SAMPYO Cement Co. Ltd (038500) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SAMPYO Cement Co. Ltd stock KRW 5,074, price KRW 5,230, that is 3.0% below the price, quality 51 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 2,661 KRW – 20,200 KRW · fair‑value band 3,918 KRW – 6,475 KRW · the 5,230 KRW price screens above the 5,074 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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SAMPYO Cement Co., Ltd. engages in the manufacture and distribution of cement in South Korea. The company offers Portland cement, blast furnace slag cement, and special-purpose cements, as well as clinker. It also exports its products to the United States, Japan, Africa, and other countries.
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The company was formerly known as TONGYANG Cement & Energy Corporation and changed its name to SAMPYO Cement Co., Ltd. in April 2017. SAMPYO Cement Co., Ltd. was founded in 1957 and is headquartered in Samchok, South Korea.
Stock analysis
SAMPYO Cement Co. Ltd (038500) currently trades at 5,230 KRW, while our model-based Fair Value estimate is 5,074 KRW, so the stock looks roughly fairly valued today (gap 3.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of 6,463 KRW per share, and 10 of the 24 models we run sit above the 5,230 KRW price.
Bear case: the Dividend Discount group reads lowest at 947.23 KRW, and 14 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 3,918 KRW (bear) to 6,475 KRW (bull), the price of 5,230 KRW sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
SAMPYO Cement Co. Ltd reported revenue of 677B KRW in FY2025 versus 569B KRW in FY2021, a compound +4.4%/yr. Reported net income was 40.8B KRW in FY2025, compounding +19.0%/yr from FY2021.
Key figures
Market cap 561B KRW (≈ $412M) Small · P/E ratio 16.3 · P/S ratio 0.81 · EPS (TTM) 331.57 KRW · Dividend yield 2.3% · Net margin 5.1% · Return on equity 4.6% · Return on assets (EBIT) 5.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 74% below its 52-week high and 80% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −3%, 038500 screens cheaper than that median.
Fair Value models
Bear3,918 KRWFair Value 5,074 KRWBull6,475 KRW
Price 5,230 KRW · Downside -3.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (180.00 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−14.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.5%
Start year 2020 (pandemic). Over 10 years: +1.8% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.0%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.17.0% vs −2.1%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +11.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−3.0% · Below median
Profitability
Return on equity (12 months)4.6% · Above median
Return on assets2.8% · Above median
Net margin (12 months)5.1% · Above median
Operating margin (12 months)6.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)2.4% · Below median
Dividend yield (12 months)2.3% · Below median
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/E (12 months)16.3× · Cheaper than median
P/B0.71× · Cheaper than median
P/S (12 months)0.81× · Cheaper than median
Price / free cash flow (fiscal year)11.6× · Cheaper than median
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Is SAMPYO Cement Co. Ltd (038500) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 5,074 KRW versus a price of 5,230 KRW, about 3% lower (fairly valued).
What is the fair value of 038500?
Our model-based fair value for SAMPYO Cement Co. Ltd is 5,074 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 5,230 KRW.
What is the quality score of 038500?
SAMPYO Cement Co. Ltd has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SAMPYO Cement Co. Ltd (038500)?
Our model-based price target is the fair value of 5,074 KRW (as of Nov 6, 2026) from 24 valuation models. Cautious scenario 3,918 KRW, optimistic scenario 6,475 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SAMPYO Cement Co. Ltd stock forecast for 2026?
Our models put fair value at 5,074 KRW, about 3% lower versus a price of 5,230 KRW (fairly valued). Cautious scenario 3,918 KRW, optimistic scenario 6,475 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SAMPYO Cement Co. Ltd (038500)?
SAMPYO Cement Co. Ltd reported trailing-twelve-month revenue of about 696B KRW (latest available figure, as of Nov 6, 2026).
Does SAMPYO Cement Co. Ltd pay a dividend?
SAMPYO Cement Co. Ltd currently shows a dividend yield of 2.31% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of SAMPYO Cement Co. Ltd (038500) and when is the ex-dividend date?
SAMPYO Cement Co. Ltd pays a dividend of 121.00 KRW per share a year, a dividend yield of 2.3%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2019. The payout ratio is 36.5% of earnings. Free cash flow covers the dividend 3.74 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into SAMPYO Cement Co. Ltd (038500)?
For today's price to be fair in a discounted-cash-flow model, SAMPYO Cement Co. Ltd would have to grow free cash flow by +14.2 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 038500 use?
