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Sam Yang Foods (003230) Fair Value & Analysis

Consumer Defensive · KR · Market cap 8.5T KRW (≈ $5.9B) · ISIN KR7003230000

What is Sam Yang Foods really worth?

SY Sam Yang Foods 003230 · KO
Price1,417,000 KRW
Fair Value1,010,543 KRW
Upside−28.7%
Quality60/100

A solid business, but trading 40% above our fair value of 1,010,543 KRW.

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Strengths

Solidly profitable · 17.1% net margin
Ranks above peers (7/10)
Wide moat 81/100

Risks

!Expensive Growth (revenue 5y +29.4 %/yr)
!Low debt · negative free cash flow
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 7 out of 100

For context

·0.37% dividend yield
Evidence: Medium Range 754,340 KRW – 1,266,747 KRW

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 22 days ago

Share price +23.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (1,266,747 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

1,626,591 KRW 73,897 KRW Fair Value 1,010,543 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 73,897 KRW – 1,626,591 KRW · fair‑value band 754,340 KRW – 1,266,747 KRW · the 1,417,000 KRW price screens above the 1,010,543 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sam Yang Foods (003230) currently trades at 1,417,000 KRW, while our model-based Fair Value estimate is 1,010,543 KRW, implying the stock looks roughly 40.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of 1,220,739 KRW per share, and 1 of the 16 models we run sit above the 1,417,000 KRW price. Bear case: the Asset-Based group reads lowest at 112,777 KRW, and 15 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Sam Yang Foods generated revenue of 2.5T KRW at a net margin of 17.1%. Revenue grew 35.0% year over year. It earns a return on equity of 37.4%. Net debt stands at 106B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 754,340 KRW (bear case) to 1,266,747 KRW (bull case); at 1,417,000 KRW, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −27% fair-value upside, at −29%, 003230 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence 637,379 KRW 749,007 KRW 848,231 KRW 74
ROIC Compounder 740,526 KRW 1,011,055 KRW 1,368,864 KRW 71
EV/EBITDA 773,431 KRW 1,029,635 KRW 1,285,838 KRW 67
All 16 models by family
Earnings-Based
Graham-Dodd 355,072 KRW 2,047,352 KRW 2,847,785 KRW 63
Lynch FV 577,515 KRW 825,021 KRW 1,072,527 KRW 61
PEG = 1.0 577,515 KRW 825,021 KRW 1,072,527 KRW 57
EPV best evidence 637,379 KRW 749,007 KRW 848,231 KRW 74
Dividend Discount
Gordon GGM 38,476 KRW 84,000 KRW 141,333 KRW 65
DDM Multi-Stage 38,476 KRW 68,810 KRW 87,541 KRW 66
Multiples
P/E Multiple 822,410 KRW 1,096,547 KRW 1,370,684 KRW 63
P/S Multiple 378,398 KRW 504,531 KRW 630,664 KRW 58
P/B Multiple 665,761 KRW 887,681 KRW 1,109,601 KRW 55
EV/EBIT 900,944 KRW 1,199,652 KRW 1,498,360 KRW 66
EV/EBITDA 773,431 KRW 1,029,635 KRW 1,285,838 KRW 67
EV/Revenue 335,920 KRW 477,819 KRW 619,718 KRW 53
Asset-Based
NCAV (Graham) 84,162 KRW 112,777 KRW 168,323 KRW 54
Economic Profit
Residual Income 432,205 KRW 671,934 KRW 8,502,807 KRW 64
ROIC Compounder 740,526 KRW 1,011,055 KRW 1,368,864 KRW 71
Growth Earnings
Growth-Adj P/E 854,517 KRW 1,220,739 KRW 1,586,960 KRW 67

Widest divergence: Growth Earnings (1,220,739 KRW) versus Dividend Discount (68,810 KRW). Highest evidence: EPV (74).

