Announcement • May 02
Samyang Foods Launches Buldak Mac & Cheese in the U S Market Samyang Foods, the global culinary pioneer behind the viral Buldak heat sensation, announced the official launch of Buldak Mac & Cheese. Buldak has become a top-of-mind icon for consumers and fans seeking intense heat and bold taste experiences. This strategic expansion brings Samyang's legendary spice profile to the heart of American comfort food, marking its first entry into the category with a bold and disruptive new take on a beloved classic. The U.S. Mac & Cheese market has seen a recent slowdown in meaningful innovation, creating a clear opportunity for fresh perspectives and modern flavor expression. Buldak Mac & Cheese enters the category as a bold new disruptor challenging the traditionally mild, often stagnant aisle with a punch of globally inspired heat and creativity. As an exclusive launch at Walmart, the brand is introducing a new level of innovation to the shelf, delivering a next-generation take on Mac & Cheese designed to resonate with today's evolving consumer palate. Launching in two bold varieties, Sweet Corn Buldak Mac & Cheese and the fan-favorite Carbonara Buldak Mac & Cheese deliver a unique fusion of creamy indulgence and signature heat. Both flavors will be available exclusively at Walmart from May through late fall, offering consumers a craveable and elevated experience that redefines expectations for the category. Buldak Mac & Cheese brings together high-quality pasta and rich cheese sauce with the authentic, world-renowned spicy kick of Buldak, delivering a bold flavor fusion designed to stand out. The launch builds on the brand's sustained cultural momentum, fueled by a constant stream of user-generated content and viral social engagement across platforms. From viral taste tests to creative recipe hacks, fans continue to drive discovery and conversation organically, reinforcing Buldak's position at the center of heat-driven food culture. Over the past decade, Buldak has consistently surfaced across social media feeds and algorithms, building a strong digital presence and a loyal fanbase driven by ongoing viral momentum and engagement. In addition to product innovation, the launch is also sparking early organic consumer conversation around the evolving Buldak character universe. Consumers are engaging with the new character design in real time, with initial reactions ranging from confusion to growing speculation and discussion around the character, including references and curiosity about Peppo. This dialogue reflects both a strong emotional attachment to Hochi and an active interest in the brand's evolving narrative. Rather than a redesign or replacement, Samyang is intentionally expanding the Buldak universe by introducing Peppo as a new character that exists alongside Hochi within a broader, evolving brand world. This real-time discovery highlights the depth of consumer engagement and reinforces the cultural relevance of the brand even ahead of full-scale rollout. Buldak Mac & Cheese is rolling out nationwide and will be available exclusively at Walmart.com from May through late fall. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,370,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 1,081% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,040,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 772% over the past three years. Announcement • Feb 11
Samyang Foods Co., Ltd., Annual General Meeting, Mar 26, 2026 Samyang Foods Co., Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 159, toegye-ro, jung-gu, seoul South Korea Announcement • Nov 07
bb.q Chicken and Samyang Launch Buldak on Cheesling bb.q Chicken is teaming up with the global food company Samyang Foods to debut Buldak on Cheesling--a U.S. exclusive, limited-time menu item. Launching on November 10, this collaboration combines bb.q's signature Cheesling chicken with Samyang's legendary Buldak sauce, creating a bold, spicy-cheesy fusion that promises to excite the taste buds. bb.q's Cheesling chicken is a fan-favorite signature, known for its crispy fried exterior coated in a rich, expansive layer of cheese. Loved for its satisfying crunch and creamy flavor, Cheesling has long been celebrated for its irresistible crunch and flavor. This new collaboration adds the fiery kick of Samyang's signature Buldak sauce, delivering a bold twist that elevates the beloved classic to an entirely new level. This collaboration brings together two of Korea's most iconic food brands. bb.q Chicken, a leading Korean fried chicken brand with more than 200 locations across the U.S., joins forces with Samyang, the creator of the beloved Buldak ramen and sauce, which has captured the hearts of fans worldwide -- especially Gen Alpha. Together, they offer a unique combination of cheese and spice that showcases the global appeal of Korean cuisine. Buldak on Cheesled will be available nationwide in participating U.S. locations for a limited time from November 10 to December 10, with availability continuing through the end of the December while supplies last. Fans can enjoy the perfect balance of creamy cheese and bold heat in the exclusive menu item. