Samwha Electric삼화전기

Samwha Electric's earnings have shrunk from their 2024 peak, though the share price has rebounded sharply over the past three months.

Samwha Electric makes capacitors for electronics, automotive, renewable energy and storage uses, with plants in Korea, China and Indonesia. Trailing twelve-month revenue is ₩220B with a thin 4.7% operating margin, well below the 10.6% reached in 2024. The shares are up 55.8% over three months but still down 21.2% over one year, and trade about 40% below the 52-week high.

What stands out

• Revenue fell 1.3% in 2025 to ₩230B, and operating income dropped from ₩24.8B in 2024 to ₩12.0B.
• Trailing operating income is ₩10.3B and net income ₩6.2B, with a net margin of 2.8%.
• At ₩29,600 the stock trades at 31.8 times earnings and 1.7 times book, compared with 10.5 times at end-2024.
• The company reports cash of ₩15.1B, no borrowings in the data, and trailing free cash flow of ₩7.7B.
• A October 14 news item attributes expected earnings growth to demand for automotive electronics products; the data does not include forecasts.
• Foreign ownership eased to 24.5% from 25.8% over 60 days, while institutions were net buyers over the past 20 days.

What to watch

• The next reporting milestone is the Q3 2026 quarterly result, which is not yet in the filing list; watch whether margins recover from the trailing 4.7%.
• The fair value model gives a base of ₩20,754, below the current price, with a bear of ₩11,172 and bull of ₩36,387; treat these model outputs with caution.
• Watch the 2026 corporate value-up plan and any follow-up filings, as well as the sharp price swing relative to the fundamentals shown.