SJM Co Ltd (123700) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SJM Co Ltd stock KRW 8,095, price KRW 3,100, upside +161.1%, quality 63 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 3, 2026.
How to read this chart
60‑month range 2,524 KRW – 4,970 KRW · fair‑value band 6,072 KRW – 9,851 KRW · the 3,100 KRW price screens below the 8,095 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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SJM Co., Ltd. manufactures and sells automobile and industrial products in Korea and internationally. The company offers welded part; conventional, self-supporting, thermal compensating, EGR, turbo noise decoupling, truck, and industrial engine flex tube.
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It also provides LNG carrier, FSRU, FPSO, bunkering, re-gasification unit, duel fuel engine, tank, and terminal; gas and steam turbine, HRSG-casing, inlet/outlet non-metal bellows, BFPT-duct, condenser inlet/outlet, cooling water, utility piping-rubber hose, flexible hose, and fittings; styrene monomer, FCC residue fluid catalytic cracking unit, naphtha cracking center, aromatics, carbon black delayed coker, propane dehydrogenation, purified terephthalic acid, sulphuric acid regeneration, and heat exchanger; pump connector, bellows type, slip joint, multi and CB joint; MTU; and other water supply and sewage products.
In addition, the company offers new mobility products for electric and fuel cell electric vehicle; and high tech products to aerospace, hyper-speed transportation, and nuclear fusion powerplant.
The company was formerly known as Sung Jin Machinery Co., Ltd. and changed its name to SJM Co., Ltd. in November 1996. SJM Co., Ltd. was founded in 1975 and is based in Ansan-si, South Korea.
Stock analysis
SJM Co Ltd (123700) currently trades at 3,100 KRW, while our model-based Fair Value estimate is 8,095 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 23,151 KRW per share, and 22 of the 24 models we run sit above the 3,100 KRW price.
Bear case: the Dividend Discount group reads lowest at 2,417 KRW, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6,072 KRW (bear) to 9,851 KRW (bull), the price of 3,100 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 63/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SJM Co Ltd reported revenue of 201B KRW in FY2025 versus 146B KRW in FY2021, a compound +8.4%/yr. Reported net income was 12.1B KRW in FY2025, compounding +14.2%/yr from FY2021.
Key figures
Market cap 48.4B KRW (≈ $35.8M) Micro · P/E ratio 2.7 · P/S ratio 0.24 · EPS (TTM) 1,153 KRW · Dividend yield 6.6% · Net margin 8.8% · Return on equity 6.7% · Return on assets (EBIT) 4.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 3% 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 161%, 123700 screens cheaper than that median.
Fair Value models
Bear6,072 KRWFair Value 8,095 KRWBull9,851 KRW
Price 3,100 KRW · Upside +161.1%
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 (812.98 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 DCF21,533 KRW27,704 KRW37,869 KRW81
Growth DCF22,121 KRW28,040 KRW37,181 KRW80
Owner Earnings18,423 KRW23,468 KRW31,778 KRW78
All 24 models by family
DCF Models
FCF DCF21,533 KRW27,704 KRW37,869 KRW81
Owner Earnings18,423 KRW23,468 KRW31,778 KRW78
5Y Revenue Exit14,763 KRW17,927 KRW22,147 KRW74
5Y EBITDA Exit16,818 KRW21,464 KRW27,144 KRW77
5Y P/E Exit17,851 KRW23,242 KRW29,175 KRW72
10Y Revenue Exit17,080 KRW20,254 KRW23,759 KRW68
10Y EBITDA Exit18,511 KRW22,575 KRW27,121 KRW70
10Y P/E Exit19,140 KRW23,742 KRW28,487 KRW65
Earnings-Based
Graham-Dodd5,283 KRW9,845 KRW12,219 KRW66
EPV7,848 KRW8,392 KRW8,864 KRW74
Dividend Discount
Gordon GGM1,789 KRW2,389 KRW2,988 KRW69
DDM Multi-Stage1,789 KRW2,446 KRW3,209 KRW67
Multiples
P/E Multiple12,819 KRW17,092 KRW21,366 KRW63
P/S Multiple9,906 KRW13,208 KRW16,510 KRW58
P/B Multiple3,766 KRW5,021 KRW6,276 KRW55
EV/EBIT14,274 KRW17,537 KRW20,800 KRW66
EV/EBITDA15,382 KRW19,014 KRW22,646 KRW67
EV/Revenue11,084 KRW13,912 KRW16,740 KRW54
Asset-Based
NCAV (Graham)6,801 KRW10,304 KRW12,880 KRW54
Growth DCF
Growth DCF22,121 KRW28,040 KRW37,181 KRW80
Rev-Margin DCF14,763 KRW18,262 KRW22,484 KRW74
Economic Profit
Residual Income11,488 KRW11,707 KRW12,377 KRW76
ROIC Compounder7,848 KRW8,392 KRW8,864 KRW72
Growth Earnings
Growth-Adj P/E9,113 KRW13,018 KRW16,924 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.2%
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.
+3.8%
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.
+7.8%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 15 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.
