Samick THK (004380) 🔎 In-depth
KOSPI · Price as of 2026-08-06 · Updated 2026-08-09
Samick THK is a small-cap name in the machinery and equipment group, with a market capitalization of about ₩165.4 billion. Because it is a smaller company, it helps to watch not only the broad direction of the business but also how each individual filing feeds through to revenue, profit, and share count. A February 2026 filing confirmed a difficult year, with annual revenue of ₩222.2 billion, an operating loss of ₩35.5 billion, and a net loss of ₩45.0 billion. A May quarterly report, however, showed Q1 revenue back up 10.2% to ₩65.4 billion, signaling the early stage of a recovery. The point to watch is this: if the revenue rebound carries through to a return to profit, today's depressed valuation — a P/B of just 1.05x, near book value — works as a strength; but with operating and net results still in the red and a debt ratio of 149.6% alongside a current ratio of 78.0% leaving little short-term liquidity, it is worth confirming quarter by quarter whether the losses are narrowing and the revenue gains are continuing.
This page organises public market and filing data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Metrics labelled “forward” are our own unverified estimates. Please verify with the original DART filings and decide at your own responsibility.
30-second brief
Pulled directly from the computed values below — not a separately written opinion.
What do the SourceComputedEstimateReading tags mean?
Source filings and exchange data · Computed calculated from public data · Estimate our own unverified projection · Reading drafted automatically, then rule-checked. See AI & Automation.
Core valuation metric
This stock's effective sub-sector is “Machinery & Electrical Equipment” (Shipbuilding, Machinery, Defense & Power Equipment), a type typically read first through P/E.
Machinery and electrical-equipment makers build and sell industrial gear, and orders and shipments feed fairly directly into profit. Because revenue translates cleanly into current-year net income, price-to-earnings (P/E) is the natural first lens.
Price against earnings alone becomes unstable when earnings swing. Reading it together with price against assets helps gauge the downside.
That said, earnings are swinging with the industry cycle right now, so this metric is best viewed alongside asset value and the demand backdrop.
This note explains how each sector is typically valued and is educational context only, not investment advice.
At-a-glance assessment financial health · growth · profitability · valuation
- Assets that can be turned to cash within a year fall short of near-term liabilities (current ratio 78.0%).
- The most recent full-year net result was a loss.
- Revenue fell 27.0% year over year (3-year trend: falling).
- Most recent quarter (Q1 2026) revenue was 10.2% higher than a year earlier.
- ROE is -28.6% (controlling-interest basis). It is below the sector average.
- Operating margin is -16.0%.
- A sector-metric and in-depth research verdict — see “Valuation vs peers” below for the basis.
Ownership & governance As of 2020-12-31
Largest shareholder Jin Young-hwan 7.53% (individual)
Controlling bloc incl. related parties 65.12%
With the controlling bloc holding 65%, control is very secure but the free float is thin.
🔎 In-depth analysis Reading
Samick THK belongs to the machinery and equipment group; the site's substantive classification is machinery and equipment. With a market capitalization of ₩165.4 billion, it is a smaller company, so it helps to watch not only the broad direction of the business but also how each individual filing feeds through to revenue, profit, and share count.
The latest close is ₩8,670 and the market capitalization is ₩179.5 billion. The price sits above its 20-day moving average (₩7,920) and below its 60-day moving average (₩9,365). Short-term and medium-term trends are diverging, so the direction is best read separately. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 56.2, a neutral level. The one-month change is +6.4%, the three-month change is -25.2%, and the position relative to the 52-week high is -38.5%. Relative strength versus the KOSPI is 17 (on a 1-99 scale, converted from returns against the index over the past year with more weight on recent performance; higher means stronger than the market). It is stronger than roughly 16% of all stocks. Over the past three months it lagged the index by 9.3%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
Recent annual revenue was ₩222.2 billion, with an operating loss of ₩35.5 billion and a net loss of ₩45.0 billion. The operating margin was -16.0%, ROE (how much a company earns in a year on its own equity) was -28.6%, and the debt ratio (debt against equity) was 249.5%. A P/E ratio (how many times a year's earnings the share price is) cannot be calculated because of the loss, so we look at P/B (how many times book value the share price is) instead. P/B is 1.02x, meaning the share price is roughly in line with the company's book net assets. Against assets, then, the price is not richly valued, and the assessment also reads the valuation as 'Undervalued.' That said, the cheap price today reflects the weakness of the loss, so what matters more than the price itself is whether earnings turn positive.
