Asia300

Korea Aerospace Industries Ltd.

South Korea

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Feb 22, 2018
Prev close: 49,950
Feb 22, 2018
Market cap:
Market cap(USD):
4,868.88B
4,490.55M
Shares: 97.47M

Currency in KRW

Company profile

Market(Ticker): KRX(047810)
Sector:
Industry:
Electronic Technology
Aerospace & Defense
Full time employees: --

Business summary

Korea Aerospace Industries Ltd. engages in the manufacture and sale of aircrafts. Its products include fixed wing, rotary wing, air frame, upgrade, modification, training system development, space program, and UAV. The company was founded on October 1, 1999 and is headquartered in Sacheon-si, South Korea.

Company background

Korea Aerospace Industries is South Korea's sole aircraft maker. It was founded in 1999 under the leadership of the South Korean government, with three conglomerates -- Samsung, Hyundai and Daewoo -- contributing their aerospace expertise. Its leading shareholder is Korea Development Bank, an institution wholly owned by the government.

Korea Aerospace's mainline product is the T-20 supersonic training aircraft, developed jointly with Lockheed Martin, a U.S. defense contractor. Mass production of the jet, which also doubles as a light attack aircraft, began in 2006. In addition to being supplied to the South Korean air force, the T-20 has also been shipped to Indonesia and Iraq.

Korea Aerospace also has a working relationship with Europe's Airbus Group. With the help of Airbus, the company in 2012 began selling the first South Korean-built helicopters.

In 2015, the company was awarded a contract to build the KF-X fighter, to be developed jointly with Indonesia, which is an investor in the 18 trillion won ($15.7 billion) project. Plans call for building 120 of the planes between 2025 and 2032. Korea Aerospace will have to pay a penalty if it falls behind schedule.

Opposition from Washington meant the company was unable to obtain the radar technology it wanted from Lockheed Martin, so it is developing the technology in-house. Some observers say that could impact the development schedule.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 2,038.73B
Gross profit --
Operating income -197,170.20M
Income before tax -311,674.92M
Net income -234,965.03M
EBITDA --
Diluted EPS --
Dividends per share 680
Total assets 3,070.53B
Total liabilities 1,929.90B
Total equity 1,140.62B
Operating cash flow --

Currency in KRW

Revenue 1,803.37M
Gross profit --
Operating income -174.40M
Income before tax -275.69M
Net income -207.83M
EBITDA --
Diluted EPS --
Dividends per share 0.60
Total assets 2,868.18M
Total liabilities 1,802.72M
Total equity 1,065.45M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER --
ROA -7.81%
ROE -18.45%
Operating margin -9.67%
Profit margin -11.52%

Key executive

  • Chief Executive Officer & Director: Jo-Won Kim
  • Managing Director, Head-Finance & Economy: Geol-Taek Shim
  • Vice President & Head-Overseas Business Division: In-Sik Kim
  • Executive Director: Dong-Shin Lee
  • Managing Director: Sang-Youl Choi

Share holders

  • Government of South Korea(26.7%)
  • National Pension Service of Korea(7.0%)
  • Hanwha Techwin Co., Ltd.(5.9%)
  • BlackRock Asset Management North Asia Ltd.(2.2%)
  • BlackRock Fund Advisors(1.6%)
  • The Vanguard Group, Inc.(1.6%)
  • Korea Aerospace Industries Ltd. ESOA(1.5%)
  • Morgan Stanley Investment Management, Inc.(0.7%)
  • Samsung Asset Management Co., Ltd.(0.7%)
  • APG Asset Management NV(0.7%)

Address

  • Website: http://www.koreaaero.com
  • Address: 78 Gongdan 1-ro, Sanam-myeon, Sacheon-si, 52529, South Korea
  • Phone: +82.55.851.1000

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