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Samyang Cor (145990) Fair Value & Analysis

Consumer Defensive · KR · Market cap 450B KRW

SC Samyang Cor 145990 · KO
Price45,200 KRW
Fair Value131,361 KRW
Upside+190.6%
Quality40/100
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Strengths

Trades 191% below our fair value of 131,361 KRW
Low debt · generates free cash flow

Risks

!Mixed Growth
!Loss-making · -12.4% net margin
!Trails peers (4/11)
!Narrow moat 21/100
Mixed Growth
Loss-making · -12.4% net margin
Low debt · generates free cash flow
4.12% dividend yield
Trails peers (4/11)
Narrow moat 21/100
Evidence: Medium Range 82,239 KRW – 180,483 KRW Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 7 days ago

Share price +6.4% over the past month.

Below-average quality, screening 191% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (82,239 KRW). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (82,239 KRW to 180,483 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

66,607 KRW 29,863 KRW Fair Value 131,361 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 29,863 KRW – 66,607 KRW · fair‑value band 82,239 KRW – 180,483 KRW · the 45,200 KRW price screens below the 131,361 KRW fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Samyang Cor (145990) currently trades at 45,200 KRW, while our model-based Fair Value estimate is 131,361 KRW, implying the stock looks roughly 190.6% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Samyang Cor generated revenue of 2.6T KRW at a net margin of -12.4%. Revenue declined 1.9% year over year. It earns a return on equity of -15.7%. Net debt stands at 630B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 82,239 KRW (bear case) to 180,483 KRW (bull case); at 45,200 KRW, the current price sits below 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 21% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at 191%, 145990 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 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
Highest evidence
Growth DCF 109,723 KRW 173,866 KRW 267,885 KRW 80
Rev-Margin DCF 83,653 KRW 142,674 KRW 208,040 KRW 74
ROIC Compounder 72,636 KRW 90,288 KRW 105,978 KRW 72
All 15 models by family
DCF Models
FCF DCF 105,923 KRW 175,790 KRW 283,448 KRW 38
5Y Revenue Exit 83,653 KRW 141,551 KRW 213,433 KRW 39
5Y EBITDA Exit 131,540 KRW 228,527 KRW 338,895 KRW 41
10Y Revenue Exit 87,142 KRW 141,818 KRW 211,110 KRW 36
10Y EBITDA Exit 121,243 KRW 202,635 KRW 306,465 KRW 37
Earnings-Based
EPV 72,636 KRW 90,288 KRW 105,978 KRW 59
Dividend Discount
Gordon GGM 21,732 KRW 47,346 KRW 79,829 KRW 70
DDM Multi-Stage 21,732 KRW 34,301 KRW 48,375 KRW 61
Multiples
EV/EBIT 119,974 KRW 169,095 KRW 218,217 KRW 53
EV/EBITDA 167,914 KRW 233,016 KRW 298,118 KRW 54
EV/Revenue 77,786 KRW 122,863 KRW 167,940 KRW 43
Asset-Based
NCAV (Graham) 83,148 KRW 111,418 KRW 166,296 KRW 50
Growth DCF
Growth DCF 109,723 KRW 173,866 KRW 267,885 KRW 80
Rev-Margin DCF 83,653 KRW 142,674 KRW 208,040 KRW 74
Economic Profit
ROIC Compounder 72,636 KRW 90,288 KRW 105,978 KRW 72

Widest divergence: DCF Models (175,790 KRW) versus Dividend Discount (34,301 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.6T KRW
Revenue growth (YoY) -1.9%
Net margin -12.4%
Return on equity -15.7%
Free cash flow 112B KRW FY2025
Operating margin 3.5%
More key figures
Dividend yield 4.0%
EPS growth (YoY) -8.0%
Net debt 630B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 40 · Market factors (momentum, volatility) 46

Profitability 15
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 27
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 Corporation engages in the chemicals and food business in Korea, China, Japan, rest of Asia, Europe, and internationally. The company offers engineering plastics for use in automobile, electrical/electronic, medical and security sectors.

Full company description

Samyang Corporation engages in the chemicals and food business in Korea, China, Japan, rest of Asia, Europe, and internationally. The company offers engineering plastics for use in automobile, electrical/electronic, medical and security sectors. Its Ion exchange resin products are used in food, pharmaceuticals, catalysts, semiconductors, ultrapure water, power plants, chromatography, bioprocess, metal recovery, and wastewater treatment. In addition, the company's produces electronic materials for display panels. Further, it supplies food ingredients, including allulose, sugar, starch sugar, flour, and oil/fat, as well as operates and franchises restaurants; and engages in food catering and distribution businesses. The company was founded in 1924 and is headquartered in Seoul, South Korea. Samyang Corporation operates as a subsidiary of Samyang Holdings Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Samyang Cor reported revenue of 2.6T KRW in FY2025 versus 2.4T KRW in FY2021, a compound +1.8%/yr. Reported net income was −314B KRW in FY2025.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.6T KRW
Latest YoY
−4.1%
Avg. growth/yr (3Y) 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.
−1.1%
Avg. growth/yr (5Y) 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.
+4.5%
Avg. growth/yr (14Y) 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.
+17.7%
Revenue +1.8%/yr
FY21 2.4T KRW
FY22 2.7T KRW
FY23 2.7T KRW
FY24 2.7T KRW
FY25 2.6T KRW
Net income
FY21 41.2B KRW
FY22 69.0B KRW
FY23 107B KRW
FY24 121B KRW
FY25 −314B KRW

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Cite: Fair Value Calculator (2026). "Samyang Cor Fair Value". https://www.fairvalue-calculator.com/stock/145990

Peer Group

Packaged Foods · 658 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 40 · Bottom 25%
Fair Value upside +191% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 3.9% · Above median
Debt / equity 0.29× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.4× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE0 · sector 19
PAST0 · sector 27
HEALTH86 · sector 96
DIVIDEND77 · sector 52

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

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,507 ₹362.37 -76%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 -68%
Tata Consumer Products Limited TATACONSUM ₹1,062 ₹327.27 -69%
PT Indofood CBP Sukses Makmur Tbk ICBP 7,550 IDR 12,864 IDR +70%
Samyang Foods Co 003230 1,219,000 KRW 1,010,543 KRW -17%
Vietnam Dairy Products Joint Stock Company VNM 61,600 VND 52,858 VND -14%
Patanjali Foods Limited PATANJALI ₹350.95 ₹144.77 -59%
PT Mayora Indah Tbk, MYOR 1,650 IDR 2,699 IDR +64%
PT Cisarua Mountain Dairy Tbk CMRY 4,610 IDR 4,350 IDR -6%
Nongshim Co 004370 389,500 KRW 530,619 KRW +36%

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Frequently asked questions

Is Samyang Cor (145990) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 131,361 KRW versus a price of 45,200 KRW, about +191% (undervalued).
What is the fair value of 145990?
Our model-based fair value for Samyang Cor is 131,361 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 45,200 KRW.
What is the quality score of 145990?
Samyang Cor has a Quality Score of 40/100. 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 Cor (145990)?
Samyang Cor reported trailing-twelve-month revenue of about 2.6T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 145990?
The net profit margin of Samyang Cor is about -12.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Samyang Cor pay a dividend?
Samyang Cor currently shows a dividend yield of about 3.97% relative to its recent price (as of Aug 13, 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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