Samyang Foods삼양식품

Samyang Foods remains very profitable, but its share price has fallen sharply over the past year despite strong reported earnings.

Samyang Foods, the maker of the Buldak instant noodle brand, reported trailing twelve-month revenue of about ₩2.75T and operating income of about ₩623B to the half-year 2026 point, with a 22.6% operating margin. The share price closed at ₩1,116,000 on 2026-10-26, down 12.9% over one year and about 28% below its 52-week high of ₩1,557,000. Data does not include any analyst rating or price target for the company, although brokers' comments in recent news are described below.

What stands out

• Revenue grew 36.1% in 2025 to about ₩2.35T, and operating income rose to about ₩524B, following 44.9% growth in 2024.
• Trailing net income is about ₩488B with a 17.7% net margin and 41.5% return on equity, while free cash flow is about ₩221B.
• Valuation has compressed: P/E is 17.2 and P/B is 5.5, versus 23.8 and 7.4 at the end of 2025; the internal DCF base value of ₩1,231,967 sits above the current price, with a bear value of ₩787,814 and a bull value of ₩1,959,224.
• Borrowings of about ₩602B exceed cash of about ₩631B only slightly, and liabilities are 77.5% of equity.
• Foreign ownership rose to 18.7% from 16.2% sixty days earlier, while retail investors were net sellers over the last 20 days (about -₩64B). Recent news reports a 9% share price fall on 27 October, with brokers saying fundamentals and price competitiveness are intact, though exchange-rate concerns are noted.

What to watch

• Next half-year or full-year results and whether margins hold near the trailing 22.6% operating level, given the exchange-rate concerns raised in recent news.
• Further insider shareholding or 5%+ holding filings, and the change in largest shareholder's holdings reported in July 2026.
• Progress on the Chinese production facility and the cash dividend approved in August 2026, as the dividend yield is only 0.4%.