JONBUR Research · Initiation
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Orion · 271560 · Food & Beverage
Orion: Steady Margins and Low Multiples as Shares Fall Well Below Their 52-Week High
Orion's shares closed at ₩105,600 on 2026-10-12, down 11.5% over one month and 21.0% over three months, and close to the 52-week low of ₩99,000. Filed financials show trailing revenue of ₩3.58T, an operating margin of 16.9% and a low debt load, with the stock trading at about 10.0x earnings.
Written Oct 13, 2026 · Data as of Oct 12, 2026 · 0 views
This is not financial advice. The report does not recommend buying or selling anything.
Thesis
The data supports a picture of a profitable, steadily growing company with a strong balance sheet. Revenue has grown every year shown, operating margin has stayed in a 15.8% to 17.5% range, and liabilities are only 18.9% of equity. Against that, the share price has fallen sharply in recent months, and the data gives no reason for the decline. Investor flow, foreign ownership, short balance and news headlines are not available, so we cannot tell who has been selling or what has driven sentiment. Net income in 2024 (₩524.6B) was higher than in 2025 (₩382.7B), so profit growth has not been smooth even though revenue has risen.
Business overview
Orion is a KOSPI-listed Food & Beverage company, founded on 2017-06-01 and listed on 2017-07-07, with 39,536,132 listed shares. The CEO is listed as 이승준. Market capitalisation is about ₩4.18T. Among the peers in the data, Samyang Foods is larger at ₩9.02T, while CJ Cheiljedang (₩2.74T), Nongshim (₩2.44T), Otoki (₩1.28T) and Lotte Wellfood (₩1.11T) are smaller. Revenue grew from ₩2.36T in 2021 to ₩3.33T in 2025. The data does not describe product lines or regional breakdowns.
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Report history
- Oct 27, 2026Update noteModel fair value changeOrion: Model Fair Value Estimate Rises 21% on Lower Discount Rate
- Oct 20, 2026Update noteNewsActivists Press Orion to Drop Bid for JoongAng Ilbo
- Oct 13, 2026Update noteEarningsOrion Files September 2026 Preliminary Earnings; Only Korea Sales Visible in Excerpt
- Oct 13, 2026InitiationOrion: Steady Margins and Low Multiples as Shares Fall Well Below Their 52-Week High
Source: KRX statistical information