1. Samyoung’s Q2 2025 Performance: Maintaining Solid Growth

Samyoung reported sales of KRW 33.3 billion, operating profit of KRW 2.3 billion, and net profit of KRW 1.7 billion for Q2 2025. Sales were consistent with market consensus, while net profit surpassed expectations. The capacitor film business, in particular, showed remarkable growth.

2. Key Growth Drivers: Capacitor Film & Shipbuilding

Samyoung’s core growth drivers are its capacitor film and shipbuilding businesses. The company holds a dominant position in the capacitor film market, a key material for future industries such as eco-friendly vehicles, renewable energy, and ESS. Furthermore, the acquisition of Samyoung Heavy Industries and Casco Corporation is expected to drive stable growth and synergies in the shipbuilding sector.

3. Investment Highlights: Positive Fundamentals & Future Growth Potential

  • High Growth Potential of Capacitor Film Business: Benefiting from the growth of eco-friendly industries.
  • Stable Profit Generation and Business Expansion in Shipbuilding: Expected synergy effects from mergers and acquisitions.
  • Potential Turnaround of the BOPP Film Business: Expectations for a return to profitability.
  • Solid Financial Structure: Stable debt ratio and cash flow.

4. Action Plan for Investors

With its high exposure to future growth industries and solid fundamentals, Samyoung offers an attractive investment opportunity. However, it is crucial to consider risk factors such as exchange rate fluctuations and the pace of recovery in the BOPP business when making investment decisions.