
Samhwa Paints Industrial Co., Ltd. (000390.KS)
ValueMarkers Composite Index
21% below intrinsic value ($8)
Samhwa Paints Industrial Co., Ltd. (000390.KS) — VMCI valuation read
Samhwa Paints Industrial Co., Ltd. (000390.KS) carries a VMCI composite of 56/100, 6 points above the broad-market sample median of 50. Among mid-cap names, that gap places 000390.KS in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).
The 000390.KS insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.
**Investor frame.** Value reads 000390.KS trades at 18.0x earnings, 0% above the sector median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a sector 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the sector median (10.0%). Risk: net debt to EBITDA of 1.3x leaves covenant headroom, the line to track on Samhwa Paints Industrial Co., Ltd.'s next 10-Q.
000390.KS fell 0.9% over the trailing 7 days, with a -14.8% read on a 30-day basis.
Samhwa Paints Industrial Co., Ltd. manufactures and sells various paints and synthetic resins in South Korea and internationally. The company offers architectural coatings, including emulsion, alkyd, acryl, fire retardant, antimildew, texture and multicolor, DIY, electric-wave absorbing, and other coatings, as well as putty, caulking, and sealant products. It also provides floor coatings, such as urethane, epoxy, water proofing, traffic, and polyurea coatings; wood coatings comprising nitrocellulose lacquer, polyurethane, U/V curing, and stain coatings; and industrial coatings that include heat resistance, polyurethane, acryl, fluorine, epoxy, baking, oil alkyd, U/V curing, and silicone acryl coatings. In addition, the company offers heavy-duty coatings that comprise shop primer, anti-corrosive primer, top, tank, ship, and other coatings; and unsaturated polyester resins, including laminate, corrosion, flame retardant, corrugated panel, pultrusion, SMC/BMC, marble, decorative casting, button, and gel coat resins. Further, it provides coil coatings, such as primer, backer, polyester, high polymer polyester, and plastisol coatings; automotive refinish coatings comprising clear, surfacer, putty, primer, and solid urethane coatings; can coatings; and super resins that include alkyd, modified alkyd, acrylic, polyester, amino, urethane, radiation curable, emulsion, water soluble, rosin modified maleic, epoxy ester, and polyamide resins. The company was formerly known as Dongwha Co., Ltd. and changed its name to Samhwa Paints Industrial Co., Ltd. in July 1964. Samhwa Paints Industrial Co., Ltd. was founded in 1946 and is headquartered in Ansan-si, South Korea.
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