Joong Ang Enervis Co. Ltd (000440) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Joong Ang Enervis Co. Ltd stock KRW 2,253, price KRW 10,830, that is 79.2% below the price, quality 58 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 5, 2026.
How to read this chart
60‑month range 10,830 KRW – 38,996 KRW · fair‑value band 1,628 KRW – 3,069 KRW · the 10,830 KRW price screens above the 2,253 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Joong Ang Enervis Co., Ltd markets petroleum products in South Korea. The company is also involved in power generation. Joong Ang Enervis Co., Ltd was founded in 1946 and is headquartered in Seoul, South Korea.
Stock analysis
Joong Ang Enervis Co. Ltd (000440) currently trades at 10,830 KRW, while our model-based Fair Value estimate is 2,253 KRW, 79% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1,352 KRW per share, and 0 of the 7 models we run sit above the 10,830 KRW price.
Bear case: the DCF Models group reads lowest at 1,052 KRW, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,628 KRW (bear) to 3,069 KRW (bull), the price of 10,830 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 58/100 (solid quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Joong Ang Enervis Co. Ltd reported revenue of 49.6B KRW in FY2025 versus 60.7B KRW in FY2021, a compound −4.9%/yr. Reported net income was −1.1B KRW in FY2025.
Key figures
Market cap 48.0B KRW (≈ $35.8M) Micro · P/S ratio 0.71 · Dividend yield 2.1% · Net margin 0.2% · Return on equity −147% · Return on assets (EBIT) −1.2% · Operating margin 0.6% · Revenue (TTM) 70.8B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 1% fair-value upside, at −79%, 000440 screens richer than that median.
Fair Value models
Bear1,628 KRWFair Value 2,253 KRWBull3,069 KRW
Price 10,830 KRW · Downside -79.2%
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.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.
Best data coverage
FCF DCF838.63 KRW1,109 KRW1,573 KRW81
Growth DCF868.40 KRW1,126 KRW1,534 KRW79
Owner Earnings570.71 KRW754.53 KRW1,070 KRW77
All 7 models by family
DCF Models
FCF DCF838.63 KRW1,109 KRW1,573 KRW81
Owner Earnings570.71 KRW754.53 KRW1,070 KRW77
5Y Revenue Exit813.94 KRW1,171 KRW1,689 KRW73
10Y Revenue Exit799.02 KRW1,052 KRW1,322 KRW68
Multiples
EV/Revenue762.39 KRW1,132 KRW1,502 KRW53
Asset-Based
NCAV (Graham)892.02 KRW1,352 KRW1,689 KRW54
Growth DCF
Growth DCF868.40 KRW1,126 KRW1,534 KRW79
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.33/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.4%
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.
−11.5%
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.
−1.5%
Start year 2020 (pandemic). Over 10 years: −5.8% a year
Revenue growth 11 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.
−6.3%
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Profit margin (trend) ⓘ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.
0.2% (2020) → −3.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+41.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +38.6% a year for the price.
Compare Joong Ang Enervis Co. Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Oil & Gas” was too small, so the broader sector is used.)Energy · 927 stocks
Beats the sector median on 4/11 measures
Overall it trails its sector peers.
Valuation
Quality Score58 · Above median
Fair Value upside−79.2% · Bottom 25%
Profitability
Return on assets−2.0% · Bottom 25%
Net margin (12 months)0.2% · Bottom 25%
Operating margin (12 months)0.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)16.8% · Above median
Dividend yield (12 months)2.1% · Below median
Valuation Multiplesvs Energy median · lower = cheaper
P/B0.92× · Cheaper than median
P/S (12 months)0.68× · Cheaper than median
Price / free cash flow107.5× · Priciest 25%
EV/EBITDA22.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 18
FUTURE (revenue growth)84· sector 71
PAST (return on equity)0· sector 30
HEALTH (low debt)100· sector 88
DIVIDEND (yield)41· sector 58
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.
Cite: Fair Value Calculator (2026). "Joong Ang Enervis Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000440
Frequently asked questions
Is Joong Ang Enervis Co. Ltd (000440) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 2,253 KRW versus a price of 10,830 KRW, about 79% lower (overvalued).
What is the fair value of 000440?
Our model-based fair value for Joong Ang Enervis Co. Ltd is 2,253 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 10,830 KRW.
What is the quality score of 000440?
Joong Ang Enervis Co. Ltd has a Quality Score of 58/100. 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 Joong Ang Enervis Co. Ltd (000440)?
Our model-based price target is the fair value of 2,253 KRW (as of Nov 5, 2026) from 7 valuation models. Cautious scenario 1,628 KRW, optimistic scenario 3,069 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Joong Ang Enervis Co. Ltd stock forecast for 2026?
Our models put fair value at 2,253 KRW, about 79% lower versus a price of 10,830 KRW (overvalued). Cautious scenario 1,628 KRW, optimistic scenario 3,069 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Joong Ang Enervis Co. Ltd (000440)?
Joong Ang Enervis Co. Ltd reported trailing-twelve-month revenue of about 70.8B KRW (latest available figure, as of Nov 5, 2026).
