Woorison F&G우리손에프앤지

Woorison F&G is a small, low-valued Korean pork producer whose profits have fallen sharply from 2021 levels, though recent half-year figures are steadier.

Woorison F&G breeds and sells hogs and runs a pork processing and distribution business, with 21 direct-management farms plus contract farms. Trailing twelve-month revenue is about ₩294.9B with operating income of ₩35.1B and net income of ₩27.3B, and the shares trade at ₩1,479, well below the 52-week high of ₩2,150. The data does not include analyst ratings or price targets.

What stands out

• Trailing revenue of ₩294.9B and operating margin of 11.9% are roughly in line with 2025, but well below the 15% margin in 2021.
• Net income fell from ₩27.7B in 2021 to ₩1.5B in 2023 before recovering to ₩27.3B on a trailing basis.
• Valuation screens look low: about 3.8x earnings, 0.3x book and a 10.1% dividend yield, while the company carries ₩168.6B in borrowings against ₩82.1B in cash.
• The DCF model gives a base value of ₩5,844 per share, a bear case of ₩2,797 and a bull case of ₩11,887, but these are model outputs with a 5.9% discount rate, not forecasts.
• Recent filings include a corporate value-up plan published in March and again in October 2026, and the data shows no recent news headlines.

What to watch

• The next quarterly or annual results, to see whether margins hold near the trailing 11.9% level.
• Details of the October 2026 corporate value-up plan and any follow-up filings.
• Debt levels, with liabilities at 61.8% of equity and borrowings well above cash, and the hog and pork price cycle that drives margins.