Sambo Motors삼보모터스

Sambo Motors shows thin profitability and a heavy debt-to-equity load, with the share price down over the past year.

Sambo Motors, a Korean auto parts maker supplying Hyundai and Kia, reported trailing revenue of ₩1.73T to H1 2026, with operating margin of 2.2% and net margin of 0.5%. Trailing free cash flow was negative at -₩77.7B, and liabilities are about 2.1 times equity. The shares closed at ₩3,615 on 2026-10-26, near the 52-week low of ₩3,520 and well below the high of ₩9,990.

What stands out

• Revenue grew from ₩1.03T in 2021 to ₩1.68T in 2025, but net income fell from ₩43.8B in 2024 to ₩20.3B in 2025.
• Trailing operating income of ₩37.9B is lower than the ₩61.7B recorded for full-year 2025, so profitability has weakened in 2026 so far.
• Cash of ₩188.6B exceeds borrowings of ₩43.5B on the reported figures, but trailing free cash flow is negative.
• The filings include a corporate value-up plan (22 Oct 2026), a change of CEO (9 Jul 2026), and an adjustment of conversion price (29 Jul 2026).
• Price-to-book is about 0.2 and the reported dividend yield is 1.4%. The data shows no news headlines for the period.
• The discounted cash flow model gives a base value of ₩19,939, far above the current price, but this is a model output rather than a forecast, and the bear case is ₩587.

What to watch

• Details and implementation of the corporate value-up plan, which is not described in the data provided.
• Full-year 2026 results and whether margins recover from the trailing 2.2% operating level.
• Effects of the conversion price adjustment and the CEO change on the share count and management direction.