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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 2021 KRWUSD
Revenue26,289.22B22,956.82M
Gross Profit5,489.97B4,794.07M
Operating income1,524.42B1,331.19M
Income before tax1,184.64B1,034.47M
Net income612,890.49M535.20M
EBITDA2,789.72B2,436.10M
Diluted EPS38,250.2233.40
Dividends Per Share5,0004.36
Total Assets26,855.80B22,591.63M
Total liabilities16,049.00B13,500.73M
Total equity6,113.52B5,142.81M
Operating cash flow1,461.25B1,276.03M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 16,477.17B 18,670.05B 22,352.46B 24,245.72B 26,289.22B
Gross Profit 3,391.56B 3,376.41B 4,060.09B 4,882.47B 5,489.97B
Operating income 776,575.24M 832,709.68M 896,857.87M 1,359.55B 1,524.42B
Income before tax 584,328.74M 1,294.18B 321,265.03M 1,160.67B 1,184.64B
Net income 370,154.57M 875,157.27M 152,546.15M 685,581.66M 612,890.49M
EBITDA 1,342.53B 1,473.33B 2,007.26B 2,645.33B 2,789.72B
Diluted EPS 26,142 55,417.97 9,520.33 42,786.84 38,250.22
Dividends Per Share 3,000 3,500 3,500 4,000 5,000
Total Assets 16,868.12B 19,497.02B 26,280.63B 25,611.89B 26,855.80B
Total liabilities 10,724.27B 12,188.81B 16,799.15B 15,445.45B 16,049.00B
Total equity 3,374.92B 4,782.82B 4,880.87B 5,274.39B 6,113.52B
Operating cash flow 1,021.08B 252,621.56M 1,731.08B 1,757.25B 1,461.25B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 14,574.98M 16,964.79M 19,167.17M 20,549.17M 22,956.82M
Gross Profit 3,000.03M 3,068.02M 3,481.51M 4,138.08M 4,794.07M
Operating income 686.92M 756.65M 769.05M 1,152.27M 1,331.19M
Income before tax 516.87M 1,175.97M 275.48M 983.72M 1,034.47M
Net income 327.42M 795.22M 130.80M 581.05M 535.20M
EBITDA 1,187.54M 1,338.76M 1,721.22M 2,242.02M 2,436.10M
Diluted EPS 23.12 50.35 8.16 36.26 33.40
Dividends Per Share 2.65 3.18 3.00 3.39 4.36
Total Assets 15,756.50M 17,473.58M 22,725.26M 23,577.18M 22,591.63M
Total liabilities 10,017.53M 10,923.83M 14,526.48M 14,218.40M 13,500.73M
Total equity 3,152.51M 4,286.45M 4,220.57M 4,855.37M 5,142.81M
Operating cash flow 903.20M 229.54M 1,484.40M 1,489.33M 1,276.03M

Valuation Measures

Dec 2021
PER10.13
ROA2.33%
ROE10.76%
Operating margin5.79%
Profit margin2.33%

Key executives

  • Co-Chief Executive Officer & Director: Shin-Ho Kang
  • Co-Chief Executive Officer & Director: Kyung-Shik Son
  • Managing Director & Head-Operations: Hyeong-Bae Jeon
  • 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 (13.0%)
  • CJ CheilJedang Corp. (2.3%)
  • The Vanguard Group, Inc. (1.3%)
  • BlackRock Fund Advisors (1.3%)
  • Norges Bank Investment Management (1.1%)
  • Robeco Institutional Asset Management BV (0.9%)
  • Dimensional Fund Advisors LP (0.8%)
  • BlackRock Advisors (UK) Ltd. (0.7%)
  • T. Rowe Price Hong Kong Ltd. (0.6%)

Contact Details

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

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  • Storewell (M) Sdn. Bhd.
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Competitors

  • Ajinomoto Co., Inc.
  • Sajodaerim Corporation
  • SEMPIO FOODS COMPANY
  • SINGSONG HOLDINGS Co., Ltd.
  • TS Corporation
  • PT Malindo Feedmill Tbk
  • Anhui Huaheng Biotechnology Co., Ltd. Class A
  • Vitarich Corp.
  • Bluestar Adisseo Co. Class A
  • Cheil Bio Co., Ltd.
  • NOVAREX Co., Ltd.
  • Oyang Corporation
  • Naturalendo Tech Co., Ltd.
  • Optipharm Co., Ltd.
  • Samyang Corporation
  • HLB Therapeutics Co., Ltd.
  • Yield10 Bioscience, Inc.
Last Updated on 4 Oct, 2022

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