Samick Musical Instruments Co Ltd
KRX:002450

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Samick Musical Instruments Co Ltd
KRX:002450
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Price: 1 215 KRW Market Closed
Market Cap: ₩110B

Gross Margin

25.4%
Current
Improving
by 2%
vs 3-y average of 23.4%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
25.4%
=
Gross Profit
₩58B
/
Revenue
₩228B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
25.4%
=
Gross Profit
₩58B
/
Revenue
₩228B

Peer Comparison

Country Company Market Cap Gross
Margin
KR
Samick Musical Instruments Co Ltd
KRX:002450
110B KRW
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JP
Bandai Namco Holdings Inc
TSE:7832
2.5T JPY
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US
Hasbro Inc
NASDAQ:HAS
13B USD
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JP
Shimano Inc
TSE:7309
1.4T JPY
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UK
Games Workshop Group PLC
LSE:GAW
6.4B GBP
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US
Acushnet Holdings Corp
NYSE:GOLF
5.7B USD
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CA
BRP Inc
TSX:DOO
7.8B CAD
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CN
Zhejiang CFMoto Power Co Ltd
SSE:603129
37.7B CNY
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US
Brunswick Corp
NYSE:BC
5B USD
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IT
Technogym SpA
MIL:TGYM
3.8B EUR
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US
Mattel Inc
NASDAQ:MAT
4.4B USD
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Market Distribution

In line with most companies in Korea
Percentile
61th
Based on 2 511 companies
61th percentile
25.4%
Low
-646.5% — 12.8%
Typical Range
12.8% — 32.2%
High
32.2% — 54 001.3%
Distribution Statistics
Korea
Min -646.5%
30th Percentile 12.8%
Median 19.7%
70th Percentile 32.2%
Max 54 001.3%

Samick Musical Instruments Co Ltd
Glance View

Market Cap
110B KRW
Industry
Leisure Products

Samick Musical Instruments Co. Ltd. is engages in the manufacture of pianos and other electronic musical instruments. The company is headquartered in Eumseong, Chungcheongbuk-Do. The firm mainly manufactures pianos, including acoustic pianos with grand and upright series, and digital pianos. The company also produces other musical instruments, such as guitars, violins, bass amplifiers, cellos, flutes, trumpets, saxophones, clarinets, ocarinas, harmonicas, drums, mixers, amplifiers and others. In addition, the Company engages in the piano rental and real estate rental businesses. The firm distributes its products within domestic market and to overseas markets. On September 16, 2014, it acquired land and building located in Seoul, for rental business.

Intrinsic Value
4 128.78 KRW
Undervaluation 71%
Intrinsic Value
Price ₩1 215
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
25.4%
=
Gross Profit
₩58B
/
Revenue
₩228B
What is Samick Musical Instruments Co Ltd's current Gross Margin?

The current Gross Margin for Samick Musical Instruments Co Ltd is 25.4%, which is above its 3-year median of 23.4%.

How has Gross Margin changed over time?

Over the last 3 years, Samick Musical Instruments Co Ltd’s Gross Margin has increased from 23.5% to 25.4%. During this period, it reached a low of 18.7% on Sep 30, 2023 and a high of 27.6% on Mar 31, 2024.

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