POSCO Holdings Inc. (PKX) 10-Year Financial Performance & Capital Metrics

PKX • • Industrial / General

Basic MaterialsSteelIntegrated Steel ProducersMajor Integrated Steel Mills

AboutPOSCO Holdings Inc., together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium. It also engages in the design, manufacture, and construction of steel mills and their facilities, and commercial and residential facilities; export and import of raw materials, as well as provision of supply and purchase transactions between domestic and foreign companies, and various steel products; power generation activities; and provision of network, system integration, and logistics services. In addition, the company is involved in the engineering and construction; research and consulting; architectural design and supervision; investment in venture, energy, and technology industries; electronic commerce; intellectual property services and consulting; transporting and warehousing; real estate development, rental, sale, and management; and education and real estate business. Further, it engages in the resource development; mine development; business facility maintenance; fuel cell; iron ore and coal sales; anode reproduction; and cargo handling business, as well as operates housing business agency. Additionally, the company is involved in the IT service and DVR; electric control engineering; forest resources development; refractory materials sales and furnace maintenance; quicklime manufacturing and sales; wastewater treatment operation and maintenance; rice processing; grain sales; and social enterprise businesses. POSCO Holdings Inc. was incorporated in 1968 and is headquartered in Pohang, South Korea.Show more

Revenue $72688.14B -5.8%
EBITDA $6488.43B -12.9%
Net Income $1094.92B -35.5%
EPS (Diluted) 3062.50 -45.3%
Gross Margin 7.41% -10.5%
EBITDA Margin 8.93% -7.6%
Operating Margin 3.44% -26.3%
Net Margin 1.51% -31.6%
ROE 1.81% -37.2%
ROIC 2.34% -34.2%
Debt/Equity 0.44 +0.7%
Interest Coverage 2.20 -39.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 3.4%
✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Shares diluted 17.8% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.16%

5Y2.46%

3Y-1.62%

TTM-4.74%

Profit (Net Income) CAGR

10Y5.64%

5Y-9.81%

3Y-45.1%

TTM-65.47%

EPS CAGR

10Y5.01%

5Y-11.7%

3Y-47.65%

TTM-63.63%

ROCE

10Y Avg6.63%

5Y Avg6.72%

3Y Avg4.97%

Latest3.14%

Peer Comparison

Major Integrated Steel Mills

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MTArcelorMittal S.A.	36.82B	48.41	28.65	-8.54%	4.23%	4.56%	1.21%	0.23
NUENucor Corporation	40B	174.79	20.66	-11.47%	5.18%	7.54%	2.01%	0.32
GGBGerdau S.A.	5.26B	4.18	1.92	-2.74%	4.31%	5.48%	100%	0.26
PKXPOSCO Holdings Inc.	17.86B	59.03	0.02	-5.76%	0.65%	0.73%		0.44
CLFCleveland-Cliffs Inc.	8.15B	14.30	-9.11	-12.78%	-9%	-29.37%		1.13

