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Capital & Financial Markets 25 Oct 2026

Moorim Paper and Moorim P&P set 2030 ROE and valuation targets

Moorim Paper and Moorim P&P have each had board approval for corporate value-up plans targeting return on equity of 8% by 2030, after both South Korean papermakers posted net losses in 2025. Moorim Paper targets a price-to-book ratio of 0.45x by 2030, from 0.19x at end-2025, while Moorim P&P targets 0.50x, from 0.26x. Both attribute their unstable profitability mainly to swings in international pulp prices and printing paper market conditions.

Why this mattersThe plans signal pressure on South Korean paper producers to prove sustainable profitability to close persistent valuation discounts despite heavy fixed-asset bases.

  • Both companies target ROE of 6% by 2028 and 8% by 2030, from -3.56% (Moorim Paper) and -5.68% (Moorim P&P) in 2025
  • Moorim Paper targets a price-to-book ratio of 0.25x by 2028 and 0.45x by 2030, from 0.19x at end-2025
  • Moorim P&P targets 0.30x by 2028 and 0.50x by 2030, from 0.26x at end-2025
  • Moorim Paper 2025 revenue fell to USD 955.4m (KRW 1,264.9bn) from USD 1,045.6m (KRW 1,384.4bn); operating profit fell to USD 4.5m (KRW 6.0bn) from USD 67.5m (KRW 89.4bn), with a net loss of USD 17.5m (KRW 23.2bn)
  • Moorim P&P 2025 revenue fell to USD 552.6m (KRW 731.6bn) from USD 613.1m (KRW 811.7bn), with an operating loss of USD 18.5m (KRW 24.5bn) and a net loss of USD 25.0m (KRW 33.1bn), after 2024 operating profit of USD 27.6m (KRW 36.5bn)
  • Both cite international pulp prices and printing paper market conditions as the main cause of unstable profitability
Moorim P&P Moorim Paper
Sources bloter.net KO
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-26 · Edited before publication: KRW amounts lacked USD conversions. One key fact compared a 2025 net loss with 2024 operating profit, which is misleading. Value-up targets at two followed Korean paper makers rated 2, not 3.
  • 2026-10-26 · Edited before publication: The summary attributed losses and valuations to 'weak printing paper demand'. The source says the companies blame swings in pulp prices and printing-paper market conditions for unstable profitability, and blame low valuations on that volatility and low growth expectations.