LS Electric (010120) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of LS Electric stock KRW 28,974, price KRW 129,800, that is 77.7% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 7,421 KRW – 318,500 KRW · fair‑value band 16,180 KRW – 38,916 KRW · the 129,800 KRW price screens above the 28,974 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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LS ELECTRIC Co., Ltd. provides smart energy solutions in South Korea and internationally.
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The company offers smart power solutions, including energy management systems, supervisory control and data acquisition systems, distribution management systems, distribution control systems, micro grid systems, and diagnosis solutions; DC, AC, and EC-charger solutions; and LSPS, which performs automatic selection of breakers and determination of protection coordination through fault calculation.
It also provides low and medium voltage, dc component, and protection/measurement/meter devices; and power transmission, power distribution, modular substation, and photovoltaic systems, as well as modular scalable platform and energy storage systems.
In addition, the company offers smart automation solutions, such as precision plenary gearbox, PLC, servo/motion, HMI, and AC drive (VFD) solution; and smart railway solutions comprising power supply and signaling systems.
The company was formerly known as LSIS Co., Ltd. and changed its name to LS ELECTRIC Co., Ltd. in 2020. LS ELECTRIC Co., Ltd. was founded in 1974 and is headquartered in Anyang-Si, South Korea.
Stock analysis
LS Electric (010120) currently trades at 129,800 KRW, while our model-based Fair Value estimate is 28,974 KRW, 78% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 40,455 KRW per share, and 0 of the 26 models we run sit above the 129,800 KRW price.
Bear case: the Asset-Based group reads lowest at 3,158 KRW, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 16,180 KRW (bear) to 38,916 KRW (bull), the price of 129,800 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
LS Electric reported revenue of 5.0T KRW in FY2025 versus 2.7T KRW in FY2021, a compound +16.8%/yr. Reported net income was 287B KRW in FY2025, compounding +35.6%/yr from FY2021.
Key figures
Market cap 19.3T KRW (≈ $14.2B) Large · P/E ratio 61.6 · P/S ratio 3.39 · EPS (TTM) 2,606 KRW · Dividend yield 0.5% · Net margin 6.8% · Return on equity 18.5% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 49% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −78%, 010120 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (3,158 KRW to 57,316 KRW). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear16,180 KRWFair Value 28,974 KRWBull38,916 KRW
Price 129,800 KRW · Downside -77.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,703 KRW per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
Start year 2020 (pandemic). Over 10 years: +8.5% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.9%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.27.1% vs 13.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+21.2%
Yearly sales growth analysts expect, extended to five years.
The revenue jump in 2026 (+36.8%) comes with 401% more shares (acquisition or merger paid in stock). Per share it is about −72.7%. The comparison above is unreliable in such a year.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +30.1% a year for the price and +18.7% for the forecasts.
AI conclusion: Contract wins for high-voltage equipment tied to US data center expansions form the main strength, while thin evidence across all categories leaves business quality near neutral with low confidence.
Main risk: HD Hyundai Electric and Hyosung Heavy Industries could capture share in US high-voltage switchgear and distribution equipment for AI data centers, pressuring LS Electric's prices and margins on new contracts.
Bull case: By leveraging its early UL certifications, local US plants and DC technology partnerships, LS Electric could deepen ties with multiple hyperscalers and win share even as Korean rivals expand.
Bear case: If domestic Korean competitors secure more long-term US contracts and commodity costs spike, sustained margin pressure and lost data-center orders could constrain growth and strain cash generation.
LS Electric continues to win substantial contracts for high-voltage equipment tied to US data center expansions. Our models nevertheless see the shares as overvalued, with the recent drop leaving forward multiples still well above sector averages. Will sustained hyperscaler demand lift margins enough to close that gap, or will execution risks and pricing pressure keep them wide?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 560 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−77.7% · Bottom 25%
Profitability
Return on equity (12 months)18.5% · Top 25%
Return on assets5.8% · Above median
Net margin (12 months)6.8% · Above median
Operating margin (12 months)11.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)32.2% · Above median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.37× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "LS Electric Fair Value". https://www.fairvalue-calculator.com/stock/010120
Frequently asked questions
Is LS Electric (010120) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 28,974 KRW versus a price of 129,800 KRW, about 78% lower (overvalued).
What is the fair value of 010120?
Our model-based fair value for LS Electric is 28,974 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 129,800 KRW.
What is the quality score of 010120?
