Samji Electronics삼지전자

Samji Electronics reports much higher trailing profits, but free cash flow is negative and the share price is down 22.9% over three months.

Samji makes wireless access and repeater equipment for mobile networks and also distributes electronic components. On trailing twelve-month figures to H1 2026 it reported revenue of ₩6.9T, operating income of ₩601B and net income of ₩242B, with a market value of about ₩457B at ₩28,000 per share. The data does not explain the sharp gap between the recent margin and earlier years.

What stands out

• Trailing operating margin is 8.7%, well above the 3.8% reported for 2025 and about 3% in 2021-2024, and ROE is 44.4% versus 16.9% for 2025; the data does not say what drove the jump.
• Revenue grew 27.7% in 2025 and 33% in 2024, following a 13.5% decline in 2023.
• Trailing free cash flow is negative at about -₩451B, even though cash is ₩265B and borrowings are ₩36.9B; liabilities are 152.1% of equity.
• The stock is up 127.3% over one year but down 9.1% over one month and 22.9% over three months, and trades far from its 52-week high of ₩64,500 (low ₩11,360).
• Valuation metrics are low on the data given: P/E 1.9, P/B 0.7, P/S 0.1, dividend yield 2%. The filing history shows several 5%+ holding reports and buyback trust activity in 2026.

What to watch

• The Q3 2026 quarterly report; the data gives no date for it, and the H1 2026 results are the latest figures shown.
• Free cash flow and debt levels, since trailing free cash flow is negative and liabilities are high relative to equity.
• The buyback trust status report filed October 12, 2026, and any further 5%+ holding reports, which may show changes in major shareholders.