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩1,601,000, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 1,373% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩3,003,350 per share. Upcoming Dividend • Aug 19
Upcoming dividend of ₩2,200 per share Eligible shareholders must have bought the stock before 26 August 2025. Payment date: 11 September 2025. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (1.9%). Announcement • Jul 30
Samyang Foods Unveils MEP, A New Spicy Noodle Soup Brand That's Food for the Soul Samyang Foods is turning up the heat and the comfort with its newest U.S. launch: MEP! This bold new ramyeon (Korea's take on instant ramen noodles soup) is made for a generation craving comfort with a kick. Arriving in stores and online this summer, MEP delivers slurpable satisfaction in three soup-forward flavors, each one composed to stir the senses and lift mood with every sip and bite. Whether you're nursing a late-night craving or need a midday mood boost, MEP brings the kick didn't know needed. For a generation that's always online but often overwhelmed, MEP offers a delicious escape - easy to eat, hard to forget. Each bowl is filled with slow-simmered flavor, a cozy texture and a unique twist that sets it apart from traditional instant ramyeon. MEP is now available in three crave-worthy flavors: Black Pepper & Beef Flavor Ramyeon: Rich, savory beef broth layered with cracked black pepper and slow-roasted aromatics. It's peppery, steamy and soul-warming. Garlic & Clam Flavor Ramyeon: A briny, buttery broth kissed with roasted garlic and a splash of ocean presence. Think seaside comfort with an umami-packed punch. Red Pepper Chicken with Cilantro Flavor Ramyeon: Spicy chicken meets bright cilantro in this broth-forward bowl. Warming and herbaceous with a satisfying kick that lingers. MEP is currently available at Hmart, Zion Market, Hanam Chain and Amazon, in a variety of formats to fit every pantry and lifestyle – including a 4-pack multipack for $6.99, a single-serve bowl for $2.59 each. Price Target Changed • Jul 16
Price target increased by 12% to ₩1,516,000 Up from ₩1,353,571, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of ₩1,476,000. Stock is up 142% over the past year. The company is forecast to post earnings per share of ₩57,386 for next year compared to ₩36,468 last year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,464,000, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 1,329% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩2,547,118 per share. Price Target Changed • Jul 08
Price target increased by 7.6% to ₩1,429,333 Up from ₩1,328,571, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of ₩1,438,000. Stock is up 134% over the past year. The company is forecast to post earnings per share of ₩56,713 for next year compared to ₩36,468 last year. Announcement • Jun 04
Samyang Foods Relaunches Instant Pasta Brand in the U.S., with New Look and Flavors Samyang Foods announced that it is reintroducing a different kind of instant noodle to the U.S. - instant pasta! Initially launched in 2023, Tangle is making a successful return to American grocery stores this year, with a fresh new look and four delectable flavors. Tangle is a revolutionary one-pot pasta (all-in-one pasta bowl) that combines bold flavor with effortless convenience. Driven by a passion for creating delicious, hassle-free meals, it features bouncy noodles paired with distinctive, chef-inspired sauces. Each bowl is designed to offer a filling, high-quality meal that's hot and ready in 5 minutes. Beyond convenience, Tangle also packs nutritional value, offering 15 grams of protein and 4-7 grams of fiber per serving. Tangle is available in four crave-worthy varieties tailored to American tastes: Tangle Garlic Oil: A nod to the Italian classic aglio e olio, this pasta features roasted garlic, premium Spanish olive oil and a dash of crushed red pepper for a subtle kick. Tangle Creamy Mushroom: A luxuriously creamy pasta, infused with deep umami from a blend of truffle, white mushrooms and shiitake mushrooms. Tangle Chunky Tomato: A hearty, comforting dish with generous chunks of tomato, elevated by robust notes of garlic