Seoyon Topmetal Co. Ltd (019770) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Seoyon Topmetal Co. Ltd stock KRW 6,152, price KRW 3,340, upside +84.2%, quality 57 out of 100. Rating: strongly undervalued. 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 3, 2026.
How to read this chart
60‑month range 2,905 KRW – 10,474 KRW · fair‑value band 4,347 KRW – 7,771 KRW · the 3,340 KRW price screens below the 6,152 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 3, 2026.
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Seoyon Topmetal Co., Ltd. produces and sells automobile body parts stamping tools, injection molds for interior parts, and excavator cabins in South Korea. The company offers various dies, including side outer, fender, door, hood, tail gate, roof, and trunk lid.
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It also offers under cover, bumper cover, lamp housing, cowl top cover, sill side, wheel guard, and other equipment. The company was formerly known as Top Metal Works Co., Ltd. Seoyon Topmetal Co., Ltd. was founded in 1987 and is headquartered in Incheon, South Korea.
Stock analysis
Seoyon Topmetal Co. Ltd (019770) currently trades at 3,340 KRW, while our model-based Fair Value estimate is 6,152 KRW, implying the stock looks roughly 46% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 14,616 KRW per share, and 23 of the 25 models we run sit above the 3,340 KRW price.
Bear case: the Dividend Discount group reads lowest at 968.81 KRW, and 2 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4,347 KRW (bear) to 7,771 KRW (bull), the price of 3,340 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 57/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Seoyon Topmetal Co. Ltd reported revenue of 207B KRW in FY2025 versus 154B KRW in FY2021, a compound +7.8%/yr. Reported net income was 9.3B KRW in FY2025, compounding +23.5%/yr from FY2021.
Key figures
Market cap 38.9B KRW (≈ $28.8M) Micro · P/E ratio 4.2 · P/S ratio 0.21 · EPS (TTM) 805.14 KRW · Dividend yield 1.9% · Net margin 5.1% · Return on equity 10.5% · Return on assets (EBIT) 4.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 84%, 019770 screens cheaper than that median.
Fair Value models
Bear4,347 KRWFair Value 6,152 KRWBull7,771 KRW
Price 3,340 KRW · Upside +84.2%
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 (634.70 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 DCF8,140 KRW11,016 KRW15,013 KRW81
Growth DCF8,277 KRW10,886 KRW14,330 KRW80
Owner Earnings7,021 KRW9,398 KRW12,700 KRW77
All 25 models by family
DCF Models
FCF DCF8,140 KRW11,016 KRW15,013 KRW81
Owner Earnings7,021 KRW9,398 KRW12,700 KRW77
5Y Revenue Exit9,588 KRW14,255 KRW20,098 KRW73
5Y EBITDA Exit10,066 KRW15,121 KRW20,852 KRW75
5Y P/E Exit11,350 KRW17,441 KRW23,630 KRW71
10Y Revenue Exit8,706 KRW12,715 KRW17,854 KRW67
10Y EBITDA Exit9,258 KRW13,290 KRW18,397 KRW69
10Y P/E Exit10,045 KRW14,832 KRW20,399 KRW64
Earnings-Based
Graham-Dodd5,428 KRW14,110 KRW18,397 KRW65
PEG = 1.02,676 KRW3,823 KRW4,970 KRW57
EPV9,997 KRW11,298 KRW12,418 KRW74
Dividend Discount
Gordon GGM567.06 KRW1,083 KRW1,690 KRW66
DDM Multi-Stage567.06 KRW854.25 KRW1,148 KRW66
Multiples
P/E Multiple13,170 KRW17,560 KRW21,950 KRW63
P/S Multiple10,177 KRW13,569 KRW16,961 KRW58
P/B Multiple3,710 KRW4,947 KRW6,183 KRW55
EV/EBIT12,880 KRW17,481 KRW22,082 KRW66
EV/EBITDA9,915 KRW13,528 KRW17,140 KRW67
EV/Revenue8,381 KRW12,368 KRW16,356 KRW53
Asset-Based
NCAV (Graham)2,788 KRW4,224 KRW5,280 KRW54
Growth DCF
Growth DCF8,277 KRW10,886 KRW14,330 KRW80
Rev-Margin DCF9,588 KRW14,274 KRW19,398 KRW73
Economic Profit
Residual Income7,375 KRW8,002 KRW9,377 KRW76
ROIC Compounder10,218 KRW12,142 KRW14,346 KRW72
Growth Earnings
Growth-Adj P/E10,231 KRW14,616 KRW19,001 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.5%
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.
