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E1 Corporation (017940) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of E1 Corporation stock KRW 201,175, price KRW 82,600, upside +143.6%, quality 39 out of 100. Rating: strongly undervalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.

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Energy KR · ISIN KR7017940008

EC E1 Corporation logo Thin data Nov 11, 2026

E1 Corporation

017940 · KO
Cheap, value-trap risk

The stock costs 59% less than our calculation considers fair.

Fair value 201,175 KRW · Strongly undervalued
Generates free cash flow
5.5% dividend yield · Well covered
Costs just 2.7 times its yearly profit.
Mixed Growth (revenue 5y +21.5 %/yr in KRW)
Thin margins · 1.3% net margin (TTM)
Moderate debt
Mixed vs. peers (7/14)
Quality 39/100
Narrow moat 30/100
Thin data
⟳ Cyclical
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What runs behind every stock

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

Price vs Fair Value

108,400 KRW 32,473 KRW Fair Value 201,175 KRW Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range 32,473 KRW – 108,400 KRW · fair‑value band 139,234 KRW – 241,781 KRW · the 82,600 KRW price screens below the 201,175 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 11, 2026.

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Company profile

E1 Corporation imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea. The company transports LPG from oil-producing countries; and stores and manages LPG at Yeosu, Daesan, and Incheon terminals.

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It is also involved in the solar and wind power business; hydrogen charging business; electric vehicle charging business; investment activities; and digital technology and data-based business.

In addition, the company offers Orange Cards; and Orange Plus, a charging station brand that combines LPG, hydrogen, and electric charging stations with vehicle-related convenience services. It also exports its products. E1 Corporation was founded in 1984 and is headquartered in Seoul, South Korea.

Stock analysis

E1 Corporation (017940) currently trades at 82,600 KRW, while our model-based Fair Value estimate is 201,175 KRW, implying the stock looks roughly 59% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 677,463 KRW per share, and 23 of the 23 models we run sit above the 82,600 KRW price.

Bear case: the Asset-Based group reads lowest at 193,639 KRW, and 0 of the 23 models stay below the price. Data coverage for this calculation is low.

Scenario range: 139,234 KRW (bear) to 241,781 KRW (bull), the price of 82,600 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 39/100 (below-average quality), in the Energy sector.

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

E1 Corporation reported revenue of 10.4T KRW in FY2025 versus 5.2T KRW in FY2021, a compound +19.2%/yr. Reported net income was 105B KRW in FY2025, compounding −5.6%/yr from FY2021.

Key figures

Market cap 478B KRW (≈ $359M) Small · P/E ratio 2.7 · P/S ratio 0.08 · EPS (TTM) 30,029 KRW · Dividend yield 5.5% · Net margin 1.3% · Return on equity 8.0% · Return on assets (EBIT) 2.5% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).

What moves the price

The share trades about 24% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −48% fair-value upside, at 144%, 017940 screens cheaper than that median.

Fair Value models

Bear 139,234 KRW Fair Value 201,175 KRW Bull 241,781 KRW
Price 82,600 KRW · Upside +143.6%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (22,059 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.
Best data coverage
FCF DCF 452,917 KRW 735,478 KRW 1,116,377 KRW 79
Growth DCF 463,117 KRW 715,542 KRW 1,037,648 KRW 78
Residual Income 261,036 KRW 260,500 KRW 273,642 KRW 76
All 23 models by family
DCF Models
FCF DCF 452,917 KRW 735,478 KRW 1,116,377 KRW 79
Owner Earnings 411,126 KRW 675,599 KRW 1,032,115 KRW 75
5Y Revenue Exit 356,590 KRW 632,517 KRW 974,270 KRW 71
5Y EBITDA Exit 269,110 KRW 472,974 KRW 699,888 KRW 74
5Y P/E Exit 155,449 KRW 265,685 KRW 373,453 KRW 70
10Y Revenue Exit 374,524 KRW 622,933 KRW 936,705 KRW 66
10Y EBITDA Exit 336,150 KRW 519,366 KRW 742,856 KRW 68
10Y P/E Exit 268,120 KRW 384,806 KRW 512,233 KRW 64
Earnings-Based
Graham-Dodd 123,245 KRW 337,063 KRW 442,116 KRW 65
Lynch FV 113,253 KRW 161,790 KRW 210,327 KRW 61
PEG = 1.0 113,253 KRW 161,790 KRW 210,327 KRW 57
EPV 216,990 KRW 278,390 KRW 330,465 KRW 74
Dividend Discount
Gordon GGM 145,106 KRW 274,966 KRW 396,084 KRW 67
DDM Multi-Stage 145,106 KRW 218,805 KRW 290,111 KRW 67
Multiples
P/E Multiple 190,305 KRW 253,740 KRW 317,175 KRW 63
P/S Multiple 231,085 KRW 308,113 KRW 385,141 KRW 58
P/B Multiple 62,426 KRW 83,235 KRW 104,043 KRW 55
Asset-Based
NCAV (Graham) 144,507 KRW 193,639 KRW 289,014 KRW 54
Growth DCF
Growth DCF 463,117 KRW 715,542 KRW 1,037,648 KRW 78
Rev-Margin DCF 356,590 KRW 639,383 KRW 955,444 KRW 71
Economic Profit
Residual Income 261,036 KRW 260,500 KRW 273,642 KRW 76
ROIC Compounder 216,990 KRW 278,390 KRW 330,465 KRW 72
Growth Earnings
Growth-Adj P/E 157,432 KRW 224,903 KRW 292,374 KRW 67