Revenue fell from ₩315.6 billion in 2023 to ₩304.4 billion in 2024 and ₩222.2 billion in 2025, so the last three years have been a downtrend. Operating profit also swung from a ₩6.9 billion profit in 2023 to a ₩35.5 billion loss in 2025. The change began in the most recent quarter: Q1 2026 revenue rose 10.2% year on year to ₩65.4 billion. The same quarter's operating result (-₩3.8 billion) and net result (-₩4.2 billion) are still losses, but revenue turning back to growth is a meaningful shift. Full-year 2026 revenue is seen at about ₩255.2 billion, reflecting Q1 results and prior quarterly trends — a recovery from the prior year. Whether earnings flip into the black is still to be confirmed, however, so the follow-through from revenue recovery to profit should be watched in the next quarter's results.
The 2026-02-06 filing on a change in revenue or profit/loss structure of 30% or more (15% for large corporations) confirmed annual revenue of ₩222.2 billion, an operating loss of ₩35.5 billion, and a net loss of ₩45.0 billion. Because the loss was sizable, it is worth checking whether one-off factors were mixed in and whether it aligns with the annual trend. On 2026-02-27 there was a cash and stock dividend decision, a point at which to check the terms and cash capacity for whether shareholder returns continue even amid losses. The 2026-05-15 quarterly report disclosed Q1 2026 revenue of ₩65.4 billion, an operating loss of ₩3.8 billion, and a net loss of ₩4.2 billion, showing in figures that revenue has begun to grow again.
The strengths are clear. The share price has fallen to around book value (a P/B of 1.05x), so it is not expensive against assets; the RSI is near a floor; and above all, the most recent quarter's revenue turned back up 10.2%. In other words, at the early stage of an earnings recovery, the price is already sufficiently depressed. The cautions are equally clear. Operating and net results are still in the red, and with a debt ratio of 149.6% and a current ratio of 78.0%, short-term liquidity is tight. In short, if the revenue recovery carries through to a return to profit, today's low valuation works as a strength, but if losses persist or funding pressure builds, it weakens. The core of watching this stock, then, is confirming whether the loss narrows quarter by quarter and whether revenue growth continues.
🔎 Valuation vs peers Undervalued
A peer set of machinery and equipment names with nearby market capitalization.
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| KZ Precision | 20.70x | 0.31x | 2.46% |
| Avaco | 5.70x | 0.78x | 12.91% |
| Innotech | 13.77x | 1.71x | 14.22% |
We prioritized a public-data peer set within machinery and equipment with nearby market capitalization. The current P/E ratio (how many times a year's earnings the share price is) cannot be confirmed, and P/B (how many times book value the share price is) is 1.18x. That said, smaller-cap names are heavily affected by earnings swings and financing filings, so we did not draw firm conclusions from last year's confirmed-results metrics alone. The basis for the outlook box is a DART seasonality approximation.
Earnings outlook Estimate company-stated · verified
| Type | Period | Revenue | Operating profit | Net profit |
|---|---|---|---|---|
| This year | 2026 | ₩255.2 billion | — | — |
| Next quarter | Q2 2026 | ₩63.4 billion | — | — |
Price history Close · MA20 · MA60
The latest close is ₩8,670 and the market capitalization is ₩179.5 billion. The price sits above its 20-day moving average (₩7,920) and below its 60-day moving average (₩9,365). Short-term and medium-term trends are diverging, so the direction is best read separately. The RSI (a supplementary indicator that gauges the strength of gains versus losses over the past 14 days on a 0-100 scale) is 56.2, a neutral level. The one-month change is +6.4%, the three-month change is -25.2%, and the position relative to the 52-week high is -38.5%. Relative strength versus the KOSPI is 17 (on a 1-99 scale, converted from returns against the index over the past year with more weight on recent performance; higher means stronger than the market). It is stronger than roughly 16% of all stocks. Over the past three months it lagged the index by 9.3%. Chart interpretation is best done alongside trading volume and the dates on which disclosures occur.
