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SAMPYO Cement Co (038500) Fair Value & Analysis

Basic Materials · KR · Market cap 815B KRW

SC SAMPYO Cement Co 038500 · KQ
Price7,900 KRW
Fair Value6,190 KRW
Upside-21.6%
Quality51/100
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Mixed Growth
Thin margins · 7.1% net margin
Low debt · generates free cash flow
1.59% dividend yield
Mixed vs. peers (6/11)
Narrow moat 34/100
Evidence: High Range 4,847 KRW – 8,078 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 20 days ago

Fair value updated Jul 20, 2026, revised from 6,235 KRW to 6,190 KRW (−0.7%) since Jul 6, 2026. Share price +1.7% over the past month.

A solid business, but screening 22% overvalued on our models.

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from 4,847 KRW (bear) to 8,078 KRW (bull), base 6,190 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

20,200 KRW 2,661 KRW Fair Value 6,190 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 2,661 KRW – 20,200 KRW · fair‑value band 4,847 KRW – 8,078 KRW · the 7,900 KRW price screens above the 6,190 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

SAMPYO Cement Co (038500) currently trades at 7,900 KRW, while our model-based Fair Value estimate is 6,190 KRW, implying the stock looks roughly 21.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials 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, SAMPYO Cement Co generated revenue of 692B KRW at a net margin of 7.1%. Revenue grew 10.0% year over year. It earns a return on equity of 6.5%. Net debt stands at 323B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 4,847 KRW (bear case) to 8,078 KRW (bull case); at 7,900 KRW, the current price sits within 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 about 66% below its 52-week high and 180% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -22%, 038500 screens cheaper 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
Growth DCF 3,926 KRW 5,851 KRW 9,046 KRW 80
Residual Income 5,733 KRW 5,854 KRW 5,776 KRW 76
Rev-Margin DCF 4,484 KRW 7,465 KRW 10,918 KRW 74
All 24 models by family
DCF Models
FCF DCF 3,724 KRW 5,704 KRW 9,206 KRW 38
Owner Earnings 6,297 KRW 9,322 KRW 14,672 KRW 31
5Y Revenue Exit 4,484 KRW 7,400 KRW 11,381 KRW 39
5Y EBITDA Exit 6,643 KRW 11,116 KRW 16,649 KRW 41
5Y P/E Exit 3,291 KRW 5,349 KRW 7,627 KRW 38
10Y Revenue Exit 3,972 KRW 6,537 KRW 9,563 KRW 36
10Y EBITDA Exit 5,524 KRW 9,063 KRW 13,228 KRW 37
10Y P/E Exit 3,408 KRW 5,142 KRW 6,951 KRW 35
Earnings-Based
Graham-Dodd 2,585 KRW 4,788 KRW 5,935 KRW 54
EPV 5,302 KRW 6,441 KRW 7,453 KRW 59
Dividend Discount
Gordon GGM 1,058 KRW 1,439 KRW 1,839 KRW 70
DDM Multi-Stage 1,058 KRW 1,484 KRW 2,012 KRW 61
Multiples
P/E Multiple 4,847 KRW 6,463 KRW 8,078 KRW 63
P/S Multiple 4,847 KRW 6,463 KRW 8,078 KRW 58
P/B Multiple 4,847 KRW 6,463 KRW 8,078 KRW 55
EV/EBIT 6,378 KRW 8,887 KRW 11,397 KRW 53
EV/EBITDA 9,724 KRW 13,348 KRW 16,973 KRW 54
EV/Revenue 5,374 KRW 8,170 KRW 10,967 KRW 43
Asset-Based
NCAV (Graham) 3,661 KRW 4,906 KRW 7,323 KRW 50
Growth DCF
Growth DCF 3,926 KRW 5,851 KRW 9,046 KRW 80
Rev-Margin DCF 4,484 KRW 7,465 KRW 10,918 KRW 74
Economic Profit
Residual Income 5,733 KRW 5,854 KRW 5,776 KRW 76
ROIC Compounder 5,302 KRW 6,441 KRW 7,510 KRW 72
Growth Earnings
Growth-Adj P/E 3,480 KRW 4,972 KRW 6,463 KRW 68

Widest divergence: DCF Models (6,537 KRW) versus Dividend Discount (1,439 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 692B KRW
Revenue growth (YoY) +10.0%
Net margin 7.1%
Return on equity 6.5%
Free cash flow 48.6B KRW FY2025
Operating margin 6.0%
More key figures
Dividend yield 1.0%
EPS growth (YoY) +3.5%
Net debt 323B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 52

Profitability 28
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 62
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SAMPYO Cement Co 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.

Growth Quality 57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
677B KRW
Latest YoY
−14.4%
Avg. growth/yr (3Y)
−2.1%
Avg. growth/yr (5Y)
+4.5%
Avg. growth/yr (16Y)
+1.7%
Revenue +4.4%/yr
FY21 569B KRW
FY22 721B KRW
FY23 824B KRW
FY24 791B KRW
FY25 677B KRW
Net income +19.0%/yr
FY21 20.3B KRW
FY22 30.2B KRW
FY23 33.8B KRW
FY24 66.1B KRW
FY25 40.8B KRW

038500 screens 22% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "SAMPYO Cement Co Fair Value". https://www.fairvalue-calculator.com/stock/038500

Peer Group

Building Materials · 254 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 51 · Below median
Fair Value upside −22% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 10% · Above median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 0.8× · 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 5 · sector 28
FUTURE 50 · sector 2
PAST 26 · sector 15
HEALTH 87 · sector 92
DIVIDEND 32 · sector 42

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is SAMPYO Cement Co (038500) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 6,190 KRW versus a price of 7,900 KRW, about −22% (overvalued).
What is the fair value of 038500?
Our model-based fair value for SAMPYO Cement Co is 6,190 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 7,900 KRW.
What is the quality score of 038500?
SAMPYO Cement Co 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 revenue of SAMPYO Cement Co (038500)?
SAMPYO Cement Co reported trailing-twelve-month revenue of about 692B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 038500?
The net profit margin of SAMPYO Cement Co is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does SAMPYO Cement Co pay a dividend?
SAMPYO Cement Co currently shows a dividend yield of about 1.04% relative to its recent price (as of Jul 20, 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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