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Mirae ING Co Ltd (007120) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Mirae ING Co Ltd stock KRW 650, price KRW 903, that is 28.0% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials KR · ISIN KR7007120009

MI Mirae ING Co Ltd logo Thin data Nov 3, 2026

Mirae ING Co Ltd

007120 · KO
Solid, but expensive

Our calculation puts a fair price 28% below what the stock costs today.

Quality 69/100
Low debt
Generates free cash flow
Mixed Growth (revenue 5y +19.6 %/yr in KRW)
Mixed vs. peers (6/12)
Fair value 650.40 KRW · Overvalued
Loss-making · -23.7% net margin (TTM)
Narrow moat 35/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

2,405 KRW 225.00 KRW Fair Value 650.40 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 225.00 KRW – 2,405 KRW · fair‑value band 543.54 KRW – 757.27 KRW · the 903.00 KRW price screens above the 650.40 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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Company profile

MiraeING.Co.,Ltd. develops and supplies defense security products in South Korea and internationally. It offers shooting command equipment for self-propelled howitzers, and various fire power equipment.

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The company also provides messaging services to banking, securities, and other financial institutions and corporate customers; and Trade Services Utility, a service that in-sources and processes corporate processes in the open account transaction.

In addition, it offers SafeWatch Filtering, an anti-money laundering system; eNisis, a financial messaging solution; Summit, an optimal derivative product solution; CTMS, a treasury business system; Wallstreet Suite that provides a tactical enterprise application platform to financial institutions and funds; Internet banking system that supports services, such as customer management, asset management, and corporate support to the Internet banking market; and cloud computing services.

Further, the company provides consulting, implementation, and maintenance services. MiraeING.Co.,Ltd. was founded in 1971 and is based in Seoul, South Korea.

Stock analysis

Mirae ING Co Ltd (007120) currently trades at 903.00 KRW, while our model-based Fair Value estimate is 650.40 KRW, 28% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 3,491 KRW per share, and 9 of the 14 models we run sit above the 903.00 KRW price.

Bear case: the Earnings-Based group reads lowest at 364.64 KRW, and 5 of the 14 models stay below the price. Data coverage for this calculation is low.

Scenario range: 543.54 KRW (bear) to 757.27 KRW (bull), the price of 903.00 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 69/100 (solid quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Mirae ING Co Ltd reported revenue of 14.1B KRW in FY2025 versus 7.8B KRW in FY2021, a compound +16.0%/yr. Reported net income was −2.6B KRW in FY2025.

Key figures

Market cap 24.7B KRW (≈ $18.2M) Micro · P/S ratio 2.16 · EPS (TTM) −111.05 KRW · Net margin −23.7% · Return on equity −4.3% · Return on assets (EBIT) 3.2% (5-year average) · Operating margin 44.5% · Revenue (TTM) 12.8B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).

What moves the price

The share trades about 62% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at −28%, 007120 screens richer than that median.

Fair Value models

Bear 543.54 KRW Fair Value 650.40 KRW Bull 757.27 KRW
Price 903.00 KRW · Downside -28.0%
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 DCF 3,487 KRW 5,327 KRW 8,166 KRW 79
Growth DCF 3,547 KRW 5,181 KRW 7,549 KRW 78
Owner Earnings 497.58 KRW 652.47 KRW 891.34 KRW 77
All 14 models by family
DCF Models
FCF DCF 3,487 KRW 5,327 KRW 8,166 KRW 79
Owner Earnings 497.58 KRW 652.47 KRW 891.34 KRW 77
5Y Revenue Exit 1,492 KRW 1,750 KRW 2,020 KRW 74
5Y EBITDA Exit 2,055 KRW 2,801 KRW 3,635 KRW 76
10Y Revenue Exit 2,171 KRW 2,574 KRW 3,021 KRW 68
10Y EBITDA Exit 2,539 KRW 3,308 KRW 4,260 KRW 70
Earnings-Based
EPV 344.15 KRW 364.64 KRW 382.64 KRW 74
Multiples
EV/EBIT 543.54 KRW 650.40 KRW 757.27 KRW 66
EV/EBITDA 1,433 KRW 1,836 KRW 2,240 KRW 67
EV/Revenue 451.76 KRW 549.82 KRW 647.89 KRW 54
Asset-Based
NCAV (Graham) 820.86 KRW 1,100 KRW 1,642 KRW 54
Growth DCF
Growth DCF 3,547 KRW 5,181 KRW 7,549 KRW 78
Rev-Margin DCF 1,492 KRW 1,802 KRW 2,065 KRW 74
Economic Profit
ROIC Compounder 344.15 KRW 364.64 KRW 382.64 KRW 72

