# YoungPoong (000670.KO)

Canonical: https://gigainvestors.com/s/000670.KO

Analysis as of: 2026-10-16T07:47:26.452Z. Financial observations: FY2000–FY2025.

Listing currency: KRW. Reporting currency: KRW.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: KRW 32,850.00 per share; close as of 2026-10-15.

## Checklist

### understandable: fail

- 3 revenue declines in the last 10 years (informational)

- more than 2 net loss years

- negative average operating margin

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 3

- Years with a net loss: 3

- Operating margin variation: 2.85×

Chart: Operating margin; fiscal year observations.

- FY2016: -0.00×

- FY2017: 0.04×

- FY2018: -0.04×

- FY2019: 0.03×

- FY2020: 0.01×

- FY2021: -0.01×

- FY2022: 0.02×

- FY2023: -0.05×

- FY2024: -0.06×

- FY2025: -0.09×

### moat: fail

- ROIC median below threshold

- ROIC worst years below threshold (more than 1 bad year allowed)

- Recent gross margin fell 8.6pp below the typical margin (limit 4pp)

- ROIC, median of available years: -0.4%

- ROIC, second-lowest year: -3.6%

- Typical minus recent gross margin: 8.6 pp

- Typical gross margin (annual median): 3.8%

- Recent gross margin (lower of latest and 3-year median): -4.9%

- Years with nonpositive capital: 0

- Capital spending / revenue: 3.9%

- ROIC including acquisitions, ten-year median: 2.2%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: -0.1%

- FY2017: 4.4%

- FY2018: -2.6%

- FY2019: 2.4%

- FY2020: 0.9%

- FY2021: -0.7%

- FY2022: 1.8%

- FY2023: -3.6%

- FY2024: -3.5%

- FY2025: -5.5%

### economics: fail

- incremental invested capital return below threshold

- Owner earnings / net income, 5-yr: 0.95×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: KRW 162B

- Net income, five-year total: KRW 170B

- Return on incremental invested capital: -39.6%

- Working capital / revenue, annual change: 0.1 pp

- Working capital / revenue, change between three-year averages: 0.7 pp

- Working capital / revenue, final three-year average: 20.6%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.00×

- FY2022: 0.99×

- FY2023: 1.00×

- FY2024: 0.84×

- FY2025: 6.24×

### management: fail

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: -0.1% vs -3.6%

- Per-share earnings: 9438.55 to -3325.03 (three-year endpoint medians)

- per-share value declined or ends nonpositive

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 5-year annual growth: 0.8%

- Market cap gain: KRW -859B

- Cumulative retained earnings: KRW 848B

- Diluted shares, 5-year annual growth: 0.8%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value change: KRW -13K

- Per-share value, starting three-year median: KRW 9K

- Per-share value, ending three-year median: KRW -3K

- Buybacks concentrated in cheaper years (correlation): 1.00

- Average buyback yield: 1.1%

- Buyback history: 2 years

- Debt-funded buybacks: No

- Acquisition spending: KRW 2.9B

- Cumulative net income, 10 years: KRW 1.05T

- ROIC, first three-year median: -0.1%

- ROIC, last three-year median: -3.6%

Chart: Earnings per share; fiscal year observations.

- FY2016: KRW 9K

- FY2017: KRW 14K

- FY2018: KRW 6K

- FY2019: KRW 14K

- FY2020: KRW 8K

- FY2021: KRW 7K

- FY2022: KRW 20K

- FY2023: KRW -3K

- FY2024: KRW -14K

- FY2025: KRW -464.00

### accounting: pass

- Sloan accruals: -0.9%

- Receivables to sales index (DSRI): 1.06×

- Restructuring years, last five: 0

- Earnings backed by cash: Yes

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.00×

Chart: Sloan accruals; fiscal year observations.

- FY2016: 1.5%

- FY2017: 0.9%

- FY2018: -0.5%

- FY2019: 0.2%

- FY2020: -2.8%

- FY2021: 1.2%

- FY2022: 0.4%

- FY2023: -6.7%

- FY2024: -4.4%

- FY2025: -0.9%

## Holders

## Price story

Down 54% since Nov 2022 · sales +4.4%

Story as of 2026-10-16T10:00:13.703Z; price observation 2026-10-15.

