Asia300

ORION Holdings (Korea)

South Korea

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Feb 14, 2018
Prev close: 26,050
Feb 14, 2018
Market cap:
Market cap(USD):
1,631.88B
1,514.93M
Shares: 62.64M

Currency in KRW

Company profile

Market(Ticker): KRX(001800)
Sector:
Industry:
Miscellaneous
Miscellaneous
Full time employees: --

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.

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 2017

  • Local currency
  • US Dollar
Revenue 112,400.15M
Gross profit --
Operating income 5,139.85M
Income before tax 16,959.55M
Net income 1,547.19B
EBITDA --
Diluted EPS --
Dividends per share 600
Total assets 3,829.35B
Total liabilities 1,057.69B
Total equity 2,771.65B
Operating cash flow --

Currency in KRW

Revenue 99.42M
Gross profit --
Operating income 4.54M
Income before tax 15.00M
Net income 1,368.57M
EBITDA --
Diluted EPS --
Dividends per share 0.53
Total assets 3,576.99M
Total liabilities 987.99M
Total equity 2,588.99M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER 1.07
ROA 45.92%
ROE 70.79%
Operating margin 4.57%
Profit margin 1,376.50%

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(32.6%)
  • TAM CHEOL-GON(28.7%)
  • ORION Holdings (Korea)(3.9%)
  • National Pension Service of Korea(2.2%)
  • Matthews International Capital Management LLC(1.6%)
  • Government of Singapore(1.2%)
  • Westwood Global Investments LLC(1.2%)
  • TAM KYUNG-SUN(1.2%)
  • TAM SUH-WON(1.2%)
  • GIC Pte Ltd. (Investment Management)(0.9%)

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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