SFA Engineering Corporation (056190) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SFA Engineering Corporation stock KRW 46,836, price KRW 24,100, upside +94.3%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range 16,761 KRW – 39,677 KRW · fair‑value band 32,206 KRW – 62,476 KRW · the 24,100 KRW price screens below the 46,836 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 5, 2026.
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SFA Engineering Corporation manufactures and sells display equipment, logistics systems, secondary battery, semiconductor equipment, material handling, and special business equipment in South Korea and internationally.
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The company offers smart factory, that includes NEO AI solution and NEO platform solution; semiconductor equipment, such as clean logistics system and test equipment, as well as N2 stocker, OHT, AGV, inter-layer high-speed lifter, clean module conveyor, and application test; and module equipment; and front-end equipment.
It also provides special business that includes aerospace and nuclear fusion; secondary battery, such as logistics system, process and precision equipment, and inspect and measure equipment; consulting, design, simulation, production, installation, test-operation, and after-sales services; distribution centers, automated warehouse system, and factory automated system.
The company was founded in 1998 and is headquartered in Hwaseong-si, South Korea.
Stock analysis
SFA Engineering Corporation (056190) currently trades at 24,100 KRW, while our model-based Fair Value estimate is 46,836 KRW, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 48,059 KRW per share, and 18 of the 26 models we run sit above the 24,100 KRW price.
Bear case: the Asset-Based group reads lowest at 15,361 KRW, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 32,206 KRW (bear) to 62,476 KRW (bull), the price of 24,100 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 59/100 (solid quality), in the Industrials sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
SFA Engineering Corporation reported revenue of 1.6T KRW in FY2025 versus 1.6T KRW in FY2021, a compound +1.0%/yr. Reported net income was 55.1B KRW in FY2025, compounding −17.1%/yr from FY2021.
Key figures
Market cap 683B KRW (≈ $505M) Small · P/E ratio 11.2 · P/S ratio 0.44 · EPS (TTM) 2,200 KRW · Dividend yield 3.9% · Net margin 4.0% · Return on equity 4.7% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 94%, 056190 screens cheaper than that median.
Fair Value models
Bear32,206 KRWFair Value 46,836 KRWBull62,476 KRW
Price 24,100 KRW · Upside +94.3%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1,085 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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−20.3%
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.
−1.1%
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.
+1.0%
Start year 2020 (pandemic). Over 10 years: +12.0% a year
Revenue growth 20 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%
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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.
−6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.9%
Dividend (yield on the price)3.9%
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.−9.9% vs −1.4%, slowing
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.11% → 5%
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).
+0.7%
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.
+14.1%
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 −1.4% a year for the price and +11.8% for the forecasts.
Compare SFA Engineering Corporation with another stock
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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+94.3% · Top 25%
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets2.4% · Below median
Net margin (12 months)4.0% · Below median
Operating margin (12 months)7.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−10.1% · Bottom 25%
Dividend yield (12 months)3.9% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is SFA Engineering Corporation (056190) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 46,836 KRW versus a price of 24,100 KRW, about +94% upside (undervalued).
What is the fair value of 056190?
Our model-based fair value for SFA Engineering Corporation is 46,836 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 24,100 KRW.
What is the quality score of 056190?
SFA Engineering Corporation has a Quality Score of 59/100. 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 SFA Engineering Corporation (056190)?
Our model-based price target is the fair value of 46,836 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 32,206 KRW, optimistic scenario 62,476 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SFA Engineering Corporation stock forecast for 2026?
Our models put fair value at 46,836 KRW, about +94% upside versus a price of 24,100 KRW (undervalued). Cautious scenario 32,206 KRW, optimistic scenario 62,476 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SFA Engineering Corporation (056190)?
SFA Engineering Corporation reported trailing-twelve-month revenue of about 1.5T KRW (latest available figure, as of Nov 5, 2026).
Does SFA Engineering Corporation pay a dividend?
SFA Engineering Corporation currently shows a dividend yield of 3.88% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of SFA Engineering Corporation (056190) and when is the ex-dividend date?
SFA Engineering Corporation pays a dividend of 935.00 KRW per share a year, a dividend yield of 3.9%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 2001. The payout ratio is 42.5% of earnings. Free cash flow covers the dividend 2.18 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 SFA Engineering Corporation (056190)?
For today's price to be fair in a discounted-cash-flow model, SFA Engineering Corporation would have to grow free cash flow by +0.7 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 056190 use?
