Seah Steel Corp (306200) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Seah Steel Corp stock KRW 182,880, price KRW 114,300, upside +60.0%, quality 36 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
60‑month range 74,137 KRW – 193,362 KRW · fair‑value band 128,016 KRW – 237,744 KRW · the 114,300 KRW price screens below the 182,880 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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SeAH Steel Corporation manufactures and sells steel products in South Korea. The company offers steel, structural steel, material, stainless steel, and titanium steel pipes. Its steel pipes are used for piping, electrical wires, oil pipelines and wells, boilers, and heat exchangers.
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The company is headquartered in Seoul, South Korea.
Stock analysis
Seah Steel Corp (306200) currently trades at 114,300 KRW, while our model-based Fair Value estimate is 182,880 KRW, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 165,938 KRW per share, and 9 of the 14 models we run sit above the 114,300 KRW price.
Bear case: the Asset-Based group reads lowest at 27,009 KRW, and 5 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 128,016 KRW (bear) to 237,744 KRW (bull), the price of 114,300 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 36/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Seah Steel Corp reported revenue of 1.5T KRW in FY2025 versus 1.5T KRW in FY2021, a compound −0.2%/yr. Reported net income was 30.0B KRW in FY2025, compounding −24.3%/yr from FY2021.
Key figures
Market cap 320B KRW (≈ $237M) Micro · P/E ratio 5.8 · P/S ratio 0.20 · EPS (TTM) 19,745 KRW · Dividend yield 4.8% · Net margin 3.4% · Return on equity 4.9% · Return on assets (EBIT) 10.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 38% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −36% fair-value upside, at 60%, 306200 screens cheaper than that median.
Fair Value models
Bear128,016 KRWFair Value 182,880 KRWBull237,744 KRW
Price 114,300 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 10 months old). Earnings retained since then (12,215 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.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−17.9%
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.
+5.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+19.2%
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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−1.9%
Dividend (yield on the price)4.8%
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% → 3%
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.Steel · 411 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (12 months)4.9% · Above median
Return on assets1.6% · Below median
Net margin (12 months)3.4% · Above median
Operating margin (12 months)7.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)19.4% · Above median
Dividend yield (12 months)4.8% · Top 25%
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
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Is Seah Steel Corp (306200) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 182,880 KRW versus a price of 114,300 KRW, about +60% upside (undervalued).
What is the fair value of 306200?
Our model-based fair value for Seah Steel Corp is 182,880 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 114,300 KRW.
What is the quality score of 306200?
Seah Steel Corp has a Quality Score of 36/100. 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 Seah Steel Corp (306200)?
Our model-based price target is the fair value of 182,880 KRW (as of Nov 8, 2026) from 14 valuation models. Cautious scenario 128,016 KRW, optimistic scenario 237,744 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Seah Steel Corp stock forecast for 2026?
Our models put fair value at 182,880 KRW, about +60% upside versus a price of 114,300 KRW (undervalued). Cautious scenario 128,016 KRW, optimistic scenario 237,744 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Seah Steel Corp (306200)?
Seah Steel Corp reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Nov 8, 2026).
Does Seah Steel Corp pay a dividend?
Seah Steel Corp currently shows a dividend yield of 4.81% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Seah Steel Corp (306200) and when is the ex-dividend date?
Seah Steel Corp pays a dividend of 5,500 KRW per share a year, a dividend yield of 4.8%. The last ex-dividend date was Mar 26, 2026. The payout ratio is 27.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Seah Steel Corp (306200)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Seah Steel Corp it is 182,880 KRW per share (as of Nov 8, 2026), against a price of 114,300 KRW. It is the blended result of 14 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Seah Steel Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 306200 trades below its calculated fair value: price 114,300 KRW, fair value 182,880 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 306200?
No. The price is what the market pays today (114,300 KRW); the fair value is what the company's own numbers justify (182,880 KRW). For Seah Steel Corp the two are 68,580 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Seah Steel Corp worth?
The market values Seah Steel Corp at about 320B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 114,300 KRW; our models calculate a fair value of 182,880 KRW per share.
What do the bullish and bearish scenarios say about 306200?
Our models span a range for Seah Steel Corp: cautious scenario 128,016 KRW, base 182,880 KRW, optimistic 237,744 KRW per share (as of Nov 8, 2026, price 114,300 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 306200?
Seah Steel Corp trades at a price-to-earnings ratio of 5.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 182,880 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 4.9. Other multiples: P/B 0.3, P/S 0.2, EV/EBITDA 4.1.
How solid is the balance sheet of Seah Steel Corp (306200)?
Balance-sheet figures for Seah Steel Corp (as of Nov 8, 2026): return on equity 4.9%, debt of 0.22 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 306200 from its 52-week high?
Seah Steel Corp trades at 114,300 KRW, about 38% below its 52-week high of 183,000 KRW and 6% above the low of 108,247 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 182,880 KRW is for.
Which stocks are comparable to Seah Steel Corp?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 Seah Steel Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 114,300 KRW, calculated fair value 182,880 KRW (+60%), Quality Score 36/100, from 14 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 306200 calculated?
We run Seah Steel Corp through 14 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 182,880 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. Seah Steel Corp 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 Seah Steel Corp (306200)?
The closing price on Nov 9, 2026 was 114,300 KRW. Our model-based fair value is 182,880 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Seah Steel Corp right now?
The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (128,016 KRW). The market is more pessimistic than our downside scenario. A fairly wide model range (128,016 KRW to 237,744 KRW) leaves room in how you read the outcome.
Key figures of Seah Steel Corp
How large is the market capitalisation of Seah Steel Corp (306200)?
The market capitalisation of Seah Steel Corp is 320B KRW (≈ $237M). 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 Seah Steel Corp (306200)?
The price-to-sales ratio of Seah Steel Corp is 0.20 (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 Seah Steel Corp (306200)?
Earnings per share at Seah Steel Corp are 19,745 KRW (price ÷ EPS = P/E 5.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Seah Steel Corp (306200)?
The dividend yield of Seah Steel Corp is 4.8% (payout 27.9%). 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 Seah Steel Corp (306200)?
The net margin of Seah Steel Corp is 3.4% (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 Seah Steel Corp (306200)?
The return on equity (ROE) of Seah Steel Corp is 4.9% (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 Seah Steel Corp (306200)?
On an EBIT basis the return on assets of Seah Steel Corp is 10.9% (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 Seah Steel Corp (306200)?
The operating margin of Seah Steel Corp is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Seah Steel Corp (306200)?
Revenue at Seah Steel Corp is growing +19.4% 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 Seah Steel Corp (306200)?
Earnings per share at Seah Steel Corp are growing +270% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Seah Steel Corp (306200) generate?
The free cash flow of Seah Steel Corp is −154B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Seah Steel Corp (306200) carry?
The net debt of Seah Steel Corp is 263B KRW (fiscal year 2025). 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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Nov 8, 2026