Motrex Co. Ltd (118990) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Motrex Co. Ltd stock KRW 8,080, price KRW 5,050, upside +60.0%, quality 48 out of 100. Rating: strongly 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 4,335 KRW – 21,511 KRW · fair‑value band 7,964 KRW – 11,861 KRW · the 5,050 KRW price screens below the 8,080 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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Motrex Co., Ltd develops and manufactures vehicle infotainment products in South Korea and internationally.
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The company offers in vehicle infotainment products, including audio video, audio video navigation, and audio video navigation telematic products; rear seat entertainment products, such as video, music, VOD, etc.; and digital cluster system.
It also provides human machine interface solution for electronic mobility, as well as TIACORE that provides various visual elements for drivers and passengers by displaying 3D graphics on an in-vehicle digital display device.
In addition, the company offers dash cam, driver monitoring system, occupant monitoring, pinch alert sensor, air purifier, and wireless charger products. Motrex Co., Ltd was founded in 2001 and is based in Seongnam-si, South Korea.
Stock analysis
Motrex Co. Ltd (118990) currently trades at 5,050 KRW, while our model-based Fair Value estimate is 8,080 KRW, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 15,008 KRW per share, and 18 of the 24 models we run sit above the 5,050 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,775 KRW, and 6 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 7,964 KRW (bear) to 11,861 KRW (bull), the price of 5,050 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 48/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Motrex Co. Ltd reported revenue of 702B KRW in FY2025 versus 437B KRW in FY2021, a compound +12.6%/yr. Reported net income was 7.4B KRW in FY2025, compounding −10.8%/yr from FY2021.
Key figures
Market cap 124B KRW (≈ $91.4M) Micro · P/E ratio 6.9 · P/S ratio 0.18 · EPS (TTM) 720.30 KRW · Dividend yield 3.2% · Net margin 2.5% · Return on equity 7.7% · Return on assets (EBIT) 7.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 60%, 118990 screens cheaper than that median.
Fair Value models
Bear7,964 KRWFair Value 8,080 KRWBull11,861 KRW
Price 5,050 KRW · Upside +60.0%
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 12 months old). Earnings retained since then (558.30 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.
Best data coverage
FCF DCF9,629 KRW17,248 KRW28,368 KRW74
Growth DCF9,408 KRW16,010 KRW24,982 KRW73
Residual Income6,326 KRW6,419 KRW6,794 KRW73
All 24 models by family
DCF Models
FCF DCF9,629 KRW17,248 KRW28,368 KRW74
Owner Earnings4,692 KRW9,301 KRW16,029 KRW69
5Y Revenue Exit7,474 KRW14,061 KRW22,802 KRW66
5Y EBITDA Exit11,412 KRW22,151 KRW35,534 KRW69
5Y P/E Exit4,692 KRW8,345 KRW12,312 KRW66
10Y Revenue Exit7,937 KRW13,969 KRW22,844 KRW61
10Y EBITDA Exit10,458 KRW19,135 KRW32,117 KRW63
10Y P/E Exit6,566 KRW10,318 KRW15,205 KRW60
Earnings-Based
Graham-Dodd2,065 KRW9,524 KRW13,077 KRW61
Lynch FV2,506 KRW3,580 KRW4,654 KRW58
PEG = 1.02,506 KRW3,580 KRW4,654 KRW55
EPV3,045 KRW3,784 KRW4,388 KRW70
Dividend Discount
Gordon GGM1,070 KRW1,832 KRW2,416 KRW65
DDM Multi-Stage1,070 KRW1,719 KRW1,967 KRW65
Multiples
P/E Multiple4,782 KRW6,376 KRW7,970 KRW63
P/S Multiple3,871 KRW5,162 KRW6,452 KRW57
EV/EBIT5,222 KRW9,524 KRW13,825 KRW62
EV/EBITDA9,383 KRW15,072 KRW20,761 KRW65
EV/Revenue1,528 KRW5,475 KRW9,422 KRW48
Growth DCF
Growth DCF9,408 KRW16,010 KRW24,982 KRW73
Rev-Margin DCF7,474 KRW14,006 KRW22,434 KRW67
Economic Profit
Residual Income6,326 KRW6,419 KRW6,794 KRW73
ROIC Compounder3,045 KRW3,784 KRW4,388 KRW68
Growth Earnings
Growth-Adj P/E4,011 KRW5,729 KRW7,448 KRW65
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.7%
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.
+7.3%
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
+6.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.1%
Dividend (yield on the price)3.2%
Profit margin 2021 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.8% → 6%
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).
+5.8%
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 +3.7% a year for the price.
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.Auto Parts · 655 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)7.7% · Below median
Return on assets0.8% · Bottom 25%
Net margin (12 months)2.5% · Below median
Operating margin (12 months)9.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.5% · Below median
Dividend yield (12 months)3.2% · Above median
Balance sheet
Debt / equity0.74× · Highest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (12 months)6.9× · Cheapest 25%
P/B0.49× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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.
Is Motrex Co. Ltd (118990) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 8,080 KRW versus a price of 5,050 KRW, about +60% upside (undervalued).
What is the fair value of 118990?
Our model-based fair value for Motrex Co. Ltd is 8,080 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 5,050 KRW.
What is the quality score of 118990?
