Posco Future M stock: DS keeps KRW 290,000 target for Posco Future M stock

Published on 10/24/2026 at 05:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LFP orders total 480,000 metric tons in September and October. For Posco Future M stock, annual volume is 100,000 metric tons.

Orders and earnings calendar

DS Investment & Securities kept a KRW 290,000 target on October 21, 2026.
Second-quarter revenue reached KRW 679.46 billion and net income KRW 23.14 billion.
The next quarterly report is scheduled for November 3, 2026.

Posco Future M, KR7003670007, Illustration mit AI erstellt.

Posco Future M (ISIN KR7003670007) is advancing its lithium iron phosphate strategy after DS Investment & Securities kept a KRW 290,000 target on October 21, 2026. The firm cited orders and planned line conversions as the basis for its assessment, while the company has reported a KRW 6 trillion supply agreement with Samsung SDI.

LFP orders set the pace

According to Edaily on October 21, 2026, DS Investment & Securities maintained its Buy rating and KRW 290,000 target. The report said Posco Future M had secured annual average LFP volume of 100,000 metric tons through orders of 80,000 metric tons from SK On and 400,000 metric tons from Samsung SDI.

The investment firm also said the first converted line has a capacity of 15,000 metric tons and is expected to begin mass production in December 2026. Its 2026 forecast called for revenue of KRW 3.055 trillion and operating profit of KRW 90 billion, while the 2027 forecast reached KRW 4.238 trillion in revenue and KRW 197 billion in operating profit.

What does the order mean for earnings?

The immediate issue is conversion speed rather than a new-build program. DS Investment & Securities said the existing lines can be converted in six to seven months, with capacity reaching 170,000 metric tons after the Gwangyang Phase 5 line is converted.

Three dates show the change

On August 7, 2026, POSCO Future M announced an LFP supply agreement covering more than 190,000 metric tons through 2032. On October 7, 2026, the company disclosed a KRW 6 trillion LFP supply contract with Samsung SDI. On October 21, 2026, DS Investment & Securities kept its KRW 290,000 target and cited annual LFP volume of 100,000 metric tons.

Dates investors can track

TradingView lists November 3, 2026, as the next quarterly reporting date for the KRX-listed company. The Edaily report also said the first converted line is expected to begin mass production in December 2026.

Quarterly figures add a counterweight

Posco Future M reported revenue of KRW 679.46 billion and net income of KRW 23.14 billion for the second quarter of 2026, compared with revenue of KRW 660.94 billion and a GAAP net loss of KRW 35.56 billion in the second quarter of 2025, according to The Globe and Mail. The comparison shows why investors are weighing new LFP orders against the still uneven earnings base.

Battery materials remain central

Posco Future M produces cathode and anode materials for lithium-ion batteries and also operates refractory and chemical businesses. Its shares are listed on the Korea Exchange under ticker 003670.