### Sales · FY2024–2025

sales +4.4%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: KRW 2.65T 

- FY2017: KRW 3.72T 

- FY2018: KRW 2.97T 

- FY2019: KRW 3.08T 

- FY2020: KRW 3.18T 

- FY2021: KRW 3.58T 

- FY2022: KRW 4.43T 

- FY2023: KRW 3.76T 

- FY2024: KRW 2.79T 

- FY2025: KRW 2.91T 

### Gross margin · FY2022

gross margin 5%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: 4.0% 

- FY2017: 7.6% 

- FY2018: 0.3% 

- FY2019: 7.1% 

- FY2020: 5.3% 

- FY2021: 3.5% 

- FY2022: 5.0% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in electronic components; annual sales are KRW 2.9 trillion.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2025-12-31 (filed 2026-10-16T07:47:26.452Z); FY2025: revenue 2908974321140; grossProfit -141815475560; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 000670.KO: Young Poong Corporation operates as a non-ferrous metal smelting company in Korea. The company offers high purity zinc ingots that are used in hot dip galvanizing, die casting alloys, electroplating and sacrificial anodes, photo engraving plates, zinc oxide, and zinc plates, as well as zinc jumbo bars for hot dip galvanizing; combination zinc bars for continuous and hot dip galvanizing; and zinc alloy ingots for use in automobiles, electric devices, toys and leisure goods, home appliances, accessories, office equipment, and communication equipment, as well as zippers, industrial machinery and tools, builders' and domestic hardware, plastic and press molds, and gears. It also provides sulfuric acid for inorganic chemicals and metal refining, as well as steel, spinning and weaving, chemical and fertilizer, fiber, and paper manufacturing industries; copper sulfate for agrichemicals, reagents, electroplating, and metallurgy; electrolytic copper cathode for brass and bronze, plates, and rods and pipes; silver-by product for photographic materials, sterling and electroplated ware, catalysts, and jewelry. The company was founded in 1949 and is headquartered in Seoul, South Korea.

### Why customers stay

It lost 0.4% on its capital.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2023-12-31 (filed 2026-10-16T07:47:26.452Z); FY2023: grossProfit / revenue = -0.7%.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2024-12-31 (filed 2026-10-16T07:47:26.452Z); FY2024: grossProfit / revenue = -1.5%.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2025-12-31 (filed 2026-10-16T07:47:26.452Z); FY2025: grossProfit / revenue = -4.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:47:26.452Z); 10-year return on capital observations [[2016,-0.00117863096173109],[2017,0.04420847891268019],[2018,-0.026281559750478467],[2019,0.023822574647151026],[2020,0.008884554109275534],[2021,-0.007264720168761829],[2022,0.018118026943450855],[2023,-0.03573051112849732],[2024,-0.03479035624392543],[2025,-0.054659517188456776]]; median -0.004221675565246459. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 7 of 7 years; bought back KRW 17.3 billion of shares.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2016-12-31 (filed 2026-10-16T07:47:26.452Z); FY2016: growth capex 0; upkeep 81485289700; owner earnings 17397031840. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2018-12-31 (filed 2026-10-16T07:47:26.452Z); FY2018: growth capex 0; upkeep 112777748090; owner earnings 171758186320. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2019-12-31 (filed 2026-10-16T07:47:26.452Z); FY2019: growth capex 0; upkeep 86383070220; owner earnings 315788503380. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2020-12-31 (filed 2026-10-16T07:47:26.452Z); FY2020: growth capex 0; upkeep 106419049540; owner earnings 167978804300. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2021-12-31 (filed 2026-10-16T07:47:26.452Z); FY2021: growth capex 38948271870; upkeep 104243588000; owner earnings 123706134680. Growth capex / owner earnings = 0.31484511233618634.

