LG Uplus (032640) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of LG Uplus stock KRW 24,478, price KRW 16,760, upside +46.1%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 24 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 8,223 KRW – 17,295 KRW · fair‑value band 16,012 KRW – 33,943 KRW · the 16,760 KRW price screens below the 24,478 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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LG Uplus Corp. provides various telecommunication services in South Korea. It operates through LG U+ and LG Hello Vision segments.
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The company offers personal mobile communication, voice, and data services; and wired communication services, including international and long-distance calls, internet, and other value-added communication services.
It also provides ixi-O, an AI call service; U+ one, an integrated app for digital telecommunications; Youdok, a subscription service; U+ Internet, U+ IPTV, and U+ Smart Home for internet, IPTV, and smart home services; PQC VPN, which protects corporate critical data; Alphakey, a service that provides authentication solutions for corporate system access; cloud security pack, an integrated security service; AI Bix Call, an AI corporate phone service; AI CCTV, a security solution where AI analyzes CCTV footage and sound; U+ Connect, a smart vehicle operation management service; C-ITS, a smart mobility integrated service; AI data centers; and AI contact centers.
In addition, the company offers comprehensive cable broadcasting; MVNO and media content; broadband international circuit; customer center and telemarketing operation service cable broadcasting; and electric vehicle charging services.
Further, it engages in the building of infrastructure to provide wireless communication services. The company was formerly known as LG Telecom Ltd and changed its name to LG Uplus Corp. in July 2010. LG Uplus Corp. was incorporated in 1996 and is headquartered in Seoul, South Korea.
Stock analysis
LG Uplus (032640) currently trades at 16,760 KRW, while our model-based Fair Value estimate is 24,478 KRW, implying the stock looks roughly 32% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 28,725 KRW per share, and 17 of the 24 models we run sit above the 16,760 KRW price.
Bear case: the Dividend Discount group reads lowest at 9,258 KRW, and 7 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 16,012 KRW (bear) to 33,943 KRW (bull), the price of 16,760 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 55/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
LG Uplus reported revenue of 15.5T KRW in FY2025 versus 13.9T KRW in FY2021, a compound +2.8%/yr. Reported net income was 524B KRW in FY2025, compounding −7.4%/yr from FY2021.
Key figures
Market cap 7.3T KRW (≈ $5.4B) Mid · P/S ratio 0.41 · Dividend yield 4.1% · Net margin 3.5% · Return on equity 5.7% · Return on assets (EBIT) 4.9% (5-year average) · Operating margin 9.3% · Revenue (TTM) 15.4T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 46%, 032640 screens richer than that median.
Fair Value models
Bear16,012 KRWFair Value 24,478 KRWBull33,943 KRW
Price 16,760 KRW · Upside +46.1%
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.
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.62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.7%
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.
+3.6%
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.
+2.9%
Start year 2020 (pandemic). Over 10 years: +3.7% a year
Revenue growth 15 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.
+4.1%
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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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.4%
Dividend (yield on the price)4.1%
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.7% → 6%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−0.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘ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.
+2.2%
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 −2.9% a year for the price and +0.1% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Telecom Services · 234 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+46.1% · Above median
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets2.7% · Below median
Net margin (12 months)3.5% · Below median
Operating margin (12 months)9.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−3.9% · Bottom 25%
Dividend yield (12 months)4.1% · Above median
Balance sheet
Debt / equity0.50× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
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). "LG Uplus Fair Value". https://www.fairvalue-calculator.com/stock/032640
Frequently asked questions
Is LG Uplus (032640) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 24,478 KRW versus a price of 16,760 KRW, about +46% upside (undervalued).
What is the fair value of 032640?
Our model-based fair value for LG Uplus is 24,478 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 16,760 KRW.
What is the quality score of 032640?
LG Uplus has a Quality Score of 55/100. 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 LG Uplus (032640)?
Our model-based price target is the fair value of 24,478 KRW (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 16,012 KRW, optimistic scenario 33,943 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the LG Uplus stock forecast for 2026?
Our models put fair value at 24,478 KRW, about +46% upside versus a price of 16,760 KRW (undervalued). Cautious scenario 16,012 KRW, optimistic scenario 33,943 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of LG Uplus (032640)?