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	58.19T	53.08T	60.66T	64.98T	64.37T	57.79T	76.33T	84.75T	77.13T	72.69T
Revenue Growth %	-0.1%	-0.09%	0.14%	0.07%	-0.01%	-0.1%	0.32%	0.11%	-0.09%	-0.06%
Cost of Goods Sold+	51.68T	46.42T	52.32T	57.03T	58.14T	53.09T	64.47T	77.13T	70.74T	67.3T
COGS % of Revenue	0.89%	0.87%	0.86%	0.88%	0.9%	0.92%	0.84%	0.91%	0.92%	0.93%
Gross Profit+	6.51T	6.67T	8.34T	7.95T	6.23T	4.71T	11.86T	7.62T	6.39T	5.39T
Gross Margin %	0.11%	0.13%	0.14%	0.12%	0.1%	0.08%	0.16%	0.09%	0.08%	0.07%
Gross Profit Growth %	-0.1%	0.02%	0.25%	-0.05%	-0.22%	-0.24%	1.52%	-0.36%	-0.16%	-0.16%
Operating Expenses+	4.1T	3.82T	3.72T	2.18T	2.12T	2.04T	2.3T	2.45T	2.79T	2.88T
OpEx % of Revenue	0.07%	0.07%	0.06%	0.03%	0.03%	0.04%	0.03%	0.03%	0.04%	0.04%
Selling, General & Admin	3.41T	3.21T	3.09T	1.92T	1.94T	1.85T	2.14T	2.24T	2.35T	2.49T
SG&A % of Revenue	0.06%	0.06%	0.05%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Research & Development	491.68B	506.83B	554.43B	108.35B	110.31B	116.27B	123.09B	179.71B	175.17B	207.56B
R&D % of Revenue	0.01%	0.01%	0.01%	0%	0%	0%	0%	0%	0%	0%
Other Operating Expenses	-417.37B	-427.93B	72.45B	152.31B	70.29B	66.22B	27.18B	34.62B	265.91B	185.13B
Operating Income+	2.41T	2.84T	4.62T	5.77T	4.11T	2.67T	9.57T	5.17T	3.6T	2.5T
Operating Margin %	0.04%	0.05%	0.08%	0.09%	0.06%	0.05%	0.13%	0.06%	0.05%	0.03%
Operating Income Growth %	-0.04%	0.18%	0.62%	0.25%	-0.29%	-0.35%	2.58%	-0.46%	-0.3%	-0.31%
EBITDA+	5.57T	6T	7.91T	9.03T	7.57T	6.29T	13.15T	8.87T	7.45T	6.49T
EBITDA Margin %	0.1%	0.11%	0.13%	0.14%	0.12%	0.11%	0.17%	0.1%	0.1%	0.09%
EBITDA Growth %	-0.02%	0.08%	0.32%	0.14%	-0.16%	-0.17%	1.09%	-0.33%	-0.16%	-0.13%
D&A (Non-Cash Add-back)	3.16T	3.15T	3.29T	3.27T	3.46T	3.62T	3.58T	3.69T	3.84T	3.98T
EBIT	2.41T	2.84T	4.57T	5.48T	3.79T	2.35T	9.25T	4.84T	3.25T	2.12T
Net Interest Income+	-771.69B	-495.61B	-487.69B	-474.08B	-428.77B	-275.05B	-153.1B	-349.73B	-491.8B	-514.09B
Interest Income	217.74B	189.89B	204.63B	343.36B	341.63B	342.98B	303.18B	239.66B	494.76B	624.61B
Interest Expense	989.43B	685.51B	692.32B	817.44B	770.4B	618.03B	456.28B	589.39B	986.55B	1.14T
Other Income/Expense	-2.23T	-1.41T	-442.14B	-2.2T	-1.06T	-645.85B	-152.07B	-1.16T	-969.05B	-1.25T
Pretax Income+	180.76B	1.43T	4.18T	3.56T	3.05T	2.03T	9.42T	4.01T	2.64T	1.25T
Pretax Margin %	0%	0.03%	0.07%	0.05%	0.05%	0.04%	0.12%	0.05%	0.03%	0.02%
Income Tax+	276.94B	384.69B	1.21T	1.67T	1.07T	236.93B	2.22T	453.88B	789.3B	303.62B
Effective Tax Rate %	1%	0.95%	0.67%	0.47%	0.6%	0.79%	0.7%	0.78%	0.64%	0.88%
