Kishin Corporation (092440) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Kishin Corporation stock KRW 4,632, price KRW 1,765, upside +162.4%, quality 56 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 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 1,696 KRW – 4,740 KRW · fair‑value band 3,560 KRW – 5,811 KRW · the 1,765 KRW price screens below the 4,632 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Kishin Corporation, together with its subsidiaries, provides mold bases, parts, die sets, and material in South Korea and internationally. It offers mold bases for plastic injection, as well as parts; press die sets and inner plates; precision plates; and plastic mold steel products.
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The company was founded in 1975 and is headquartered in Incheon, South Korea. Kishin Corporation is a subsidiary of Futaba Corporation.
Stock analysis
Kishin Corporation (092440) currently trades at 1,765 KRW, while our model-based Fair Value estimate is 4,632 KRW, implying the stock looks roughly 62% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 4,947 KRW per share, and 10 of the 11 models we run sit above the 1,765 KRW price.
Bear case: the Multiples group reads lowest at 2,561 KRW, and 1 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 3,560 KRW (bear) to 5,811 KRW (bull), the price of 1,765 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kishin Corporation reported revenue of 119B KRW in FY2026 versus 131B KRW in FY2022, a compound −2.4%/yr. Reported net income was −775M KRW in FY2026.
Key figures
Market cap 51.5B KRW (≈ $38.1M) Micro · P/S ratio 0.44 · EPS (TTM) −14.52 KRW · Dividend yield 3.4% · Net margin −0.4% · Return on equity −0.2% · Return on assets (EBIT) 1.2% (5-year average) · Operating margin −3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −39% fair-value upside, at 162%, 092440 screens cheaper than that median.
Fair Value models
Bear3,560 KRWFair Value 4,632 KRWBull5,811 KRW
Price 1,765 KRW · Upside +162.4%
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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.2%
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.
−6.2%
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.
−1.5%
Start year 2021 (pandemic). Over 10 years: +0.5% a year
Revenue growth 19 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.
+3.9%
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Profit margin (trend) ⓘ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.
8.8% (2021) → −3.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Metal Fabrication · 260 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+162.4% · Top 25%
Profitability
Return on assets−0.3% · Bottom 25%
Net margin (12 months)−0.4% · Bottom 25%
Operating margin (12 months)−3.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−10.5% · Bottom 25%
Dividend yield (12 months)3.4% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Metal Fabrication 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). "Kishin Corporation Fair Value". https://www.fairvalue-calculator.com/stock/092440
Frequently asked questions
Is Kishin Corporation (092440) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 4,632 KRW versus a price of 1,765 KRW, about +162% upside (undervalued).
What is the fair value of 092440?
Our model-based fair value for Kishin Corporation is 4,632 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 1,765 KRW.
What is the quality score of 092440?
Kishin Corporation has a Quality Score of 56/100. 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 Kishin Corporation (092440)?
Our model-based price target is the fair value of 4,632 KRW (as of Nov 3, 2026) from 11 valuation models. Cautious scenario 3,560 KRW, optimistic scenario 5,811 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kishin Corporation stock forecast for 2026?
Our models put fair value at 4,632 KRW, about +162% upside versus a price of 1,765 KRW (undervalued). Cautious scenario 3,560 KRW, optimistic scenario 5,811 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kishin Corporation (092440)?
Kishin Corporation reported trailing-twelve-month revenue of about 116B KRW (latest available figure, as of Nov 3, 2026).
Does Kishin Corporation pay a dividend?
Kishin Corporation currently shows a dividend yield of 3.40% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Kishin Corporation (092440) and when is the ex-dividend date?
Kishin Corporation pays a dividend of 60.00 KRW per share a year, a dividend yield of 3.4%. The last ex-dividend date was Mar 30, 2026. A dividend has been paid every year since at least 2008. Free cash flow covers the dividend 5.01 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Kishin Corporation (092440)?