LG Uplus reported trailing-twelve-month revenue of about 15.4T KRW (latest available figure, as of Nov 7, 2026).
Does LG Uplus pay a dividend?
LG Uplus currently shows a dividend yield of 4.06% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of LG Uplus (032640) and when is the ex-dividend date?
LG Uplus pays a dividend of 680.00 KRW per share a year, a dividend yield of 4.1%. The last ex-dividend date was Aug 12, 2026. A dividend has been paid every year since 2013. The payout ratio is 55.1% of earnings. Free cash flow covers the dividend 3.40 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 LG Uplus (032640)?
For today's price to be fair in a discounted-cash-flow model, LG Uplus would have to grow free cash flow by -0.9 % 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 +2.9 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 032640 use?
Our models discount LG Uplus at 8.9 %: a base by market capitalisation (mid), damped by beta 0.28, 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 LG Uplus that is -0.9 % 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 LG Uplus (032640) delivered so far?
Over the past 5 years revenue at LG Uplus grew +2.9 % a year. The price currently implies free-cash-flow growth of -0.9 % 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 LG Uplus (032640) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into LG Uplus (-0.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LG Uplus (032640)?
The free-cash-flow yield on the price is 13.45 %: that much free cash flow LG Uplus 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 LG Uplus (032640)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LG Uplus it is 24,478 KRW per share (as of Nov 7, 2026), against a price of 16,760 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is LG Uplus stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 032640 trades below its calculated fair value: price 16,760 KRW, fair value 24,478 KRW, a gap of about +46% (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 032640?
No. The price is what the market pays today (16,760 KRW); the fair value is what the company's own numbers justify (24,478 KRW). For LG Uplus the two are 7,718 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is LG Uplus worth?
The market values LG Uplus at about 7.3T KRW (market capitalisation, as of Nov 7, 2026). Per share that is 16,760 KRW; our models calculate a fair value of 24,478 KRW per share.
What do the bullish and bearish scenarios say about 032640?
Our models span a range for LG Uplus: cautious scenario 16,012 KRW, base 24,478 KRW, optimistic 33,943 KRW per share (as of Nov 7, 2026, price 16,760 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 032640?
The PEG ratio of LG Uplus is 0.68 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of LG Uplus (032640)?
Balance-sheet figures for LG Uplus (as of Nov 7, 2026): return on equity 5.7%, debt of 0.50 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 032640 from its 52-week high?
LG Uplus trades at 16,760 KRW, about 3% below its 52-week high of 17,295 KRW and 23% above the low of 13,640 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 24,478 KRW is for.
Which stocks are comparable to LG Uplus?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 LG Uplus stock attractive at the current price?
The data as of Nov 7, 2026: price 16,760 KRW, calculated fair value 24,478 KRW (+46%), Quality Score 55/100, from 24 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 032640 calculated?
We run LG Uplus through 24 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 24,478 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 13.3% above its aggregate fair value. LG Uplus currently trades 32% 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 LG Uplus (032640)?
The closing price on Nov 6, 2026 was 16,760 KRW. Our model-based fair value is 24,478 KRW, about +46% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LG Uplus right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (16,012 KRW to 33,943 KRW) leaves room in how you read the outcome.
Key figures of LG Uplus
How large is the market capitalisation of LG Uplus (032640)?
The market capitalisation of LG Uplus is 7.3T KRW (≈ $5.4B). 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 LG Uplus (032640)?
The price-to-sales ratio of LG Uplus is 0.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of LG Uplus (032640)?
The dividend yield of LG Uplus is 4.1%. 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 LG Uplus (032640)?
The net margin of LG Uplus is 3.5% (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 LG Uplus (032640)?
The return on equity (ROE) of LG Uplus is 5.7% (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 LG Uplus (032640)?
On an EBIT basis the return on assets of LG Uplus 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 LG Uplus (032640)?
The operating margin of LG Uplus is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LG Uplus (032640)?
Revenue at LG Uplus is growing −3.9% versus a year earlier (3y avg +3.6%). 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 LG Uplus (032640)?
Earnings per share at LG Uplus are growing +1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does LG Uplus (032640) carry?
The net debt of LG Uplus is 5.1T KRW (fiscal year 2025, ≈ 5.2 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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Nov 7, 2026