and onion. Tangle Bulgogi Alfredo: A unique East-meets-West fusion, combining the sweet and savory essence of Korean garlic with rich, creamy Alfredo-style sauce and hints of bok choy, carrots, and onions. More than a fast fix, Tangle offers a fresh take on everyday dining that is perfect for busy professionals, on-the-go students, or anyone looking for a flavorful upgrade to their routine. With modern flavors and a streamlined experience, Tangle invites consumers to rethink what pasta can be - delicious and effortless. Tangle is currently available at Kroger and Asian grocery stores nationwide, as well as online via Amazon.com, and will be launching at BJ's Wholesale Club starting in July. All four flavor varieties come in single-serve bowls for $2.99 each, or multi-packs for $8.49 per 4-piece bundle. Reported Earnings • May 21
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₩13,292 (up from ₩8,918 in 1Q 2024). Revenue: ₩529.0b (up 37% from 1Q 2024). Net income: ₩99.1b (up 49% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Food industry in South Korea. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 17
Price target increased by 7.2% to ₩1,198,462 Up from ₩1,117,692, the current price target is an average from 13 analysts. New target price is approximately in line with last closing price of ₩1,180,000. Stock is up 164% over the past year. The company is forecast to post earnings per share of ₩56,657 for next year compared to ₩36,468 last year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩1,177,000, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 1,240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩1,784,938 per share. Price Target Changed • May 08
Price target increased by 7.8% to ₩1,117,692 Up from ₩1,036,750, the current price target is an average from 13 analysts. New target price is 15% above last closing price of ₩972,000. Stock is up 214% over the past year. The company is forecast to post earnings per share of ₩47,957 for next year compared to ₩36,468 last year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩922,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 8x in the Food industry in South Korea. Total returns to shareholders of 829% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₩519,485 per share. New Risk • Mar 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Announcement • Feb 12
Samyang Foods Co., Ltd., Annual General Meeting, Mar 26, 2025 Samyang Foods Co., Ltd., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 104, opaesan-ro 3-gil, seongbuk-gu, seoul South Korea Price Target Changed • Feb 08
Price target increased by 9.5% to ₩895,545 Up from ₩817,778, the current price target is an average from 11 analysts. New target price is 11% above last closing price of ₩810,000. Stock is up 356% over the past year. The company is forecast to post earnings per share of ₩35,088 for next year compared to ₩16,929 last year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩807,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 7x in the Food industry in South Korea. Total returns to shareholders of 775% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩598,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Food industry in South Korea. Total returns to shareholders of 622% over the past three years. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩7,892 (vs ₩5,064 in 3Q 2023) Third quarter 2024 results: EPS: ₩7,892 (up from ₩5,064 in 3Q 2023). Revenue: ₩439.0b (up 31% from 3Q 2023). Net income: ₩58.9b (up 56% from 3Q 2023). Profit margin: 13% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Food industry in South Korea. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩602,000, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 7x in the Food industry in South Korea. Total returns to shareholders of 675% over the past three years. Upcoming Dividend • Aug 19
Upcoming dividend of ₩1,500 per share Eligible shareholders must have bought the stock before 26 August 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.8%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩525,000, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 502% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩705,000, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 10x in the Food industry in South Korea. Total returns to shareholders of 691% over the past three years. Major Estimate Revision • May 18