Motrex Co. Ltd has a Quality Score of 48/100. 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 Motrex Co. Ltd (118990)?
Our model-based price target is the fair value of 8,080 KRW (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 7,964 KRW, optimistic scenario 11,861 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Motrex Co. Ltd stock forecast for 2026?
Our models put fair value at 8,080 KRW, about +60% upside versus a price of 5,050 KRW (undervalued). Cautious scenario 7,964 KRW, optimistic scenario 11,861 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Motrex Co. Ltd (118990)?
Motrex Co. Ltd reported trailing-twelve-month revenue of about 702B KRW (latest available figure, as of Nov 7, 2026).
Does Motrex Co. Ltd pay a dividend?
Motrex Co. Ltd currently shows a dividend yield of 3.21% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Motrex Co. Ltd (118990)?
Motrex Co. Ltd pays a dividend of 162.00 KRW per share a year, a dividend yield of 3.2%. The payout ratio is 22.5% of earnings. Free cash flow covers the dividend 7.75 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 Motrex Co. Ltd (118990)?
For today's price to be fair in a discounted-cash-flow model, Motrex Co. Ltd would have to grow free cash flow by +5.8 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +12.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 118990 use?
Our models discount Motrex Co. Ltd at 12.0 %: a base by market capitalisation (micro), damped by beta 0.66, 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 Motrex Co. Ltd that is +5.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Motrex Co. Ltd (118990) delivered so far?
Over the past 4 years revenue at Motrex Co. Ltd grew +12.6 % a year. The price currently implies free-cash-flow growth of +5.8 % 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 Motrex Co. Ltd (118990) growing?
The median revenue growth in the sector is +8.6 % a year. That is the yardstick for the growth priced into Motrex Co. Ltd (+5.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Motrex Co. Ltd (118990)?
The free-cash-flow yield on the price is 24.85 %: that much free cash flow Motrex Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Motrex Co. Ltd (118990)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Motrex Co. Ltd it is 8,080 KRW per share (as of Nov 7, 2026), against a price of 5,050 KRW. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Motrex Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 118990 trades below its calculated fair value: price 5,050 KRW, fair value 8,080 KRW, a gap of about +60% (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 118990?
No. The price is what the market pays today (5,050 KRW); the fair value is what the company's own numbers justify (8,080 KRW). For Motrex Co. Ltd the two are 3,030 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Motrex Co. Ltd worth?
The market values Motrex Co. Ltd at about 124B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 5,050 KRW; our models calculate a fair value of 8,080 KRW per share.
What do the bullish and bearish scenarios say about 118990?
Our models span a range for Motrex Co. Ltd: cautious scenario 7,964 KRW, base 8,080 KRW, optimistic 11,861 KRW per share (as of Nov 7, 2026, price 5,050 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 118990?
Motrex Co. Ltd trades at a price-to-earnings ratio of 6.9 (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 8,080 KRW is built from several models across several years. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 3.5.
How solid is the balance sheet of Motrex Co. Ltd (118990)?
Balance-sheet figures for Motrex Co. Ltd (as of Nov 7, 2026): return on equity 7.7%, debt of 0.74 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 118990 from its 52-week high?
Motrex Co. Ltd trades at 5,050 KRW, about 52% below its 52-week high of 10,490 KRW and 16% above the low of 4,335 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 8,080 KRW is for.
Which stocks are comparable to Motrex Co. Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Motrex Co. Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 5,050 KRW, calculated fair value 8,080 KRW (+60%), Quality Score 48/100, 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 118990 calculated?
We run Motrex Co. Ltd through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 8,080 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. Motrex Co. Ltd currently trades 38% 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 Motrex Co. Ltd (118990)?
The closing price on Nov 6, 2026 was 5,050 KRW. Our model-based fair value is 8,080 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Motrex Co. Ltd right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (7,964 KRW). The market is more pessimistic than our downside scenario.
Key figures of Motrex Co. Ltd
How large is the market capitalisation of Motrex Co. Ltd (118990)?
The market capitalisation of Motrex Co. Ltd is 124B KRW (≈ $91.4M). 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 Motrex Co. Ltd (118990)?
The price-to-sales ratio of Motrex Co. Ltd is 0.18 (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 Motrex Co. Ltd (118990)?
Earnings per share at Motrex Co. Ltd are 720.30 KRW (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Motrex Co. Ltd (118990)?
The dividend yield of Motrex Co. Ltd is 3.2% (payout 22.5%). 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 Motrex Co. Ltd (118990)?
The net margin of Motrex Co. Ltd is 2.5% (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 Motrex Co. Ltd (118990)?
The return on equity (ROE) of Motrex Co. Ltd is 7.7% (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 Motrex Co. Ltd (118990)?
On an EBIT basis the return on assets of Motrex Co. Ltd is 7.3% (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 Motrex Co. Ltd (118990)?
The operating margin of Motrex Co. Ltd is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Motrex Co. Ltd (118990)?
Revenue at Motrex Co. Ltd is growing +5.5% versus a year earlier (3y avg +7.3%). 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 Motrex Co. Ltd (118990)?
Earnings per share at Motrex Co. Ltd are growing +585% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Motrex Co. Ltd (118990) carry?
The net debt of Motrex Co. Ltd is 317B KRW (fiscal year 2025, ≈ 10.4 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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Some data
Nov 7, 2026