+8.0%
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.
+7.9%
Start year 2020 (pandemic). Over 10 years: +2.4% a year
Revenue growth 14 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.
+4.2%
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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.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.6%
Dividend (yield on the price)1.9%
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.5% → 6%
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).
−12.0%
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 −13.8% a year for the price.
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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.Auto Parts · 653 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+84.2% · Top 25%
Profitability
Return on equity (12 months)10.5% · Above median
Return on assets5.1% · Above median
Net margin (12 months)5.1% · Above median
Operating margin (12 months)1.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)49.6% · Top 25%
Dividend yield (12 months)1.9% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Is Seoyon Topmetal Co. Ltd (019770) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 6,152 KRW versus a price of 3,340 KRW, about +84% upside (undervalued).
What is the fair value of 019770?
Our model-based fair value for Seoyon Topmetal Co. Ltd is 6,152 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 3,340 KRW.
What is the quality score of 019770?
Seoyon Topmetal Co. Ltd has a Quality Score of 57/100. 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 Seoyon Topmetal Co. Ltd (019770)?
Our model-based price target is the fair value of 6,152 KRW (as of Nov 3, 2026) from 25 valuation models. Cautious scenario 4,347 KRW, optimistic scenario 7,771 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Seoyon Topmetal Co. Ltd stock forecast for 2026?
Our models put fair value at 6,152 KRW, about +84% upside versus a price of 3,340 KRW (undervalued). Cautious scenario 4,347 KRW, optimistic scenario 7,771 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Seoyon Topmetal Co. Ltd (019770)?
Seoyon Topmetal Co. Ltd reported trailing-twelve-month revenue of about 182B KRW (latest available figure, as of Nov 3, 2026).
Does Seoyon Topmetal Co. Ltd pay a dividend?
Seoyon Topmetal Co. Ltd currently shows a dividend yield of 1.95% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Seoyon Topmetal Co. Ltd (019770) and when is the ex-dividend date?
Seoyon Topmetal Co. Ltd pays a dividend of 65.00 KRW per share a year, a dividend yield of 1.9%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2018. The payout ratio is 8.1% of earnings. Free cash flow covers the dividend 9.46 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 Seoyon Topmetal Co. Ltd (019770)?
For today's price to be fair in a discounted-cash-flow model, Seoyon Topmetal Co. Ltd would have to grow free cash flow by -12.0 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 019770 use?
Our models discount Seoyon Topmetal Co. Ltd at 9.6 %: a base by market capitalisation (nano), damped by beta 0.78, 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 Seoyon Topmetal Co. Ltd that is -12.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Seoyon Topmetal Co. Ltd (019770) delivered so far?
Over the past 5 years revenue at Seoyon Topmetal Co. Ltd grew +7.9 % a year. The price currently implies free-cash-flow growth of -12.0 % 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 Seoyon Topmetal Co. Ltd (019770) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Seoyon Topmetal Co. Ltd (-12.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Seoyon Topmetal Co. Ltd (019770)?
The free-cash-flow yield on the price is 18.41 %: that much free cash flow Seoyon Topmetal Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Seoyon Topmetal Co. Ltd (019770)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seoyon Topmetal Co. Ltd it is 6,152 KRW per share (as of Nov 3, 2026), against a price of 3,340 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 Seoyon Topmetal Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 019770 trades below its calculated fair value: price 3,340 KRW, fair value 6,152 KRW, a gap of about +84% (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 019770?
