Samhwa Crown & Closure삼화왕관

Samhwa Crown & Closure is a small bottle-cap maker whose profits have shrunk sharply since 2024, though it trades at a low multiple and pays a 4.3% dividend yield.

The company makes metal and plastic bottle caps for beverage makers and cosmetic containers on a made-to-order basis. Trailing revenue is about ₩165.8B with operating income of ₩5.9B and net income of ₩5.0B as of H1 2026, against a 2024 peak of ₩10.6B operating income. The share price is ₩27,850, down 18.2% over one year and within its 52-week range of ₩24,100 to ₩35,700.

What stands out

• Operating margin has eased to 3.6% trailing, down from 6.4% in 2024 and 4.1% in 2025.
• Revenue has been broadly flat, at ₩162.9B in 2025 after ₩167.1B in 2024, a 2.5% decline.
• Valuation is low on the reported numbers: P/E about 12.1, P/B 0.5, and a 4.3% dividend yield.
• The company's internal DCF model gives a base value of ₩37,681, but this is a model output rather than a forecast, and the bear and bull cases span an extremely wide range.
• Borrowings of ₩67.3B exceed cash of ₩17.1B, and liabilities are 81.2% of equity.
• Foreign ownership rose from 5.1% to 5.8% over about 60 days, while retail and institutional investors were net sellers over the last 20 days.

What to watch

• The cash dividend decision and record date filed in 2026 will show the actual payout the 4.3% yield is based on.
• An amended half-year report was filed on 14 August 2026; the data does not say what changed.
• Margin pressure and debt levels are the main risks visible in the figures; the data contains no analyst forecasts or guidance on future results.