Sajodaerim (003960) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sajodaerim stock KRW 70,200, price KRW 23,400, upside +200.0%, quality 28 out of 100. Rating: strongly undervalued. Calculated from audited financials with 12 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 21,954 KRW – 98,162 KRW · fair‑value band 57,079 KRW – 85,732 KRW · the 23,400 KRW price screens below the 70,200 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Sajodaerim Corporation operates in the fisheries, food, food logistics, and retailing sectors in Korea.
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It is also involved in the manufacture, logistics, and retailing of processed foods, such as fishcakes, crab-flavored fish sticks, hams, and sausages under the Daerim Seon brand; and production and vending of frozen and refrigerated foods, salted seafood, seasoned dried laver, dried sea mustards, and other products.
In addition, the company engages in breeding, producing, processing, and retailing pork and fowl; and livestock business. Sajodaerim Corporation was founded in 1945 and is based in Seoul, South Korea.
Stock analysis
Sajodaerim (003960) currently trades at 23,400 KRW, while our model-based Fair Value estimate is 70,200 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 145,253 KRW per share, and 12 of the 12 models we run sit above the 23,400 KRW price.
Bear case: the Asset-Based group reads lowest at 24,877 KRW, and 0 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 57,079 KRW (bear) to 85,732 KRW (bull), the price of 23,400 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 28/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sajodaerim reported revenue of 3.5T KRW in FY2025 versus 1.8T KRW in FY2021, a compound +17.9%/yr. Reported net income was −78.6B KRW in FY2025.
Key figures
Market cap 209B KRW (≈ $155M) Micro · P/S ratio 0.06 · EPS (TTM) −22,998 KRW · Dividend yield 1.1% · Net margin −5.8% · Return on equity −25.4% · Return on assets (EBIT) 7.8% (5-year average) · Operating margin 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −1% fair-value upside, at 200%, 003960 screens cheaper than that median.
Fair Value models
Bear57,079 KRWFair Value 70,200 KRWBull85,732 KRW
Price 23,400 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.
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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+32.4%
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.
+20.1%
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.
+15.3%
Start year 2020 (pandemic). Over 10 years: +17.2% a year
Revenue growth 26 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.
+9.3%
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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.
3.7% (2019) → 5.0% (2024)
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).
+46.1%
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 +43.1% a year for the price.
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.Packaged Foods · 625 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on assets−3.6% · Bottom 25%
Net margin (12 months)−5.8% · Bottom 25%
Operating margin (12 months)2.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)2.2% · Below median
Dividend yield (12 months)1.1% · Bottom 25%
Balance sheet
Debt / equity0.27× · Above median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sajodaerim Fair Value". https://www.fairvalue-calculator.com/stock/003960
Frequently asked questions
Is Sajodaerim (003960) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 70,200 KRW versus a price of 23,400 KRW, about +200% upside (undervalued).
What is the fair value of 003960?
Our model-based fair value for Sajodaerim is 70,200 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 23,400 KRW.
What is the quality score of 003960?
Sajodaerim has a Quality Score of 28/100. 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 Sajodaerim (003960)?
Our model-based price target is the fair value of 70,200 KRW (as of Nov 8, 2026) from 12 valuation models. Cautious scenario 57,079 KRW, optimistic scenario 85,732 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sajodaerim stock forecast for 2026?
Our models put fair value at 70,200 KRW, about +200% upside versus a price of 23,400 KRW (undervalued). Cautious scenario 57,079 KRW, optimistic scenario 85,732 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sajodaerim (003960)?
Sajodaerim reported trailing-twelve-month revenue of about 3.6T KRW (latest available figure, as of Nov 8, 2026).
Does Sajodaerim pay a dividend?
Sajodaerim currently shows a dividend yield of 1.07% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sajodaerim (003960) and when is the ex-dividend date?
Sajodaerim pays a dividend of 250.00 KRW per share a year, a dividend yield of 1.1%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2016. Free cash flow covers the dividend 3.19 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 Sajodaerim (003960)?
For today's price to be fair in a discounted-cash-flow model, Sajodaerim would have to grow free cash flow by +46.1 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 003960 use?
Our models discount Sajodaerim at 11.7 %: a base by market capitalisation (micro), damped by beta 0.55, 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 Sajodaerim that is +46.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Sajodaerim (003960) delivered so far?
Over the past 5 years revenue at Sajodaerim grew +15.3 % a year. The price currently implies free-cash-flow growth of +46.1 % 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 Sajodaerim (003960) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Sajodaerim (+46.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sajodaerim (003960)?
The free-cash-flow yield on the price is 3.41 %: that much free cash flow Sajodaerim produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sajodaerim (003960)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sajodaerim it is 70,200 KRW per share (as of Nov 8, 2026), against a price of 23,400 KRW. It is the blended result of 12 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Sajodaerim stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 003960 trades below its calculated fair value: price 23,400 KRW, fair value 70,200 KRW, a gap of about +200% (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 003960?
No. The price is what the market pays today (23,400 KRW); the fair value is what the company's own numbers justify (70,200 KRW). For Sajodaerim the two are 46,800 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sajodaerim worth?
The market values Sajodaerim at about 209B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 23,400 KRW; our models calculate a fair value of 70,200 KRW per share.
What do the bullish and bearish scenarios say about 003960?
Our models span a range for Sajodaerim: cautious scenario 57,079 KRW, base 70,200 KRW, optimistic 85,732 KRW per share (as of Nov 8, 2026, price 23,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sajodaerim (003960)?
Balance-sheet figures for Sajodaerim (as of Nov 8, 2026): return on equity −25.4%, debt of 0.27 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is 003960 from its 52-week high?
Sajodaerim trades at 23,400 KRW, about 40% below its 52-week high of 39,050 KRW and at the low of 23,400 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 70,200 KRW is for.
Which stocks are comparable to Sajodaerim?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz 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 Sajodaerim stock attractive at the current price?
The data as of Nov 8, 2026: price 23,400 KRW, calculated fair value 70,200 KRW (+200%), Quality Score 28/100, from 12 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 003960 calculated?
We run Sajodaerim through 12 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 70,200 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. Sajodaerim currently trades 67% 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 Sajodaerim (003960)?
The closing price on Nov 6, 2026 was 23,400 KRW. Our model-based fair value is 70,200 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sajodaerim right now?
The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (57,079 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 Sajodaerim
How large is the market capitalisation of Sajodaerim (003960)?
The market capitalisation of Sajodaerim is 209B KRW (≈ $155M). 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 Sajodaerim (003960)?
The price-to-sales ratio of Sajodaerim is 0.06 (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 Sajodaerim (003960)?
Earnings per share at Sajodaerim are −22,998 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sajodaerim (003960)?
The dividend yield of Sajodaerim is 1.1%. 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 Sajodaerim (003960)?
The net margin of Sajodaerim is −5.8% (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 Sajodaerim (003960)?
The return on equity (ROE) of Sajodaerim is −25.4% (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 Sajodaerim (003960)?
On an EBIT basis the return on assets of Sajodaerim is 7.8% (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 Sajodaerim (003960)?
The operating margin of Sajodaerim is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sajodaerim (003960)?
Revenue at Sajodaerim is growing +2.2% versus a year earlier (3y avg +20.1%). 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 Sajodaerim (003960)?
Earnings per share at Sajodaerim are growing +47.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sajodaerim (003960) carry?
The net debt of Sajodaerim is 467B KRW (fiscal year 2025, ≈ 65.4 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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Thin data
Nov 8, 2026