Net Income+	180.65B	1.36T	2.79T	1.69T	1.84T	1.6T	6.62T	3.14T	1.7T	1.09T
Net Margin %	0%	0.03%	0.05%	0.03%	0.03%	0.03%	0.09%	0.04%	0.02%	0.02%
Net Income Growth %	-0.71%	6.55%	1.05%	-0.39%	0.09%	-0.13%	3.13%	-0.52%	-0.46%	-0.36%
Net Income (Continuing)	-96.18B	1.05T	2.97T	1.89T	1.98T	1.79T	7.2T	3.56T	1.85T	947.58B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.83T	3.46T	3.73T	3.39T	3.32T	3.34T	4.38T	5.75T	5.45T	6.06T
EPS (Diluted)+	461.25	4156.75	8510.00	5283.00	5705.50	5041.00	21344.00	9781.25	5595.25	3062.50
EPS Growth %	-0.75%	8.01%	1.05%	-0.38%	0.08%	-0.12%	3.23%	-0.54%	-0.43%	-0.45%
EPS (Basic)	461.25	4156.75	8510.00	5283.00	5705.50	5041.00	21832.50	10364.00	5595.25	3612.75
Diluted Shares Outstanding	319.98M	319.99M	319.99M	320M	320.46M	316.48M	306.75M	315.62M	303.48M	357.52M
Basic Shares Outstanding	319.98M	319.99M	319.99M	320M	320.46M	316.48M	302.78M	303.26M	303.48M	357.54M
Dividend Payout Ratio	4.55%	0.52%	0.31%	0.43%	0.52%	0.41%	0.2%	0.39%	0.48%	0.77%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	29.18T	29.3T	31.13T	33.65T	34.84T	35.83T	46.62T	47.65T	46.73T	43.42T
Cash & Short-Term Investments	8.69T	7.62T	9.66T	10.68T	12.46T	16.36T	18.16T	18.74T	17.91T	14.8T
Cash Only	4.87T	2.45T	2.61T	2.64T	3.51T	4.75T	4.78T	8.05T	6.67T	6.77T
Short-Term Investments	3.82T	5.18T	7.05T	8.03T	8.95T	11.61T	13.38T	10.69T	11.24T	8.03T
Accounts Receivable	11.22T	11.27T	10.61T	10.7T	10.69T	9.67T	12.18T	12.11T	11.04T	10.84T
Days Sales Outstanding	70.38	77.46	63.82	60.13	60.63	61.07	58.26	52.17	52.24	54.43
Inventory	8.23T	9.05T	9.95T	11.5T	10.92T	9.05T	15.22T	15.47T	14.56T	14.14T
Days Inventory Outstanding	58.09	71.18	69.42	73.6	68.56	62.24	86.14	73.22	75.12	76.71
Other Current Assets	2.39T	2.6T	2.39T	89.94B	81.5B	213.93B	98.54B	147.8B	2.28T	3.38T
Total Non-Current Assets+	51.23T	50.46T	47.9T	44.6T	44.22T	43.26T	44.85T	50.76T	54.75T	59.98T
Property, Plant & Equipment	34.67T	33.93T	31.88T	30.21T	30T	29.4T	29.66T	31.88T	35.37T	39.85T
Fixed Asset Turnover	1.68x	1.56x	1.90x	2.15x	2.15x	1.97x	2.57x	2.66x	2.18x	1.82x
Goodwill	1.46T	1.38T	1.35T	1.13T	1.1T	903.89B	735.97B	442.49B	403.17B	357.85B
Intangible Assets	4.79T	4.55T	4.4T	3.85T	3.73T	3.32T	3.37T	4.22T	4.15T	4.32T
Long-Term Investments	6.19T	6.44T	5.47T	5.3T	5.53T	5.44T	6.45T	7.19T	7.59T	4.76T
Other Non-Current Assets	2.79T	2.68T	3.13T	2.73T	2.61T	2.86T	3.2T	3.52T	3.88T	10.69T
Total Assets+	80.41T	79.76T	79.02T	78.25T	79.06T	79.09T	91.47T	98.41T	101.49T	103.4T
Asset Turnover	0.72x	0.67x	0.77x	0.83x	0.81x	0.73x	0.83x	0.86x	0.76x	0.70x
Asset Growth %	-0.06%	-0.01%	-0.01%	-0.01%	0.01%	0%	0.16%	0.08%	0.03%	0.02%
