Samyang Comtech삼양컴텍

Samyang Comtech is profitable on trailing numbers, but its shares have fallen about 65% over the past year.

Samyang Comtech makes armour and protective products for tanks, armoured vehicles and helicopters, selling to government agencies, system integrators and overseas defence contractors. On trailing results to H1 2026 it reports revenue of ₩152.4B...

What stands out

• Trailing revenue is about ₩152.4B with an operating margin of 17.5% and a net margin of 18.7%, close to the 2025 full-year levels of 17.2% operating margin.
• Revenue growth for 2025 is not shown in the data, so the trend in top-line sales cannot be confirmed from these figures.
• At ₩6,110 the shares trade at about 8.8x trailing earnings and 1.5x book value, below several listed defence peers such as Hanwha Aerospace at 20.7x.
• The company pays no dividend, although an interim dividend ex-date appeared in the filings on 2026-09-28.
• Foreign ownership fell from 4.3% to 4.0% over 60 days, and foreign investors were net sellers over the last 20 days.
• Cash of ₩7.5B sits against borrowings of ₩8.0B, and liabilities are 68.6% of equity.

What to watch

• The 52-week range runs from ₩4,710 to ₩18,070, and the base-case DCF value in the data is ₩8,074, with bear and bull cases of ₩5,336 and ₩12,640.
• Upcoming IR events and any formal results filings, since the data does not include a next earnings date.
• Insider shareholding reports, which were filed in bulk on 2026-09-14; the data does not say what they show.