New Risk • 21h
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.0% per year over the past 5 years. Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩149.2b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (165% cash payout ratio). Market cap is less than US$100m (₩149.2b market cap, or US$99.1m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₩14,350, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 13x in the Packaging industry in South Korea. Total loss to shareholders of 14% over the past three years. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: ₩1,156 (vs ₩1,310 in FY 2024) Full year 2025 results: EPS: ₩1,156 (down from ₩1,310 in FY 2024). Revenue: ₩420.2b (down 6.2% from FY 2024). Net income: ₩17.7b (down 14% from FY 2024). Profit margin: 4.2% (down from 4.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 24
Now 20% overvalued Over the last 90 days, the stock has fallen 8.2% to ₩12,790. The fair value is estimated to be ₩10,655, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 6.1%. Duyuru • Feb 04
Samyang Packaging Corporation, Annual General Meeting, Mar 23, 2026 Samyang Packaging Corporation, Annual General Meeting, Mar 23, 2026, at 10:30 Tokyo Standard Time. Location: conference room, 31, jong-ro 33-gil, jongno-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 09 April 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩810 (vs ₩653 in 3Q 2024) Third quarter 2025 results: EPS: ₩810 (up from ₩653 in 3Q 2024). Revenue: ₩125.3b (up 3.0% from 3Q 2024). Net income: ₩12.9b (up 27% from 3Q 2024). Profit margin: 10% (up from 8.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩500 announced Dividend of ₩500 is the same as last year. Ex-date: 29th December 2025 Payment date: 9th April 2026 Dividend yield will be 3.6%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Duyuru • Nov 07
Samyang Packaging Corporation announces Annual dividend, payable on April 09, 2026 Samyang Packaging Corporation announced Annual dividend of KRW 500.0000 per share payable on April 09, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 3.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.3% net profit margin). Buy Or Sell Opportunity • Jul 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to ₩13,880. The fair value is estimated to be ₩11,555, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 38%. Buy Or Sell Opportunity • Jul 03
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to ₩14,480. The fair value is estimated to be ₩11,427, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 38%. New Risk • May 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.7% net profit margin). Buy Or Sell Opportunity • Apr 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₩13,680. The fair value is estimated to be ₩17,108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 2.5%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 109% in the next 2 years. Duyuru • Feb 12
Samyang Packaging Corporation, Annual General Meeting, Mar 26, 2025 Samyang Packaging Corporation, Annual General Meeting, Mar 26, 2025, at 10:30 Tokyo Standard Time. Location: auditorium, 31, jong-ro 33-gil, jongno-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 02 April 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (1.8%). Duyuru • Aug 06
Samyang Packaging Corporation (KOSE:A272550) announces an Equity Buyback for KRW 3,894.34 million worth of its shares. Samyang Packaging Corporation (KOSE:A272550) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,894.34 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase is to enhance shareholder value through shareholder-friendly policies. The repurchase program will expire on February 5, 2025. As of August 5, 2024, the company had 224,300 shares within scope available for dividend and had no shares in treasury through other repurchase. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: ₩1,611 (vs ₩777 in FY 2022) Full year 2023 results: EPS: ₩1,611 (up from ₩777 in FY 2022). Revenue: ₩421.7b (up 3.5% from FY 2022). Net income: ₩25.4b (up 110% from FY 2022). Profit margin: 6.0% (up from 3.0% in FY 2022). Duyuru • Feb 17
Samyang Packaging Corporation (KOSE:A272550) announces an Equity Buyback for KRW 4,000 million worth of its shares. Samyang Packaging Corporation (KOSE:A272550) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase is to enhance shareholder value through shareholder-friendly policies. The repurchase program will expire on August 15, 2024. As of February 15, 2024, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase. New Risk • Jan 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Upcoming Dividend • Dec 20
Inaugural dividend of ₩750 per share Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 03 April 2024. This is the first dividend for Samyang Packaging since going public. The average dividend yield among industry peers is 1.6%. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Upcoming Dividend • Dec 21
Inaugural dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 03 April 2023. This is the first dividend for Samyang Packaging since going public. The average dividend yield among industry peers is 1.5%. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced 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: Insufficient board refreshment. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced 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: Insufficient board refreshment. Price Target Changed • Feb 24
Price target decreased to ₩32,000 Down from ₩39,000, the current price target is provided by 1 analyst. New target price is 39% above last closing price of ₩23,000. Stock is up 5.5% over the past year. The company posted earnings per share of ₩2,273 last year. Duyuru • Feb 09
Samyang Packaging Corporation announced that it expects to receive KRW 38.0506947 billion in funding from SK Geo Centric Co., Ltd. Samyang Packaging Corporation announced a private placement of 1,578,867 common shares at the price of KRW 24,100 per share for gross proceeds of KRW 38,050,694,700 on February 7, 2022. The transaction will include participation from SK Geo Centric Co., Ltd. The company will issue shares of par value of KRW 5,000 per share through third party allocation method. The shares will be locked up for a period of one year. The transaction has been approved by board of directors of the company. The payment date for the transaction is February 24, 2022. Upcoming Dividend • Dec 22
Inaugural dividend of ₩1,000 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 04 April 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for Samyang Packaging since going public. The average dividend yield among industry peers is 1.5%. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS ₩972 (vs ₩1,276 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₩113.1b (up 5.0% from 3Q 2020). Net income: ₩13.8b (down 24% from 3Q 2020). Profit margin: 12% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to ₩30,350, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 13x in the Packaging industry in South Korea. Total returns to shareholders of 81% over the past three years. Is New 90 Day High Low • Feb 23
New 90-day high: ₩22,450 The company is up 8.0% from its price of ₩20,800 on 25 November 2020. The South Korean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 30% over the same period. Duyuru • Feb 11
Samyang Packaging Corporation, Annual General Meeting, Mar 24, 2021 Samyang Packaging Corporation, Annual General Meeting, Mar 24, 2021, at 10:30 Korea Standard Time. Is New 90 Day High Low • Feb 04
New 90-day low: ₩19,800 The company is down 3.0% from its price of ₩20,350 on 06 November 2020. The South Korean market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 34% over the same period. Upcoming Dividend • Dec 22
First Dividend Is ₩750 Per Share Will be paid on the 8th of April to those who are registered shareholders by the 29th of December. This is the first dividend for Samyang Packaging since going public. The average dividend yield among industry peers is 2.1%.