+2.9%
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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.
+18.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.1%
Dividend (yield on the price)6.6%
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.12.1% vs −3.0%, 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.5% → 6%
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 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside+161.1% · Top 25%
Profitability
Return on equity (12 months)6.7% · Below median
Return on assets4.2% · Above median
Net margin (12 months)8.8% · Top 25%
Operating margin (12 months)8.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.9% · Above median
Dividend yield (12 months)6.6% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Auto Parts 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). "SJM Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/123700
Frequently asked questions
Is SJM Co Ltd (123700) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 8,095 KRW versus a price of 3,100 KRW, about +161% upside (undervalued).
What is the fair value of 123700?
Our model-based fair value for SJM Co Ltd is 8,095 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 3,100 KRW.
What is the quality score of 123700?
SJM Co Ltd has a Quality Score of 63/100. 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 SJM Co Ltd (123700)?
Our model-based price target is the fair value of 8,095 KRW (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 6,072 KRW, optimistic scenario 9,851 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SJM Co Ltd stock forecast for 2026?
Our models put fair value at 8,095 KRW, about +161% upside versus a price of 3,100 KRW (undervalued). Cautious scenario 6,072 KRW, optimistic scenario 9,851 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SJM Co Ltd (123700)?
SJM Co Ltd reported trailing-twelve-month revenue of about 205B KRW (latest available figure, as of Nov 3, 2026).
Does SJM Co Ltd pay a dividend?
SJM Co Ltd currently shows a dividend yield of 6.61% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of SJM Co Ltd (123700) and when is the ex-dividend date?
SJM Co Ltd pays a dividend of 205.00 KRW per share a year, a dividend yield of 6.6%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 2010. The payout ratio is 17.8% of earnings. Free cash flow covers the dividend 8.23 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What is the intrinsic value of SJM Co Ltd (123700)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SJM Co Ltd it is 8,095 KRW per share (as of Nov 3, 2026), against a price of 3,100 KRW. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SJM Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 123700 trades below its calculated fair value: price 3,100 KRW, fair value 8,095 KRW, a gap of about +161% (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 123700?
No. The price is what the market pays today (3,100 KRW); the fair value is what the company's own numbers justify (8,095 KRW). For SJM Co Ltd the two are 4,995 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SJM Co Ltd worth?
The market values SJM Co Ltd at about 48.4B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 3,100 KRW; our models calculate a fair value of 8,095 KRW per share.
What do the bullish and bearish scenarios say about 123700?
Our models span a range for SJM Co Ltd: cautious scenario 6,072 KRW, base 8,095 KRW, optimistic 9,851 KRW per share (as of Nov 3, 2026, price 3,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 123700?
SJM Co Ltd trades at a price-to-earnings ratio of 2.7 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8,095 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.8. Other multiples: P/B 0.2, P/S 0.2.
How solid is the balance sheet of SJM Co Ltd (123700)?
Balance-sheet figures for SJM Co Ltd (as of Nov 3, 2026): return on equity 6.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 123700 from its 52-week high?
SJM Co Ltd trades at 3,100 KRW, about 21% below its 52-week high of 3,945 KRW and 3% above the low of 3,005 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 8,095 KRW is for.
Which stocks are comparable to SJM 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 SJM Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 3,100 KRW, calculated fair value 8,095 KRW (+161%), Quality Score 63/100, 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 123700 calculated?
We run SJM Co Ltd through 24 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 8,095 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. SJM Co Ltd 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 SJM Co Ltd (123700)?
The closing price on Nov 6, 2026 was 3,100 KRW. Our model-based fair value is 8,095 KRW, about +161% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SJM Co Ltd right now?
The price is below even our cautious bear case (6,072 KRW). The market is more pessimistic than our downside scenario. 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 (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of SJM Co Ltd
How large is the market capitalisation of SJM Co Ltd (123700)?
The market capitalisation of SJM Co Ltd is 48.4B KRW (≈ $35.8M). 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 SJM Co Ltd (123700)?
The price-to-sales ratio of SJM Co Ltd is 0.24 (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 SJM Co Ltd (123700)?
Earnings per share at SJM Co Ltd are 1,153 KRW (price ÷ EPS = P/E 2.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SJM Co Ltd (123700)?
The dividend yield of SJM Co Ltd is 6.6% (payout 17.8%). 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 SJM Co Ltd (123700)?
The net margin of SJM Co Ltd is 8.8% (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 SJM Co Ltd (123700)?
The return on equity (ROE) of SJM Co Ltd is 6.7% (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 SJM Co Ltd (123700)?
On an EBIT basis the return on assets of SJM Co Ltd is 4.1% (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 SJM Co Ltd (123700)?
The operating margin of SJM Co Ltd is 8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SJM Co Ltd (123700)?
Revenue at SJM Co Ltd is growing +7.9% versus a year earlier (3y avg +3.8%). 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 SJM Co Ltd (123700)?
Earnings per share at SJM Co Ltd are growing +211% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SJM Co Ltd (123700) generate?
The free cash flow of SJM Co Ltd is 26.3B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Nov 3, 2026