CJ FreshwayCJ프레시웨이

CJ Freshway trades at a low P/E and P/B on thin margins, with its share price down 18.3% over the past year.

CJ Freshway, a Korean food-service and trading company listed on KOSDAQ, reported trailing twelve-month revenue of ₩3.56T through H1 2026, with operating margin of 2.8% and net margin of 1.4%. The share price closed at ₩21,650 on 2026-10-13, a market cap of about ₩257B, near the lower part of its 52-week range of ₩19,800 to ₩36,400. The company profile is not in the data provided, so the business description rests on the financial and filing data alone.

What stands out

• Revenue grew 7.9% in 2025 to ₩3.48T, but 2025 operating income of ₩101.7B was roughly flat with 2024 and 2023 levels, so margins remain thin at about 2.9%.
• Net income recovered to ₩50.1B in 2025 from ₩25.9B in 2024, yet it was still below the ₩59.7B reported in 2023.
• Balance sheet leverage is high: liabilities are 319.4% of equity, with borrowings of ₩142.6B against cash of ₩71.5B. Trailing free cash flow was ₩53.6B.
• Valuation metrics are low: P/E 5.3, P/B 0.6, and a 2.3% dividend yield, compared with peers such as Samsung C&T (P/E 17.4) and Shinsegae (P/E 16.5). ISC trades at a P/E of 50.2.
• The filings list includes a half-year report (14 Aug 2026) and four filings on affiliated-company transactions dated 6 Aug 2026. Recent news covers a shared-growth cooperation academy and food-safety support for partners.

What to watch

• Upcoming Q3 2026 results and any change to the 2026 margin trend, which is not in the data provided.
• Related-party transaction filings with affiliated companies, as these appeared several times in recent filings.
• Debt levels relative to cash, given the 319.4% liabilities-to-equity ratio. The DCF model range (bear ₩33,256 to bull ₩383,236) is a model output with very wide bounds, not a forecast, and it is not a price target.