For today's price to be fair in a discounted-cash-flow model, Kishin Corporation would have to grow free cash flow by less than minus 40 % 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 -1.5 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 092440 use?
Our models discount Kishin Corporation at 8.9 %: a base by market capitalisation (nano), 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 Kishin Corporation that is less than minus 40 % 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 Kishin Corporation (092440) delivered so far?
Over the past 5 years revenue at Kishin Corporation grew -1.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Kishin Corporation (092440) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Kishin Corporation (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kishin Corporation (092440)?
The free-cash-flow yield on the price is 17.03 %: that much free cash flow Kishin Corporation 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 Kishin Corporation (092440)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kishin Corporation it is 4,632 KRW per share (as of Nov 3, 2026), against a price of 1,765 KRW. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Kishin Corporation stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 092440 trades below its calculated fair value: price 1,765 KRW, fair value 4,632 KRW, a gap of about +162% (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 092440?
No. The price is what the market pays today (1,765 KRW); the fair value is what the company's own numbers justify (4,632 KRW). For Kishin Corporation the two are 2,867 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kishin Corporation worth?
The market values Kishin Corporation at about 51.5B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 1,765 KRW; our models calculate a fair value of 4,632 KRW per share.
What do the bullish and bearish scenarios say about 092440?
Our models span a range for Kishin Corporation: cautious scenario 3,560 KRW, base 4,632 KRW, optimistic 5,811 KRW per share (as of Nov 3, 2026, price 1,765 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kishin Corporation (092440)?
Balance-sheet figures for Kishin Corporation (as of Nov 3, 2026): return on equity −0.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 092440 from its 52-week high?
Kishin Corporation trades at 1,765 KRW, about 27% below its 52-week high of 2,410 KRW and 4% above the low of 1,696 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 4,632 KRW is for.
Which stocks are comparable to Kishin Corporation?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 Kishin Corporation stock attractive at the current price?
The data as of Nov 3, 2026: price 1,765 KRW, calculated fair value 4,632 KRW (+162%), Quality Score 56/100, from 11 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 092440 calculated?
We run Kishin Corporation through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 4,632 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. Kishin Corporation currently trades 62% 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 Kishin Corporation (092440)?
The closing price on Nov 9, 2026 was 1,765 KRW. Our model-based fair value is 4,632 KRW, about +162% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kishin Corporation right now?
The price is below even our cautious bear case (3,560 KRW). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Kishin Corporation (092440) come from?
Earnings per share at Kishin Corporation grew −6.4 % a year from 2011 to 2022. Broken into its drivers: revenue per share +2.4 %, EBIT margin −8.5 %, tax rate +0.8 %, residual (interest, one-offs) −0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kishin Corporation
How large is the market capitalisation of Kishin Corporation (092440)?
The market capitalisation of Kishin Corporation is 51.5B KRW (≈ $38.1M). 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 Kishin Corporation (092440)?
The price-to-sales ratio of Kishin 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 Kishin Corporation (092440)?
Earnings per share at Kishin Corporation are −14.52 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kishin Corporation (092440)?
The dividend yield of Kishin Corporation is 3.4%. 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 Kishin Corporation (092440)?
The net margin of Kishin Corporation is −0.4% (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 Kishin Corporation (092440)?
The return on equity (ROE) of Kishin Corporation is −0.2% (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 Kishin Corporation (092440)?
On an EBIT basis the return on assets of Kishin Corporation is 1.2% (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 Kishin Corporation (092440)?
The operating margin of Kishin Corporation is −3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kishin Corporation (092440)?
Revenue at Kishin Corporation is growing −10.5% versus a year earlier (3y avg −6.2%). 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 Kishin Corporation (092440)?
Earnings per share at Kishin Corporation are growing −73.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kishin Corporation (092440) hold?
Kishin Corporation holds more cash than debt, 13.9B KRW net (fiscal year 2022). The company holds more cash than debt, a safety cushion.
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Nov 3, 2026