Kisco Holdings (001940) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kisco Holdings stock KRW 43,440, price KRW 27,150, upside +60.0%, quality 46 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
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 9,288 KRW – 28,350 KRW · fair‑value band 36,636 KRW – 54,965 KRW · the 27,150 KRW price screens below the 43,440 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Kisco in your weekly email
Every Wednesday you see whether Kisco is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
KISCO Holdings Corp., through its subsidiaries, develops, produces, and sells steel products primarily in South Korea. It offers reinforcing bars and billets; and produces and supplies oxygen, liquid nitrogen, and argon.
Show moreShow less
KISCO Holdings Corp. was founded in 1957 and is headquartered in Changwon-si, South Korea.
Stock analysis
Kisco Holdings (001940) currently trades at 27,150 KRW, while our model-based Fair Value estimate is 43,440 KRW, implying the stock looks roughly 38% undervalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 53,821 KRW per share, and 2 of the 7 models we run sit above the 27,150 KRW price.
Bear case: the DCF Models group reads lowest at 22,756 KRW, and 5 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: 36,636 KRW (bear) to 54,965 KRW (bull), the price of 27,150 KRW sits below 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 46/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kisco Holdings reported revenue of 825B KRW in FY2025 versus 1.6T KRW in FY2021, a compound −15.0%/yr. Reported net income was −18.2B KRW in FY2025.
Key figures
Market cap 340B KRW (≈ $251M) Micro · P/S ratio 0.31 · EPS (TTM) −1,824 KRW · Dividend yield 6.1% · Net margin −2.4% · Return on equity −2.0% · Return on assets (EBIT) 5.4% (5-year average) · Operating margin −2.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −34% fair-value upside, at 60%, 001940 screens cheaper than that median.
Fair Value models
Bear36,636 KRWFair Value 43,440 KRWBull54,965 KRW
Price 27,150 KRW · Upside +60.0%
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 DCF18,909 KRW22,707 KRW28,953 KRW82
Growth DCF19,298 KRW22,882 KRW28,328 KRW80
5Y Revenue Exit19,274 KRW25,277 KRW33,994 KRW74
All 7 models by family
DCF Models
FCF DCF18,909 KRW22,707 KRW28,953 KRW82
5Y Revenue Exit19,274 KRW25,277 KRW33,994 KRW74
10Y Revenue Exit18,708 KRW22,756 KRW27,056 KRW68
Multiples
EV/Revenue20,828 KRW27,400 KRW33,972 KRW54
Asset-Based
NCAV (Graham)35,522 KRW53,821 KRW67,276 KRW54
Growth DCF
Growth DCF19,298 KRW22,882 KRW28,328 KRW80
Rev-Margin DCF19,274 KRW25,642 KRW33,470 KRW74
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.5%
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.
−23.0%
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.
−5.0%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 23 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.
+1.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
7.8% (2020) → −8.6% (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).
+7.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +5.2% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Steel · 410 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets−1.1% · Bottom 25%
Net margin (12 months)−2.4% · Bottom 25%
Operating margin (12 months)−2.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)29.2% · Top 25%
Dividend yield (12 months)6.1% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.30× · Cheapest 25%
P/S (12 months)0.38× · Cheaper than median
Price / free cash flow (fiscal year)16.8× · Pricier than median
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). "Kisco Holdings Fair Value". https://www.fairvalue-calculator.com/stock/001940
Frequently asked questions
Is Kisco Holdings (001940) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 43,440 KRW versus a price of 27,150 KRW, about +60% upside (undervalued).
What is the fair value of 001940?
Our model-based fair value for Kisco Holdings is 43,440 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 27,150 KRW.
What is the quality score of 001940?
Kisco Holdings has a Quality Score of 46/100. 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 Kisco Holdings (001940)?
Our model-based price target is the fair value of 43,440 KRW (as of Nov 8, 2026) from 7 valuation models. Cautious scenario 36,636 KRW, optimistic scenario 54,965 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kisco Holdings stock forecast for 2026?
Our models put fair value at 43,440 KRW, about +60% upside versus a price of 27,150 KRW (undervalued). Cautious scenario 36,636 KRW, optimistic scenario 54,965 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kisco Holdings (001940)?
