Sambo Industrial삼보산업

Sambo Industrial remains loss-making on net income, with heavy debt, a pending rights offering and a market-cap warning from the exchange.

Sambo Industrial makes aluminum alloys, mainly for automotive customers, and runs an auto-parts die-casting unit and a broadcast production business. For the trailing twelve months to H1 2026 it reported revenue of about ₩320B and a small operating profit of about ₩12.7B, but a net loss of about ₩4.8B and negative free cash flow. Debt is large relative to equity, and the shares are down about 56.5% over one year.

What stands out

• Operating margin is about 4% on a trailing basis, but net income is negative, and revenue has fallen in 2024 and 2025 after a rise in 2022.
• Borrowings of about ₩23.5B exceed cash of about ₩4.2B, and liabilities are roughly 10 times equity.
• Filings show several amended rights offering (paid-in capital increase) decisions from August to October 2026, plus a change of largest shareholder in September.
• Trading halts were recorded on 25 August and 16 September 2026.
• The market value of about ₩15.2B is near the ₩20B threshold cited in a September 2026 exchange notice about possible administrative-issue designation.
• The data's DCF base value is ₩26,454 against a close of ₩4,350, but this model output is not a forecast and its bear value is shown as zero, so treat it with caution.

What to watch

• Terms and timing of the rights offering, given the repeated amendments.
• Any exchange decision on administrative-issue designation tied to the market-cap threshold.
• Next periodic results and whether operating profit converts into net profit, as losses and negative free cash flow persist.