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Miscellaneous

Orion Corp. (Korea)

  • 17,200.00 KRW
  • -300.00
  • -1.71%
  • South Korea
    Jul 19, 2019
  • Ticker
    KRX(001800)
  • Prev. close
    17,500
  • Market cap (KRW)
    1,096.29B
  • Market cap (USD)
    933.41M
  • Shares
    62.64M

Company Background

Orion is one of South Korea's largest confectioners, alongside Lotte Confectionery. It sells more overseas than it does in its home market. Best known for its Choco Pie cakes and Pokachip potato chips, the company has diversified its product line in recent years.

Founded as the Tong Yang Confectionery in 1956, the company expanded through acquisitions. Its success was built on the Orion Choco Pie, introduced in 1974. The hit product brought a surge in sales and domestic market share, and in 2003 the company changed its name to capitalize on the strength of its pies.

Among its four key products -- pies, savory snacks, jelly snacks and cookies -- savory snacks and cookies have grown in importance in recent years. The company has expanded into China, Vietnam and Russia and has factories in all three countries. Orion's overseas sales now exceed 1 trillion won annually.

In addition to its snacks business, Orion has operations in entertainment and lotteries, but the company will withdraw from the lottery business this year to focus on confectioneries.

In July, Orion signed a memorandum of understanding with the Everland theme park in Yongin, Gyeonggi Province, on the outskirts of Seoul. The two will jointly market and operate the attraction, which is based on the concept of a fairy tale candy house.

Business Summary

ORION Holdings engages in the provision of investment and consulting services. Through its subsidiaries, it manufactures and distributes snacks and confectionary products. The company was founded by Yang-Gu Lee on July 25, 1956 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2018 KRWUSD
Revenue1,997.68B1,815.22M
Gross Profit880,052.39M799.67M
Operating income230,512.59M209.45M
Income before tax240,931.38M218.92M
Net income56,332.23M51.18M
EBITDA448,221.07M407.28M
Diluted EPS9360.85
Dividends Per Share6500.59
Total Assets4,342.13B3,891.49M
Total liabilities1,165.54B1,044.58M
Total equity1,876.06B1,681.36M
Operating cash flow350,515.23M318.50M
Currency in KRWCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 2,463.03B 2,382.37B 127,964.47M 112,748.27M 1,997.68B
Gross Profit 1,085.80B 1,095.49B 25,328.04M 26,550.85M 880,052.39M
Operating income 275,636.03M 301,355.91M -1,793.96M 4,900.91M 230,512.59M
Income before tax 253,589.45M 252,123.23M -1,501.75M -40,003.79M 240,931.38M
Net income 184,663.69M 162,197.22M -10,142.53M -47,333.26M 56,332.23M
EBITDA 422,054.27M 483,103.49M 49,873.56M 64,324.29M 448,221.07M
Diluted EPS 9,073.97 9,035.96 1,314.49 -252 936
Dividends Per Share 1,754.21 1,754.21 1,754.21 600 650
Total Assets 2,932.51B 2,998.83B 2,908.86B 4,302.84B 4,342.13B
Total liabilities 1,529.99B 1,472.66B 1,203.96B 1,184.94B 1,165.54B
Total equity 1,247.12B 1,378.71B 1,599.52B 1,847.85B 1,876.06B
Operating cash flow 215,706.93M 396,179.29M 340,626.40M -8,784.02M 350,515.23M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 2,339.82M 2,104.93M 110.29M 99.73M 1,815.22M
Gross Profit 1,031.49M 967.92M 21.83M 23.48M 799.67M
Operating income 261.84M 266.26M -1.54M 4.33M 209.45M
Income before tax 240.90M 222.76M -1.29M -35.38M 218.92M
Net income 175.42M 143.30M -8.74M -41.86M 51.18M
EBITDA 400.94M 426.84M 42.98M 56.89M 407.28M
Diluted EPS 8.62 7.98 1.13 -0.22 0.85
Dividends Per Share 1.66 1.54 1.51 0.53 0.59
Total Assets 2,667.98M 2,557.53M 2,408.39M 4,019.28M 3,891.49M
Total liabilities 1,391.98M 1,255.94M 996.82M 1,106.85M 1,044.58M
Total equity 1,134.62M 1,175.82M 1,324.32M 1,726.08M 1,681.36M
Operating cash flow 204.91M 350.04M 293.59M -7.76M 318.50M

Valuation Measures

Dec 2018
PER18.26
ROA1.30%
ROE3.02%
Operating margin11.53%
Profit margin2.81%

Key executives

  • Vice Chairman & Chief Executive Officer: In-Cheol Heo
  • Vice Chairman-Executive Board: Hwa-Kyung Lee
  • Chairman-Executive Board: Cheol-Gon Tam
  • Managing Director: Sae-Chil Jang
  • Director, Senior MD & Head-Management Support: Seong-Gyu Park

Shareholders

  • LEE HWA-KYUNG (32.6%)
  • TAM CHEOL-GON (28.7%)
  • Matthews International Capital Management LLC (9.7%)
  • National Pension Service of Korea (5.0%)
  • ORION Holdings (Korea) (3.9%)
  • TAM KYUNG-SUN (1.2%)
  • TAM SUH-WON (1.2%)
  • Dimensional Fund Advisors LP (1.1%)
  • GIC Pte Ltd. (Investment Management) (0.9%)
  • The Vanguard Group, Inc. (0.7%)

Contact Details

Related Companies

  • Crespo Co., Ltd. (Korea)
  • Supreme Star Investment Ltd.
  • Orion Reports
  • Megamark Corp.
  • SportsToto Co., Ltd.
  • SHOWBOX Corp.
  • Orion Corp. Employee Stock Ownership Association
  • Show Box

Competitors

  • Next Entertainment World Co., Ltd.
  • Walt Disney Company
  • Spackman Entertainment Group Ltd
  • AT&T Inc.
  • CJ CGV Co., Ltd
  • CJ ENM Co., Ltd.
  • Jcontentree Corp
  • Lotte Shopping Co., Ltd
  • Sony Corporation
  • ESSA Pharma Inc
Last Updated on 19 Jul, 2019

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