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F
119500
vs
K
KOSPI 200
Over the past 12 months, Formetal Co Ltd has underperformed KOSPI 200, delivering a return of -12% compared to KOSPI 200's +55% growth.
Stocks Performance
119500 vs KOSPI 200
Performance Gap
119500 vs KOSPI 200
Performance By Year
119500 vs KOSPI 200
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Formetal Co Ltd
Glance View
Formetal Co Ltd is a South Korean metal forging company. It makes forged steel parts such as gears, shafts, flanges, and other precision components used in cars, heavy equipment, industrial machines, and some defense applications. The company sits in the middle of the supply chain, turning raw metal into shaped parts that other manufacturers build into finished products. Its customers are mainly manufacturers that need strong, repeatable metal parts for engines, drivetrains, chassis systems, construction equipment, and factory machinery. Formetal sells these parts as a supplier to larger industrial and automotive companies, so its revenue comes from product sales tied to orders and long-term supply relationships rather than from consumer brands. What makes the business different is that forging is a specialized process that combines heat, pressure, and tooling to create durable parts with exact specifications. That gives Formetal a role as a technical parts maker rather than a simple metals trader, and its value depends on engineering know-how, manufacturing consistency, and the ability to produce components that meet demanding customer standards.