Our models discount SAMPYO Cement Co. Ltd at 12.7 %: a base by market capitalisation (small), damped by beta 1.35, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SAMPYO Cement Co. Ltd that is +14.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has SAMPYO Cement Co. Ltd (038500) delivered so far?
Over the past 5 years revenue at SAMPYO Cement Co. Ltd grew +4.5 % a year. The price currently implies free-cash-flow growth of +14.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SAMPYO Cement Co. Ltd (038500) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into SAMPYO Cement Co. Ltd (+14.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SAMPYO Cement Co. Ltd (038500)?
The free-cash-flow yield on the price is 8.65 %: that much free cash flow SAMPYO Cement Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SAMPYO Cement Co. Ltd (038500)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SAMPYO Cement Co. Ltd it is 5,074 KRW per share (as of Nov 6, 2026), against a price of 5,230 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SAMPYO Cement Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 038500 trades above its calculated fair value: price 5,230 KRW, fair value 5,074 KRW, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 038500?
No. The price is what the market pays today (5,230 KRW); the fair value is what the company's own numbers justify (5,074 KRW). For SAMPYO Cement Co. Ltd the two are 156.25 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SAMPYO Cement Co. Ltd worth?
The market values SAMPYO Cement Co. Ltd at about 561B KRW (market capitalisation, as of Nov 6, 2026). Per share that is 5,230 KRW; our models calculate a fair value of 5,074 KRW per share.
What do the bullish and bearish scenarios say about 038500?
Our models span a range for SAMPYO Cement Co. Ltd: cautious scenario 3,918 KRW, base 5,074 KRW, optimistic 6,475 KRW per share (as of Nov 6, 2026, price 5,230 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 038500?
SAMPYO Cement Co. Ltd trades at a price-to-earnings ratio of 16.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5,074 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 11.9. Other multiples: P/B 0.7, P/S 0.8, EV/EBITDA 4.7.
How solid is the balance sheet of SAMPYO Cement Co. Ltd (038500)?
Balance-sheet figures for SAMPYO Cement Co. Ltd (as of Nov 6, 2026): return on equity 4.6%, debt of 0.26 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 038500 from its 52-week high?
SAMPYO Cement Co. Ltd trades at 5,230 KRW, about 74% below its 52-week high of 20,200 KRW and 80% above the low of 2,907 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5,074 KRW is for.
Which stocks are comparable to SAMPYO Cement Co. Ltd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SAMPYO Cement Co. Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 5,230 KRW, calculated fair value 5,074 KRW (−3%), Quality Score 51/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 038500 calculated?
We run SAMPYO Cement Co. Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 5,074 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. SAMPYO Cement Co. Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SAMPYO Cement Co. Ltd (038500)?
The closing price on Nov 6, 2026 was 5,230 KRW. Our model-based fair value is 5,074 KRW, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SAMPYO Cement Co. Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of SAMPYO Cement Co. Ltd
How large is the market capitalisation of SAMPYO Cement Co. Ltd (038500)?
The market capitalisation of SAMPYO Cement Co. Ltd is 561B KRW (≈ $412M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SAMPYO Cement Co. Ltd (038500)?
The price-to-sales ratio of SAMPYO Cement Co. Ltd is 0.81 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SAMPYO Cement Co. Ltd (038500)?
Earnings per share at SAMPYO Cement Co. Ltd are 331.57 KRW (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SAMPYO Cement Co. Ltd (038500)?
The dividend yield of SAMPYO Cement Co. Ltd is 2.3% (payout 36.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SAMPYO Cement Co. Ltd (038500)?
The net margin of SAMPYO Cement Co. Ltd is 5.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SAMPYO Cement Co. Ltd (038500)?
The return on equity (ROE) of SAMPYO Cement Co. Ltd is 4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SAMPYO Cement Co. Ltd (038500)?
On an EBIT basis the return on assets of SAMPYO Cement Co. Ltd is 5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SAMPYO Cement Co. Ltd (038500)?
The operating margin of SAMPYO Cement Co. Ltd is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SAMPYO Cement Co. Ltd (038500)?
Revenue at SAMPYO Cement Co. Ltd is growing +2.4% versus a year earlier (3y avg −2.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SAMPYO Cement Co. Ltd (038500)?
Earnings per share at SAMPYO Cement Co. Ltd are growing −74.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SAMPYO Cement Co. Ltd (038500) carry?
The net debt of SAMPYO Cement Co. Ltd is 323B KRW (fiscal year 2025, ≈ 6.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026