Our models discount SFA Engineering Corporation at 11.7 %: a base by market capitalisation (small), damped by beta 1.04, 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 SFA Engineering Corporation that is +0.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has SFA Engineering Corporation (056190) delivered so far?
Over the past 5 years revenue at SFA Engineering Corporation grew +1.0 % a year. The price currently implies free-cash-flow growth of +0.7 % 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 SFA Engineering Corporation (056190) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into SFA Engineering Corporation (+0.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SFA Engineering Corporation (056190)?
The free-cash-flow yield on the price is 8.32 %: that much free cash flow SFA Engineering Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SFA Engineering Corporation (056190)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SFA Engineering Corporation it is 46,836 KRW per share (as of Nov 5, 2026), against a price of 24,100 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SFA Engineering Corporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 056190 trades below its calculated fair value: price 24,100 KRW, fair value 46,836 KRW, a gap of about +94% (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 056190?
No. The price is what the market pays today (24,100 KRW); the fair value is what the company's own numbers justify (46,836 KRW). For SFA Engineering Corporation the two are 22,736 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SFA Engineering Corporation worth?
The market values SFA Engineering Corporation at about 683B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 24,100 KRW; our models calculate a fair value of 46,836 KRW per share.
What do the bullish and bearish scenarios say about 056190?
Our models span a range for SFA Engineering Corporation: cautious scenario 32,206 KRW, base 46,836 KRW, optimistic 62,476 KRW per share (as of Nov 5, 2026, price 24,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 056190?
SFA Engineering Corporation trades at a price-to-earnings ratio of 11.2 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 46,836 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 11.9. Other multiples: P/B 0.8, P/S 0.4, EV/EBITDA 2.9.
How solid is the balance sheet of SFA Engineering Corporation (056190)?
Balance-sheet figures for SFA Engineering Corporation (as of Nov 5, 2026): return on equity 4.7%, debt of 0.11 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 056190 from its 52-week high?
SFA Engineering Corporation trades at 24,100 KRW, about 31% below its 52-week high of 35,034 KRW and 34% above the low of 17,930 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 46,836 KRW is for.
Which stocks are comparable to SFA Engineering Corporation?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 SFA Engineering Corporation stock attractive at the current price?
The data as of Nov 5, 2026: price 24,100 KRW, calculated fair value 46,836 KRW (+94%), Quality Score 59/100, from 26 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 056190 calculated?
We run SFA Engineering Corporation through 26 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 46,836 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. SFA Engineering Corporation currently trades 49% 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 SFA Engineering Corporation (056190)?
The closing price on Nov 6, 2026 was 24,100 KRW. Our model-based fair value is 46,836 KRW, about +94% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SFA Engineering Corporation right now?
The price is below even our cautious bear case (32,206 KRW). The market is more pessimistic than our downside scenario. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (32,206 KRW to 62,476 KRW) leaves room in how you read the outcome.
Key figures of SFA Engineering Corporation
How large is the market capitalisation of SFA Engineering Corporation (056190)?
The market capitalisation of SFA Engineering Corporation is 683B KRW (≈ $505M). 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 SFA Engineering Corporation (056190)?
The price-to-sales ratio of SFA Engineering Corporation is 0.44 (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 SFA Engineering Corporation (056190)?
Earnings per share at SFA Engineering Corporation are 2,200 KRW (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SFA Engineering Corporation (056190)?
The dividend yield of SFA Engineering Corporation is 3.9% (payout 42.5%). 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 SFA Engineering Corporation (056190)?
The net margin of SFA Engineering Corporation is 4.0% (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 SFA Engineering Corporation (056190)?
The return on equity (ROE) of SFA Engineering Corporation is 4.7% (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 SFA Engineering Corporation (056190)?
On an EBIT basis the return on assets of SFA Engineering Corporation is 4.6% (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 SFA Engineering Corporation (056190)?
The operating margin of SFA Engineering Corporation is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SFA Engineering Corporation (056190)?
Revenue at SFA Engineering Corporation is growing −10.1% versus a year earlier (3y avg −1.1%). 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 SFA Engineering Corporation (056190)?
Earnings per share at SFA Engineering Corporation are growing +132% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SFA Engineering Corporation (056190) carry?
The net debt of SFA Engineering Corporation is 111B KRW (fiscal year 2023, ≈ 2.0 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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Broad data
Nov 5, 2026