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Samyang Foods Co (003230) Fair Value & Analysis

Consumer Defensive · KR · Market cap 8.5T KRW

SF Samyang Foods Co 003230 · KO
Price1,306,000 KRW
Fair Value1,010,543 KRW
Upside-22.6%
Quality60/100
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Expensive Growth
Solidly profitable · 17.1% net margin
Low debt · negative free cash flow
0.46% dividend yield
Ranks above peers (7/10)
Wide moat 81/100
Evidence: High Range 754,340 KRW – 1,266,747 KRW Share as image

Fair value as of: Jul 11, 2026

From 16 valuation models · updated 29 days ago

Share price +14.0% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,266,747 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,626,591 KRW 73,897 KRW Fair Value 1,010,543 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 73,897 KRW – 1,626,591 KRW · fair‑value band 754,340 KRW – 1,266,747 KRW · the 1,306,000 KRW price screens above the 1,010,543 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Samyang Foods Co (003230) currently trades at 1,306,000 KRW, while our model-based Fair Value estimate is 1,010,543 KRW, implying the stock looks roughly 22.6% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Samyang Foods Co generated revenue of 2.5T KRW at a net margin of 17.1%. Revenue grew 35.0% year over year. It earns a return on equity of 37.4%. Net debt stands at 106B KRW. Fundamentals as of Jul 11, 2026

Our scenario range runs from 754,340 KRW (bear case) to 1,266,747 KRW (bull case); at 1,306,000 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at -23%, 003230 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income 432,205 KRW 671,934 KRW 8,502,807 KRW 76
ROIC Compounder 740,526 KRW 1,011,055 KRW 1,368,864 KRW 72
Gordon GGM 38,476 KRW 84,000 KRW 141,333 KRW 70
All 16 models by family
Earnings-Based
Graham-Dodd 355,072 KRW 2,047,352 KRW 2,847,785 KRW 54
Lynch FV 577,515 KRW 825,021 KRW 1,072,527 KRW 50
PEG = 1.0 577,515 KRW 825,021 KRW 1,072,527 KRW 46
EPV 637,379 KRW 749,007 KRW 848,231 KRW 59
Dividend Discount
Gordon GGM 38,476 KRW 84,000 KRW 141,333 KRW 70
DDM Multi-Stage 38,476 KRW 68,810 KRW 87,541 KRW 61
Multiples
P/E Multiple 822,410 KRW 1,096,547 KRW 1,370,684 KRW 63
P/S Multiple 378,398 KRW 504,531 KRW 630,664 KRW 58
P/B Multiple 665,761 KRW 887,681 KRW 1,109,601 KRW 55
EV/EBIT 900,944 KRW 1,199,652 KRW 1,498,360 KRW 53
EV/EBITDA 773,431 KRW 1,029,635 KRW 1,285,838 KRW 54
EV/Revenue 335,920 KRW 477,819 KRW 619,718 KRW 43
Asset-Based
NCAV (Graham) 84,162 KRW 112,777 KRW 168,323 KRW 50
Economic Profit
Residual Income 432,205 KRW 671,934 KRW 8,502,807 KRW 76
ROIC Compounder 740,526 KRW 1,011,055 KRW 1,368,864 KRW 72
Growth Earnings
Growth-Adj P/E 854,517 KRW 1,220,739 KRW 1,586,960 KRW 68

Widest divergence: Growth Earnings (1,220,739 KRW) versus Dividend Discount (68,810 KRW). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 2.5T KRW
Revenue growth (YoY) +35.0%
Net margin 17.1%
Return on equity 37.4%
Free cash flow −155B KRW FY2025
Operating margin 24.8%
More key figures
Dividend yield 0.5%
EPS growth (YoY) +44.4%
Net debt 106B KRW FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 41

Profitability 87
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Samyang Foods Co., Ltd., together with its subsidiaries, manufactures and sells food products in South Korea and internationally. It offers noodles, snacks, sauces, seasonings, dairy products, and frozen food under the Samyang 1963, Samyang Ramyun, Buldak, Map Tank, Pulse Lab, Jjajjaroni, and Tangled brand names.

Full company description

Samyang Foods Co., Ltd., together with its subsidiaries, manufactures and sells food products in South Korea and internationally. It offers noodles, snacks, sauces, seasonings, dairy products, and frozen food under the Samyang 1963, Samyang Ramyun, Buldak, Map Tank, Pulse Lab, Jjajjaroni, and Tangled brand names. The company also engages in cardboard processing and sale; vegetable soup selection and packaging; grain manufacturing; livestock farming; other processed food wholesale; warehousing and transportation; dealership; and investment activities. It exports its products. The company was founded in 1961 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Samyang Foods Co reported revenue of 2.4T KRW in FY2025 versus 642B KRW in FY2021, a compound +38.3%/yr. Reported net income was 389B KRW in FY2025, compounding +62.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.4T KRW
Latest YoY
+36.1%
Avg. growth/yr (3Y)
+37.3%
Avg. growth/yr (5Y)
+29.4%
Avg. growth/yr (25Y)
+10.0%
Revenue +38.3%/yr
FY21 642B KRW
FY22 909B KRW
FY23 1.2T KRW
FY24 1.7T KRW
FY25 2.4T KRW
Net income +62.1%/yr
FY21 56.3B KRW
FY22 79.8B KRW
FY23 126B KRW
FY24 272B KRW
FY25 389B KRW

003230 screens 23% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Samyang Foods Co Fair Value". https://www.fairvalue-calculator.com/stock/003230

Peer Group

Packaged Foods · 653 stocks

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.

Quality Score 60 · Above median
Fair Value upside −23% · Below median
Return on equity (TTM) 37% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

PEG 0.48× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 3 · sector 29
FUTURE 100 · sector 19
PAST 100 · sector 27
HEALTH 88 · sector 96
DIVIDEND 9 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%
PT Siantar Top Tbk, STTP 10,300 IDR 15,316 IDR +49%

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Frequently asked questions

Is Samyang Foods Co (003230) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 1,010,543 KRW versus a price of 1,306,000 KRW, about −23% (overvalued).
What is the fair value of 003230?
Our model-based fair value for Samyang Foods Co is 1,010,543 KRW (as of Jul 11, 2026), built from audited fundamentals. The current price is 1,306,000 KRW.
What is the quality score of 003230?
Samyang Foods Co has a Quality Score of 60/100. 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 revenue of Samyang Foods Co (003230)?
Samyang Foods Co reported trailing-twelve-month revenue of about 2.5T KRW (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 003230?
The net profit margin of Samyang Foods Co is about 17.1%, meaning it keeps roughly 17.1% of revenue as net income. Based on the latest reported figures.
Does Samyang Foods Co pay a dividend?
Samyang Foods Co currently shows a dividend yield of about 0.46% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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