Korea District Heating Corp (071320) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Korea District Heating Corp stock KRW 211,500, price KRW 70,500, upside +200.0%, quality 55 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 19,881 KRW – 104,728 KRW · fair‑value band 106,600 KRW – 355,209 KRW · the 70,500 KRW price screens below the 211,500 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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Korea District Heating Corp. engages in the district cooling and heating businesses in South Korea. It is also involved in the community energy system and electricity businesses. The company operates combined heat and power plants.
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In addition, it engages in the supply of new and renewable energy, such as photovoltaic, wind power, waste energy, woodchip, hydrogen energy and fuel cell, and others. It also offers public development assistance projects and loan program projects in various developing countries.
The company was incorporated in 1985 and is headquartered in Seongnam-si, South Korea.
Stock analysis
Korea District Heating Corp (071320) currently trades at 70,500 KRW, while our model-based Fair Value estimate is 211,500 KRW, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 435,788 KRW per share, and 25 of the 26 models we run sit above the 70,500 KRW price.
Bear case: the Dividend Discount group reads lowest at 75,205 KRW, and 1 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 106,600 KRW (bear) to 355,209 KRW (bull), the price of 70,500 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 55/100 (solid quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Korea District Heating Corp reported revenue of 4.0T KRW in FY2025 versus 2.5T KRW in FY2021, a compound +12.0%/yr. Reported net income was 339B KRW in FY2025, compounding +99.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 816B KRW (≈ $604M) Small · P/E ratio 2.4 · P/S ratio 0.21 · EPS (TTM) 29,618 KRW · Dividend yield 8.7% · Net margin 9.1% · Return on equity 14.5% · Return on assets (EBIT) 1.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at 200%, 071320 screens cheaper than that median.
Fair Value models
Bear106,600 KRWFair Value 211,500 KRWBull355,209 KRW
Price 70,500 KRW · Upside +200.0%
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 (20,118 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.0%
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.
−1.4%
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.
+13.8%
Start year 2020 (pandemic)
Revenue growth 16 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%
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What shareholders gained per year (last 5 years), in KRW (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+73.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+65.2%
Dividend (yield on the price)8.7%
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.6% → 13%
2025 sits 66% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+6.0%
Yearly growth needed for the next five years to justify today's price.
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 +3.8% a year for the price.
Compare Korea District Heating Corp 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.Utilities - Renewable · 196 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)14.5% · Top 25%
Return on assets4.1% · Top 25%
Net margin (12 months)9.1% · Above median
Operating margin (12 months)5.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)4.8% · Above median
Dividend yield (12 months)8.7% · Top 25%
Balance sheet
Debt / equity1.26× · Above median
Valuation Multiplesvs Utilities - Renewable 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). "Korea District Heating Corp Fair Value". https://www.fairvalue-calculator.com/stock/071320
Frequently asked questions
Is Korea District Heating Corp (071320) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 211,500 KRW versus a price of 70,500 KRW, about +200% upside (undervalued).
What is the fair value of 071320?
Our model-based fair value for Korea District Heating Corp is 211,500 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 70,500 KRW.
What is the quality score of 071320?
Korea District Heating Corp 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 Korea District Heating Corp (071320)?
Our model-based price target is the fair value of 211,500 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 106,600 KRW, optimistic scenario 355,209 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea District Heating Corp stock forecast for 2026?
Our models put fair value at 211,500 KRW, about +200% upside versus a price of 70,500 KRW (undervalued). Cautious scenario 106,600 KRW, optimistic scenario 355,209 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea District Heating Corp (071320)?
Korea District Heating Corp reported trailing-twelve-month revenue of about 3.9T KRW (latest available figure, as of Nov 5, 2026).
Does Korea District Heating Corp pay a dividend?
Korea District Heating Corp currently shows a dividend yield of 8.73% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Korea District Heating Corp (071320) and when is the ex-dividend date?
Korea District Heating Corp pays a dividend of 6,157 KRW per share a year, a dividend yield of 8.7%. The last ex-dividend date was Mar 27, 2026. The payout ratio is 20.8% of earnings. Free cash flow covers the dividend 4.82 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 Korea District Heating Corp (071320)?
For today's price to be fair in a discounted-cash-flow model, Korea District Heating Corp would have to grow free cash flow by +6.0 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 071320 use?
