Samyoung삼영

Samyoung's trailing profits are strong on capacitor film demand, but the share price has fallen about 19% over the past month.

Samyoung makes capacitor film used in AI data centers, electric vehicles, renewable energy and power infrastructure, alongside packaging films and marine engine components. Trailing twelve-month revenue to H1 2026 is about ₩191B with operating income of about ₩23.5B and a 12.3% operating margin, a clear step up from 2025. The stock closed at ₩5,200, well below its 52-week high of ₩13,980.

What stands out

• Revenue rose 21.6% in 2025 to about ₩153B, and operating margin improved from 0.7% in 2022 to 9.7% in 2025.
• Trailing operating income (₩23.5B) and net income (₩23.5B) are well above 2025 full-year levels, pointing to continued improvement into 2026.
• Liabilities are 118% of equity and borrowings are about ₩50B against cash of about ₩34B, so the balance sheet carries meaningful debt.
• Foreign ownership fell from 9.7% to 4.1% over about 60 days, and 20-day foreign flows were net selling.
• Valuation is about 7.5x P/E and 1.8x P/B; the company pays no dividend in the data, and the DCF base value in the pack (₩3,070) sits well below the current price.

What to watch

• The 2023 net income of ₩18.6B was well above its operating income, so one-off items may affect reported profit; check the next annual and half-year filings.
• The August 2026 acquisition decision for tangible assets and the largest shareholder's holding change may affect capacity and ownership; the data does not give details.
• No news headlines appear in the data, so the reasons for the recent share price decline are not explained here.