Open the full fair value analysis →

Quality Score breakdown

Overall quality 69/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 92
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 52
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 27
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 26
Distance to the 52-week high, does not count
New shares 75
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+20.7%
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.
+3.3%
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.
+19.6%
Start year 2020 (pandemic)
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

Little optimism in the price
The price assumes less 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).
−28.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −30.4% a year for the price.

007120 screens overvalued: fair value 28% below the price. Compare with Allegion plc →

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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.Security & Protection Services · 105 stocks

Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 69 · Top 25%
Fair Value upside −28.0% · Below median
Profitability
Return on assets −3.7% · Bottom 25%
Net margin (12 months) −23.7% · Bottom 25%
Operating margin (12 months) 44.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 196.8% · Top 25%
Balance sheet
Debt / equity 0.08× · Above median

Valuation Multiplesvs Security & Protection Services median · lower = cheaper

P/B 0.51× · Cheapest 25%
P/S (12 months) 1.92× · Pricier than median
Price / free cash flow (fiscal year) 3.5× · Cheapest 25%
EV/EBITDA 3.6× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 35
FUTURE (revenue growth)100 · sector 45
PAST (return on equity)0 · sector 28
HEALTH (low debt)96 · sector 99
DIVIDEND (yield)0 · sector 43

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Zhejiang Dahua Technology Co 002236 ¥14.54 ¥32.12 +121% vs 007120
The Brink's Company BCO $110.25 $121.16 +10% vs 007120
ADT Inc ADT $9.86 $10.67 +8% vs 007120
Brady Corporation BRC $78.72 $84.37 +7% vs 007120
S-1 Corporation 012750 98,400 KRW 99,629 KRW +1% vs 007120
Loomis AB LOOMIS kr 506.00 kr 496.43 −2% vs 007120
MSA Safety Incorporated MSA $170.14 $121.81 −28% vs 007120
Allegion plc ALLE $185.39 $129.15 −30% vs 007120
CoreCivic, Inc CXW $28.67 $18.76 −35% vs 007120
The GEO Group GEO $27.80 $13.08 −53% vs 007120

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Mirae ING Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Mirae ING Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/007120

