Samyang NC Chem삼양엔씨켐

Samyang NC Chem is profitable and growing, but its share price has fallen 14% over the past month to ₩12,000.

The company makes specialty chemicals for semiconductor photoresist and cleaning processes. For the trailing twelve months to H1 2026 it reported revenue of ₩142.8B, operating income of ₩21.0B and net income of ₩20.4B, with a 14.7% operating margin. The shares trade well below their 52-week high of ₩25,000, and the data shows no dividend.

What stands out

• Revenue rose 13.5% in 2025 to ₩125.4B, and operating margin improved from 9.7% in 2024 to 14.1% in 2025.
• Trailing free cash flow of ₩11.8B and cash of ₩17.2B against borrowings of ₩7.5B suggest a modest debt load, with liabilities at 19.3% of equity.
• At ₩12,000, the stock trades at about 12.9 times trailing earnings and 2.0 times book value, with the company's own DCF base value at ₩11,879.
• Foreign ownership fell from 4.1% to 2.2% over 60 days, and foreign investors were net sellers over the last 20 days while institutions were net buyers.
• The filings list include a half-year report (August 2026), an investor relations event, and routine insider shareholding reports; the news feed contained no headlines for the period.

What to watch

• The next quarterly or annual results, to see whether margins hold above 14% after the H1 2026 figures.
• Filings on large business group status and any further insider shareholding changes, given recent foreign selling.
• The data does not name specific customer concentration or semiconductor demand risks, so those should be checked in the company's own filings.