The fair value above starts from this blend and is adjusted for a cyclical peak year.

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Quality Score breakdown

Overall quality 39/100

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

Profitability 24
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 53
Do the profits arrive as real cash?
Financial strength 6
Debt, balance sheet and risk of trouble
Investment 47
Does it invest with discipline instead of growing at any price?
Low Volatility 68
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 41
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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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. 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.1%
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.
+9.2%
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.
+21.5%
Start year 2020 (pandemic). Over 10 years: +8.5% a year
Revenue growth 18 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.
+7.5%
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.
+7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.9%
Dividend (yield on the price)5.5%
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% → 3%

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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.Oil & Gas Refining & Marketing · 118 stocks

Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside +143.6% · Top 25%
Profitability
Return on equity (12 months) 8.0% · Below median
Return on assets 0.7% · Below median
Net margin (12 months) 1.3% · Below median
Operating margin (12 months) 2.6% · Below median
Growth and dividend
Revenue growth (quarter YoY) 94.3% · Top 25%
Dividend yield (12 months) 5.5% · Above median
Balance sheet
Debt / equity 0.69× · Above median

Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper

P/E (12 months) 2.7× · Cheapest 25%
P/B 0.24× · Cheapest 25%
P/S (12 months) 0.04× · Cheapest 25%
Price / free cash flow (fiscal year) 1.8× · Cheapest 25%
EV/EBITDA 13.5× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 32
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)32 · sector 48
HEALTH (low debt)65 · sector 85
DIVIDEND (yield)100 · sector 65

Context: sector, industry, market

Values & ESG

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

Oil & gas

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Bharat Petroleum Corporation BPCL ₹315.25 ₹434.58 +38% vs 017940
SK Innovation Co 096770 110,600 KRW 117,049 KRW +6% vs 017940
Türkiye Petrol Rafinerileri A.S., TUPRS 348.50 TRY 244.26 TRY −30% vs 017940
Reliance Industries Limited RELIANCE ₹1,335 ₹865.31 −35% vs 017940
HF Sinclair Corporation DINO $101.73 $52.92 −48% vs 017940
Marathon Petroleum Corporation MPC $402.84 $172.57 −57% vs 017940
Neste Oyj NESTE €27.36 €11.70 −57% vs 017940
Formosa Petrochemical Corporation 6505 91.20 TWD 35.53 TWD −61% vs 017940
Valero Energy Corporation VLO $363.71 $131.30 −64% vs 017940
Phillips 66 PSX $258.68 $90.80 −65% vs 017940

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E1 Corporation: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "E1 Corporation Fair Value". https://www.fairvalue-calculator.com/stock/017940

