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KREDKRED
251970KOSDAQ

Pum-Tech Korea

65,500
-1,700 (-2.53%)

Price chart

  • MA5
  • MA20
  • MA60

Adjusted prices rescale past bars with coefficients taken from the base prices the exchange itself published, correcting for corporate actions such as stock splits and reverse splits. Cash dividends are not reflected, and the risk measures on this page never use these adjusted figures.

Market capitalizationKRW 100M

Each day's close multiplied by the listed share count of this share class alone, sampled weekly. It is the figure for this issue only, not a combined total across common and preferred shares.

Overview

Summary

Pum-Tech Korea was established on August 10, 2001, and is headquartered in Incheon. The company is listed on the KOSDAQ market.

The company manufactures and supplies plastic containers, including pumps, tubes, and compacts, primarily for the cosmetics industry. It also operates a health functional food business through its subsidiary Jallon Natural, distributing products via influencer platforms.

Business overview as filed

당사는 2001년 8월 10일 플라스틱 용기 제조 및 판매업을 주목적으로 설립되었습니다. 현재 화장품 용기를 전문으로 펌프 및 용기류, 튜브류, 콤팩트류, 스포이드류, 스틱류 등의 용기를 제조판매하고 있으며, 화장품 외 생활용품 등의 용기로 제품 포트폴리오를 확장해나가고 있습니다. 플라스틱 용기 제조 공정에는 크게 금형, 사출, 후가공, 조립으로 이루어져 있습니다.이 제조 공정 중 당사는 효율적인 생산 및 관리를 위하여 플라스틱 용기의 가장 기본이 되는 사출품을 종속회사를 포함한 협력업체로부터 전량 구매하여 용기를 제조하고 있습니다. 또한, 화장품 용기 산업 특성 상 제품의 라이프사이클이 짧고, 단납기 형태로 주문이 이루어지기 때문에 당사는 고객으로부터 통상적으로 공급일로부터 수일 ~ 3개월 전에 수주를 받아 제품을 공급하고 있습니다. 주요 고객은 국내외 화장품완제품 Brand 업체, ODM / OEM 업체, Sales Partner사 등이며, 당사와 튜브 용기를 제조하는 종속회사 부국티엔씨로 구성된 용기사업부의 매출액은 2025년 기준 전체 매출액 대비 약 98%의 비중을 차지하고 있습니다. 당사는 전방산업인 화장품 산업의 경기 변동에 직접적인 영향을 받고 있기 때문에 COVID-19와 같은 예기치 못한 업황의 부진에 대응하기 위해 다양한 산업의 포트폴리오를 구축한 사업다각화 전략을 펼치고 있습니다. 2021년 1월 잘론네츄럴 지분 60%를 취득함으로써 건강기능식품 유통판매업을 추가적으로 영위하게 되었으며, 2025년 9월 지분 20%를 추가 취득하였습니다. 건강기능식품 사업부의 매출액은 2025년 기준 전체 매출액 대비 약 2%의 비중을 차지하고 있습니다. 잘론네츄럴은 100% 종속회사인 인플루언서 플랫폼 '윈드랩'을 통해 다수의 인플루언서를 관리하여 네이버 블로그, 인스타그램 등과 같은 인플루언서의 SNS계정에 건강기능식품을 포함한 다양한 당사 제품을 공동구매 형태로 판매하고 있으며, 브랜드 기획력을 기반한 SNS마케팅과 커머스가 결합된 새로운 유통 구조로 향후에도 지속적인 성장을 기대하고 있습니다.

Company overview

가. 연결대상 종속회사 현황

가-1. 연결대상회사의 변동내용

나. 회사의 법적ㆍ상업적 명칭당사의 명칭은 '펌텍코리아 주식회사'라고 표기합니다.또한 영문으로는 'PUM-TECH KOREA.,LTD'라고 표기합니다.당사는 국문 약식으로 표기하는 공식명칭은 없으나 일반적으로 '펌텍코리아'라는 표기를 약식으로 주로 사용하며, 영문 약식으로는 'PUM-TECH KOREA'로 표기하고 있습니다.

다. 설립일자 및 존속기간 당사는 2001년 08월 10일 펌프 기반의 플라스틱 용기 제조 및 판매를 주 목적으로 설립 되었습니다.

라. 본사의 주소, 전화번호 및 홈페이지주 소 : 인천광역시 부평구 부평대로 329번길 46 전화번호 : 032-683-4080 홈페이지 : http//www.pumtech.com

마. 중소기업 등 해당 여부

바. 대한민국에 대리인이 있는 경우에는 이름(대표자), 주소 및 연락처

해당사항 없습니다.