Relative performance stock vs index · start = 100
Excess return vs index · 3M -9.29% / 6M -31.57% / 12M -55.01%
Key metrics Computed vs sector median
Valuation
A net loss makes the P/E an unreliable valuation gauge. The P/B of 1.18x is above the sector median (1.01x).
Enterprise value (EV)
EV = market cap + net debt. It reflects cash and debt, so it captures the real cost of the whole business that market cap alone misses; lower multiples are cheaper relative to earnings or sales.
Intrinsic value (DCF estimate) Estimate
Model output — not a price target. This is what the formula returns under the assumptions below, not a view on where the share price should go.
DCF (discounted cash flow) estimate — discount rate 10.1%, initial growth 4.0%→terminal 2.0%, 10-yr forecast, free-cash-flow basis. A reference range that shifts materially with assumptions.
Profitability & financials
Return on equity (ROE) is -28.6%, below the sector average (2.0%). The operating margin is -16.0%. The debt ratio is 162.3%, so the financial structure is moderate.
Growth FY2025 · annual report (consolidated)
| Item | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|
| Revenue | $221.7M | $213.9M | $156.1M | -27.02% ↓ slower |
| Operating profit | $4.9M | $396,839 | -$24.9M | -6377.26% ↓ slower |
| Net profit | $692,110 | $1.1M | -$31.6M | -3033.85% ↓ slower |
| 5-year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $218.1M | $238.2M | $221.7M | $213.9M | $156.1M |
| Operating profit | $10.4M | $14.5M | $4.9M | $396,839 | -$24.9M |
| Net profit | $8.3M | $11.7M | $692,110 | $1.1M | -$31.6M |
| Revenue CAGR | 4-yr avg -8.03% | ||||
Revenue fell 27.0% year over year (2023 ₩315.6 billion → 2024 ₩304.4 billion → 2025 ₩222.2 billion), and the three-year trend is 'falling'. The rate of decline widened from the prior year. Operating profit fell 6377.3% year over year. The decline widened. Over the 5 years on record, revenue compound annual growth (CAGR) is -8.0%. The two-year revenue CAGR is -16.1%. In the most recent quarter (Q1 2026), revenue was 10.2% higher than the same period a year earlier.
Latest quarterly results Source Q1 2026 · vs year-ago
Technical indicators Computed
What stands out
- —
Points to watch
- Assets that can be turned to cash within a year fall short of near-term liabilities (current ratio 78.0%).
- The most recent full-year net result was a loss.
- The most recent full year was a loss, so it is worth checking whether profitability recovers.
- Revenue fell 27.0% year over year (3-year trend: falling).
Recent news & events searched · sourced
- 2026-02-06EarningsChange in revenue or profit/loss structure of 30% or more (15% for large corporations): annual revenue ₩222.2 billion, operating loss ₩35.5 billion, net loss ₩45.0 billionThis is recent confirmed or preliminary results. Check whether it moves in the same direction as the annual trend and whether any one-off factors are involved. Source
- 2026-02-27UpdateCash and stock dividend decision: check the terms of the returnThis filing relates to a cash return or a change in share count. Confirm whether earnings strength and cash flow support it. Source
- 2026-05-15EarningsQuarterly report (2026.03): Q1 2026 revenue ₩65.4 billion, operating loss ₩3.8 billion, net loss ₩4.2 billionThis is recent confirmed or preliminary results. Check whether it moves in the same direction as the annual trend and whether any one-off factors are involved. Source
Figure cross-check computed ↔ external
| Metric | Computed | External | Status | Source |
|---|---|---|---|---|
| Closing price | ₩8,670 | ₩8,670 | Confirmed | link |
| Latest quarterly results | revenue ₩65.4 billion, operating profit -₩3.8 billion | revenue ₩65.4 billion, operating profit -₩3.8 billion | Confirmed | link |
| Annual results | revenue ₩222.2 billion, operating profit -₩35.5 billion | revenue ₩222.2 billion, operating profit -₩35.5 billion | Confirmed | link |
| Original text of the results filing | revenue or profit structure changed by 30% or more (15% for large companies): revenue ₩222.2 billion · operating profit -₩35.5 billion · net profit -₩45.0 billion | revenue or profit structure changed by 30% or more (15% for large companies): revenue ₩222.2 billion · operating profit -₩35.5 billion · net profit -₩45.0 billion | Confirmed | link |
