SIMPACIncSIMPAC

SIMPAC's trailing profits have recovered from 2023's loss, but the shares sit near the lower part of their 52-week range and margins remain thin.

On trailing twelve months to H1 2026, SIMPAC reported revenue of ₩1.42T, operating income of ₩82B and net income of ₩25B, with a 5.7% operating margin. Revenue rose sharply in 2025 (up 50.2%), though 2025 net income of ₩21B was below 2024's ₩27B, and the balance sheet carries borrowings of ₩471B against cash of ₩167B. The shares closed at ₩4,515 on 2026-10-23, a market cap of about ₩295B, well below their 52-week high of ₩6,900.

What stands out

• Trailing operating margin is 5.7% and net margin 1.7%, up from 3.9% and about 2.2% in 2025 on the annual figures, but well below the 17% operating margin seen in 2021 and 2022.
• Liabilities are 105.5% of equity and borrowings (₩471B) exceed cash (₩167B); trailing free cash flow is ₩18B.
• The DCF-based fair value model gives a base of ₩34,818, bear ₩14,133 and bull ₩77,014, far above the current price; these are model outputs, not forecasts, and rest on a 5.7% rate assumption.
• Trailing P/E is 11.9, P/B 0.4 and the dividend yield 6.6%, against peers such as Korea Zinc (P/E 18.1) and POSCO Holdings (P/E 16.2).
• Filings are dominated by routine insider shareholding reports and treasury stock matters; the half-year report for June 2026 was filed on 2026-08-14. No news headlines were included in the data.
• Foreign ownership fell from 1.2% in... now 1.2% versus 1.5% sixty days earlier, and 20-day foreign flows were net negative.

What to watch

• The next quarterly or annual results, to see whether margins hold above the trailing 5.7% level and whether revenue growth continues after 2025's 50% jump.
• Filings on the September 2026 management matter and any further share buyback or treasury stock activity announced after the 2026-06-29 buyback decision.
• Debt levels: borrowings of ₩471B relative to cash and free cash flow, given liabilities at 105.5% of equity. The data does not include analyst forecasts or the dividend history behind the 6.6% yield.