사. 주요 사업의 내용 및 향후 추진하려는 신규사업에 관한 간략한 설명

당사는 펌프 기반의 플라스틱 용기를 제조 및 판매하는 회사입니다. 현재는 주로 화장품 용기를 판매하고 있으며, 향후 다양한 산업에 적용되는 용기 비중을 확대하여 제조 및 판매하고자 합니다. 당사는 고객사와의 유기적인 대응능력과 차별화된 Innovation 이력을 바탕으로 다양한 제품과 다양한 고객을 확보함으로써 안정된 매출 성장을 추구하고 있습니다. 또한, 2021년 01월 건강기능식품을 판매하는 잘론네츄럴을 인수함으로써 건강기능 식품 사업에 진출하였습니다.

아. 신용평가에 관한 사항

당사는 유가증권의 신용평가를 받은 적이 없습니다. 다만, 국내 신용평가사로부터 받은 최근 3년간 신용평가에 관한 내용은 다음과 같습니다.

자. 회사의 주권상장(또는 등록ㆍ지정) 및 특례상장에 관한 사항

Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.19), tables and figures omitted.

  • The summary is written separately from the filed text and is not the filer's wording, so it may phrase things differently from or omit parts of the original, which is shown alongside for checking.
  • The company introduction reproduces the sentences the filer wrote in its business report, with tables, figures and the sentences that point to other sections of the report omitted, and the accuracy of their content has not been separately verified.

VaR

6.09%
[4.26%, 8.85%] · As of 2026-10-02
VaR by window

The headline's measure for each of the three windows on one scale, the dot being the estimate and the bar its interval. The windows are nested and share their observations, so the three readings are not three independent measurements. The selected window is highlighted.

Daily return distribution

The issue's daily returns over the chosen window counted into equal-width bins. The vertical lines mark the VaR and cVaR above on the loss side. The published VaR sample applies exclusion rules for halts and first sessions that this raw daily series does not, so the bars and the marks can differ slightly at the edges.

Drawdown

Deepest drawdown 50.7% (2026-06-26). How far below its previous peak the issue stood each day over the chosen window, a description of the path already travelled.

If these numbers are unfamiliarThere is a guide that walks through VaR, cVaR and annualized volatility in plain language.Read the guide

Characteristic line

0.37
Beta [0.24, 0.49] · KOSDAQ150 · As of 2026-10-08
Intercept
+0.045%[-0.386%, +0.477%]
R squared
0.12
Observations
252
Trading-time corrected beta
0.12[-0.17, 0.42]
252-day rolling beta

A 252-day window rolled one day at a time over the longest daily span of the characteristic line. It shows when the beta against the KOSDAQ150 and the annualized volatility of the issue's excess return rose and fell, and unlike the headline figures above it carries no interval.

252-day rolling annualized volatility

Each point is one period's index excess return and issue excess return, and the line is the regression fitted to those points. The risk-free rate is the certificate of deposit rate.

Financials

20182019202020212022202320242025TTM
RevenueKRW 100M1,5111,7541,9682,2202,3662,8453,3753,7203,834
Revenue growth%—16.0912.2212.826.5820.2218.6310.22—
Operating incomeKRW 100M245269274261265353484565583
Operating income growth%—9.471.99-4.721.4633.2637.1516.77—
Net incomeKRW 100M208229245197200291383——
Net income growth%—10.196.98-19.451.5545.3931.58——
Attributable to ownersKRW 100M———————344—
Attributable to minoritiesKRW 100M———————56—
Operating margin%16.2415.3213.9211.7611.1912.4014.3415.1915.20
Net margin%13.7513.0512.458.898.4710.2411.36——
ROE%———————11.70—
ROA%15.667.788.576.466.308.189.40——
Debt ratio%61.6458.0127.9227.5523.4623.7927.1228.1433.92
Current ratio%158.46191.83279.54255.19291.71280.59255.33265.23236.81
Quick ratio%136.23184.37268.64232.95264.44255.77228.76243.94215.25
Reserve ratio%9,045.141,713.461,978.632,221.632,496.212,838.043,279.453,753.754,144.42
Free cash flowKRW 100M20105-197-3221210493135—
FCF margin%1.335.98-10.00-1.448.943.652.763.63—
OCF conversion%88.08109.653.98121.94146.85132.23151.82——
Capex to revenue%10.798.3310.4912.273.499.8914.4812.82—
Inventory daysdays—18.915.019.626.725.225.323.8—
EPSKRW1,7321,7141,6311,4641,5802,2062,6392,778—
PERx—10.749.6611.5410.4110.8616.4818.75—
BPSKRW—11,64214,32115,60316,97619,20321,40623,75025,687
PBRx—1.581.101.080.971.252.032.191.39
Dividend per shareKRW—330430350360380420450—
Payout ratio%—19.2526.3623.9122.7817.2315.9216.20—

