Iljin Electric Co (103590) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Iljin Electric Co stock KRW 37,544, price KRW 43,250, that is 13.2% below the price, quality 55 out of 100. Rating: overvalued. 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 7, 2026.
How to read this chart
60‑month range 3,586 KRW – 144,100 KRW · fair‑value band 21,571 KRW – 54,836 KRW · the 43,250 KRW price screens above the 37,544 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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Iljin Electric Co.,Ltd engages in the production of transmission and distribution of power equipment.
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It offers transformers, high voltage GIS, medium voltage GIS, and isolated pulse busducts; switches, recloser, and cubicle type GIS; transmission line and rail-way fittings; and digital protection relay, intelligent ELCB, and digital electric power meters.
The company also provides conductors, conductor screens, insulation, insulation screens, metal sheath, and outer sheath; outdoor termination, gas immersed termination, oil immersed termination, pre moulded and fabricated joints; power and control cables, and instrument cables; insulated wires; and overhead transmission lines.
In addition, it offers SCR and aluminum rods; and energy solutions. The company was founded in 1968 and is headquartered in Seoul, South Korea.
Stock analysis
Iljin Electric Co (103590) currently trades at 43,250 KRW, while our model-based Fair Value estimate is 37,544 KRW, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 43,556 KRW per share, and 7 of the 26 models we run sit above the 43,250 KRW price.
Bear case: the Economic Profit group reads lowest at 23,065 KRW, and 19 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 21,571 KRW (bear) to 54,836 KRW (bull), the price of 43,250 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 Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Iljin Electric Co reported revenue of 2.0T KRW in FY2025 versus 932B KRW in FY2021, a compound +21.7%/yr. Reported net income was 104B KRW in FY2025, compounding +62.4%/yr from FY2021.
Key figures
Market cap 2.1T KRW (≈ $1.5B) Small · P/E ratio 20.2 · P/S ratio 0.95 · EPS (TTM) 2,949 KRW · Dividend yield 1.2% · Net margin 6.4% · Return on equity 23.7% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 70% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −13%, 103590 screens cheaper than that median.
Fair Value models
Bear21,571 KRWFair Value 37,544 KRWBull54,836 KRW
Price 43,250 KRW · Downside -13.2%
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 (2,094 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+29.6%
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.
+20.6%
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.
+23.6%
Start year 2020 (pandemic). Over 10 years: +11.1% 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.
+5.1%
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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.
+58.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+57.3%
Dividend (yield on the price)1.2%
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.75.7% vs 49.8%, picking up
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.2% → 7%
2025 sits 147% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+26.0%
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.
+7.4%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +23.4% a year for the price and +5.2% 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.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−13.2% · Above median
Profitability
Return on equity (12 months)23.7% · Top 25%
Return on assets6.8% · Above median
Net margin (12 months)6.4% · Above median
Operating margin (12 months)11.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)21.9% · Above median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)20.2× · Cheaper than median
P/B3.58× · Pricier than median
P/S (12 months)0.95× · Cheapest 25%
Price / free cash flow (fiscal year)35.3× · Pricier than median
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). "Iljin Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/103590
Frequently asked questions
Is Iljin Electric Co (103590) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 37,544 KRW versus a price of 43,250 KRW, about 13% lower (overvalued).
What is the fair value of 103590?
Our model-based fair value for Iljin Electric Co is 37,544 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 43,250 KRW.
What is the quality score of 103590?
Iljin Electric Co 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 Iljin Electric Co (103590)?
Our model-based price target is the fair value of 37,544 KRW (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 21,571 KRW, optimistic scenario 54,836 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Iljin Electric Co stock forecast for 2026?
Our models put fair value at 37,544 KRW, about 13% lower versus a price of 43,250 KRW (overvalued). Cautious scenario 21,571 KRW, optimistic scenario 54,836 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Iljin Electric Co (103590)?
Iljin Electric Co reported trailing-twelve-month revenue of about 2.2T KRW (latest available figure, as of Nov 7, 2026).
Does Iljin Electric Co pay a dividend?
Iljin Electric Co currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Iljin Electric Co (103590) and when is the ex-dividend date?
Iljin Electric Co pays a dividend of 500.00 KRW per share a year, a dividend yield of 1.2%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 2020. The payout ratio is 17.0% of earnings. Free cash flow covers the dividend 2.51 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 Iljin Electric Co (103590)?