Frequently asked questions

Is Mirae ING Co Ltd (007120) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 650.40 KRW versus a price of 903.00 KRW, about 28% lower (overvalued).
What is the fair value of 007120?
Our model-based fair value for Mirae ING Co Ltd is 650.40 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 903.00 KRW.
What is the quality score of 007120?
Mirae ING Co Ltd has a Quality Score of 69/100. 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 Mirae ING Co Ltd (007120)?
Our model-based price target is the fair value of 650.40 KRW (as of Nov 3, 2026) from 14 valuation models. Cautious scenario 543.54 KRW, optimistic scenario 757.27 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mirae ING Co Ltd stock forecast for 2026?
Our models put fair value at 650.40 KRW, about 28% lower versus a price of 903.00 KRW (overvalued). Cautious scenario 543.54 KRW, optimistic scenario 757.27 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mirae ING Co Ltd (007120)?
Mirae ING Co Ltd reported trailing-twelve-month revenue of about 12.8B KRW (latest available figure, as of Nov 3, 2026).
What growth is priced into Mirae ING Co Ltd (007120)?
For today's price to be fair in a discounted-cash-flow model, Mirae ING Co Ltd would have to grow free cash flow by -28.9 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 007120 use?
Our models discount Mirae ING Co Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.34, 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 Mirae ING Co Ltd that is -28.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Mirae ING Co Ltd (007120) delivered so far?
Over the past 5 years revenue at Mirae ING Co Ltd grew +19.6 % a year. The price currently implies free-cash-flow growth of -28.9 % 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 Mirae ING Co Ltd (007120) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Mirae ING Co Ltd (-28.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mirae ING Co Ltd (007120)?
The free-cash-flow yield on the price is 28.96 %: that much free cash flow Mirae ING Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mirae ING Co Ltd (007120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mirae ING Co Ltd it is 650.40 KRW per share (as of Nov 3, 2026), against a price of 903.00 KRW. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Mirae ING Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 007120 trades above its calculated fair value: price 903.00 KRW, fair value 650.40 KRW, a gap of about −28% (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 007120?
No. The price is what the market pays today (903.00 KRW); the fair value is what the company's own numbers justify (650.40 KRW). For Mirae ING Co Ltd the two are 252.60 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mirae ING Co Ltd worth?
The market values Mirae ING Co Ltd at about 24.7B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 903.00 KRW; our models calculate a fair value of 650.40 KRW per share.
What do the bullish and bearish scenarios say about 007120?
Our models span a range for Mirae ING Co Ltd: cautious scenario 543.54 KRW, base 650.40 KRW, optimistic 757.27 KRW per share (as of Nov 3, 2026, price 903.00 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mirae ING Co Ltd (007120)?
Balance-sheet figures for Mirae ING Co Ltd (as of Nov 3, 2026): return on equity −4.3%, debt of 0.08 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 007120 from its 52-week high?
Mirae ING Co Ltd trades at 903.00 KRW, about 62% below its 52-week high of 2,405 KRW and 13% above the low of 798.00 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 650.40 KRW is for.
Which stocks are comparable to Mirae ING Co Ltd?
From the same area (Industrials) we also value Allegion plc, ADT Inc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, 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 Mirae ING Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 903.00 KRW, calculated fair value 650.40 KRW (−28%), Quality Score 69/100, from 14 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 007120 calculated?
We run Mirae ING Co Ltd through 14 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 650.40 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. Mirae ING 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 Mirae ING Co Ltd (007120)?
The closing price on Nov 6, 2026 was 903.00 KRW. Our model-based fair value is 650.40 KRW, about 28% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mirae ING Co Ltd right now?
The price sits above even our optimistic bull case (757.27 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Mirae ING Co Ltd

How large is the market capitalisation of Mirae ING Co Ltd (007120)?
The market capitalisation of Mirae ING Co Ltd is 24.7B KRW (≈ $18.2M). 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 Mirae ING Co Ltd (007120)?
The price-to-sales ratio of Mirae ING Co Ltd is 2.16 (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 Mirae ING Co Ltd (007120)?
Earnings per share at Mirae ING Co Ltd are −111.05 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mirae ING Co Ltd (007120)?
The net margin of Mirae ING Co Ltd is −23.7% (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 Mirae ING Co Ltd (007120)?
The return on equity (ROE) of Mirae ING Co Ltd is −4.3% (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 Mirae ING Co Ltd (007120)?
On an EBIT basis the return on assets of Mirae ING Co Ltd is 3.2% (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 Mirae ING Co Ltd (007120)?
The operating margin of Mirae ING Co Ltd is 44.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mirae ING Co Ltd (007120)?
Revenue at Mirae ING Co Ltd is growing +197% versus a year earlier (3y avg +3.3%). 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 Mirae ING Co Ltd (007120)?
Earnings per share at Mirae ING Co Ltd are growing −96.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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