Samyang Holdings삼양홀딩스
000070 · KOSPI · ₩000070 · 삼양홀딩스
Valuation model · Sum of the parts (net asset value)
This is a holding company, so we value what it owns: its stakes in listed companies at market value, less a holding company discount.
Fair value per share
₩37,867
vs the current price (₩52,500)
- Assets before discount
- ₩490B
- Equity value
- ₩294B
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal. This is not financial advice.
Bear / Base / Bull
- Bear
- ₩25,245
- −51.9%
- Base
- ₩37,867
- −27.9%
- Bull
- ₩53,014
- +1.0%
Bear: listed stakes 20% lower and a discount 10 points wider. Bull: the opposite.
Assumptions
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Business
- 0%
Moves the market value of the listed companies it owns up or down.
Default: 0, today's market values.
- ₩0B
Anything else it owns, minus its own debt, in ₩ billions.
Default: 0. Unlisted holdings and the company's own cash and debt aren't included unless you add them.
Discount rate
- 40%
How far below the value of its holdings the company is valued.
Default: a typical discount for Korean holding companies.
Starting point
- Shares
- 7,763,191
- Share price
- ₩52,500
- Market cap
- ₩408B
Listed stakes
| Company | Stake | Market value |
|---|---|---|
| Samyang | 61.8% | ₩270B |
| Samyang NC Chem | 60.0% | ₩168B |
| Kyungbang | 10.0% | ₩21B |
| Huvis | 25.5% | ₩16B |
| DI Dong IL | 3.1% | ₩15B |
Sensitivity
Fair value per share as two inputs change; the middle is the current case.
| Listed stakes ↓ · Discount → | 20.0% | 30.0% | 40.0% | 50.0% | 60.0% |
|---|---|---|---|---|---|
| −20.0% | ₩40,392 | ₩35,343 | ₩30,294 | ₩25,245 | ₩20,196 |
| −10.0% | ₩45,441 | ₩39,761 | ₩34,081 | ₩28,401 | ₩22,720 |
| 0.0% | ₩50,490 | ₩44,179 | ₩37,867 | ₩31,556 | ₩25,245 |
| +10.0% | ₩55,539 | ₩48,596 | ₩41,654 | ₩34,712 | ₩27,769 |
| +20.0% | ₩60,588 | ₩53,014 | ₩45,441 | ₩37,867 | ₩30,294 |
Now (TTM)
- Market cap
- ₩408B
- Enterprise value
- ₩650B
- P/E
- —
- P/B
- 0.2×
- P/S
- 0.1×
- EV/EBITDA
- —
- Dividend yield
- 6.7%
Over time (at each year end)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Price | ₩57,600 | ₩43,709 | ₩46,045 | ₩45,844 | ₩65,530 |
| Market cap | ₩447B | ₩339B | ₩357B | ₩356B | ₩509B |
| P/E | — | 12.0× | 2.1× | 5.0× | 2.1× |
| P/B | 0.2× | 0.2× | 0.2× | 0.2× | 0.3× |
| P/S | 0.1× | 0.1× | 0.1× | 0.1× | 0.2× |
| EV/EBITDA | — | — | — | — | — |
| Dividend yield | 6.1% | 5.3% | — | — | — |
Versus similar companies
| Company | P/E | P/B | P/S | EV/EBITDA | Dividend yield |
|---|---|---|---|---|---|
| Samyang Holdings | — | 0.2× | 0.1× | — | 6.7% |
| SK Square | 3.8× | 2.3× | 102.1× | 3.7× | 0.0% |
| KB Financial Group | 8.9× | 0.9× | — | 9.6× | 2.8% |
| Shinhan Financial Group | 7.7× | 0.7× | — | 10.1× | 2.9% |
| SK | 4.8× | 1.0× | 0.3× | — | 1.5% |
| Hana Financial Group | 7.9× | 0.7× | — | 10.0× | 3.4% |
| Woori Financial Group | 7.1× | 0.6× | — | 8.5× | 4.4% |
| Similar companies (median) | 7.4× | 0.8× | 51.2× | 9.6× | 2.9% |
Calculated from end-of-day prices and filed financial statements. Not a recommendation. This is not financial advice.
Also known as: Samyang Holdings / 삼양홀딩스 / 000070 / KRX:000070
Source: KRX statistical information