Last 11,700 KRW
Change Today -50.00 / -0.43%
Volume 247.0K
073240 On Other Exchanges
Symbol
Exchange
Korea SE
OTC US
As of 2:25 AM 07/14/14 All times are local (Market data is delayed by at least 15 minutes).

kumho tire co inc (073240) Snapshot

Open
11,750
Previous Close
11,750
Day High
11,850
Day Low
11,550
52 Week High
02/14/14 - 14,850
52 Week Low
08/22/13 - 9,960
Market Cap
1.7T
Average Volume 10 Days
271.4K
EPS TTM
756.00
Shares Outstanding
147.9M
EX-Date
12/29/10
P/E TM
15.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for KUMHO TIRE CO INC (073240)

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kumho tire co inc (073240) Details

Kumho Tire Co., Inc. manufactures and sells tires in South Korea and internationally. It provides tires for passenger cars, SUVs, trucks, and buses, as well as for motor sports and combat planes. The company was founded in 1960 and is headquartered in Gwangju, South Korea.

Founded in 1960

kumho tire co inc (073240) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

kumho tire co inc (073240) Key Developments

Kumho Tire Resumes Plan to Open Production Plant in United States

Kumho Tire said that it has resumed its plan to open a production plant in the United States that has been suspended for six years. In 2008, Kumho set out to invest USD 165 million to build a plant in Georgia that can churn out 2.1 million tires annually, but it called off the plan when the company went into a debt workout program the following year.

Yokohama and Kumho Enter into Technological Alliance

Yokohama Rubber and Kumho Tire have signed a master technological alliance agreement that defines the framework and purpose of the firms' proposed technology alliance. The agreement follows the signing of a memorandum of understanding (MoU) by the two parties in November 2013. It paves the way for further discussion of the details of the proposed technology tie-up between the two companies, including methods for obtaining each other's shares, the size of cross-shareholdings, the timing of acquisition, technology exchanges, and sharing of research and development (R&D) resources. Through the cross-ownership and technology exchanges, Yokohama Rubber and Kumho Tire are aiming to strengthen their competitive edge and build on future growth potential in the global tyre market. Sharing of R&D information and resources will help the companies accelerate the pace of new product developments in the field of tyres - the core business of both the companies - and other related technologies.

Kumho Tire Reports Earnings Results for the Fourth Quarter and Full-Year Ended December 31, 2013

Kumho Tire reported earnings results for the fourth quarter and full-year ended December 31, 2013. For the quarter ended December 31, 2013, the company's operating profit surged 13% year on year (y/y) to KRW 98.9 billion (USD 91.7 million) from KRW 87.5 billion during the same period a year ago. The company's sales revenue during the quarter rose marginally, by 0.2% year on year to KRW 929.2 billion from KRW 927.2 million. The company's profitability in the fourth quarter of 2013 was backed by a drop in the prices of raw materials as well as increased sales of the company's winter tyres. However, overall sales for the full year contracted owning to stiffer competition and thus, resulted in negative earnings. For the full-year 2013, the company's operating profit fell 7.2% year on year to KRW 348.3 billion, from KRW 375.3 billion in 2012. Sales revenue slid 9.3% year on year to KRW 3.7 trillion from KRW 4.1 trillion, while the company's bottom-line stood at KRW 117.3 billion, down 10.2% year on year from KRW 130.6 billion in 2012.

 

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073240:KS 11,700.00 KRW -50.00

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Goodyear Tire & Rubber Co/The $27.70 USD +0.07
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Industry Analysis

073240

Industry Average

Valuation 073240 Industry Range
Price/Earnings 18.7x
Price/Sales 0.5x
Price/Book 1.7x
Price/Cash Flow 13.8x
TEV/Sales NM Not Meaningful
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