Maeil Dairy Industry Co., Ltd
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Maeil Dairy Industry Co., Ltd Financial Snapshot
Operating Performance
Fast Facts
98-5, Unnee-Dong, Seoul, 110-350,South The company reported revenue of US$941.72 million
Headquarters Address
Korea during the fiscal year 2010 (2010). The company's
revenue grew at a CAGR of 3.91% during 2006–
Telephone + 82 2 21272114
2010, with an annual growth of 14.35% over 2009. In
2010, the company recorded an operating margin of
Fax + 82 2 36750501 2.49%, as against 3.18% in 2009.
Website www.maeil.com
Revenue and Margins
Ticker Symbol, Stock Exchange 005990, KOSDAQ
Number of Employees 1,792
Fiscal Year End December
Revenue (in US$ million) 941.72
Revenue (in KRW million) 1,092,276.85
SWOT Analysis Return on Equity
Strengths Weaknesses The company recorded a return on equity (ROE) of
8.43% for 2010, as compared to its peers, Binggrae
Increase in Profitability Decrease in Return on Working Capital Co., Ltd. (Ticker: 005180), Namyang Dairy Products
Co.,Ltd. (Ticker: 003920) and Dean Foods Company
(Ticker: DF), which recorded ROEs of 13.08%, 9.97%
Wide Array of Products and 6.10% respectively. The company reported an
operating margin of 2.49% in 2010.
Wide Geographic Operation
Return on Equity
Opportunities Threats
Economic Recovery Food Safety Concerns
Growing Population Issues in African Countries
Rise in Labor Cost
Liquidity Position
The company reported a current ratio of 1.05 in 2010,
as compared to its peers, Binggrae Co., Ltd.,
Namyang Dairy Products Co.,Ltd. and Dean Foods
Company, which recorded current ratios of 3.29, 4.97
and 1.26 respectively. As of December 2010, the
company recorded cash and short-term investments
of worth US$26.25 million, against US$56.40 million
current debt. The company reported a debt to equity
ratio of 0.54 in 2010 as compared to its peers,
Binggrae Co., Ltd., Namyang Dairy Products Co.,Ltd.
and Dean Foods Company, which recorded debt to
equity ratios of 0.02, 0.00 and 2.71 respectively.
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Maeil Dairy Industry Co., Ltd - SWOT Profile Page 1
Maeil Dairy Industry Co., Ltd
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Revenue and Operating Profit ...........................................................................................................................9
2.2.2 Asset, Liabilities and Capex .............................................................................................................................10
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................11
2.2.4 Operational Efficiency ......................................................................................................................................12
2.2.5 Solvency ..........................................................................................................................................................13
2.3 Competitive Benchmarking ..................................................................................................................................14
2.3.1 Market Capitalization .......................................................................................................................................14
2.3.2 Efficiency ..........................................................................................................................................................15
2.3.3 Capital Expenditure ..........................................................................................................................................16
2.3.4 Turnover – Inventory and Asset .......................................................................................................................17
3 SWOT Analysis ...