Does Joong Ang Enervis Co. Ltd pay a dividend?
Joong Ang Enervis Co. Ltd currently shows a dividend yield of 2.06% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Joong Ang Enervis Co. Ltd (000440)?
For today's price to be fair in a discounted-cash-flow model, Joong Ang Enervis Co. Ltd would have to grow free cash flow by +41.5 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 000440 use?
Our models discount Joong Ang Enervis Co. Ltd at 10.4 %: a base by market capitalisation (nano), damped by beta 1.12, 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 Joong Ang Enervis Co. Ltd that is +41.5 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Joong Ang Enervis Co. Ltd (000440) delivered so far?
Over the past 5 years revenue at Joong Ang Enervis Co. Ltd grew -1.5 % a year. The price currently implies +41.5 % 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 Joong Ang Enervis Co. Ltd (000440) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Joong Ang Enervis Co. Ltd (+41.5 % 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 Joong Ang Enervis Co. Ltd (000440)?
The free-cash-flow yield on the price is 0.93 %: that much free cash flow Joong Ang Enervis Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Joong Ang Enervis Co. Ltd (000440)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Joong Ang Enervis Co. Ltd it is 2,253 KRW per share (as of Nov 5, 2026), against a price of 10,830 KRW. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Joong Ang Enervis Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 000440 trades above its calculated fair value: price 10,830 KRW, fair value 2,253 KRW, a gap of about −79% (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 000440?
No. The price is what the market pays today (10,830 KRW); the fair value is what the company's own numbers justify (2,253 KRW). For Joong Ang Enervis Co. Ltd the two are 8,577 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Joong Ang Enervis Co. Ltd worth?
The market values Joong Ang Enervis Co. Ltd at about 48.0B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 10,830 KRW; our models calculate a fair value of 2,253 KRW per share.
What do the bullish and bearish scenarios say about 000440?
Our models span a range for Joong Ang Enervis Co. Ltd: cautious scenario 1,628 KRW, base 2,253 KRW, optimistic 3,069 KRW per share (as of Nov 5, 2026, price 10,830 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Joong Ang Enervis Co. Ltd (000440)?
Balance-sheet figures for Joong Ang Enervis Co. Ltd (as of Nov 5, 2026): return on equity −147.3%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 000440 from its 52-week high?
Joong Ang Enervis Co. Ltd trades at 10,830 KRW, about 67% below its 52-week high of 32,800 KRW and at the low of 10,830 KRW (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 2,253 KRW is for.
Which stocks are comparable to Joong Ang Enervis Co. Ltd?
From the same area (Energy) we also value SHLPH, PXP, PPC, JTF International Holdings, 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 Joong Ang Enervis Co. Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 10,830 KRW, calculated fair value 2,253 KRW (−79%), Quality Score 58/100, from 7 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 000440 calculated?
We run Joong Ang Enervis Co. Ltd through 7 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 2,253 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 15.0% above its aggregate fair value. Joong Ang Enervis Co. Ltd 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 Joong Ang Enervis Co. Ltd (000440)?
The closing price on Nov 4, 2026 was 10,830 KRW. Our model-based fair value is 2,253 KRW, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Joong Ang Enervis Co. Ltd right now?
The price sits above even our optimistic bull case (3,069 KRW). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (1,628 KRW to 3,069 KRW) leaves room in how you read the outcome.
Key figures of Joong Ang Enervis Co. Ltd
How large is the market capitalisation of Joong Ang Enervis Co. Ltd (000440)?
The market capitalisation of Joong Ang Enervis Co. Ltd is 48.0B KRW (≈ $35.8M). 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 Joong Ang Enervis Co. Ltd (000440)?
The price-to-sales ratio of Joong Ang Enervis Co. Ltd is 0.71 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Joong Ang Enervis Co. Ltd (000440)?
The dividend yield of Joong Ang Enervis Co. Ltd is 2.1%. 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 Joong Ang Enervis Co. Ltd (000440)?
The net margin of Joong Ang Enervis Co. Ltd is 0.2% (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 Joong Ang Enervis Co. Ltd (000440)?
The return on equity (ROE) of Joong Ang Enervis Co. Ltd is −147% (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 Joong Ang Enervis Co. Ltd (000440)?
On an EBIT basis the return on assets of Joong Ang Enervis Co. Ltd is −1.2% (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 Joong Ang Enervis Co. Ltd (000440)?
The operating margin of Joong Ang Enervis Co. Ltd is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Joong Ang Enervis Co. Ltd (000440)?
Revenue at Joong Ang Enervis Co. Ltd is growing +16.8% versus a year earlier (3y avg −11.5%). 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 Joong Ang Enervis Co. Ltd (000440)?
Earnings per share at Joong Ang Enervis Co. Ltd are growing −27.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Joong Ang Enervis Co. Ltd (000440) carry?
The net debt of Joong Ang Enervis Co. Ltd is 473M KRW (fiscal year 2024, ≈ 1.1 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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Thin data
Nov 5, 2026