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from ₩1.40b to ₩1.57b. EPS estimate increased from ₩20,488 to ₩32,708 per share. Net income forecast to grow 93% next year vs 27% growth forecast for Food industry in South Korea. Consensus price target up from ₩296,667 to ₩516,667. Share price rose 37% to ₩446,500 over the past week. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 37% After last week's 37% share price gain to ₩446,500, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 446% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩260,500, the stock trades at a trailing P/E ratio of 15.4x. Average forward P/E is 8x in the Food industry in South Korea. Total returns to shareholders of 196% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩16,929 (vs ₩10,665 in FY 2022) Full year 2023 results: EPS: ₩16,929 (up from ₩10,665 in FY 2022). Revenue: ₩1.19t (up 31% from FY 2022). Net income: ₩126.3b (up 58% from FY 2022). Profit margin: 11% (up from 8.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Food industry in South Korea. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩200,000, the stock trades at a trailing P/E ratio of 15.3x. Average forward P/E is 9x in the Food industry in South Korea. Total returns to shareholders of 138% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩600 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 22 April 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (1.9%). Announcement • Sep 27
Samyang Foods Extends Global Reach with Korean Pasta Brand Tangle Samyang Foods unveiled Tangle, an overseas air dried pasta brand exclusively available abroad. The brand launched its first product, Tangle Bulgogi Alfredo Tangluccine, an instant pasta with flavors inspired by traditional Korean flavors. The premium air dried noodles, born at the new factory in Miryang, Korea, are a result of a long period of boiling, followed by a long period of low-temperature drying to achieve bouncy textures similar to hand-pulled noodles. The name "Tangluccine" combines "tangle," meaning bouncy in Korean, with "fettuccine," referring to the flat, wide noodles. Along with the name, Tangle's unique differentiated brand design has been awarded the 2023 Good Design Award in the area of Brand Design. Tangle Bulgogi Alfredo Tangluccine is an accessible approach for American consumers, adding the distinct Korean flavor of Bulgogi to the already familiar Alfredo sauce. The sauce for this Korean pasta adds a savory and sweet touch to create a distinct flavor that is unique to the brand. The newly launched product offers a Korean twist to everyday pasta, offering air dried noodles that's easy to enjoy even for those unfamiliar with Korean cuisine. With a convenient one-pot cooking method, the air dried noodles, along with all the contents of the package, are able to be cooked in one pot without having to drain the water. The new Tangle Bulgogi Alfredo Tangluccine has been released in U.S. and Canada, with plans to extend availability to Europe, Oceania, the Middle East, and Asia in the future. In order to better deliver information about this premiumKorean pasta brand, Samyang Foods has established a brand site. Product information and Tangle recipes can be accessed via QR code on the product package. Through Tangle, Samyang Foods hopes to sustainably expand its Korean pasta products, creating and leading this new K-pasta market. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩136,100, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Food industry in South Korea. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩123,500, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Food industry in South Korea. Negligible returns to shareholders over past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩10,665 (vs ₩7,481 in FY 2021) Full year 2022 results: EPS: ₩10,665 (up from ₩7,481 in FY 2021). Revenue: ₩909.0b (up 42% from FY 2021). Net income: ₩79.8b (up 42% from FY 2021). Profit margin: 8.8% (in line with FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Food industry in South Korea. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Dec 29
Price target increased to ₩145,000 Up from ₩134,000, the current price target is an average from 2 analysts. New target price is 14% above last closing price of ₩127,000. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₩9,756 for next year compared to ₩7,481 last year. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: ₩4,145 (vs ₩1,978 in 3Q 2021) Third quarter 2022 results: EPS: ₩4,145 (up from ₩1,978 in 3Q 2021). Revenue: ₩211.5b (up 31% from 3Q 2021). Net income: ₩31.1b (up 109% from 3Q 2021). Profit margin: 15% (up from 9.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Food industry in South Korea. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock is up 1.9%. The fair value is estimated to be ₩132,948, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 7.1% in 2 years. Earnings is forecast to grow by 6.4% in the next 2 years. Reported Earnings • May 22
