Added to YB: 2026-10-01
Pitch date: 2026-09-25
123700.KS [bullish]
SJM Co., Ltd.
-11.56%
current return
Author Info
Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.
Company Info
SJM Co., Ltd. manufactures and sells automobile and industrial products in Korea and internationally.
Market Cap
KRW 51.4B
Pitch Price
KRW 3.5K
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.06
P/E
2.86
EV/Sales
-0.19
Sector
Automobile Components
Category
value
All Korean net nets #4: going through change - SJM (123700.KS)
123700.KS (monitor): SJM is a profitable auto-flex-coupling maker trading at 0.30x NCAV and ~2.7x FCF, with a 6% dividend and net liquid assets exceeding its KRW54bn market cap. The offset is structural decline as EVs displace its core product, reliance on weakening Chinese profits, and related-party raw-material purchases. Upside could come from unappraised Korean plant land and the growing, 15%-margin industrial-bellows business.
Read full article (3 min)