| Original text of the shareholder-return filing | cash/stock dividend declared: check the payout terms | cash/stock dividend declared: check the payout terms | Confirmed | link |
| Original text of the results filing | (2026.03): 2026 1 revenue ₩65.4 billion · operating profit -₩3.8 billion · net profit -₩4.2 billion | (2026.03): 2026 1 revenue ₩65.4 billion · operating profit -₩3.8 billion · net profit -₩4.2 billion | Confirmed | link |
| Basis of the outlook box | DART | DART | Confirmed | link |
Recent filings Source
- 2026-06-02OwnershipLargest-shareholder ownership change report
- 2026-06-02OwnershipOfficers'/major-shareholders' holdings report
- 2026-06-01Corporate governance report
- 2026-05-26OwnershipLargest-shareholder ownership change report
- 2026-05-15OwnershipLargest-shareholder ownership change report
- 2026-05-15OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-15PeriodicQuarterly report
- 2026-05-08OwnershipOfficers'/major-shareholders' holdings report
- 2026-05-08OwnershipLargest-shareholder ownership change report
- 2026-04-16OwnershipOwnership-change filing
- 2026-04-16OwnershipOwnership-change filing
- 2026-04-15OwnershipLargest-shareholder ownership change report
📖 Plain-language glossary — expand if you are new to this
- P/E
- How many times a year's net profit the price is worth (lower is cheaper relative to earnings). The P/E here is on trailing (last full-year) results; for companies whose earnings swing fast (memory chips and other cyclicals/high-growth), a forward P/E on this year's expected earnings is more accurate.
- P/B
- Price relative to net assets (equity). Around 1x means it trades near book value; below 1x means below book.
- P/S
- Price relative to a year's revenue — useful for growth companies with thin earnings.
- Net debt / EV
- Net debt = interest-bearing debt − cash. Negative means more cash than debt (net cash). EV (enterprise value) = market cap + net debt, closer to what it would cost to buy the whole business.
- EV/EBIT · EV/EBITDA · EV/Sales
- Enterprise value against operating profit (EBIT), EBITDA, or revenue. Unlike P/E these reflect debt and cash; lower is cheaper relative to earnings power or sales.
- FCF / FCF yield
- Free cash flow = operating cash − capex, the cash actually left over. FCF yield = FCF ÷ market cap; higher means more cash generated per unit of market value.
- Intrinsic value (DCF)
- Future free cash flow (or, for some capex-heavy but profitable names, forecast earnings) discounted to today to estimate per-share value. Because it shifts a lot with the discount-rate and growth assumptions, it is shown as a bear/base/bull range, and the basis and assumptions are disclosed in one line beneath it.
- ROE
- How much profit the company earns in a year on its equity (%). Higher means better returns on capital.
- EPS / BPS
- Earnings per share / net assets (book value) per share.
- Operating / net margin
- Profit left from the core business / final profit after tax and interest, per unit of revenue.
- Debt ratio
- Debt relative to equity (%). Higher means more reliance on borrowing (norms vary by sector).
- Current ratio
- Assets convertible to cash within a year against debt due within a year. Above 100% leaves some short-term headroom.
- Interest coverage
- How many times operating profit covers the interest owed. Below 1x means operating profit alone struggles to cover interest.
- Dividend yield / payout ratio
- The year's dividend as a % of today's price / the share of earnings paid out as dividends.
- Revenue CAGR
- Multi-year growth expressed as a single yearly average (compound annual growth rate).
- RSI (short-term signal)
- Whether recent price action is overheated or beaten down. Above 70 is overbought, below 30 oversold.
- MA20 / MA60 (moving averages)
- The 20- and 60-day average price. Price above them signals a firmer short-term trend.
- vs 52-week high
- How far below the past year's peak the price sits now (%).
All figures are for reference only; how they read varies by sector and over time.
Sources: Korea FSC market-price API (data.go.kr), OpenDART, KRX/KIND — public data only.
Bong Stocks presents public-data-based information for reference only. It is not investment advice and contains no target prices, ratings, or buy/sell recommendations. Verify independently before making any decision.