Korea Aerospace Industries (047810) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Korea Aerospace Industries stock KRW 18,332, price KRW 102,600, that is 82.1% below the price, quality 38 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
Our calculation puts a fair price 82% below what the stock costs today.
Revenue last quarter +41% vs. a year ago.
Expensive Growth(revenue 5y +5.5 %/yr in KRW)
Thin margins · 4.0% net margin (TTM)
Moderate debt
0.5% dividend yield · Token dividend
Fair value 18,332 KRW · Strongly overvalued
Quality 38/100
Negative free cash flow
Trails peers(3/14)
Narrow moat34/100
Thin data
Extreme value
Risks from the AI analysis
🚩Price drop: Negative free cash flow, high leverage and falling margins🚩Governance questions around largest shareholders🚩Heavy reliance on Poland for exports🚩Dependence on external suppliers for core components
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 26,466 KRW – 201,420 KRW · fair‑value band 16,574 KRW – 22,757 KRW · the 102,600 KRW price screens above the 18,332 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Korea Aerospace Industries, Ltd. manufactures and sells fixed and rotary wing aircrafts, and airframe products in South Korea.
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The company develops supersonic jets; airfield controlled and basic trainer aircrafts; utility, police, maritime police agency, coast guard, forest, and fire-fighting helicopters; unmanned air vehicles; commercial and civil aircrafts; and aero structures.
It also provides aircraft maintenance, repair, and overhaul services; aircraft training systems; and compact advanced satellite 500 and defense satellite, and multi-purpose satellites, as well as space launch vehicles.
Korea Aerospace Industries, Ltd. was founded in 1999 and is headquartered in Sacheon-si, South Korea.
Stock analysis
Korea Aerospace Industries (047810) currently trades at 102,600 KRW, while our model-based Fair Value estimate is 18,332 KRW, 82% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 33,244 KRW per share, and 0 of the 15 models we run sit above the 102,600 KRW price.
Bear case: the Asset-Based group reads lowest at 6,093 KRW, and 15 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16,574 KRW (bear) to 22,757 KRW (bull), the price of 102,600 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 38/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Korea Aerospace Industries reported revenue of 3.7T KRW in FY2025 versus 2.6T KRW in FY2021, a compound +9.6%/yr. Reported net income was 186B KRW in FY2025, compounding +30.6%/yr from FY2021.
Key figures
Market cap 10.0T KRW (≈ $7.4B) Mid · P/E ratio 58.2 · P/S ratio 2.26 · EPS (TTM) 1,819 KRW · Dividend yield 0.5% · Net margin 4.0% · Return on equity 9.6% · Return on assets (EBIT) 2.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at −82%, 047810 screens richer than that median.
Fair Value models
Bear16,574 KRWFair Value 18,332 KRWBull22,757 KRW
Price 102,600 KRW · Downside -82.1%
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 (1,131 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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.7%
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.
+9.9%
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.
+5.5%
Start year 2020 (pandemic). Over 10 years: +2.0% a year
Revenue growth 14 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. 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.
+20.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.0%
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.20.0% vs −3.9%, 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.5% → 7%
AI conclusion: Revenue gains from major development programs are offset by negative free cash flow, high leverage and governance uncertainties around the largest shareholders.
Main risk: A sharp drop in new contracts from Poland could shrink the order backlog and hit revenue from airframe sales as the company has secured no overseas airframe deals so far this year.
Bull case: By diversifying export markets beyond Poland and deepening vertical integration through domestic partnerships, the company could secure steadier backlog growth and improve margins on future programs.
Bear case: If export markets remain concentrated and supplier dependencies persist, new orders could stay below targets while margins stay under pressure, limiting the ability to fund next-generation developments.
Revenue from major development programs lifted sales sharply in the first half, yet operating margins fell and new orders reached only a small share of the full-year target. Governance questions around the largest shareholders add another layer of uncertainty to execution. Will the next wave of contracts restore margins and backlog momentum, or will the pressures on profitability and ownership persist?
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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.Aerospace & Defense · 238 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−82.1% · Bottom 25%
Profitability
Return on equity (12 months)9.6% · Below median
Return on assets1.8% · Below median
Net margin (12 months)4.0% · Below median
Operating margin (12 months)4.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)41.0% · Top 25%
Dividend yield (12 months)0.5% · Below median
Balance sheet
Debt / equity0.73× · Highest 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (12 months)58.2× · Priciest 25%
P/B5.46× · Priciest 25%
P/S (12 months)2.26× · Cheaper than median
EV/EBITDA30.2× · Pricier than median
PEG0.47× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 65
PAST (return on equity)38· sector 41
HEALTH (low debt)64· sector 94
DIVIDEND (yield)10· sector 19
VALUE 0: the price sits above our fair-value range.
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.
Is Korea Aerospace Industries (047810) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 18,332 KRW versus a price of 102,600 KRW, about 82% lower (overvalued).
What is the fair value of 047810?
Our model-based fair value for Korea Aerospace Industries is 18,332 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 102,600 KRW.