Consolidated basis

Profit flowKRW 100M

Revenue
3,375
Cost of sales
2,617
Gross profit
758
Operating income
484
SG&A expenses
274
Profit before tax
481
Non-operating expenses
3
Net income
383
Income tax expense
98

This diagram traces where revenue goes at each step on its way to net income, using the filed amounts as they are. The non-operating result is taken as the difference between profit before tax and operating income and is shown as income or expense by its sign, and whatever a step's items leave unexplained is shown separately as other.

Revenue compositionKRW 100M

Margins%

Cash flow by activityKRW 100M

Balance sheet compositionKRW 100M

Debt ratio%

The left bar splits assets into current and non-current and the right bar splits the financing of those assets into liabilities and equity, so the two bars stand at the same height.

Quarterly resultsKRW 100M

Year-on-year growth%

Each quarterly bar is that quarter's three months and is never mixed with an annual figure. The growth rate is computed only where the same quarter a year earlier is also shown here, and is left blank when the base was a loss.

Cash conversion cycledays

Free cash flow breakdownKRW 100M

Inventory days and receivable days stack upward, payable days hang downward, and the cash conversion cycle they net to is drawn as the line. Each day count uses the average balance with the prior year, so the oldest year is not drawn. A day count whose line was not filed is left out, and the cycle is shown only for years that carry all three.

Free cash flow is cash from operating activities less spending on property, plant and equipment, and all three bars keep the sign as filed.

Owners' net margin%

Asset turnoverx

Financial leveragex

ROE%

ROE is the product of the owners' net margin, asset turnover and financial leverage. All three use period-end balances as denominators, and profit and equity are on the owners' basis, so the product matches the ROE in the table.

Financial statements

Balance sheet

20182019202020212022202320242025
1,3272,9422,8583,0533,1823,5614,0764,553
5061,0806246596056848691,000
8211,8622,2342,3942,5782,8773,2063,553

Income statement

20182019202020212022202320242025
1,5111,7541,9682,2202,3662,8453,3753,720
245269274261265353484565
251265276275251374481536
208229245197200291383Not applicable
Basic earnings per shareKRW1,7321,7141,6311,4641,5802,2062,6392,778
Diluted earnings per shareKRWNot applicableNot applicableNot applicableNot applicableNot applicableNot applicableNot applicable2,778
203241251214226274Not applicableNot applicable

Cash flow statement

20182019202020212022202320242025
Net incomefrom the income statement208229245197200291383—
Total adjustments to operating cash flowcomputed-2522-235439494199—
18325110241294385582612
-174-1,18368-106-129-383-549-618
8682-91-131-78225120
Cash at beginning of periodKRW 100M17973147133175259263324
73147133175259263324439
Net change in cash and cash equivalentsKRW 100M18-250-14387458Not applicable

In the latest fiscal year operating and financing activities brought cash in while investing activities spent it.

A year whose own filing is absent is filled from the restated comparative in the following filing, and is marked as such. Operating indicators outside the statements, such as order backlogs, and audit opinions are not covered here, and per-share figures follow the filed values without retroactive adjustment for share splits.

Transcribed verbatim from the sentences the filer wrote in the fiscal {year} business report (received {date}), with tables, figures and cross-references to other sections omitted.

The newest annual filing shown was received on 2026.03.19.

Audit opinion

Fiscal yearOpinionAuditorFiscal year end
2025적정의견Term 25우리회계법인2025-12-31
2024적정의견Term 24우리회계법인2025-12-31
2023적정의견Term 23우리회계법인2025-12-31
2022적정Term 22우리회계법인2022-12-31
2021적정Term 21우리회계법인2022-12-31
2020적정Term 20우리회계법인2022-12-31
2019적정Term 19우리회계법인2019-12-31
2018적정Term 18삼정회계법인(지정)2019-12-31
2017한정Term 17삼정회계법인(지정)2019-12-31

The auditor's name and the opinion are transcribed verbatim from the filed audit report, and the wording follows the filer. A fiscal year shown twice means the filing carried two entries that the source does not distinguish.