Our models discount Korea District Heating Corp at 10.7 %: a base by market capitalisation (small), damped by beta 0.67, 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 Korea District Heating Corp that is +6.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Korea District Heating Corp (071320) delivered so far?
Over the past 5 years revenue at Korea District Heating Corp grew +13.8 % a year. The price currently implies free-cash-flow growth of +6.0 % 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 Korea District Heating Corp (071320) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Korea District Heating Corp (+6.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Korea District Heating Corp (071320)?
The free-cash-flow yield on the price is 42.08 %: that much free cash flow Korea District Heating Corp produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea District Heating Corp (071320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea District Heating Corp it is 211,500 KRW per share (as of Nov 5, 2026), against a price of 70,500 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 Korea District Heating Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 071320 trades below its calculated fair value: price 70,500 KRW, fair value 211,500 KRW, a gap of about +200% (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 071320?
No. The price is what the market pays today (70,500 KRW); the fair value is what the company's own numbers justify (211,500 KRW). For Korea District Heating Corp the two are 141,000 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea District Heating Corp worth?
The market values Korea District Heating Corp at about 816B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 70,500 KRW; our models calculate a fair value of 211,500 KRW per share.
What do the bullish and bearish scenarios say about 071320?
Our models span a range for Korea District Heating Corp: cautious scenario 106,600 KRW, base 211,500 KRW, optimistic 355,209 KRW per share (as of Nov 5, 2026, price 70,500 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 071320?
Korea District Heating Corp trades at a price-to-earnings ratio of 2.4 (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 211,500 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2013 to 2025), reported earnings: 8.7. Other multiples: P/B 0.4, P/S 0.2, EV/EBITDA 3.9.
How solid is the balance sheet of Korea District Heating Corp (071320)?
Balance-sheet figures for Korea District Heating Corp (as of Nov 5, 2026): return on equity 14.5%, debt of 1.26 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 071320 from its 52-week high?
Korea District Heating Corp trades at 70,500 KRW, about 33% below its 52-week high of 104,728 KRW and 11% above the low of 63,500 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 211,500 KRW is for.
Which stocks are comparable to Korea District Heating Corp?
From the same area (Utilities) we also value China Yangtze Power Co, Ørsted A/S, Huaneng Lancang River Hydropower Inc, VERBUND AG, 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 Korea District Heating Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 70,500 KRW, calculated fair value 211,500 KRW (+200%), Quality Score 55/100, 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 071320 calculated?
We run Korea District Heating Corp 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 211,500 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. Korea District Heating Corp currently trades 67% 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 Korea District Heating Corp (071320)?
The closing price on Nov 6, 2026 was 70,500 KRW. Our model-based fair value is 211,500 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea District Heating Corp right now?
The price is below even our cautious bear case (106,600 KRW). The market is more pessimistic than our downside scenario. The model range is unusually wide (106,600 KRW to 355,209 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Korea District Heating Corp
How large is the market capitalisation of Korea District Heating Corp (071320)?
The market capitalisation of Korea District Heating Corp is 816B KRW (≈ $604M). 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 Korea District Heating Corp (071320)?
The price-to-sales ratio of Korea District Heating Corp 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 Korea District Heating Corp (071320)?
Earnings per share at Korea District Heating Corp are 29,618 KRW (price ÷ EPS = P/E 2.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Korea District Heating Corp (071320)?
The dividend yield of Korea District Heating Corp is 8.7% (payout 20.8%). 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 Korea District Heating Corp (071320)?
The net margin of Korea District Heating Corp is 9.1% (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 Korea District Heating Corp (071320)?
The return on equity (ROE) of Korea District Heating Corp is 14.5% (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 Korea District Heating Corp (071320)?
On an EBIT basis the return on assets of Korea District Heating Corp is 1.9% (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 Korea District Heating Corp (071320)?
The operating margin of Korea District Heating Corp is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea District Heating Corp (071320)?
Revenue at Korea District Heating Corp is growing +4.8% versus a year earlier (3y avg −1.4%). 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 Korea District Heating Corp (071320)?
Earnings per share at Korea District Heating Corp are growing −6.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korea District Heating Corp (071320) carry?
The net debt of Korea District Heating Corp is 4.2T KRW (fiscal year 2025, ≈ 12.2 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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Thin data
Nov 5, 2026