Frequently asked questions

Is E1 Corporation (017940) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of 201,175 KRW versus a price of 82,600 KRW, about +144% upside (undervalued).
What is the fair value of 017940?
Our model-based fair value for E1 Corporation is 201,175 KRW (as of Nov 11, 2026), built from audited fundamentals. The current price: 82,600 KRW.
What is the quality score of 017940?
E1 Corporation has a Quality Score of 39/100. 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 E1 Corporation (017940)?
Our model-based price target is the fair value of 201,175 KRW (as of Nov 11, 2026) from 23 valuation models. Cautious scenario 139,234 KRW, optimistic scenario 241,781 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the E1 Corporation stock forecast for 2026?
Our models put fair value at 201,175 KRW, about +144% upside versus a price of 82,600 KRW (undervalued). Cautious scenario 139,234 KRW, optimistic scenario 241,781 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of E1 Corporation (017940)?
E1 Corporation reported trailing-twelve-month revenue of about 13.3T KRW (latest available figure, as of Nov 11, 2026).
Does E1 Corporation pay a dividend?
E1 Corporation currently shows a dividend yield of 5.51% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of E1 Corporation (017940) and when is the ex-dividend date?
E1 Corporation pays a dividend of 4,550 KRW per share a year, a dividend yield of 5.5%. The last ex-dividend date was Jul 30, 2026. A dividend has been paid every year since at least 1999. The payout ratio is 15.2% of earnings. Free cash flow covers the dividend 10.32 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of E1 Corporation (017940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E1 Corporation it is 201,175 KRW per share (as of Nov 11, 2026), against a price of 82,600 KRW. It is the blended result of 23 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is E1 Corporation stock overvalued or undervalued in 2026?
As of Nov 11, 2026, 017940 trades below its calculated fair value: price 82,600 KRW, fair value 201,175 KRW, a gap of about +144% (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 017940?
No. The price is what the market pays today (82,600 KRW); the fair value is what the company's own numbers justify (201,175 KRW). For E1 Corporation the two are 118,575 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is E1 Corporation worth?
The market values E1 Corporation at about 478B KRW (market capitalisation, as of Nov 11, 2026). Per share that is 82,600 KRW; our models calculate a fair value of 201,175 KRW per share.
What do the bullish and bearish scenarios say about 017940?
Our models span a range for E1 Corporation: cautious scenario 139,234 KRW, base 201,175 KRW, optimistic 241,781 KRW per share (as of Nov 11, 2026, price 82,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 017940?
E1 Corporation trades at a price-to-earnings ratio of 2.7 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 201,175 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 4.0. Other multiples: P/B 0.2, P/S 0.0, EV/EBITDA 13.5.
How solid is the balance sheet of E1 Corporation (017940)?
Balance-sheet figures for E1 Corporation (as of Nov 11, 2026): return on equity 8.0%, debt of 0.69 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 017940 from its 52-week high?
E1 Corporation trades at 82,600 KRW, about 24% below its 52-week high of 108,400 KRW and 9% above the low of 75,678 KRW (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of 201,175 KRW is for.
Which stocks are comparable to E1 Corporation?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Phillips 66, Marathon Petroleum Corporation, 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 E1 Corporation stock attractive at the current price?
The data as of Nov 11, 2026: price 82,600 KRW, calculated fair value 201,175 KRW (+144%), Quality Score 39/100, from 23 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 017940 calculated?
We run E1 Corporation through 23 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 201,175 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 14.0% above its aggregate fair value. E1 Corporation currently trades 59% 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 E1 Corporation (017940)?
The closing price on Nov 11, 2026 was 82,600 KRW. Our model-based fair value is 201,175 KRW, about +144% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E1 Corporation right now?
The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (139,234 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 E1 Corporation

How large is the market capitalisation of E1 Corporation (017940)?
The market capitalisation of E1 Corporation is 478B KRW (≈ $359M). 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 E1 Corporation (017940)?
The price-to-sales ratio of E1 Corporation is 0.08 (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 E1 Corporation (017940)?
Earnings per share at E1 Corporation are 30,029 KRW (price ÷ EPS = P/E 2.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E1 Corporation (017940)?
The dividend yield of E1 Corporation is 5.5% (payout 15.2%). 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 E1 Corporation (017940)?
The net margin of E1 Corporation is 1.3% (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 E1 Corporation (017940)?
The return on equity (ROE) of E1 Corporation is 8.0% (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 E1 Corporation (017940)?
On an EBIT basis the return on assets of E1 Corporation is 2.5% (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 E1 Corporation (017940)?
The operating margin of E1 Corporation is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E1 Corporation (017940)?
Revenue at E1 Corporation is growing +94.3% versus a year earlier (3y avg +9.2%). 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 E1 Corporation (017940)?
Earnings per share at E1 Corporation are growing +317% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does E1 Corporation (017940) generate?
The free cash flow of E1 Corporation is 271B 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 E1 Corporation (017940) carry?
The net debt of E1 Corporation is 6.7T KRW (fiscal year 2025, ≈ 24.7 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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