KB Securities forecasted on the 24th that Pumtech Korea's revenue and operating profit will record their highest ever this year. They also adjusted the target price upward from 61,000 won to 79,500 won, maintaining the investment opinion of 'buy.' The previous trading day's closing price for Pumtech Korea was 62,800 won.
In the second quarter of this year, Pumtech Korea's revenue and operating profit are estimated to be 100.4 billion won and 14.9 billion won, respectively, up 17.4% and 17.3% from the previous year. This represents the highest quarterly performance.
As the growth of K-beauty continues, focusing on indie brands, Pumtech Korea is expanding its client portfolio based on a diverse range of container products, including pumps, tubes, compacts, and sticks. KB Securities projected that Pumtech Korea's annual revenue will reach 403.6 billion won, a 19.6% increase from the previous year, while operating profit will rise by 25.5% to 60.7 billion won, marking a record high.
Seong Hyun-dong, a researcher at KB Securities, noted, "The expansion, which had been somewhat passive in a favorable business environment, is now gaining momentum," adding, "The newly constructed fourth factory is set to be completed between September and October, and the sixth factory will also start operations in the first quarter of 2026."
Initially, indie brands tend to test market demand with relatively inexpensive tube products. Researcher Seong said, "The subsidiary, Buguk TNC, which produces tube products, is also expected to increase its production capacity for tube products by up to 20% by utilizing idle space in the factory."
He continued, "Pumtech Korea, which holds an advantage in terms of scale and product portfolio, currently has a market capitalization of 778.7 billion won, which is relatively undervalued," and added, "It is also necessary to refer to the case of the unlisted corporation Samhwa, which was recently acquired for 800 billion won, operating a similar business."