Sung Kwang Bend Co.Ltd (014620) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sung Kwang Bend Co.Ltd stock KRW 20,157, price KRW 21,500, that is 6.2% below the price, quality 68 out of 100. Rating: fairly valued. Calculated from audited financials with 25 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 7, 2026.
How to read this chart
60‑month range 7,262 KRW – 48,300 KRW · fair‑value band 14,638 KRW – 26,785 KRW · the 21,500 KRW price screens above the 20,157 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
Follow Sung Kwang Bend Co.Ltd in your weekly email
Every Wednesday you see whether Sung Kwang Bend Co.Ltd 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.
Sung Kwang Bend Co.,Ltd. engages in the manufacture and sale of pipe fittings in South Korea and internationally. The company offers elbows, tees, reducers, caps, stub-ends, laterals; and stainless, alloy, and carbon steel products.
Show moreShow less
Sung Kwang Bend Co.,Ltd. was founded in 1963 and is headquartered in Busan, South Korea.
Stock analysis
Sung Kwang Bend Co.Ltd (014620) currently trades at 21,500 KRW, while our model-based Fair Value estimate is 20,157 KRW, so the stock looks roughly fairly valued today (gap 6.7%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 21,726 KRW per share, and 7 of the 25 models we run sit above the 21,500 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,396 KRW, and 18 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 14,638 KRW (bear) to 26,785 KRW (bull), the price of 21,500 KRW sits inside 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 68/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sung Kwang Bend Co.Ltd reported revenue of 246B KRW in FY2025 versus 137B KRW in FY2021, a compound +15.7%/yr. Reported net income was 34.4B KRW in FY2025.
Key figures
Market cap 568B KRW (≈ $416M) Small · P/E ratio 15.2 · P/S ratio 2.30 · EPS (TTM) 1,386 KRW · Dividend yield 0.9% · Net margin 14.9% · Return on equity 6.8% · Return on assets (EBIT) 5.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −6%, 014620 screens cheaper than that median.
Fair Value models
Bear14,638 KRWFair Value 20,157 KRWBull26,785 KRW
Price 21,500 KRW · Downside -6.2%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,013 KRW per share) are deliberately not added.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.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.9%
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.
+0.2%
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.
+6.3%
Start year 2020 (pandemic). Over 10 years: −0.2% a year
Revenue growth 22 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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+43.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+42.5%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.42.5% vs 23.0%, picking up
Profit margin 2020 to 2025 ⓘ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.1% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
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).
+4.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +2.4% a year for the price and +7.9% for the forecasts.
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.Metal Fabrication · 259 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−6.2% · Above median
Profitability
Return on equity (12 months)6.8% · Above median
Return on assets5.8% · Above median
Net margin (12 months)14.9% · Top 25%
Operating margin (12 months)15.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)10.4% · Below median
Dividend yield (12 months)0.9% · Below median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (12 months)15.2× · Cheaper than median
P/B1.03× · Cheaper than median
P/S (12 months)2.30× · Pricier than median
Price / free cash flow (fiscal year)17.5× · Cheaper 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). "Sung Kwang Bend Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/014620
Frequently asked questions
Is Sung Kwang Bend Co.Ltd (014620) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 20,157 KRW versus a price of 21,500 KRW, about 6% lower (fairly valued).
What is the fair value of 014620?
Our model-based fair value for Sung Kwang Bend Co.Ltd is 20,157 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 21,500 KRW.
What is the quality score of 014620?
Sung Kwang Bend Co.Ltd has a Quality Score of 68/100. 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 Sung Kwang Bend Co.Ltd (014620)?
Our model-based price target is the fair value of 20,157 KRW (as of Nov 7, 2026) from 25 valuation models. Cautious scenario 14,638 KRW, optimistic scenario 26,785 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sung Kwang Bend Co.Ltd stock forecast for 2026?
Our models put fair value at 20,157 KRW, about 6% lower versus a price of 21,500 KRW (fairly valued). Cautious scenario 14,638 KRW, optimistic scenario 26,785 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sung Kwang Bend Co.Ltd (014620)?
Sung Kwang Bend Co.Ltd reported trailing-twelve-month revenue of about 247B KRW (latest available figure, as of Nov 7, 2026).
Does Sung Kwang Bend Co.Ltd pay a dividend?
Sung Kwang Bend Co.Ltd currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Sung Kwang Bend Co.Ltd (014620) and when is the ex-dividend date?
Sung Kwang Bend Co.Ltd pays a dividend of 200.00 KRW per share a year, a dividend yield of 0.9%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2001. The payout ratio is 14.4% of earnings. Free cash flow covers the dividend 6.10 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sung Kwang Bend Co.Ltd (014620)?
For today's price to be fair in a discounted-cash-flow model, Sung Kwang Bend Co.Ltd would have to grow free cash flow by +4.5 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 014620 use?