- Source: https://eodhd.com/api/fundamentals/000670.KO.json#2022-12-31 (filed 2026-10-16T07:47:26.452Z); FY2022: growth capex 197958438960; upkeep 122374756000; owner earnings 363217608723.45776. Growth capex / owner earnings = 0.5450133314178587.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:47:26.452Z); Dividend observations: [[2016,19526962450],[2017,18691395660],[2018,17201340000],[2019,17201340000],[2020,17201340000],[2021,17201340000],[2022,17201340000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:47:26.452Z); FY2025: cash repurchases 17251921736.25192 KRW.

### Are managers owners

Insiders own 71.5% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 000670.KO SharesStats.PercentInsiders = 71.509 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.2 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:47:26.452Z); Closing price 32850 KRW; reporting-to-trading FX 1; FY2025 annual sales per share 162572.48391655492; price multiple 0.20206371464965267. FY2025 cash earnings/share -2895.544663972765. Closing-price date 2026-10-15.

## Monthly share-price history (KRW per share)

- 2016-11: KRW 97,647.50 per share

- 2016-12: KRW 99,327.86 per share

- 2017-01: KRW 101,755.04 per share

- 2017-02: KRW 92,419.72 per share

- 2017-03: KRW 89,712.47 per share

- 2017-04: KRW 88,032.12 per share

- 2017-05: KRW 98,020.91 per share

- 2017-06: KRW 109,036.59 per share

- 2017-07: KRW 115,571.32 per share

- 2017-08: KRW 115,291.27 per share

- 2017-09: KRW 102,408.52 per share

- 2017-10: KRW 103,902.16 per share

- 2017-11: KRW 110,530.25 per share

- 2017-12: KRW 100,261.39 per share

- 2018-01: KRW 98,954.45 per share

- 2018-02: KRW 94,193.43 per share

- 2018-03: KRW 85,604.93 per share

- 2018-04: KRW 78,790.14 per share

- 2018-05: KRW 75,242.72 per share

- 2018-06: KRW 74,869.30 per share

- 2018-07: KRW 71,041.82 per share

- 2018-08: KRW 67,774.46 per share

- 2018-09: KRW 72,162.06 per share

- 2018-10: KRW 61,333.09 per share

- 2018-11: KRW 67,587.75 per share

- 2018-12: KRW 69,548.17 per share

- 2019-01: KRW 71,695.30 per share

- 2019-02: KRW 73,749.07 per share

- 2019-03: KRW 74,682.60 per share

- 2019-04: KRW 72,348.77 per share

- 2019-05: KRW 65,720.69 per share

- 2019-06: KRW 67,214.34 per share

- 2019-07: KRW 63,200.15 per share

- 2019-08: KRW 52,557.88 per share

- 2019-09: KRW 56,758.77 per share

- 2019-10: KRW 56,852.13 per share

- 2019-11: KRW 58,905.90 per share

- 2019-12: KRW 60,212.84 per share

- 2020-01: KRW 58,439.13 per share

- 2020-02: KRW 55,451.83 per share

- 2020-03: KRW 44,529.50 per share

- 2020-04: KRW 48,637.04 per share

- 2020-05: KRW 47,610.16 per share

- 2020-06: KRW 43,175.88 per share

- 2020-07: KRW 48,730.39 per share

- 2020-08: KRW 45,696.41 per share

- 2020-09: KRW 43,782.67 per share

- 2020-10: KRW 45,136.30 per share

- 2020-11: KRW 47,516.80 per share

- 2020-12: KRW 50,224.05 per share

- 2021-01: KRW 48,170.28 per share

- 2021-02: KRW 57,879.02 per share

- 2021-03: KRW 54,331.59 per share

- 2021-04: KRW 63,386.86 per share

- 2021-05: KRW 65,440.63 per share

- 2021-06: KRW 60,399.55 per share

- 2021-07: KRW 63,946.98 per share

- 2021-08: KRW 66,654.22 per share

- 2021-09: KRW 62,266.62 per share