What is the quality score of 047810?
Korea Aerospace Industries has a Quality Score of 38/100. 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 Korea Aerospace Industries (047810)?
Our model-based price target is the fair value of 18,332 KRW (as of Nov 8, 2026) from 15 valuation models. Cautious scenario 16,574 KRW, optimistic scenario 22,757 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Aerospace Industries stock forecast for 2026?
Our models put fair value at 18,332 KRW, about 82% lower versus a price of 102,600 KRW (overvalued). Cautious scenario 16,574 KRW, optimistic scenario 22,757 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Aerospace Industries (047810)?
Korea Aerospace Industries reported trailing-twelve-month revenue of about 4.4T KRW (latest available figure, as of Nov 8, 2026).
Does Korea Aerospace Industries pay a dividend?
Korea Aerospace Industries currently shows a dividend yield of 0.49% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Korea Aerospace Industries (047810) and when is the ex-dividend date?
Korea Aerospace Industries pays a dividend of 500.00 KRW per share a year, a dividend yield of 0.5%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 27.5% of earnings. Our assessment: Token dividend. At a yield of 0.5% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.5% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Korea Aerospace Industries (047810)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Aerospace Industries it is 18,332 KRW per share (as of Nov 8, 2026), against a price of 102,600 KRW. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Korea Aerospace Industries stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 047810 trades above its calculated fair value: price 102,600 KRW, fair value 18,332 KRW, a gap of about −82% (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 047810?
No. The price is what the market pays today (102,600 KRW); the fair value is what the company's own numbers justify (18,332 KRW). For Korea Aerospace Industries the two are 84,268 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Aerospace Industries worth?
The market values Korea Aerospace Industries at about 10.0T KRW (market capitalisation, as of Nov 8, 2026). Per share that is 102,600 KRW; our models calculate a fair value of 18,332 KRW per share.
What do the bullish and bearish scenarios say about 047810?
Our models span a range for Korea Aerospace Industries: cautious scenario 16,574 KRW, base 18,332 KRW, optimistic 22,757 KRW per share (as of Nov 8, 2026, price 102,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 047810?
Korea Aerospace Industries trades at a price-to-earnings ratio of 58.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18,332 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 33.7. Other multiples: PEG 0.5, P/B 5.5, P/S 2.3, EV/EBITDA 30.2.
What is the PEG ratio of 047810?
The PEG ratio of Korea Aerospace Industries is 0.47 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Korea Aerospace Industries (047810)?
Balance-sheet figures for Korea Aerospace Industries (as of Nov 8, 2026): return on equity 9.6%, debt of 0.73 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 047810 from its 52-week high?
Korea Aerospace Industries trades at 102,600 KRW, about 49% below its 52-week high of 201,420 KRW and 6% above the low of 96,722 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 18,332 KRW is for.
Which stocks are comparable to Korea Aerospace Industries?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, 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 Korea Aerospace Industries stock attractive at the current price?
The data as of Nov 8, 2026: price 102,600 KRW, calculated fair value 18,332 KRW (−82%), Quality Score 38/100, from 15 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 047810 calculated?
We run Korea Aerospace Industries through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 18,332 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Korea Aerospace Industries 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 Korea Aerospace Industries (047810)?
The closing price on Nov 6, 2026 was 102,600 KRW. Our model-based fair value is 18,332 KRW, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Aerospace Industries right now?
The price sits above even our optimistic bull case (22,757 KRW). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Korea Aerospace Industries
How large is the market capitalisation of Korea Aerospace Industries (047810)?
The market capitalisation of Korea Aerospace Industries is 10.0T KRW (≈ $7.4B). 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 Korea Aerospace Industries (047810)?
The price-to-sales ratio of Korea Aerospace Industries is 2.26 (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 Korea Aerospace Industries (047810)?
Earnings per share at Korea Aerospace Industries are 1,819 KRW (price ÷ EPS = P/E 58.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Korea Aerospace Industries (047810)?
The dividend yield of Korea Aerospace Industries is 0.5% (payout 27.5%). 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 Korea Aerospace Industries (047810)?
The net margin of Korea Aerospace Industries is 4.0% (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 Korea Aerospace Industries (047810)?
The return on equity (ROE) of Korea Aerospace Industries is 9.6% (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 Korea Aerospace Industries (047810)?
On an EBIT basis the return on assets of Korea Aerospace Industries is 2.4% (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 Korea Aerospace Industries (047810)?
The operating margin of Korea Aerospace Industries is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Aerospace Industries (047810)?
Revenue at Korea Aerospace Industries is growing +41.0% versus a year earlier (3y avg +9.9%). 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 Korea Aerospace Industries (047810)?
Earnings per share at Korea Aerospace Industries are growing −36.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Korea Aerospace Industries (047810) generate?
The free cash flow of Korea Aerospace Industries is −1.1T KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Korea Aerospace Industries (047810) carry?
The net debt of Korea Aerospace Industries is 2.1T KRW (fiscal year 2025). 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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Thin data
Nov 8, 2026