Kisco Holdings reported trailing-twelve-month revenue of about 899B KRW (latest available figure, as of Nov 8, 2026).
Does Kisco Holdings pay a dividend?
Kisco Holdings currently shows a dividend yield of 6.10% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Kisco Holdings (001940) and when is the ex-dividend date?
Kisco Holdings pays a dividend of 1,655 KRW per share a year, a dividend yield of 6.1%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2000. Free cash flow covers the dividend 1.02 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Kisco Holdings (001940)?
For today's price to be fair in a discounted-cash-flow model, Kisco Holdings would have to grow free cash flow by +7.4 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.0 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 001940 use?
Our models discount Kisco Holdings at 11.6 %: a base by market capitalisation (micro), damped by beta 0.45, 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 Kisco Holdings that is +7.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Kisco Holdings (001940) delivered so far?
Over the past 5 years revenue at Kisco Holdings grew -5.0 % a year. The price currently implies free-cash-flow growth of +7.4 % per 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 Kisco Holdings (001940) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Kisco Holdings (+7.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kisco Holdings (001940)?
The free-cash-flow yield on the price is 5.95 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Kisco Holdings produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kisco Holdings (001940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kisco Holdings it is 43,440 KRW per share (as of Nov 8, 2026), against a price of 27,150 KRW. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Kisco Holdings stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 001940 trades below its calculated fair value: price 27,150 KRW, fair value 43,440 KRW, a gap of about +60% (undervalued). 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 001940?
No. The price is what the market pays today (27,150 KRW); the fair value is what the company's own numbers justify (43,440 KRW). For Kisco Holdings the two are 16,290 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kisco Holdings worth?
The market values Kisco Holdings at about 340B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 27,150 KRW; our models calculate a fair value of 43,440 KRW per share.
What do the bullish and bearish scenarios say about 001940?
Our models span a range for Kisco Holdings: cautious scenario 36,636 KRW, base 43,440 KRW, optimistic 54,965 KRW per share (as of Nov 8, 2026, price 27,150 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kisco Holdings (001940)?
Balance-sheet figures for Kisco Holdings (as of Nov 8, 2026): return on equity −2.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 001940 from its 52-week high?
Kisco Holdings trades at 27,150 KRW, about 4% below its 52-week high of 28,350 KRW and 33% above the low of 20,350 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 43,440 KRW is for.
Which stocks are comparable to Kisco Holdings?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Kisco Holdings stock attractive at the current price?
The data as of Nov 8, 2026: price 27,150 KRW, calculated fair value 43,440 KRW (+60%), Quality Score 46/100, 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 001940 calculated?
We run Kisco Holdings through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 43,440 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. Kisco Holdings currently trades 38% below its own fair value, and the market average says nothing about that. 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 Kisco Holdings (001940)?
The closing price on Nov 6, 2026 was 27,150 KRW. Our model-based fair value is 43,440 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kisco Holdings right now?
The large discount to fair value meets weak quality (46/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (36,636 KRW). The market is more pessimistic than our downside scenario. 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 Kisco Holdings
How large is the market capitalisation of Kisco Holdings (001940)?
The market capitalisation of Kisco Holdings is 340B KRW (≈ $251M). 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 Kisco Holdings (001940)?
The price-to-sales ratio of Kisco Holdings is 0.31 (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 Kisco Holdings (001940)?
Earnings per share at Kisco Holdings are −1,824 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kisco Holdings (001940)?
The dividend yield of Kisco Holdings is 6.1%. 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 Kisco Holdings (001940)?
The net margin of Kisco Holdings is −2.4% (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 Kisco Holdings (001940)?
The return on equity (ROE) of Kisco Holdings is −2.0% (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 Kisco Holdings (001940)?
On an EBIT basis the return on assets of Kisco Holdings is 5.4% (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 Kisco Holdings (001940)?
The operating margin of Kisco Holdings is −2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kisco Holdings (001940)?
Revenue at Kisco Holdings is growing +29.2% versus a year earlier (3y avg −23.0%). 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 Kisco Holdings (001940)?
Earnings per share at Kisco Holdings are growing −61.7% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Kisco Holdings in the live analysis
One click puts Kisco Holdings on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 8, 2026