Risk factor
Poor trading liquidity
Profitability factor
Solid dividends
About
Established in 1946 and headquartered in Ansan-si, South Korea, Samhwa Paints Industrial Co., Ltd. is a global manufacturer and distributor of a comprehensive range of paints and synthetic resins. The company, which was initially named Dongwha Co., Ltd. before adopting its current identity in July 1964, serves both domestic and international markets. Its extensive product portfolio encompasses various specialized coatings. For architectural applications, Samhwa offers emulsion, alkyd, acrylic, fire-retardant, anti-mildew, textured, multicolor, DIY, and electric-wave absorbing paints, alongside putty, caulking, and sealant solutions. The firm provides a selection of floor coatings, including urethane, epoxy, waterproofing, traffic, and polyurea formulations. Wood surfaces are catered for with nitrocellulose lacquer, polyurethane, UV-curing, and stain coatings, while the industrial sector benefits from heat-resistant, polyurethane, acrylic, fluorine, epoxy, baking, oil alkyd, UV-curing, and silicone acrylic coatings. Additionally, Samhwa produces heavy-duty coatings, featuring shop primers, anti-corrosive primers, topcoats, and specialized formulations for tanks and ships. Its broad array of unsaturated polyester resins covers laminate, corrosion-resistant, flame-retardant, corrugated panel, pultrusion, SMC/BMC, marble, decorative casting, button, and gel coat varieties. The company also supplies coil coatings, such as primers, backers, polyester, high polymer polyester, and plastisol types. For automotive refinishing, Samhwa manufactures clear coats, surfacers, putties, primers, and solid urethane coatings. Specialized can coatings are also part of their offerings. Furthermore, the company develops a comprehensive range of "super resins," including alkyd, modified alkyd, acrylic, polyester, amino, urethane, radiation-curable, emulsion, water-soluble, rosin modified maleic, epoxy ester, and polyamide resins.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. Specifically, the stock is fairly valued on P/E, undervalued o