- 2021-10: KRW 64,040.33 per share

- 2021-11: KRW 58,999.25 per share

- 2021-12: KRW 61,146.38 per share

- 2022-01: KRW 57,785.66 per share

- 2022-02: KRW 60,866.32 per share

- 2022-03: KRW 64,413.74 per share

- 2022-04: KRW 63,760.27 per share

- 2022-05: KRW 62,920.09 per share

- 2022-06: KRW 48,917.10 per share

- 2022-07: KRW 51,250.93 per share

- 2022-08: KRW 65,067.21 per share

- 2022-09: KRW 59,559.37 per share

- 2022-10: KRW 58,812.55 per share

- 2022-11: KRW 71,415.23 per share

- 2022-12: KRW 56,478.71 per share

- 2023-01: KRW 58,345.78 per share

- 2023-02: KRW 58,159.07 per share

- 2023-03: KRW 54,238.24 per share

- 2023-04: KRW 53,304.70 per share

- 2023-05: KRW 49,103.81 per share

- 2023-06: KRW 53,398.06 per share

- 2023-07: KRW 53,678.12 per share

- 2023-08: KRW 50,877.52 per share

- 2023-09: KRW 47,983.57 per share

- 2023-10: KRW 43,829.35 per share

- 2023-11: KRW 47,610.16 per share

- 2023-12: KRW 48,170.28 per share

- 2024-01: KRW 49,290.52 per share

- 2024-02: KRW 47,050.04 per share

- 2024-03: KRW 44,062.73 per share

- 2024-04: KRW 38,228.16 per share

- 2024-05: KRW 33,653.85 per share

- 2024-06: KRW 31,646.75 per share

- 2024-07: KRW 29,359.60 per share

- 2024-08: KRW 29,452.95 per share

- 2024-09: KRW 33,280.43 per share

- 2024-10: KRW 37,341.30 per share

- 2024-11: KRW 39,115.01 per share

- 2024-12: KRW 37,330.10 per share

- 2025-01: KRW 40,582.52 per share

- 2025-02: KRW 41,165.05 per share

- 2025-03: KRW 40,145.63 per share

- 2025-04: KRW 35,970.88 per share

- 2025-05: KRW 38,786.41 per share

- 2025-06: KRW 41,699.03 per share

- 2025-07: KRW 41,262.14 per share

- 2025-08: KRW 36,796.12 per share

- 2025-09: KRW 45,194.18 per share

- 2025-10: KRW 47,572.82 per share

- 2025-11: KRW 66,504.85 per share

- 2025-12: KRW 47,500.00 per share

- 2026-01: KRW 64,900.00 per share

- 2026-02: KRW 64,600.00 per share

- 2026-03: KRW 55,600.00 per share

- 2026-04: KRW 65,900.00 per share

- 2026-05: KRW 51,700.00 per share

- 2026-06: KRW 39,500.00 per share

- 2026-07: KRW 33,650.00 per share

- 2026-08: KRW 40,000.00 per share

- 2026-09: KRW 41,250.00 per share

- 2026-10: KRW 36,375.00 per share

## Annual estimated value (KRW per share)

- FY2016: low KRW 66,468.99 per share, central KRW 73,728.53 per share, high KRW 83,392.52 per share

- FY2017: low KRW 80,468.84 per share, central KRW 89,396.83 per share, high KRW 101,281.88 per share

- FY2018: low KRW 132,556.16 per share, central KRW 147,604.52 per share, high KRW 167,637.08 per share

- FY2019: low KRW 139,675.28 per share, central KRW 155,294.39 per share, high KRW 176,086.75 per share

- FY2020: low KRW 139,842.34 per share, central KRW 154,559.28 per share, high KRW 174,150.66 per share

- FY2021: low KRW 150,837.14 per share, central KRW 167,397.00 per share, high KRW 189,441.68 per share

- FY2022: low KRW 172,048.32 per share, central KRW 193,128.84 per share, high KRW 221,191.49 per share

- FY2023: low KRW 138,357.44 per share, central KRW 154,700.07 per share, high KRW 176,455.57 per share

- FY2024: low KRW 84,934.21 per share, central KRW 92,866.37 per share, high KRW 103,425.75 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations