Asia300

ORION Holdings (Korea)

South Korea

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Dec 11, 2017
Prev close: 27,150
Dec 11, 2017
Market cap:
Market cap(USD):
1,700.78B
1,557.06M
Shares: 62.64M

Currency in KRW

Company profile

Market(Ticker): KRX(001800)
Sector:
Industry:
Miscellaneous
Miscellaneous
Full time employees: 1,976

Business summary

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

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 2,386.26B
Gross profit 1,130.10B
Operating income 326,247.60M
Income before tax 305,783.48M
Net income 219,932.37M
EBITDA 487,001.89M
Diluted EPS 13,144.33
Dividends per share 1,754.21
Total assets 2,908.86B
Total liabilities 1,203.96B
Total equity 1,599.52B
Operating cash flow 338,867.93M

Currency in KRW

Revenue 2,056.79M
Gross profit 974.07M
Operating income 281.20M
Income before tax 263.56M
Net income 189.56M
EBITDA 419.76M
Diluted EPS 11.32
Dividends per share 1.51
Total assets 2,408.39M
Total liabilities 996.82M
Total equity 1,324.32M
Operating cash flow 292.07M

Currency in USD

Valuation measures

Dec 2016

PER 14.56
ROA 7.44%
ROE 14.76%
Operating margin 13.67%
Profit margin 9.21%

Key executive

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

Share holders

  • LEE HWA-KYUNG(14.5%)
  • TAM CHEOL-GON(12.8%)
  • ORION Holdings (Korea)(12.0%)
  • National Pension Service of Korea(5.9%)
  • Matthews International Capital Management LLC(3.9%)
  • Government of Singapore(3.8%)
  • Westwood Global Investments LLC(3.8%)
  • GIC Pte Ltd. (Investment Management)(2.9%)
  • Arisaig Partners (Asia) Pte Ltd.(2.2%)
  • The Vanguard Group, Inc.(1.3%)

Address

  • Website: http://www.oriongroup.co.kr
  • Address: 13 Baekbeom-ro 90da-gil, Yongsan-gu, Seoul, 04369, South Korea
  • Phone: +82.2.710.6000

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