LS Electric has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for LS Electric (010120)?
Our model-based price target is the fair value of 28,974 KRW (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 16,180 KRW, optimistic scenario 38,916 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the LS Electric stock forecast for 2026?
Our models put fair value at 28,974 KRW, about 78% lower versus a price of 129,800 KRW (overvalued). Cautious scenario 16,180 KRW, optimistic scenario 38,916 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of LS Electric (010120)?
LS Electric reported trailing-twelve-month revenue of about 5.7T KRW (latest available figure, as of Nov 3, 2026).
Does LS Electric pay a dividend?
LS Electric currently shows a dividend yield of 0.46% relative to its recent price (as of Nov 3, 2026).
What growth is priced into LS Electric (010120)?
For today's price to be fair in a discounted-cash-flow model, LS Electric would have to grow free cash flow by +32.8 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 010120 use?
Our models discount LS Electric at 11.9 %: a base by market capitalisation (large), damped by beta 1.93, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For LS Electric that is +32.8 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has LS Electric (010120) delivered so far?
Over the past 5 years revenue at LS Electric grew +15.6 % a year. The price currently implies +32.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of LS Electric (010120) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into LS Electric (+32.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LS Electric (010120)?
The free-cash-flow yield on the price is 2.34 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow LS Electric produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LS Electric (010120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LS Electric it is 28,974 KRW per share (as of Nov 3, 2026), against a price of 129,800 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is LS Electric stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 010120 trades above its calculated fair value: price 129,800 KRW, fair value 28,974 KRW, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 010120?
No. The price is what the market pays today (129,800 KRW); the fair value is what the company's own numbers justify (28,974 KRW). For LS Electric the two are 100,826 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is LS Electric worth?
The market values LS Electric at about 19.3T KRW (market capitalisation, as of Nov 3, 2026). Per share that is 129,800 KRW; our models calculate a fair value of 28,974 KRW per share.
What do the bullish and bearish scenarios say about 010120?
Our models span a range for LS Electric: cautious scenario 16,180 KRW, base 28,974 KRW, optimistic 38,916 KRW per share (as of Nov 3, 2026, price 129,800 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 010120?
LS Electric trades at a price-to-earnings ratio of 61.6 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28,974 KRW is built from several models across several years. Other multiples: P/B 9.3, P/S 3.4, EV/EBITDA 28.7.
How solid is the balance sheet of LS Electric (010120)?
Balance-sheet figures for LS Electric (as of Nov 3, 2026): return on equity 18.5%, debt of 0.37 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 010120 from its 52-week high?
LS Electric trades at 129,800 KRW, about 59% below its 52-week high of 318,500 KRW and 49% above the low of 86,853 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 28,974 KRW is for.
Which stocks are comparable to LS Electric?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is LS Electric stock attractive at the current price?
The data as of Nov 3, 2026: price 129,800 KRW, calculated fair value 28,974 KRW (−78%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 010120 calculated?
We run LS Electric through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 28,974 KRW, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. LS Electric itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of LS Electric (010120)?
The closing price on Nov 5, 2026 was 129,800 KRW. Our model-based fair value is 28,974 KRW, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LS Electric right now?
The price sits above even our optimistic bull case (38,916 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (16,180 KRW to 38,916 KRW) leaves room in how you read the outcome.
Key figures of LS Electric
How large is the market capitalisation of LS Electric (010120)?
The market capitalisation of LS Electric is 19.3T KRW (≈ $14.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of LS Electric (010120)?
The price-to-sales ratio of LS Electric is 3.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LS Electric (010120)?
Earnings per share at LS Electric are 2,606 KRW (price ÷ EPS = P/E 61.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LS Electric (010120)?
The dividend yield of LS Electric is 0.5% (payout 23.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of LS Electric (010120)?
The net margin of LS Electric is 6.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of LS Electric (010120)?
The return on equity (ROE) of LS Electric is 18.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of LS Electric (010120)?
On an EBIT basis the return on assets of LS Electric is 7.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of LS Electric (010120)?
The operating margin of LS Electric is 11.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LS Electric (010120)?
Revenue at LS Electric is growing +32.2% versus a year earlier (3y avg +13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at LS Electric (010120)?
Earnings per share at LS Electric are growing +76.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does LS Electric (010120) carry?
The net debt of LS Electric is 580B KRW (fiscal year 2025, ≈ 6.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 3, 2026