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Miscellaneous

Orion Corp. (Korea)

  • 24,450.00 KRW
  • +200.00
  • +0.82%
  • South Korea
    Apr 24, 2018
  • Ticker
    KRX(001800)
  • Prev. close
    24,250
  • Market cap (KRW)
    1,519.11B
  • Market cap (USD)
    1,410.77M
  • 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 2017 KRWUSD
Revenue112,748.27M99.73M
Gross Profit26,550.85M23.48M
Operating income4,900.91M4.33M
Income before tax-40,003.79M-35.38M
Net income-47,333.26M-41.86M
EBITDA64,324.29M56.89M
Diluted EPS-252-0.22
Dividends Per Share6000.53
Total Assets4,302.84B4,019.28M
Total liabilities1,184.94B1,106.85M
Total equity1,847.85B1,726.08M
Operating cash flow-8,784.02M-7.76M
Currency in KRWCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,485.19B 2,463.03B 2,382.37B 127,964.47M 112,748.27M
Gross Profit 1,061.59B 1,085.80B 1,095.49B 25,328.04M 26,550.85M
Operating income 258,574.92M 275,636.03M 301,355.91M -1,793.96M 4,900.91M
Income before tax 226,781.47M 253,589.45M 252,123.23M -1,501.75M -40,003.79M
Net income 146,338.80M 184,663.69M 162,197.22M -10,142.53M -47,333.26M
EBITDA 397,319.07M 422,054.27M 483,103.49M 49,873.56M 64,324.29M
Diluted EPS 8,088.39 9,073.97 9,035.96 1,314.49 -252
Dividends Per Share 877.10 1,754.21 1,754.21 1,754.21 600
Total Assets 2,973.61B 2,932.51B 2,998.83B 2,908.86B 4,302.84B
Total liabilities 1,704.34B 1,529.99B 1,472.66B 1,203.96B 1,184.94B
Total equity 1,122.67B 1,247.12B 1,378.71B 1,599.52B 1,847.85B
Operating cash flow 292,382.49M 215,706.93M 396,179.29M 340,626.40M -8,784.02M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,270.07M 2,339.82M 2,104.93M 110.29M 99.73M
Gross Profit 969.70M 1,031.49M 967.92M 21.83M 23.48M
Operating income 236.19M 261.84M 266.26M -1.54M 4.33M
Income before tax 207.15M 240.90M 222.76M -1.29M -35.38M
Net income 133.67M 175.42M 143.30M -8.74M -41.86M
EBITDA 362.92M 400.94M 426.84M 42.98M 56.89M
Diluted EPS 7.38 8.62 7.98 1.13 -0.22
Dividends Per Share 0.80 1.66 1.54 1.51 0.53
Total Assets 2,817.65M 2,667.98M 2,557.53M 2,408.39M 4,019.28M
Total liabilities 1,614.95M 1,391.98M 1,255.94M 996.82M 1,106.85M
Total equity 1,063.79M 1,134.62M 1,175.82M 1,324.32M 1,726.08M
Operating cash flow 267.07M 204.91M 350.04M 293.59M -7.76M

Valuation Measures

Dec 2017
PER--
ROA-1.31%
ROE-2.74%
Operating margin4.34%
Profit margin-41.98%

Key executives

  • Vice Chairman-Executive Board: Hwa-Kyung Lee
  • Chairman-Executive Board: Cheol-Gon Tam
  • Managing Director: Sae-Chil Jang
  • Auditor: Nak-Goo Seong

Shareholders

  • LEE HWA-KYUNG (32.6%)
  • TAM CHEOL-GON (28.7%)
  • Matthews International Capital Management LLC (9.9%)
  • ORION Holdings (Korea) (3.9%)
  • National Pension Service of Korea (2.2%)
  • Norges Bank Investment Management (1.9%)
  • Government of Singapore (1.2%)
  • Westwood Global Investments LLC (1.2%)
  • TAM KYUNG-SUN (1.2%)
  • TAM SUH-WON (1.2%)

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

  • Twenty-First Century Fox, Inc. Class A
  • Next Entertainment World Co., Ltd.
  • Comcast Corporation Class A
  • Walt Disney Company
  • Lotte Shopping Co., Ltd
  • Time Warner Inc.
  • Crown Confectionery Co.,Ltd.
  • CROWNHAITAI Holdings
  • Cabot Corporation
  • ESSA Pharma Inc
  • GTx, Inc.
Last Updated on 24 Apr, 2018

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