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Key figures & financial health

P/S ratio 3.29 TTM
Dividend yield 0.4%
Net margin 16.6% FY2025
Return on equity 37.4% TTM
Return on assets (EBIT) 15.3% avg 5y
Operating margin 24.8% TTM
More key figures
Growth
Revenue (TTM) 2.5T KRW TTM
Revenue growth (YoY) +35.0% 3y avg +37.3%
EPS growth (YoY) +44.4%
Balance sheet & cash flow
Free cash flow −155B KRW FY2025
Net debt 106B KRW FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 48

Profitability 87
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Samyang Foods Co., Ltd., together with its subsidiaries, manufactures and sells food products in South Korea and internationally. It offers noodles, snacks, sauces, seasonings, dairy products, and frozen food under the Samyang 1963, Samyang Ramyun, Buldak, Map Tank, Pulse Lab, Jjajjaroni, and Tangled brand names.

Full company description

Samyang Foods Co., Ltd., together with its subsidiaries, manufactures and sells food products in South Korea and internationally. It offers noodles, snacks, sauces, seasonings, dairy products, and frozen food under the Samyang 1963, Samyang Ramyun, Buldak, Map Tank, Pulse Lab, Jjajjaroni, and Tangled brand names. The company also engages in cardboard processing and sale; vegetable soup selection and packaging; grain manufacturing; livestock farming; other processed food wholesale; warehousing and transportation; dealership; and investment activities. It exports its products. The company was founded in 1961 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sam Yang Foods reported revenue of 2.4T KRW in FY2025 versus 642B KRW in FY2021, a compound +38.3%/yr. Reported net income was 389B KRW in FY2025, compounding +62.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.4T KRW
Latest YoY
+36.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+37.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.4%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.0%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+46.3% (45.9 + 0.4)
Revenue +38.3%/yr
FY21 642B KRW
FY22 909B KRW
FY23 1.2T KRW
FY24 1.7T KRW
FY25 2.4T KRW
Net income +62.1%/yr
FY21 56.3B KRW
FY22 79.8B KRW
FY23 126B KRW
FY24 272B KRW
FY25 389B KRW

003230 screens 40% overvalued. Compare with Nestlé S.A →

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Cite: Fair Value Calculator (2026). "Sam Yang Foods Fair Value". https://www.fairvalue-calculator.com/stock/003230

Peer Group

Packaged Foods · 648 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside −29% · Below median
Return on equity (TTM) 37% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

PEG 0.48× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 25
FUTURE100 · sector 21
PAST100 · sector 28
HEALTH88 · sector 96
DIVIDEND7 · sector 53

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé S.A NESN CHF 78.62 CHF 57.26 −27%
Danone S.A BN €64.28 €48.41 −25%
Nestlé India Limited NESTLEIND ₹1,478 ₹251.94 −83%
The Kraft Heinz Company KHC $25.13 $24.59 −2%
Foshan Haitian Flavouring and Food Company 603288 ¥35.05 ¥21.93 −37%
Inner Mongolia Yili Industrial Group 600887 ¥25.51 ¥32.50 +27%
Yihai Kerry Arawana Holdings 300999 ¥25.28 ¥9.89 −61%
General Mills, Inc GIS $40.44 $28.32 −30%
Wilmar International Limited F34 3.64 SGD 3.89 SGD +7%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 −68%

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Frequently asked questions

Is Sam Yang Foods (003230) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1,010,543 KRW versus a price of 1,417,000 KRW, about −29% upside (overvalued).
What is the fair value of 003230?
Our model-based fair value for Sam Yang Foods is 1,010,543 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 1,417,000 KRW.
What is the quality score of 003230?
Sam Yang Foods has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sam Yang Foods (003230)?
Sam Yang Foods reported trailing-twelve-month revenue of about 2.5T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 003230?
The net profit margin of Sam Yang Foods is about 17.1%, meaning it keeps roughly 17.1% of revenue as net income. Based on the latest reported figures.
Does Sam Yang Foods pay a dividend?
Sam Yang Foods currently shows a dividend yield of about 0.37% relative to its recent price (as of Aug 13, 2026).
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