBNT Co., Ltd.
Last Updated on 20 Oct, 2020

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