Total Current Liabilities+	20.13T	18.92T	18.95T	18.94T	16.32T	16.85T	21.08T	23.19T	22.47T	22.78T
Accounts Payable	4.11T	4.93T	4.27T	4.79T	4.26T	4.56T	6.5T	6.94T	6.96T	6.16T
Days Payables Outstanding	29.02	38.75	29.76	30.65	26.72	31.32	36.82	32.86	35.9	33.4
Short-Term Debt	12.37T	10.19T	11.27T	10.29T	7.06T	7.61T	7.84T	9.61T	9.97T	11.12T
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	486K
Other Current Liabilities	2.82T	3.06T	2.69T	1.05T	2.63T	1.9T	2.1T	3.72T	2.67T	3.95T
Current Ratio	1.45x	1.55x	1.64x	1.78x	2.13x	2.13x	2.21x	2.05x	2.08x	1.91x
Quick Ratio	1.04x	1.07x	1.12x	1.17x	1.47x	1.59x	1.49x	1.39x	1.43x	1.29x
Cash Conversion Cycle	99.45	109.89	103.49	103.07	102.47	91.98	107.58	92.53	91.46	97.74
Total Non-Current Liabilities+	15.21T	15.01T	12.61T	12.55T	14.94T	14.56T	15.58T	16.96T	19.42T	19.17T
Long-Term Debt	12.85T	12.51T	9.79T	9.92T	11.89T	11.82T	12.91T	12.39T	15.01T	14.88T
Capital Lease Obligations	14.41B	89.89B	75.25B	84.6B	526.29B	495.13B	596.24B	674.1B	760.37B	744.5B
Deferred Tax Liabilities	1.68T	1.64T	1.9T	1.69T	1.69T	1.32T	1.27T	2.92T	2.76T	2.69T
Other Non-Current Liabilities	646.51B	746.17B	2.75T	814.59B	801.91B	903.53B	775.98B	950.67B	879.33B	853.83B
Total Liabilities	35.34T	33.92T	31.56T	31.49T	31.26T	31.41T	36.67T	40.15T	41.89T	41.95T
Total Debt+	25.26T	22.82T	21.16T	20.3T	19.63T	20.17T	21.53T	22.83T	25.9T	26.9T
Net Debt	20.39T	20.37T	18.54T	17.66T	16.11T	15.74T	17.74T	17.08T	19.23T	20.14T
Debt / Equity	0.56x	0.50x	0.45x	0.43x	0.41x	0.42x	0.39x	0.39x	0.43x	0.44x
Debt / EBITDA	4.53x	3.80x	2.68x	2.25x	2.59x	3.21x	1.64x	2.57x	3.48x	4.15x
Net Debt / EBITDA	3.66x	3.40x	2.34x	1.96x	2.13x	2.50x	1.35x	1.93x	2.58x	3.10x
Interest Coverage	2.44x	4.15x	6.68x	7.05x	5.34x	4.32x	20.97x	8.78x	3.65x	2.20x
Total Equity+	45.07T	45.84T	47.46T	46.76T	47.79T	47.67T	54.8T	58.26T	59.6T	61.45T
Equity Growth %	-0%	0.02%	0.04%	-0.01%	0.02%	-0%	0.15%	0.06%	0.02%	0.03%
Book Value per Share	140855.30	143251.45	148327.62	146122.49	149145.93	150638.24	178662.06	184578.49	196383.95	171877.60
Total Shareholders' Equity	41.24T	42.37T	43.73T	43.37T	44.47T	44.33T	50.43T	52.51T	54.15T	55.39T
Common Stock	482.4B	482.4B	482.4B	482.4B	482.4B	482.4B	482.4B	482.4B	482.4B	482.4B
Retained Earnings	40.5T	41.17T	43.06T	44.22T	45.08T	46.11T	51.53T	52.97T	53.81T	53.66T
Treasury Stock	-1.53T	-1.53T	-1.53T	-1.53T	-1.51T	-2.39T	-2.51T	-1.89T	-1.89T	-1.55T
Accumulated OCI	-594.76B	-143.99B	-682.56B	-1.4T	-1.16T	-1.38T	-666.99B	-443.99B	248.22B	1.16T
Minority Interest	3.83T	3.46T	3.73T	3.39T	3.32T	3.34T	4.38T	5.75T	5.45T	6.06T