For today's price to be fair in a discounted-cash-flow model, Iljin Electric Co would have to grow free cash flow by +26.0 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.6 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 103590 use?
Our models discount Iljin Electric Co at 12.3 %: a base by market capitalisation (mid), damped by beta 1.83, 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 Iljin Electric Co that is +26.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Iljin Electric Co (103590) delivered so far?
Over the past 5 years revenue at Iljin Electric Co grew +23.6 % a year. The price currently implies free-cash-flow growth of +26.0 % 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 Iljin Electric Co (103590) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Iljin Electric Co (+26.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Iljin Electric Co (103590)?
The free-cash-flow yield on the price is 2.90 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Iljin Electric Co produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Iljin Electric Co (103590)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iljin Electric Co it is 37,544 KRW per share (as of Nov 7, 2026), against a price of 43,250 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 Iljin Electric Co stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 103590 trades above its calculated fair value: price 43,250 KRW, fair value 37,544 KRW, a gap of about −13% (overvalued). 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 103590?
No. The price is what the market pays today (43,250 KRW); the fair value is what the company's own numbers justify (37,544 KRW). For Iljin Electric Co the two are 5,706 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Iljin Electric Co worth?
The market values Iljin Electric Co at about 2.1T KRW (market capitalisation, as of Nov 7, 2026). Per share that is 43,250 KRW; our models calculate a fair value of 37,544 KRW per share.
What do the bullish and bearish scenarios say about 103590?
Our models span a range for Iljin Electric Co: cautious scenario 21,571 KRW, base 37,544 KRW, optimistic 54,836 KRW per share (as of Nov 7, 2026, price 43,250 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 103590?
Iljin Electric Co trades at a price-to-earnings ratio of 20.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 37,544 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 24.0. Other multiples: P/B 3.6, P/S 1.0, EV/EBITDA 9.0.
How solid is the balance sheet of Iljin Electric Co (103590)?
Balance-sheet figures for Iljin Electric Co (as of Nov 7, 2026): return on equity 23.7%, debt of 0.03 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 103590 from its 52-week high?
Iljin Electric Co trades at 43,250 KRW, about 70% below its 52-week high of 144,100 KRW and at the low of 43,250 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 37,544 KRW is for.
Which stocks are comparable to Iljin Electric Co?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Iljin Electric Co stock attractive at the current price?
The data as of Nov 7, 2026: price 43,250 KRW, calculated fair value 37,544 KRW (−13%), 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 103590 calculated?
We run Iljin Electric Co 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 37,544 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 13.0% above its aggregate fair value. Iljin Electric Co itself currently trades above fair value. 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 Iljin Electric Co (103590)?
The closing price on Nov 6, 2026 was 43,250 KRW. Our model-based fair value is 37,544 KRW, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iljin Electric Co right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (21,571 KRW to 54,836 KRW) leaves room in how you read the outcome.
Key figures of Iljin Electric Co
How large is the market capitalisation of Iljin Electric Co (103590)?
The market capitalisation of Iljin Electric Co is 2.1T KRW (≈ $1.5B). 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 Iljin Electric Co (103590)?
The price-to-sales ratio of Iljin Electric Co is 0.95 (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 Iljin Electric Co (103590)?
Earnings per share at Iljin Electric Co are 2,949 KRW (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Iljin Electric Co (103590)?
The dividend yield of Iljin Electric Co is 1.2% (payout 17.0%). 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 Iljin Electric Co (103590)?
The net margin of Iljin Electric Co is 6.4% (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 Iljin Electric Co (103590)?
The return on equity (ROE) of Iljin Electric Co is 23.7% (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 Iljin Electric Co (103590)?
On an EBIT basis the return on assets of Iljin Electric Co is 5.8% (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 Iljin Electric Co (103590)?
The operating margin of Iljin Electric Co is 11.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iljin Electric Co (103590)?
Revenue at Iljin Electric Co is growing +21.9% versus a year earlier (3y avg +20.6%). 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 Iljin Electric Co (103590)?
Earnings per share at Iljin Electric Co are growing +89.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Iljin Electric Co (103590) carry?
The net debt of Iljin Electric Co is 1.9B KRW (fiscal year 2024, ≈ 0.0 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 7, 2026