Korean audit opinions come in four kinds, where an unqualified opinion (적정) finds the statements fairly presented, a qualified opinion (한정) does so except for a stated matter, an adverse opinion (부적정) finds them not fairly presented, and a disclaimer of opinion (의견거절) means the auditor could not obtain enough evidence to form a view.

Valuation

Valuation multiplesx

PER and PBR divide each period's closing price by the per-share figure filed for that same period, and a loss period is left blank. The quarterly view is a multiple of quarterly EPS.

Dividend historyKRW

The dividend-per-share bars are restated onto the current share basis for splits and par-value changes. The payout ratio and the dividend yield divide figures filed for the same period and are left unadjusted.

Payout ratio and dividend yield%

PER bandKRW

The price is the adjusted close and each band line multiplies the EPS of the latest completed fiscal year by a fixed multiple. The previous year's EPS stays in force until the next fiscal year ends, and the multiples divide the range between the lowest and highest annual PER on record into equal steps.

Valuation models

Five models priced under one set of assumptions, set beside the current price, with how each has moved by fiscal year.

Assumptions

Risk-free rate10-year treasury yield · 2026-10-084.40%
BetaDaily 5Y0.36
%
%
Cost of equity6.19%
Weighted average cost of capital6.03%
Initial growth9.8%
Effective tax rate25.3%
Base fiscal year2025
Current priceKRW65,500

The risk premium and the terminal growth rate are adjustable assumptions, and the rest follow from the data and the formulas.

ModelModel priceKRWVersus current price
Gordon growth model10,959-83.3%
Dividend discount model DDM13,107-80.0%
Discounted cash flow FCFF34,136-47.9%
Discounted cash flow FCFE77,047+17.6%
Residual income model RIM64,633-1.3%
The table prices the newest fiscal year's accounts at today's treasury yield and the current price.

Dividend and residual income familyKRW

Discounted cash flow familyKRW

Each fiscal year's figures use that year's accounts and the treasury yield at its period end, with beta held at its current value, and splits or par changes are restated to the current share basis.

How the figures are calculated

Each model's formula is shown in symbols and then with this issue's own numbers substituted, step by step. Changing a value in the assumptions panel changes the numbers here too. Firm-level amounts are in hundred million won and per-share values in won.

Cost of equity

r=rf+β×ERPr = r_f + \beta \times \mathit{ERP}

r = 4.40% + 0.36 × 5.00% = 6.19%

Initial growth

g1=max⁡{ROE×(1−payout), 0},gt=g1+(gT−g1) t−1N−1g_1 = \max\{\mathit{ROE} \times (1 - \text{payout}),\,0\},\qquad g_t = g_1 + (g_T - g_1)\,\frac{t-1}{N-1}

g_1 = max(11.70% × (1 − 16.20%), 0) = 9.80%

Growth starts at this value in the first year and falls by equal steps each year to reach the terminal rate in the fifth

Gordon growth model

P0=D0 (1+gT)r−gTP_0 = \frac{D_0\,(1 + g_T)}{r - g_T}

P_0 = 450 × (1 + 2.00%) / (6.19% − 2.00%) = 459 / 0.0419 = 10,959 KRW

Dividend discount model DDM

P0=∑t=1NDt(1+r)t+DN(1+gT)(r−gT) (1+r)N,Dt=Dt−1(1+gt)P_0 = \sum_{t=1}^{N} \frac{D_t}{(1+r)^t} + \frac{D_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad D_t = D_{t-1}(1+g_t)

D_0 = 450, g_1 = 9.80%, g_T = 2.00%, r = 6.19%

YearGrowthDividend KRWDiscount factorPresent value KRW
19.80%4940.9417465
27.85%5330.8868473
35.90%5640.8352471
43.95%5870.7865461
52.00%5980.7407443
Terminal value2.00%14,5720.740710,793
Total13,107

P_0 = 13,107 KRW

Residual income model RIM

P0=B0+∑t=1NRIt(1+r)t+RIN(1+gT)(r−gT) (1+r)N,RIt=(ROE−r) Bt−1P_0 = B_0 + \sum_{t=1}^{N} \frac{\mathit{RI}_t}{(1+r)^t} + \frac{\mathit{RI}_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad \mathit{RI}_t = (\mathit{ROE} - r)\,B_{t-1}