No. The price is what the market pays today (3,340 KRW); the fair value is what the company's own numbers justify (6,152 KRW). For Seoyon Topmetal Co. Ltd the two are 2,812 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Seoyon Topmetal Co. Ltd worth?
The market values Seoyon Topmetal Co. Ltd at about 38.9B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 3,340 KRW; our models calculate a fair value of 6,152 KRW per share.
What do the bullish and bearish scenarios say about 019770?
Our models span a range for Seoyon Topmetal Co. Ltd: cautious scenario 4,347 KRW, base 6,152 KRW, optimistic 7,771 KRW per share (as of Nov 3, 2026, price 3,340 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 019770?
Seoyon Topmetal Co. Ltd trades at a price-to-earnings ratio of 4.2 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6,152 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), reported earnings: 9.0. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 1.7.
How solid is the balance sheet of Seoyon Topmetal Co. Ltd (019770)?
Balance-sheet figures for Seoyon Topmetal Co. Ltd (as of Nov 3, 2026): return on equity 10.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 019770 from its 52-week high?
Seoyon Topmetal Co. Ltd trades at 3,340 KRW, about 22% below its 52-week high of 4,270 KRW and 15% above the low of 2,905 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6,152 KRW is for.
Which stocks are comparable to Seoyon Topmetal Co. Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Seoyon Topmetal Co. Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 3,340 KRW, calculated fair value 6,152 KRW (+84%), Quality Score 57/100, 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 019770 calculated?
We run Seoyon Topmetal 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 6,152 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. Seoyon Topmetal Co. Ltd currently trades 46% 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 Seoyon Topmetal Co. Ltd (019770)?
The closing price on Nov 9, 2026 was 3,340 KRW. Our model-based fair value is 6,152 KRW, about +84% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seoyon Topmetal Co. Ltd right now?
The price is below even our cautious bear case (4,347 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. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Seoyon Topmetal Co. Ltd
How large is the market capitalisation of Seoyon Topmetal Co. Ltd (019770)?
The market capitalisation of Seoyon Topmetal Co. Ltd is 38.9B KRW (≈ $28.8M). 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 Seoyon Topmetal Co. Ltd (019770)?
The price-to-sales ratio of Seoyon Topmetal Co. Ltd is 0.21 (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 Seoyon Topmetal Co. Ltd (019770)?
Earnings per share at Seoyon Topmetal Co. Ltd are 805.14 KRW (price ÷ EPS = P/E 4.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seoyon Topmetal Co. Ltd (019770)?
The dividend yield of Seoyon Topmetal Co. Ltd is 1.9% (payout 8.1%). 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 Seoyon Topmetal Co. Ltd (019770)?
The net margin of Seoyon Topmetal Co. Ltd is 5.1% (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 Seoyon Topmetal Co. Ltd (019770)?
The return on equity (ROE) of Seoyon Topmetal Co. Ltd is 10.5% (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 Seoyon Topmetal Co. Ltd (019770)?
On an EBIT basis the return on assets of Seoyon Topmetal Co. Ltd is 4.9% (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 Seoyon Topmetal Co. Ltd (019770)?
The operating margin of Seoyon Topmetal Co. Ltd is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seoyon Topmetal Co. Ltd (019770)?
Revenue at Seoyon Topmetal Co. Ltd is growing +49.6% versus a year earlier (3y avg +8.0%). 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 Seoyon Topmetal Co. Ltd (019770)?
Earnings per share at Seoyon Topmetal Co. Ltd are growing +86.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Seoyon Topmetal Co. Ltd (019770) carry?
The net debt of Seoyon Topmetal Co. Ltd is 10.8B KRW (fiscal year 2024, ≈ 1.5 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 3, 2026