Samwha Electronics삼화전자

Samwha Electronics remains loss-making with heavy borrowings, and its shares are down sharply over the past year.

Samwha Electronics makes ferrite cores and magnetic components, with a focus on parts for electric vehicles, home appliances and industrial equipment. Trailing twelve-month revenue is about ₩27.6B, but operating and net losses are large, at roughly -₩7.9B and -₩7.5B respectively. At ₩2,465 per share, the market value is about ₩47.2B, and the stock has fallen 30.6% over the past year.

What stands out

• Revenue has declined for three straight years, from about ₩48.3B in 2022 to ₩29.6B in 2025, and trailing figures to H1 2026 are lower again.
• Operating losses have widened as a share of sales, with a trailing operating margin of -28.6% and a net margin of -27%.
• Borrowings of about ₩32.8B are well above cash of roughly ₩15M, and liabilities are 272.4% of equity.
• Free cash flow over the trailing period was negative at about -₩10.3B.
• The company filed a response to a rumour or news report on 8 October 2026, but the filing content is not in the data. No recent news headlines were found in the data.
• Valuation metrics are mixed: price-to-book is 2.8 and price-to-sales is 1.7, while P/E is not meaningful because earnings are negative. The dividend yield is 0%.

What to watch

• The Q3 2026 quarterly report and any further filings on short-term borrowings, given the high debt load and negative cash flow.
• The content of the October 2026 rumour response, which is not included in the data.
• Changes in the largest shareholder's holdings and foreign ownership, which has eased from 3.8% to 3.6% over 60 days.