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.6T	5.27T	5.61T	5.87T	6T	8.69T	6.26T	6.19T	6.17T	6.66T
Operating CF Margin %	0.13%	0.1%	0.09%	0.09%	0.09%	0.15%	0.08%	0.07%	0.08%	0.09%
Operating CF Growth %	1.23%	-0.31%	0.06%	0.05%	0.02%	0.45%	-0.28%	-0.01%	-0%	0.08%
Net Income	-96.18B	1.05T	2.91T	1.89T	1.84T	1.79T	7.2T	3.56T	1.85T	1.09T
Depreciation & Amortization	3.22T	3.21T	3.3T	3.27T	3.46T	3.62T	3.58T	3.69T	3.84T	3.98T
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	276.94B	384.69B	1.19T	1.67T	1.07T	236.93B	2.22T	453.88B	789.37B	0
Other Non-Cash Items	660.85B	778.37B	-75.79B	902.64B	-473.67B	235.33B	81.21B	-1.49T	511.6B	986.25B
Working Capital Changes	2.91T	-425.81B	-1.66T	-1.86T	111.49B	2.8T	-6.82T	-35.01B	-823.98B	598.03B
Change in Receivables	1.69T	273.42B	63.08B	-40.51B	430.21B	818.86B	-1.57T	547.48B	-1.09T	1.16T
Change in Inventory	2.1T	-890B	-1.44T	-1.57T	793.88B	1.44T	-6.05T	-415.6B	1.38T	914.74B
Change in Payables	-894.13B	769.34B	-608B	379.74B	-732.74B	594.41B	1.4T	141.93B	-118.8B	-376.28B
Cash from Investing+	-4.53T	-3.75T	-3.82T	-2.65T	-3.68T	-6.26T	-5.58T	-4.22T	-7.39T	-4.49T
Capital Expenditures	-2.85T	-2.46T	-2.63T	-2.58T	-2.77T	-3.5T	-3.51T	-5.42T	-6.8T	-7.67T
CapEx % of Revenue	0.05%	0.05%	0.04%	0.04%	0.04%	0.06%	0.05%	0.06%	0.09%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	132.76B	297.28B	-195.45B	613.64B	102B	-18.88B	130.84B	419.87B	-537.2B	3.19T
Cash from Financing+	-2.24T	-3.95T	-1.57T	-3.2T	-1.51T	-1.09T	-768.67B	1.32T	-178.59B	-2.3T
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-822.57B	-708.97B	-863.45B	-723.93B	-946.22B	-659.14B	-1.31T	-1.22T	-815.45B	-844.2B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.16T	-1.81B	707.96B	-82.7B	-103.94B	145.53B	630.8B	625.63B	27.66B	681.27B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.75T	2.81T	2.98T	3.29T	3.24T	5.19T	2.75T	766.31B	-1.06T	-1.01T
FCF Margin %	0.08%	0.05%	0.05%	0.05%	0.05%	0.09%	0.04%	0.01%	-0.01%	-0.01%
FCF Growth %	11.87%	-0.41%	0.06%	0.1%	-0.01%	0.6%	-0.47%	-0.72%	-2.38%	0.05%
FCF per Share	14852.51	8772.66	9301.12	10270.42	10103.26	16393.09	8960.12	2427.91	-3490.74	-2824.78
FCF Conversion (FCF/Net Income)	42.08x	3.87x	2.01x	3.47x	3.27x	5.42x	0.95x	1.97x	3.63x	6.09x
Interest Paid	0	0	0	0	0	0	0	0	0	1.03T
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.4%	3%	5.98%	3.59%	3.88%	3.36%	12.91%	5.56%	2.88%	1.81%
Return on Invested Capital (ROIC)	2.69%	3.24%	5.24%	6.63%	4.81%	3.15%	10.66%	5.37%	3.56%	2.34%
Gross Margin	11.19%	12.56%	13.75%	12.23%	9.68%	8.14%	15.54%	9%	8.29%	7.41%
Net Margin	0.31%	2.57%	4.6%	2.6%	2.85%	2.77%	8.67%	3.71%	2.2%	1.51%
Debt / Equity	0.56x	0.50x	0.45x	0.43x	0.41x	0.42x	0.39x	0.39x	0.43x	0.44x
Interest Coverage	2.44x	4.15x	6.68x	7.05x	5.34x	4.32x	20.97x	8.78x	3.65x	2.20x
FCF Conversion	42.08x	3.87x	2.01x	3.47x	3.27x	5.42x	0.95x	1.97x	3.63x	6.09x
Revenue Growth	-10.14%	-8.78%	14.26%	7.13%	-0.94%	-10.21%	32.08%	11.03%	-8.99%	-5.76%

Revenue by Segment

	2020	2023	2024
Operatings	-	-	125.01T
Operatings Growth	-	-	-

Revenue by Geography

	2020	2023	2024
KOREA, REPUBLIC OF	-	750M	-
KOREA, REPUBLIC OF Growth	-	-	-
MYANMAR	605B	-	-
MYANMAR Growth	-	-	-

Frequently Asked Questions

Valuation & Price

POSCO Holdings Inc. (PKX) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

POSCO Holdings Inc. (PKX) reported $70.06T in revenue for fiscal year 2024. This represents a 2% increase from $68.94T in 2011.

POSCO Holdings Inc. (PKX) saw revenue decline by 5.8% over the past year.

Yes, POSCO Holdings Inc. (PKX) is profitable, generating $454.78B in net income for fiscal year 2024 (1.5% net margin).

Dividend & Returns

Yes, POSCO Holdings Inc. (PKX) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

POSCO Holdings Inc. (PKX) has a return on equity (ROE) of 1.8%. This is below average, suggesting room for improvement.

POSCO Holdings Inc. (PKX) had negative free cash flow of $555.67B in fiscal year 2024, likely due to heavy capital investments.

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