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Data-driven stock valuation

Shinsung E&G Co. Ltd (011930) fair value: what the stock is really worth

As of Nov 12, 2026: fair value (intrinsic value) of Shinsung E&G Co. Ltd stock KRW 2,478, price KRW 12,580, that is 80.3% below the price, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Industrials KR · ISIN KR7011930005

SE Shinsung E&G Co. Ltd logo Thin data Nov 12, 2026

Shinsung E&G Co. Ltd

011930 · KO

Far too expensive (fair value 80% below the price), but solid company and rising price: meets 2 of 3 rules.

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Rising price (uptrend) 
Low debt 
Revenue last quarter +44% vs. a year ago. 
Quality 50/100 
Fair value 2,478 KRW · Strongly overvalued 
Weak Growth (revenue 3y −5.1 %/yr in KRW) 
Loss-making · -0.7% net margin (TTM) 
Negative free cash flow 
Trails peers (3/11) 
Narrow moat 22/100
Thin data 
Extreme value
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What runs behind every stock

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

Price vs Fair Value

42,950 KRW 10,320 KRW Fair Value 2,478 KRW May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.

How to read this chart

60‑month range 10,320 KRW – 42,950 KRW · fair‑value band 2,478 KRW – 5,622 KRW · the 12,580 KRW price screens above the 2,478 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 12, 2026.

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Company profile

Shinsung E&G Co.,Ltd. provides solar modules and solar systems in Korea and internationally. The company operates through Clean Environment and Renewable Energy Business.

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The company offers clean room installation, FFU, EFU equipment manufacturing and secondary battery manufacturing, as well as dry room installation; and manufactures and sells solar modules, constructs power plants, and conducts operations and management.

The company was formerly known as Shinsung Solar Energy Co., Ltd. and changed its name to Shinsung E&G Co.,Ltd. in March 2017. Shinsung E&G Co.,Ltd. was founded in 1977 and is headquartered in Gwacheon-si, South Korea.

Stock analysis

Shinsung E&G Co. Ltd (011930) currently trades at 12,580 KRW, while our model-based Fair Value estimate is 2,478 KRW, 80% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 2,478 KRW (bear) to 5,622 KRW (bull), the price of 12,580 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 50/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Shinsung E&G Co. Ltd reported revenue of 567B KRW in FY2025 versus 455B KRW in FY2021, a compound +5.7%/yr. Reported net income was −7.0B KRW in FY2025.

Key figures

Market cap 255B KRW (≈ $192M) Micro · P/S ratio 0.45 · EPS (TTM) −228.55 KRW · Net margin −0.7% · Return on equity −3.2% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 1.5% · Revenue (TTM) 667B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).

What moves the price

The share trades about 71% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −80%, 011930 screens richer than that median.

Fair Value models

Bear 2,478 KRW Fair Value 2,478 KRW Bull 5,622 KRW
Price 12,580 KRW · Downside -80.3%
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
EV/EBITDA n/a 2,478 KRW 5,622 KRW 62
NCAV (Graham) 5,564 KRW 7,456 KRW 11,128 KRW 54
All 2 models by family
Multiples
EV/EBITDA n/a 2,478 KRW 5,622 KRW 62
Asset-Based
NCAV (Graham) 5,564 KRW 7,456 KRW 11,128 KRW 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 50/100

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

Profitability 23
How much profit the company makes from its sales and capital
Quality Growth 44
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 28
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 17
How calm the share price moves, does not count
Price momentum 18
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 100
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. 5/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.5%
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.
−5.1%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +12.8% a year
Revenue growth 25 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.
+6.4%
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.
3.8% (2020) → 0.2% (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

011930 screens overvalued: fair value 80% below the price. Compare with Johnson Controls International plc →

Compare Shinsung E&G Co. Ltd with another stock

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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.Building Products & Equipment · 263 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 50 · Below median
Fair Value upside −80.3% · Bottom 25%
Profitability
Return on assets −1.2% · Bottom 25%
Net margin (12 months) −0.7% · Below median
Operating margin (12 months) 1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY) 44.2% · Top 25%
Balance sheet
Debt / equity 0.40× · Highest 25%

Valuation Multiplesvs Building Products & Equipment median · lower = cheaper

P/B 1.09× · Cheaper than median
P/S (12 months) 0.38× · Cheapest 25%
EV/EBITDA 19.9× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 21
FUTURE (revenue growth)100 · sector 26
PAST (return on equity)0 · sector 23
HEALTH (low debt)80 · sector 95
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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Compagnie de Saint-Gobain S.A SGO €75.90 €93.79 +24% vs 011930
Madison Air Solutions Corporation MAIR $24.06 $26.47 +10% vs 011930
Carlisle Companies Incorporated CSL $397.62 $349.50 −12% vs 011930
Kingspan Group KRX €97.30 €68.99 −29% vs 011930
Masco Corporation MAS $84.91 $56.97 −33% vs 011930
Trane Technologies plc TT $424.84 $223.94 −47% vs 011930
Johnson Controls International plc JCI $144.61 $73.99 −49% vs 011930
Geberit AG GEBN CHF 596.60 CHF 303.40 −49% vs 011930
Carrier Global Corporation CARR $54.58 $19.35 −65% vs 011930
BELIMO Holding BEAN CHF 771.50 CHF 236.88 −69% vs 011930