B_0 = 23,750 KRW, ROE = 11.70%, payout ratio = 16.20%, r = 6.19%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
123,7502,7781,4701,3080.94171,232
226,0783,0501,6141,4360.88681,274
328,6343,3491,7721,5770.83521,317
431,4403,6771,9461,7310.78651,362
534,5214,0372,1361,9010.74071,408
Terminal value46,2980.740734,291

P_0 = 23,750 + 6,592 + 34,291 = 64,633 KRW

Discounted cash flow FCFF

FCFF0=CFO−CapEx+Int (1−τ),WACC=ED+E r+DD+E kd (1−τ)\mathit{FCFF}_0 = \mathit{CFO} - \mathit{CapEx} + \mathit{Int}\,(1-\tau),\qquad \mathit{WACC} = \frac{E}{D+E}\,r + \frac{D}{D+E}\,k_d\,(1-\tau)

Base-year cash flow FCFF

FCFF_0 = 611.8 − 476.7 + 7.9 × (1 − 25.29%) = 141.0 KRW hundred million

Weighted average cost of capital

E = 8,122.0, D = 478.0 KRW hundred million; equity weight = 94.44%, debt weight = 5.56%; cost of debt k_d = 4.40%

WACC = 94.44% × 6.19% + 5.56% × 4.40% × (1 − 25.29%) = 6.03%

Vfirm=∑t=1NFCFFt(1+WACC)t+FCFFN(1+gT)(WACC−gT) (1+WACC)N,FCFFt=FCFFt−1(1+gt),P0=Vfirm−D+CashSharesV_{\text{firm}} = \sum_{t=1}^{N} \frac{\mathit{FCFF}_t}{(1+\mathit{WACC})^t} + \frac{\mathit{FCFF}_N (1+g_T)}{(\mathit{WACC} - g_T)\,(1+\mathit{WACC})^N},\qquad \mathit{FCFF}_t = \mathit{FCFF}_{t-1}(1+g_t),\qquad P_0 = \frac{V_{\text{firm}} - D + \text{Cash}}{\text{Shares}}
YearGrowthCash flow KRW hundred millionDiscount factorPresent value KRW hundred million
19.80%154.80.9432146.0
27.85%167.00.8895148.5
35.90%176.80.8390148.3
43.95%183.80.7913145.4
52.00%187.50.7463139.9
Terminal value2.00%4,748.70.74633,544.0
Total4,272.3

Firm value = 4,272.3; less borrowings 478.0; plus cash 438.7 → 4,232.9 KRW hundred million

P_0 = 4,232.9 KRW hundred million ÷ 12,400,000 (shares) = 34,136 KRW

Discounted cash flow FCFE

FCFE0=CFO−CapEx+ΔD,P0=1Shares[∑t=1NFCFEt(1+r)t+FCFEN(1+gT)(r−gT) (1+r)N],FCFEt=FCFEt−1(1+gt)\mathit{FCFE}_0 = \mathit{CFO} - \mathit{CapEx} + \Delta D,\qquad P_0 = \frac{1}{\text{Shares}}\left[\sum_{t=1}^{N} \frac{\mathit{FCFE}_t}{(1+r)^t} + \frac{\mathit{FCFE}_N (1+g_T)}{(r - g_T)\,(1+r)^N}\right],\qquad \mathit{FCFE}_t = \mathit{FCFE}_{t-1}(1+g_t)

Base-year cash flow FCFE

FCFE_0 = 611.8 − 476.7 + 192.9 (net borrowing) = 328.0 KRW hundred million

YearGrowthCash flow KRW hundred millionDiscount factorPresent value KRW hundred million
19.80%360.20.9417339.2
27.85%388.40.8868344.5
35.90%411.40.8352343.6
43.95%427.60.7865336.3
52.00%436.20.7407323.0
Terminal value2.00%10,622.10.74077,867.3
Total9,553.9

P_0 = 9,553.9 KRW hundred million ÷ 12,400,000 (shares) = 77,047 KRW

The cost of equity is the risk-free rate plus beta times the equity risk premium. Initial growth is the newest fiscal year's return on equity times its retention ratio, floored at zero, and falls by equal steps from that value in the first year to the terminal rate in the fifth. Only the Gordon model grows at the terminal rate from the start. Discounted cash flow starts from operating cash flow less capital expenditure, where FCFF adds after-tax interest paid and discounts at the weighted average cost of capital, and FCFE adds net borrowing and discounts at the cost of equity. The residual income model adds to book value per share the present value of earnings above the equity charge.

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