SAMPYO Cement Co. Ltd (038500) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SAMPYO Cement Co. Ltd KRW 5,058, price KRW 6,630, upside -23.7%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 2,661 KRW – 20,200 KRW · fair‑value band 3,959 KRW – 6,608 KRW · the 6,630 KRW price screens above the 5,058 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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. 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 6,630 KRW, while our model-based Fair Value estimate is 5,058 KRW, implying the stock looks roughly 31.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 6,568 KRW per share, and 8 of the 24 models we run sit above the 6,630 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,090 KRW, and 16 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,959 KRW (bear) to 6,608 KRW (bull), the price of 6,630 KRW sits above 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 815B KRW (≈ $570M) · P/S ratio 1.18 · Dividend yield 1.8% · Net margin 6.0% · Return on equity 6.5% · Return on assets (EBIT) 5.0% · Operating margin 6.0% · Revenue (TTM) 692B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and 130% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −24%, 038500 screens cheaper than that median.
Fair Value models
Bear 3,959 KRWFair Value 5,058 KRWBull 6,608 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
+18.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.0%
Dividend (yield on the price)1.8%
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% vs −2%, 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%
Start year 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).
+17.0%
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 +14.6% 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 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−24% · Below median
Profitability
Return on equity (TTM)7% · Above median
Return on assets4% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)6% · Below median
Growth and dividend
Revenue growth10% · Above median
Dividend yield (TTM)1.8% · Below median
Balance sheet
Debt / equity0.26× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
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Is SAMPYO Cement Co. Ltd (038500) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5,058 KRW versus a price of 6,630 KRW, about −24% upside (overvalued).
What is the fair value of 038500?
Our model-based fair value for SAMPYO Cement Co. Ltd is 5,058 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 6,630 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 5,058 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 3,959 KRW, optimistic scenario 6,608 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 5,058 KRW, about −24% upside versus a price of 6,630 KRW (overvalued). Cautious scenario 3,959 KRW, optimistic scenario 6,608 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 692B KRW (latest available figure, as of Sep 24, 2026).
Does SAMPYO Cement Co. Ltd pay a dividend?
SAMPYO Cement Co. Ltd currently shows a dividend yield of about 1.83% relative to its recent price (as of Sep 24, 2026).
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 +17.0 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 038500 use?
Our models discount SAMPYO Cement Co. Ltd at 12.5 %: a base by market capitalisation (small), damped by beta 1.30, 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 +17.0 % per year a year over ten years, using the same discount rate (12.5 %) 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 +17.0 % per year free-cash-flow growth a 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 +3.3 % a year. That is the yardstick for the growth priced into SAMPYO Cement Co. Ltd (+17.0 % per year a 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 6.82 %: that much free cash flow SAMPYO Cement Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), 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 5,058 KRW per share (as of Sep 24, 2026), against a price of 6,630 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SAMPYO Cement Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 038500 trades above its calculated fair value: price 6,630 KRW, fair value 5,058 KRW, a gap of about −24% (overvalued). 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 (6,630 KRW); the fair value is what the company's own numbers justify (5,058 KRW). For SAMPYO Cement Co. Ltd the two are 1,573 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 815B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 6,630 KRW; our models calculate a fair value of 5,058 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 3,959 KRW, base 5,058 KRW, optimistic 6,608 KRW per share (as of Sep 24, 2026, price 6,630 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SAMPYO Cement Co. Ltd (038500)?
Balance-sheet figures for SAMPYO Cement Co. Ltd (as of Sep 24, 2026): return on equity 6.5%, 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 6,630 KRW, about 67% below its 52-week high of 20,200 KRW and 130% above the low of 2,882 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 5,058 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, Vulcan Materials Company, UltraTech Cement Limited, 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 Sep 24, 2026: price 6,630 KRW, calculated fair value 5,058 KRW (−24%), 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5,058 KRW, 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 14.1 % 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 Sep 23, 2026 was 6,630 KRW. Our model-based fair value is 5,058 KRW, about −24% upside (overvalued). 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?
Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits above our optimistic bull case: the favourable scenario is already priced in. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
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 815B KRW (≈ $570M). 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 1.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of SAMPYO Cement Co. Ltd (038500)?
The dividend yield of SAMPYO Cement Co. Ltd is 1.8%. 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 6.0% (fiscal year 2025). 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 6.5% (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 6.0% (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 +10.0% 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 +3.5% 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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