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Boryung Corporation (003850) AI Stock Analysis

KR:003850

Boryung Corporation

(Korea Exchange:003850)

Select Model
Rating:68Neutral
Price Target:$9,156.00â–²(10.18% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is driven primarily by solid underlying financial performance (revenue growth, moderate leverage, and positive free cash flow), supported by favorable valuation (low P/E and a dividend). These positives are tempered by bearish technical signals (negative MACD and trading below key moving averages) and the fundamental risk of ongoing gross margin compression alongside higher debt.

Positive Factors
Revenue ExpansionSustained multi-year revenue growth indicates expanding commercial activity and continued demand for Boryung’s pharmaceutical portfolio. Steady operating profitability alongside the higher sales base supports ongoing investment in product development, commercialization, and market expansion over the coming quarters.
Negative Factors
Gross Margin CompressionThe substantial decline in gross margin raises a lasting concern about product mix, pricing power, or cost absorption. If the lower margin profile persists, revenue growth may translate less effectively into operating profit and could constrain reinvestment capacity across the business.

Boryung Corporation (003850) vs. SPDR S&P 500 ETF (SPY)

-15%-10%-5%0%5%10%15%20%25%KR:003850-6.32%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 699.09B
Dividend Yield
1.93%
Average Volume (3M)
94.79K
Price to Earnings (P/E)
9.5
Beta (1Y)
0.23
Revenue Growth
6.39%
EPS Growth
29.21%
Country
KR
Employees
1,645
Sector
General
Sector Strength
55
Industry
Medical - Pharmaceuticals

Boryung Corporation Business Overview & Revenue Model

Company Description

Boryung Corporation engages in the manufacture and sale of pharmaceutical products in South Korea and internationally. It offers prescription drugs for hypertension, dyslipidemia, and diabetes drugs. The company was formerly known as Boryung Pharmace...

Boryung Corporation Financial Statement Overview

Summary

Healthy multi-year revenue expansion with steady operating profitability and currently positive free cash flow. Offsetting this, gross margin has compressed materially into the mid‑20% range (TTM) and debt has stepped up versus 2024, while cash flow has been volatile year-to-year.

Income Statement

74Positive

Balance Sheet

70Positive

Cash Flow

67Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.06T1.02T1.02T859.63B760.48B627.28B
Gross Profit365.26B352.49B363.36B353.43B307.19B264.94B
EBITDA137.18B108.59B114.81B110.24B106.80B81.82B
Net Income120.58B64.30B69.63B40.20B41.89B43.04B
Balance Sheet
Total Assets1.53T1.41T1.16T915.51B892.39B828.64B
Cash, Cash Equivalents and Short-Term Investments135.03B254.68B191.85B20.05B17.92B201.44B
Total Debt388.86B330.02B168.61B204.22B208.25B215.50B
Total Liabilities635.65B567.56B379.58B366.26B375.97B354.33B
Stockholders Equity894.81B845.50B784.50B548.75B515.92B473.86B
Cash Flow
Free Cash Flow124.80B111.74B60.51B18.88B-95.18B849.90M
Operating Cash Flow150.19B133.18B80.56B42.22B27.81B60.17B
Investing Cash Flow-255.59B-226.68B-40.84B-29.16B-147.65B-47.76B
Financing Cash Flow23.50B135.71B128.38B-12.65B-14.65B111.99B

Boryung Corporation Technical Analysis

Technical Analysis SentimentNegative
Last Price8310.00

Price Trends

50DMA8644.80Negative
100DMA8564.00Negative
200DMA9005.10Negative

Market Momentum

MACD-67.44Negative
RSI43.52Neutral
STOCH15.63Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:003850, the sentiment is Negative. The current price of 8310.00 is below the 20-day moving average (MA) of 8428.50, below the 50-day MA of 8644.80, and below the 200-day MA of 9005.10, indicating a bearish trend. The MACD of -67.44 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 15.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:003850.

Boryung Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:003850 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:001060KR:00106071OutperformKRW 555.42B5.49―2.83%10.50%96.29%
KR:003850KR:00385068NeutralKRW 702.03B9.47―1.93%6.39%29.21%
KR:003090KR:00309062NeutralKRW 617.86B3.25―1.32%4.55%116.82%
KR:185750KR:18575057NeutralKRW 831.41B10.46―0.79%7.15%29.88%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
KR:002390KR:00239044NeutralKRW 113.00B-10.81―2.44%7.15%59.41%

* General Sector Average

Performance Comparison

-25%0%25%50%KR:003850KR:001060KR:002390KR:003090KR:086450KR:185750Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:003850 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:003850Boryung Corporation8310.00-461.66-5.26%
KR:001060JW Pharmaceutical Corporation23000.00-645.26-2.73%
KR:002390Handok, Inc.8210.00-2848.67-25.76%
KR:003090Daewoong Co., Ltd.15110.00-6496.22-30.07%
KR:086450DongKook Pharmaceutical Co., Ltd.23450.006091.6135.09%
KR:185750Chong Kun Dang Pharmaceutical Corp.63100.00-19812.28-23.90%
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