Samyang Foods Co., Ltd (003230) AI Stock Analysis

Samyang Foods Co., Ltd

(Korea Exchange:003230)

Select Model

Rating:66Neutral

Price Target:$1,223,640.00▲(7.53% Upside)

Action:initiatedcoverage

Date:10/28/26

The score is anchored by strong financial performance—especially margin expansion and very high ROE—partly offset by mixed/volatile cash flow conversion. Technicals are a material drag with the stock trading below major moving averages and negative momentum indicators, while valuation is reasonable on earnings but offers limited dividend support.

Positive Factors

Margin expansion and profitabilityThe sharp improvement in gross and net margins indicates that Samyang Foods has strengthened profitability as revenue scaled. Robust operating and EBITDA margins provide resources for marketing, product development, and overseas expansion while creating a stronger base for sustained earnings over the next several quarters.

Negative Factors

Rising absolute debtAlthough leverage relative to equity has improved, the substantial increase in absolute debt raises the company’s fixed financial commitments. If cash generation weakens, higher debt could reduce flexibility for growth investment, increase financing pressure, and make capital allocation more constrained.

Samyang Foods Co., Ltd (003230) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 8.57T
Dividend Yield: 0.35%
Average Volume (3M): 48.79K
Price to Earnings (P/E): 17.5
Beta (1Y): 0.07
Revenue Growth: 37.73%
EPS Growth: 51.86%
Country: KR
Employees: 1,877
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Samyang Foods Co., Ltd Business Overview & Revenue Model

Company Description

Samyang Foods Co., Ltd. is a prominent South Korean food manufacturer known for its diverse product line. Its offerings encompass noodles, various snack foods, dairy items, a selection of sauces, agro-fishery goods, and beef products. The company boa...

Samyang Foods Co., Ltd Financial Statement Overview

Summary

Strong profitability and margin expansion (TTM gross margin ~43.5%, net margin ~17.7%) and very high returns on equity (~37% TTM) support a high score. However, cash flow quality is mixed with volatile free cash flow history and weak cash conversion (TTM operating cash flow ~0.59x net income), which tempers the result.

Income Statement

90Very Positive

Balance Sheet

78Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.75T	2.35T	1.73T	1.19T	909.04B	642.03B
Gross Profit	1.20T	1.03T	723.22B	416.73B	251.22B	170.64B
EBITDA	700.31B	587.82B	411.86B	200.69B	131.64B	87.75B
Net Income	487.60B	387.56B	271.99B	126.26B	79.79B	56.35B
Balance Sheet
Total Assets	2.75T	2.20T	1.59T	1.17T	924.93B	753.08B
Cash, Cash Equivalents and Short-Term Investments	749.31B	378.08B	349.78B	241.03B	133.70B	165.47B
Total Debt	673.00B	502.65B	372.92B	341.54B	280.74B	207.17B
Total Liabilities	1.20T	924.96B	766.75B	593.51B	470.17B	357.39B
Stockholders Equity	1.53T	1.26T	816.85B	564.82B	452.96B	390.39B
Cash Flow
Free Cash Flow	211.89B	-146.83B	124.48B	118.71B	-46.51B	-83.13B
Operating Cash Flow	446.45B	305.39B	357.90B	168.10B	47.79B	58.36B
Investing Cash Flow	-284.69B	-488.96B	-214.31B	-23.71B	-99.82B	-173.07B
Financing Cash Flow	133.52B	184.06B	-34.87B	-20.07B	37.08B	125.20B

Samyang Foods Co., Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price1138000.00

Price Trends

50DMA1283451.45Negative

100DMA1215947.90Negative

200DMA1213668.30Negative

Market Momentum

MACD-28460.86Positive

RSI41.46Neutral

STOCH29.93Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:003230, the sentiment is Negative. The current price of 1138000.00 is below the 20-day moving average (MA) of 1191150.00, below the 50-day MA of 1283451.45, and below the 200-day MA of 1213668.30, indicating a bearish trend. The MACD of -28460.86 indicates Positive momentum. The RSI at 41.46 is Neutral, neither overbought nor oversold. The STOCH value of 29.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:003230.

Samyang Foods Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:003230 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KR:026960	80Outperform	KRW 2.81T	19.44	―	4.01%	6.33%	1.40%
KR:271560	76Outperform	KRW 4.54T	10.63	―	4.57%	11.25%	-20.45%
KR:282330	66Neutral	KRW 2.30T	10.67	―	3.09%	5.12%	19.90%
KR:003230	66Neutral	KRW 8.49T	17.52	―	0.35%	37.73%	51.86%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:097950	49Neutral	KRW 2.67T	-4.09	―	3.46%	-6.75%	-591.24%
KR:139480	48Neutral	KRW 1.85T	71.90	―	3.62%	-0.91%	―

* General Sector Average

Performance Comparison

KR:003230 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:003230	Samyang Foods Co., Ltd	1138000.00	-212135.60	-15.71%
KR:026960	Dongsuh Companies, Inc.	28450.00	3062.47	12.06%
KR:097950	CJ CheilJedang Corporation	173200.00	-47238.27	-21.43%
KR:139480	E-MART Inc.	69100.00	-868.37	-1.24%
KR:271560	ORION CORP.	114800.00	18921.83	19.74%
KR:282330	BGF retail CO., LTD.	132900.00	33663.77	33.92%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 28, 2026

Samyang Foods Co., Ltd AI Stock Analysis