Corporate Logo(source: samyangfoods.com)
Brokerages have raised their target prices for Samyang Foods(003230). The company’s third-quarter earnings met market consensus, and expectations for accelerated top-line growth are strengthening.
Samyang Foods announced on the 14th that its consolidated operating profit for the third quarter rose 50% year-on-year to 130.9 billion won. Revenue increased 44% to 632.0 billion won.
At 9:37 a.m., the stock was trading at 1,405,000 won, up 6.44% from the previous session.
In a report released the same day, Cho Sang-hoon, analyst at Shinhan Investment & Securities, wrote, “Samyang Foods minimized the impact of U.S. tariff impositions through low price sensitivity, strong brand power, and price hikes,” adding, “Efforts to improve cost efficiency also helped the company meet market expectations.”
He continued, “With the completion of the China local plant scheduled for late January next year, the company is expected to accelerate its top-line growth,” and assessed that Samyang Foods “is setting an example in the domestic food and beverage market, where volume growth has clearly reached its limits.”
Maintaining its top-pick rating within the sector, Shinhan Investment & Securities raised its target price for Samyang Foods from 1.65 million won to 1.75 million won.
Other brokerages also expressed optimism about the company’s share-price outlook.
Kim Tae-hyun, analyst at IBK Investment & Securities, said, “Samyang Foods continued to benefit from strong export momentum centered on the U.S. and China, and supply remains insufficient relative to demand despite increased production.” He raised his target price by 9.4% to 1.75 million won.
Ryu Eun-ae, analyst at KB Securities, projected that fourth-quarter operating profit would increase 26% quarter-on-quarter, citing the impact of price hikes in the U.S., improved cost ratios from higher utilization rates, and a strong dollar.
Ryu added, “We have not observed demand shock following the U.S. price increases, and inventory levels remain low as strong demand absorbs the rapid increase in production.” Maintaining a ‘Buy’ rating with 32.6% upside potential, she raised her target price to 1.75 million won.
Yuanta Securities set an even higher target of 2 million won.
Analyst Sohn Hyun-jung wrote, “In the third quarter, newly produced items were immediately converted to sales, indicating that Samyang Foods has entered a phase where demand absorption exceeds the pace of capacity expansion,” adding that the company has moved “beyond a simple production-capacity (CAPA) expansion stage and into a phase of qualitative growth driven by sales efficiency and real demand.”
*[KOSPI] Samyang Foods(003230), known for its iconic ramen brand "Samyang Ramen," manufactures and sells various products including noodles, snacks, and dairy products. Representative products include Buldak Spicy Chicken Ramen, Nagasaki Jjamppong, and Jjanggu. The market capitalization is 9.936 trillion won (as of November 14, 2025, closing price).
Corporate Logo(source: samyangfoods.com)
Brokerages have raised their target prices for Samyang Foods(003230). The company’s third-quarter earnings met market consensus, and expectations for accelerated top-line growth are strengthening.
Samyang Foods announced on the 14th that its consolidated operating profit for the third quarter rose 50% year-on-year to 130.9 billion won. Revenue increased 44% to 632.0 billion won.
At 9:37 a.m., the stock was trading at 1,405,000 won, up 6.44% from the previous session.
In a report released the same day, Cho Sang-hoon, analyst at Shinhan Investment & Securities, wrote, “Samyang Foods minimized the impact of U.S. tariff impositions through low price sensitivity, strong brand power, and price hikes,” adding, “Efforts to improve cost efficiency also helped the company meet market expectations.”
He continued, “With the completion of the China local plant scheduled for late January next year, the company is expected to accelerate its top-line growth,” and assessed that Samyang Foods “is setting an example in the domestic food and beverage market, where volume growth has clearly reached its limits.”
Maintaining its top-pick rating within the sector, Shinhan Investment & Securities raised its target price for Samyang Foods from 1.65 million won to 1.75 million won.
Other brokerages also expressed optimism about the company’s share-price outlook.
Kim Tae-hyun, analyst at IBK Investment & Securities, said, “Samyang Foods continued to benefit from strong export momentum centered on the U.S. and China, and supply remains insufficient relative to demand despite increased production.” He raised his target price by 9.4% to 1.75 million won.
Ryu Eun-ae, analyst at KB Securities, projected that fourth-quarter operating profit would increase 26% quarter-on-quarter, citing the impact of price hikes in the U.S., improved cost ratios from higher utilization rates, and a strong dollar.
Ryu added, “We have not observed demand shock following the U.S. price increases, and inventory levels remain low as strong demand absorbs the rapid increase in production.” Maintaining a ‘Buy’ rating with 32.6% upside potential, she raised her target price to 1.75 million won.
Yuanta Securities set an even higher target of 2 million won.
Analyst Sohn Hyun-jung wrote, “In the third quarter, newly produced items were immediately converted to sales, indicating that Samyang Foods has entered a phase where demand absorption exceeds the pace of capacity expansion,” adding that the company has moved “beyond a simple production-capacity (CAPA) expansion stage and into a phase of qualitative growth driven by sales efficiency and real demand.”
*[KOSPI] Samyang Foods(003230), known for its iconic ramen brand "Samyang Ramen," manufactures and sells various products including noodles, snacks, and dairy products. Representative products include Buldak Spicy Chicken Ramen, Nagasaki Jjamppong, and Jjanggu. The market capitalization is 9.936 trillion won (as of November 14, 2025, closing price).