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: ₩2,443 (up from ₩1,733 in 1Q 2021). Revenue: ₩202.2b (up 44% from 1Q 2021). Net income: ₩19.1b (up 46% from 1Q 2021). Profit margin: 9.4% (up from 9.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 8.1%, compared to a 7.6% growth forecast for the industry in South Korea. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • May 14
Samyang Foods Introduces Buldak at Europe's larger K-Pop Festival Samyang Foods announced on May 13 that it will participate in the KPOP.FLEX Korea Festival to be held in Frankfurt, Germany from May 14th to 15th to promote Buldak, Korean noodles that has a secret spicy sauce. The KPOP.FLEX Korea Festival, hosted by the Consulate General of the Republic of Korea in Frankfurt/M and the Korea Tourism Organization, is a large-scale Korean festival where people can experience Korean culture and K-pop related events and activities. The main event which will be held in the form of a K-Pop concert will be held during the two-day event, and will feature performances from EXO Kai, NCT Dream, (G)I-DLE, ENHYPEN, Mamadou, etc. Samyang Foods plans to establish a Buldak promotional booth at the festival and will introduce the Buldak brand to K-pop fans in Europe. During the event, Samyang Foods collaborated with a local German chef to develop a localized dish using Buldak and a carbonara-flavored Buldak which will be served as samples at food trucks. In addition, various Buldak merchandise will be presented through a photo event for social media. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 14
Samyang Foods Co., Ltd. (KOSE:A003230) acquired Jeju Milk Inc. Samyang Foods Co., Ltd. (KOSE:A003230) acquired Jeju Milk Inc. on April 13, 2022.
Samyang Foods Co., Ltd. (KOSE:A003230) completed the acquisition of Jeju Milk Inc. on April 13, 2022. Announcement • Feb 10
Samyang Foods Co., Ltd. (KOSE:A003230) announces an Equity Buyback for KRW 7,000 million worth of its shares. Samyang Foods Co., Ltd. (KOSE:A003230) announces a share repurchase program. Under the program, the company will repurchase up to KRW 7,000 million worth of its shares pursuant to a contract with Korea Investment & Securities. The purpose of the program is to enhance the shareholders value and compensation for management performance of employees. The repurchase program will expire on August 8, 2022. As of February 7, 2022, the company had 409 shares in treasury with in the scope available for dividend and no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₩98,000, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Food industry in South Korea. Total returns to shareholders of 48% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of ₩800 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 22 April 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of South Korean dividend payers (2.4%). Lower than average of industry peers (1.4%). Announcement • Dec 11
Samyang Foods Co., Ltd.(KOSE:A003230) dropped from KOSPI 200 Index Samyang Foods Co., Ltd. has been removed from KOSPI 200 Index. Price Target Changed • Jun 16
Price target decreased to ₩118,600 Down from ₩134,000, the current price target is an average from 5 analysts. New target price is 31% above last closing price of ₩90,500. Stock is down 34% over the past year. Major Estimate Revision • May 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from ₩686.6m to ₩694.3m. EPS estimate fell from ₩10,400 to ₩8,009 per share. Net income forecast to shrink 10% next year vs 15% growth forecast for Food industry in South Korea . Consensus price target down from ₩144,000 to ₩138,000. Share price fell 7.6% to ₩87,900 over the past week. Is New 90 Day High Low • Feb 24
New 90-day low: ₩89,500 The company is down 15% from its price of ₩105,000 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩135,890 per share. Announcement • Feb 20
Samyang Foods Co., Ltd., Annual General Meeting, Mar 26, 2021 Samyang Foods Co., Ltd., Annual General Meeting, Mar 26, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 28
New 90-day low: ₩95,100 The company is down 1.0% from its price of ₩96,400 on 30 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩135,890 per share. Is New 90 Day High Low • Nov 02
New 90-day low: ₩96,000 The company is down 22% from its price of ₩122,500 on 04 August 2020. The South Korean market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩146,880 per share. Is New 90 Day High Low • Sep 22
New 90-day low: ₩101,500 The company is down 24% from its price of ₩133,000 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₩149,038 per share.