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Shinsung E&G Co. Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shinsung E&G Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/011930

Frequently asked questions

Is Shinsung E&G Co. Ltd (011930) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of 2,478 KRW versus a price of 12,580 KRW, about 80% lower (overvalued).
What is the fair value of 011930?
Our model-based fair value for Shinsung E&G Co. Ltd is 2,478 KRW (as of Nov 12, 2026), built from audited fundamentals. The current price: 12,580 KRW.
What is the quality score of 011930?
Shinsung E&G Co. Ltd has a Quality Score of 50/100. 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 Shinsung E&G Co. Ltd (011930)?
Our model-based price target is the fair value of 2,478 KRW (as of Nov 12, 2026) from 2 valuation models. Cautious scenario 2,478 KRW, optimistic scenario 5,622 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Shinsung E&G Co. Ltd stock forecast for 2026?
Our models put fair value at 2,478 KRW, about 80% lower versus a price of 12,580 KRW (overvalued). Cautious scenario 2,478 KRW, optimistic scenario 5,622 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Shinsung E&G Co. Ltd (011930)?
Shinsung E&G Co. Ltd reported trailing-twelve-month revenue of about 667B KRW (latest available figure, as of Nov 12, 2026).
What is the intrinsic value of Shinsung E&G Co. Ltd (011930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shinsung E&G Co. Ltd it is 2,478 KRW per share (as of Nov 12, 2026), against a price of 12,580 KRW. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Shinsung E&G Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 011930 trades above its calculated fair value: price 12,580 KRW, fair value 2,478 KRW, a gap of about −80% (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 011930?
No. The price is what the market pays today (12,580 KRW); the fair value is what the company's own numbers justify (2,478 KRW). For Shinsung E&G Co. Ltd the two are 10,102 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Shinsung E&G Co. Ltd worth?
The market values Shinsung E&G Co. Ltd at about 255B KRW (market capitalisation, as of Nov 12, 2026). Per share that is 12,580 KRW; our models calculate a fair value of 2,478 KRW per share.
What do the bullish and bearish scenarios say about 011930?
Our models span a range for Shinsung E&G Co. Ltd: cautious scenario 2,478 KRW, base 2,478 KRW, optimistic 5,622 KRW per share (as of Nov 12, 2026, price 12,580 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shinsung E&G Co. Ltd (011930)?
Balance-sheet figures for Shinsung E&G Co. Ltd (as of Nov 12, 2026): return on equity −3.2%, debt of 0.40 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 011930 from its 52-week high?
Shinsung E&G Co. Ltd trades at 12,580 KRW, about 71% below its 52-week high of 42,950 KRW and 14% above the low of 11,000 KRW (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of 2,478 KRW is for.
Which stocks are comparable to Shinsung E&G Co. Ltd?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Shinsung E&G Co. Ltd stock attractive at the current price?
The data as of Nov 12, 2026: price 12,580 KRW, calculated fair value 2,478 KRW (−80%), Quality Score 50/100, from 2 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 011930 calculated?
We run Shinsung E&G Co. Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 2,478 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 14.3% above its aggregate fair value. Shinsung E&G 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 Shinsung E&G Co. Ltd (011930)?
The closing price on Nov 12, 2026 was 12,580 KRW. Our model-based fair value is 2,478 KRW, about 80% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shinsung E&G Co. Ltd right now?
The price sits above even our optimistic bull case (5,622 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 (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (2,478 KRW to 5,622 KRW) leaves room in how you read the outcome.

Key figures of Shinsung E&G Co. Ltd

How large is the market capitalisation of Shinsung E&G Co. Ltd (011930)?
The market capitalisation of Shinsung E&G Co. Ltd is 255B KRW (≈ $192M). 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 Shinsung E&G Co. Ltd (011930)?
The price-to-sales ratio of Shinsung E&G Co. Ltd is 0.45 (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 Shinsung E&G Co. Ltd (011930)?
Earnings per share at Shinsung E&G Co. Ltd are −228.55 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shinsung E&G Co. Ltd (011930)?
The net margin of Shinsung E&G Co. Ltd is −0.7% (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 Shinsung E&G Co. Ltd (011930)?
The return on equity (ROE) of Shinsung E&G Co. Ltd is −3.2% (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 Shinsung E&G Co. Ltd (011930)?
On an EBIT basis the return on assets of Shinsung E&G Co. Ltd is 1.3% (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 Shinsung E&G Co. Ltd (011930)?
The operating margin of Shinsung E&G Co. Ltd is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shinsung E&G Co. Ltd (011930)?
Revenue at Shinsung E&G Co. Ltd is growing +44.2% versus a year earlier (3y avg −5.1%). 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 Shinsung E&G Co. Ltd (011930)?
Earnings per share at Shinsung E&G Co. Ltd are growing −77.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shinsung E&G Co. Ltd (011930) generate?
The free cash flow of Shinsung E&G Co. Ltd is −41.2B 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 Shinsung E&G Co. Ltd (011930) carry?
The net debt of Shinsung E&G Co. Ltd is 205B 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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