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Korean instant-noodle maker best known globally for its spicy Buldak ramen line.
Korean instant-noodle maker best known globally for its spicy Buldak ramen line.
Sells packaged noodles through retailers; most of its sales now come from exports, driven by Buldak, whose spicy flavours spread through social media. Production is concentrated in Korea, so overseas orders depend on how fast it can build plants, including a second factory at Miryang.
In one line: A spicier, export-focused Nissin.
Moat: narrow (brand). Buldak brand became a global viral hit, giving pricing power and shelf space abroad.
Headquarters: Seoul, South Korea · Founded: 1961 · Employees: 3,025
Size SamyangFood (003230.KS) is a South Korea Consumer Staples company (Food: Major Diversified) with a market value of $6.70B, the 61st largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩1,220,000 on 6 Nov 2026.
Performance Over six months the shares fell 9.0%, against +6.4% for the median peer and -24.5% for the South Korea market (cap-weighted) — 4th lowest of 14 in its peer set.
Growth Revenue grew 37.7% over the last twelve months (peer median +4.1%); the operating margin is 22.6% (peer median 11.2%).
Valuation It trades at 16.3× forward earnings against a peer median of 20.9× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -36 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 25.4 points above its cost of capital (5.4% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩2.75T | ₩2.35T | ₩1.73T | ₩1.19T | ₩909B |
| Revenue growth | — | +36% | +45% | +31% | — |
| Gross profit | ₩1.21T | ₩1.04T | ₩720B | ₩408B | ₩245B |
| EBITDA | ₩700B | ₩588B | ₩391B | ₩179B | ₩115B |
| Net income | ₩488B | ₩389B | ₩272B | ₩126B | ₩79.8B |
| Free cash flow | ₩214B | -₩147B | ₩127B | ₩116B | -₩43.6B |
| Capital expenditure | ₩240B | ₩465B | ₩233B | ₩49.4B | ₩94.3B |
| Total debt | ₩673B | ₩503B | ₩373B | ₩342B | ₩281B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SamyangFood 003230.KS | $6.70B | -9% | +38% | 23% | 16.3× | -6.6% |
| Nongshim 004370.KS | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% |
| Nissin Foods 2897.T | $5.73B | +9% | +5% | 6% | 17.9× | n/a |
| Toyo Suisan Kaisha 2875.T | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% |
| Otoki 007310.KS | $879M | -13% | +4% | 5% | 9.4× | -6.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 003230.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.2% | +7.7% | 5th lowest of 14 |
| 6-month return | -9.0% | +6.4% | 4th lowest of 14 |
| Distance from 52-week high | -21.6% | -22.8% | 7th highest of 14 |
| Revenue growth (TTM) | +37.7% | +4.1% | 2nd highest of 14 |
| Operating margin | 22.6% | 11.2% | 3rd highest of 14 |
| Forward P/E | 16.3× | 20.9× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -6.6% | 6.8% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +29.4% | +3.6% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -36.0 pp | +1.3 pp | 2nd least demanding of 12 |
| ROIC minus cost of capital | +25.4 pp | +3.4 pp | 4th highest of 14 |
| EV / EBITDA | 12.9× | 10.3× | 3rd most expensive of 9 |
| Net debt / EBITDA | -0.1× | 0.3× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SamyangFood 003230.KS | South Korea | $6.70B | -9% | +38% | 23% | 16.3× | -6.6% | +29.4% |
| CSPC Innovation Pharmaceutical 300765.SZ | China | $6.48B | +14% | +117% | 26% | 40.6× | 13.9% | +10.5% |
| Conagra Brands CAG | United States | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% | +0.2% |
| Hebei Yangyuan Zhihui Beverage 603156.SS | China | $6.06B | -15% | +12% | 28% | 26.5× | 9.9% | +3.9% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% | -3.7% |
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% | +190.8% |
| Associated British Foods ABF.L | United Kingdom | $18.7B | +11% | +1% | 7% | 13.5× | 7.8% | +7.1% |
| General Mills GIS | United States | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% | +0.3% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Yihai Kerry Arawana 300999.SZ | China | $21.3B | -8% | +2% | 1% | 37.3× | n/a | n/a |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Nestle India NESTLEIND.NS | India | $26.0B | -13% | +22% | 21% | 59.4× | 36.6% | +11.7% |