Ktop Reit (145270) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ktop Reit stock KRW 2,055, price KRW 832, upside +147.0%, quality 64 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 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 661.63 KRW – 1,479 KRW · fair‑value band 1,450 KRW – 2,569 KRW · the 832.00 KRW price screens below the 2,055 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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K-TOP REITS co. Ltd. is a real estate investment trust. K-TOP REITS co. Ltd. is based in Seoul, South Korea.
Stock analysis
Ktop Reit (145270) currently trades at 832.00 KRW, while our model-based Fair Value estimate is 2,055 KRW, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 2,841 KRW per share, and 16 of the 16 models we run sit above the 832.00 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,221 KRW, and 0 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 1,450 KRW (bear) to 2,569 KRW (bull), the price of 832.00 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 64/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ktop Reit reported revenue of 15.1B KRW in FY2025 versus 32.0B KRW in FY2021, a compound −17.1%/yr. Reported net income was 6.2B KRW in FY2025, compounding −14.2%/yr from FY2021.
Key figures
Market cap 39.4B KRW (≈ $29.2M) Micro · P/E ratio 5.0 · P/S ratio 2.53 · EPS (TTM) 167.68 KRW · Dividend yield 8.5% · Net margin 51.1% · Return on equity 8.8% · Return on assets (EBIT) 6.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at 147%, 145270 screens cheaper than that median.
Fair Value models
Bear1,450 KRWFair Value 2,055 KRWBull2,569 KRW
Price 832.00 KRW · Upside +147.0%
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 (143.79 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+24.8%
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.
−11.3%
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.
−6.6%
Start year 2020 (pandemic)
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.
+21.5%
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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.
−2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.4%
Dividend (yield on the price)8.5%
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.80% → 70%
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+25.8%
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 +23.2% 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.REIT - Diversified · 138 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+147.0% · Top 25%
Profitability
Return on equity (12 months)8.8% · Top 25%
Return on assets2.9% · Below median
Net margin (12 months)51.1% · Above median
Operating margin (12 months)44.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)12.1% · Above median
Dividend yield (12 months)8.5% · Top 25%
Balance sheet
Debt / equity0.23× · Lowest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)5.0× · Cheapest 25%
P/B0.38× · Cheapest 25%
P/S (12 months)2.53× · Cheapest 25%
Price / free cash flow (fiscal year)21.1× · Pricier than median
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Cite: Fair Value Calculator (2026). "Ktop Reit Fair Value". https://www.fairvalue-calculator.com/stock/145270
Frequently asked questions
Is Ktop Reit (145270) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 2,055 KRW versus a price of 832.00 KRW, about +147% upside (undervalued).
What is the fair value of 145270?
Our model-based fair value for Ktop Reit is 2,055 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 832.00 KRW.
What is the quality score of 145270?
Ktop Reit has a Quality Score of 64/100. 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 Ktop Reit (145270)?
Our model-based price target is the fair value of 2,055 KRW (as of Nov 3, 2026) from 16 valuation models. Cautious scenario 1,450 KRW, optimistic scenario 2,569 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Ktop Reit stock forecast for 2026?
Our models put fair value at 2,055 KRW, about +147% upside versus a price of 832.00 KRW (undervalued). Cautious scenario 1,450 KRW, optimistic scenario 2,569 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Ktop Reit (145270)?
Ktop Reit reported trailing-twelve-month revenue of about 15.6B KRW (latest available figure, as of Nov 3, 2026).
Does Ktop Reit pay a dividend?
Ktop Reit currently shows a dividend yield of 8.53% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Ktop Reit (145270)?
Ktop Reit has a dividend yield of 8.5%.
What growth is priced into Ktop Reit (145270)?
For today's price to be fair in a discounted-cash-flow model, Ktop Reit would have to grow free cash flow by +25.8 % 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 -6.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 145270 use?
Our models discount Ktop Reit at 8.9 %: a base by market capitalisation (nano), damped by beta 0.17, 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 Ktop Reit that is +25.8 % 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 Ktop Reit (145270) delivered so far?
Over the past 5 years revenue at Ktop Reit grew -6.6 % a year. The price currently implies free-cash-flow growth of +25.8 % 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 Ktop Reit (145270) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Ktop Reit (+25.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ktop Reit (145270)?
The free-cash-flow yield on the price is 4.75 %: that much free cash flow Ktop Reit 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 Ktop Reit (145270)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ktop Reit it is 2,055 KRW per share (as of Nov 3, 2026), against a price of 832.00 KRW. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Ktop Reit stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 145270 trades below its calculated fair value: price 832.00 KRW, fair value 2,055 KRW, a gap of about +147% (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 145270?
No. The price is what the market pays today (832.00 KRW); the fair value is what the company's own numbers justify (2,055 KRW). For Ktop Reit the two are 1,223 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Ktop Reit worth?
The market values Ktop Reit at about 39.4B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 832.00 KRW; our models calculate a fair value of 2,055 KRW per share.
What do the bullish and bearish scenarios say about 145270?
Our models span a range for Ktop Reit: cautious scenario 1,450 KRW, base 2,055 KRW, optimistic 2,569 KRW per share (as of Nov 3, 2026, price 832.00 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 145270?
Ktop Reit trades at a price-to-earnings ratio of 5.0 (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 2,055 KRW is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2019 to 2025), reported earnings: 5.9. Other multiples: P/B 0.4, P/S 2.5, EV/EBITDA 3.7.
How solid is the balance sheet of Ktop Reit (145270)?
Balance-sheet figures for Ktop Reit (as of Nov 3, 2026): return on equity 8.8%, debt of 0.23 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 145270 from its 52-week high?
Ktop Reit trades at 832.00 KRW, about 14% below its 52-week high of 971.00 KRW and 14% above the low of 733.00 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2,055 KRW is for.
Which stocks are comparable to Ktop Reit?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 Ktop Reit stock attractive at the current price?
The data as of Nov 3, 2026: price 832.00 KRW, calculated fair value 2,055 KRW (+147%), Quality Score 64/100, from 16 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 145270 calculated?
We run Ktop Reit through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2,055 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. Ktop Reit currently trades 60% 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 Ktop Reit (145270)?
The closing price on Nov 6, 2026 was 832.00 KRW. Our model-based fair value is 2,055 KRW, about +147% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ktop Reit right now?
The price is below even our cautious bear case (1,450 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 (64/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Ktop Reit
How large is the market capitalisation of Ktop Reit (145270)?
The market capitalisation of Ktop Reit is 39.4B KRW (≈ $29.2M). 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 Ktop Reit (145270)?
The price-to-sales ratio of Ktop Reit is 2.53 (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 Ktop Reit (145270)?
Earnings per share at Ktop Reit are 167.68 KRW (price ÷ EPS = P/E 5.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ktop Reit (145270)?
The dividend yield of Ktop Reit is 8.5% (payout 42.3%). 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 Ktop Reit (145270)?
The net margin of Ktop Reit is 51.1% (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 Ktop Reit (145270)?
The return on equity (ROE) of Ktop Reit is 8.8% (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 Ktop Reit (145270)?
On an EBIT basis the return on assets of Ktop Reit is 6.4% (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 Ktop Reit (145270)?
The operating margin of Ktop Reit is 44.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ktop Reit (145270)?
Revenue at Ktop Reit is growing +12.1% versus a year earlier (3y avg −11.3%). 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 Ktop Reit (145270)?
Earnings per share at Ktop Reit are growing +790% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ktop Reit (145270) carry?
The net debt of Ktop Reit is 61.6B KRW (fiscal year 2025, ≈ 32.9 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 3, 2026