Sajodaerim Corporation (003960) AI Stock Analysis

Sajodaerim Corporation

(Korea Exchange:003960)

Select Model

Rating:43Neutral

Price Target:KRW 23,594.00▼(-2.10% Downside)

Action:initiatedcoverage

Date:10/28/26

The score is held down primarily by weakened financial performance: despite strong revenue growth, profitability has shifted into losses, leverage has increased meaningfully, and cash flow has compressed. Technicals add further pressure with a clear downtrend (price below key moving averages and negative MACD), even though momentum is oversold. Valuation is slightly supportive due to a modest dividend, but the negative P/E reflects current losses and limits valuation confidence.

Positive Factors

Strong Revenue GrowthRevenue growth of roughly 53% demonstrates strong recent expansion in the company’s sales base. If sustained, this top-line momentum can improve operating leverage, support greater scale across packaged foods, and provide a foundation for rebuilding profitability over the next several quarters.

Negative Factors

Deteriorating ProfitabilityThe company has shifted from profits in 2023–2024 to losses in 2025 and deeper losses in the TTM period. Negative net margin and thin operating profitability leave limited room to absorb weaker pricing, mix, or cost pressure, making revenue growth less valuable unless margins recover.

Sajodaerim Corporation (003960) vs. SPDR S&P 500 ETF (SPY)

Market Cap: KRW 215.47B
Dividend Yield: 1.04%
Average Volume (3M): 6,263
Price to Earnings (P/E): -1.0
Beta (1Y): 0.20
Revenue Growth: 11.76%
EPS Growth: -394.95%
Country: KR
Employees: 828
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Sajodaerim Corporation Business Overview & Revenue Model

Company Description

Established in 1945 and headquartered in Seoul, South Korea, Sajodaerim Corporation is a key player in the Korean fishing industry. The company's diverse activities encompass fisheries, food processing, logistics, and retail. It produces, distributes...

Sajodaerim Corporation Financial Statement Overview

Summary

Strong TTM revenue growth (~53%) is outweighed by a clear deterioration in profitability (TTM net margin about -5.8%) and thin operating profitability (EBIT ~2.6%, EBITDA ~4.5%). Balance-sheet risk has increased with materially higher leverage (debt-to-equity ~1.26 vs ~0.37 in 2023) and negative returns (ROE about -31%). Cash flow remains positive but has compressed sharply (modestly positive FCF ~6bn), limiting resilience if losses persist.

Income Statement

34Negative

Balance Sheet

41Neutral

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.55T	3.50T	2.64T	2.06T	2.02T	1.81T
Gross Profit	408.29B	400.62B	368.26B	297.39B	260.47B	254.31B
EBITDA	161.17B	162.83B	194.47B	170.91B	123.19B	135.59B
Net Income	-205.70B	-78.63B	91.80B	91.34B	71.25B	62.71B
Balance Sheet
Total Assets	2.18T	2.24T	2.12T	1.26T	1.17T	1.14T
Cash, Cash Equivalents and Short-Term Investments	153.15B	183.48B	174.03B	185.44B	55.45B	95.39B
Total Debt	717.89B	719.17B	712.76B	216.84B	236.69B	334.66B
Total Liabilities	1.49T	1.45T	1.28T	552.09B	564.42B	620.77B
Stockholders Equity	567.61B	652.33B	701.57B	585.18B	497.45B	423.17B
Cash Flow
Free Cash Flow	6.36B	9.58B	119.03B	160.08B	39.77B	44.13B
Operating Cash Flow	53.49B	62.73B	153.03B	174.78B	61.22B	62.38B
Investing Cash Flow	-70.70B	-70.87B	-588.42B	-15.71B	14.07B	-42.04B
Financing Cash Flow	-15.39B	16.99B	432.84B	-16.16B	-98.37B	-39.46B

Sajodaerim Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price24100.00

Price Trends

50DMA27924.00Negative

100DMA28366.50Negative

200DMA30931.00Negative

Market Momentum

MACD-1060.20Positive

RSI27.08Positive

STOCH7.26Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:003960, the sentiment is Negative. The current price of 24100.00 is below the 20-day moving average (MA) of 25977.50, below the 50-day MA of 27924.00, and below the 200-day MA of 30931.00, indicating a bearish trend. The MACD of -1060.20 indicates Positive momentum. The RSI at 27.08 is Positive, neither overbought nor oversold. The STOCH value of 7.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:003960.

Sajodaerim Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KR:003960 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
KR:003920	55Neutral	KRW 276.86B	24.99	―	3.50%	3.02%	-36.91%
KR:001130	50Neutral	KRW 180.01B	-4.39	―	3.75%	0.95%	-177.28%
KR:007160	45Neutral	KRW 203.96B	-1.99	―	0.49%	6.88%	-1246.67%
KR:014710	45Neutral	KRW 169.09B	-5.21	―	0.51%	42.15%	-320.09%
KR:084690	44Neutral	KRW 266.83B	-3.31	―	4.24%	4.24%	-486.28%
KR:003960	43Neutral	KRW 177.14B	-1.04	―	1.04%	11.76%	-394.95%

* General Sector Average

Performance Comparison

KR:003960 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KR:003960	Sajodaerim Corporation	24100.00	-12803.59	-34.69%
KR:001130	Daehan Flour Mills Co., Ltd.	10680.00	-2540.03	-19.21%
KR:003920	Namyang Dairy Products Co., Ltd	40800.00	-10100.19	-19.84%
KR:007160	Sajo Industries Co., Ltd	40850.00	-6481.86	-13.69%
KR:014710	Sajo Seafood Co., Ltd.	9820.00	1752.77	21.73%
KR:084690	Daesang Holdings Co., Ltd	7080.00	-1798.89	-20.26%

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

Sajodaerim Corporation AI Stock Analysis