Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Samick Musical Instruments Co., Ltd. is a prominent global manufacturer and distributor of musical instruments. Established in South Korea, the company specializes in producing a wide array of instruments, including pianos, guitars, and other string instruments, catering to both professional musicians and beginner enthusiasts. The company’s renowned brands, such as the Seiler piano and Greg Bennett guitars, underscore its commitment to high-quality craftsmanship and innovative design. In the financial market, Samick plays a significant role by supplying the music industry with essential tools that support both education and entertainment sectors. As a key player in the music manufacturing industry, Samick Musical Instruments Co., Ltd. collaborates with a network of global retailers to ensure a diverse distribution chain. The company’s operations not only contribute to the economic impact of music-related cultural activities but also support the growth of music education programs worldwide. Its market presence exemplifies the intersection of traditional craftsmanship with modern manufacturing techniques, enhancing the accessibility of quality musical instruments to a broad audience.
₩1,160.00
₩17.00 (-1.44%)
Live · 11:09 AM
Operating margin is thin at 1.02%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.6% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 70% versus the prior year, cash generation momentum has weakened. Net debt of ₩45.01B represents 4.7x FCF, leverage limits flexibility.
3.5x earnings, 11.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
₩219.51B
▼ -2.6% YoY
Net Income (TTM)
₩25.15B
▲ +453.5% YoY
Op. Margin
2.19%
▼ -1.6pp YoY
ROIC
0.43%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
₩7.92B
▼ -70.3% YoY
Op. Cash Flow (TTM)
₩63.55B
▲ +4.0% YoY
Net Debt
₩45.01B
Cash & Equiv.
₩110.37B
3Y CAGR: -11.7%
3Y CAGR: -6.1%
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At a P/E of 3.5 and a price-to-free-cash-flow of 11.1, Samick Musical Instruments Co. (002450.XKRX) trades around a two-stage DCF intrinsic value of about KRW 1,214.00 per share, so at KRW 1,160.00 the stock looks around fair value (4.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Samick Musical Instruments Co. scores 37/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about KRW 1,214.00 per share for 002450.XKRX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around KRW 910.50. At today's KRW 1,160.00, that puts the stock about 4.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Samick Musical Instruments Co. scores 37 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 2.2% operating margin and a 0.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Samick Musical Instruments Co. pays a regular dividend of about KRW 50.00 per share per year (typically in quarterly installments), a yield of roughly 4.3% at the current price. That is a payout ratio of about 15.1% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For 002450.XKRX's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. 002450.XKRX currently trades around its estimated intrinsic value and scores 37/100 on quality (lower-quality). It also yields about 4.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.