Our models discount Sung Kwang Bend Co.Ltd at 10.2 %: a base by market capitalisation (small), damped by beta 0.39, 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 Sung Kwang Bend Co.Ltd that is +4.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Sung Kwang Bend Co.Ltd (014620) delivered so far?
Over the past 5 years revenue at Sung Kwang Bend Co.Ltd grew +6.3 % a year. The price currently implies free-cash-flow growth of +4.5 % 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 Sung Kwang Bend Co.Ltd (014620) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Sung Kwang Bend Co.Ltd (+4.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sung Kwang Bend Co.Ltd (014620)?
The free-cash-flow yield on the price is 5.68 %: that much free cash flow Sung Kwang Bend Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sung Kwang Bend Co.Ltd (014620)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sung Kwang Bend Co.Ltd it is 20,157 KRW per share (as of Nov 7, 2026), against a price of 21,500 KRW. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sung Kwang Bend Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 014620 trades above its calculated fair value: price 21,500 KRW, fair value 20,157 KRW, a gap of about −6% (fairly valued). 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 014620?
No. The price is what the market pays today (21,500 KRW); the fair value is what the company's own numbers justify (20,157 KRW). For Sung Kwang Bend Co.Ltd the two are 1,343 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sung Kwang Bend Co.Ltd worth?
The market values Sung Kwang Bend Co.Ltd at about 568B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 21,500 KRW; our models calculate a fair value of 20,157 KRW per share.
What do the bullish and bearish scenarios say about 014620?
Our models span a range for Sung Kwang Bend Co.Ltd: cautious scenario 14,638 KRW, base 20,157 KRW, optimistic 26,785 KRW per share (as of Nov 7, 2026, price 21,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 014620?
Sung Kwang Bend Co.Ltd trades at a price-to-earnings ratio of 15.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20,157 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 17.5. Other multiples: P/B 1.0, P/S 2.3, EV/EBITDA 12.4.
How solid is the balance sheet of Sung Kwang Bend Co.Ltd (014620)?
Balance-sheet figures for Sung Kwang Bend Co.Ltd (as of Nov 7, 2026): return on equity 6.8%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 014620 from its 52-week high?
Sung Kwang Bend Co.Ltd trades at 21,500 KRW, about 55% below its 52-week high of 48,300 KRW and at the low of 21,500 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 20,157 KRW is for.
Which stocks are comparable to Sung Kwang Bend Co.Ltd?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge 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 Sung Kwang Bend Co.Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 21,500 KRW, calculated fair value 20,157 KRW (−6%), Quality Score 68/100, from 25 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 014620 calculated?
We run Sung Kwang Bend Co.Ltd through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 20,157 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 13.0% above its aggregate fair value. Sung Kwang Bend 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 Sung Kwang Bend Co.Ltd (014620)?
The closing price on Nov 6, 2026 was 21,500 KRW. Our model-based fair value is 20,157 KRW, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sung Kwang Bend Co.Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (14,638 KRW to 26,785 KRW) leaves room in how you read the outcome.
Key figures of Sung Kwang Bend Co.Ltd
How large is the market capitalisation of Sung Kwang Bend Co.Ltd (014620)?
The market capitalisation of Sung Kwang Bend Co.Ltd is 568B KRW (≈ $416M). 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 Sung Kwang Bend Co.Ltd (014620)?
The price-to-sales ratio of Sung Kwang Bend Co.Ltd is 2.30 (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 Sung Kwang Bend Co.Ltd (014620)?
Earnings per share at Sung Kwang Bend Co.Ltd are 1,386 KRW (price ÷ EPS = P/E 15.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sung Kwang Bend Co.Ltd (014620)?
The dividend yield of Sung Kwang Bend Co.Ltd is 0.9% (payout 14.4%). 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 Sung Kwang Bend Co.Ltd (014620)?
The net margin of Sung Kwang Bend Co.Ltd is 14.9% (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 Sung Kwang Bend Co.Ltd (014620)?
The return on equity (ROE) of Sung Kwang Bend Co.Ltd is 6.8% (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 Sung Kwang Bend Co.Ltd (014620)?
On an EBIT basis the return on assets of Sung Kwang Bend Co.Ltd is 5.2% (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 Sung Kwang Bend Co.Ltd (014620)?
The operating margin of Sung Kwang Bend Co.Ltd is 15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sung Kwang Bend Co.Ltd (014620)?
Revenue at Sung Kwang Bend Co.Ltd is growing +10.4% versus a year earlier (3y avg +0.2%). 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 Sung Kwang Bend Co.Ltd (014620)?
Earnings per share at Sung Kwang Bend Co.Ltd are growing +48.4% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Sung Kwang Bend Co.Ltd in the live analysis
One click puts Sung Kwang Bend Co.Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026