Igis Residence Reit Co Ltd (350520) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Igis Residence Reit Co Ltd stock KRW 1,776, price KRW 2,935, that is 39.5% below the price, quality 55 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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 9, 2026.
How to read this chart
60‑month range 2,625 KRW – 4,333 KRW · fair‑value band 355.16 KRW – 3,872 KRW · the 2,935 KRW price screens above the 1,776 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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IGIS Residence Reit Co., Ltd. operates as a real estate investment fund based on rented houses. The company was founded in 2020 and is based in Seoul, South Korea.
Stock analysis
Igis Residence Reit Co Ltd (350520) currently trades at 2,935 KRW, while our model-based Fair Value estimate is 1,776 KRW, 39% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 5,791 KRW per share, and 4 of the 13 models we run sit above the 2,935 KRW price.
Bear case: the Growth DCF group reads lowest at 1,232 KRW, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 355.16 KRW (bear) to 3,872 KRW (bull), the price of 2,935 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 Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Igis Residence Reit Co Ltd reported revenue of 16.5B KRW in FY2026 versus 9.2B KRW in FY2022, a compound +15.9%/yr. Reported net income was 12.0B KRW in FY2026, compounding +10.2%/yr from FY2022.
Key figures
Market cap 108B KRW (≈ $80.8M) Micro · P/E ratio 2.8 · P/S ratio 2.29 · EPS (TTM) 1,066 KRW · Dividend yield 10.2% · Net margin 83.3% · Return on equity 12.2% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −13% fair-value upside, at −39%, 350520 screens richer than that median.
Fair Value models
Bear355.16 KRWFair Value 1,776 KRWBull3,872 KRW
Price 2,935 KRW · Downside -39.5%
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 2026 figures (about 4 months old). Earnings retained since then (279.05 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+37.7%
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.
+2.7%
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.
+16.4%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
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.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.2%
Dividend (yield on the price)10.2%
Profit margin 2021 to 2026 ⓘ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.94% → 87%
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).
+57.9%
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 +54.7% a year for the price.
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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 - Residential · 41 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−39.5% · Below median
Profitability
Return on equity (12 months)12.2% · Top 25%
Return on assets2.9% · Above median
Net margin (12 months)83.3% · Top 25%
Operating margin (12 months)89.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)10.2% · Top 25%
Balance sheet
Debt / equity0.28× · Lowest 25%
Valuation Multiplesvs REIT - Residential median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Igis Residence Reit Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/350520
Frequently asked questions
Is Igis Residence Reit Co Ltd (350520) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 1,776 KRW versus a price of 2,935 KRW, about 39% lower (overvalued).
What is the fair value of 350520?
Our model-based fair value for Igis Residence Reit Co Ltd is 1,776 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 2,935 KRW.
What is the quality score of 350520?
Igis Residence Reit Co Ltd 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 Igis Residence Reit Co Ltd (350520)?
Our model-based price target is the fair value of 1,776 KRW (as of Nov 9, 2026) from 13 valuation models. Cautious scenario 355.16 KRW, optimistic scenario 3,872 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Igis Residence Reit Co Ltd stock forecast for 2026?
Our models put fair value at 1,776 KRW, about 39% lower versus a price of 2,935 KRW (overvalued). Cautious scenario 355.16 KRW, optimistic scenario 3,872 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Igis Residence Reit Co Ltd (350520)?
Igis Residence Reit Co Ltd reported trailing-twelve-month revenue of about 47.2B KRW (latest available figure, as of Nov 9, 2026).
Does Igis Residence Reit Co Ltd pay a dividend?
Igis Residence Reit Co Ltd currently shows a dividend yield of 10.22% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Igis Residence Reit Co Ltd (350520) and when is the ex-dividend date?
Igis Residence Reit Co Ltd pays a dividend of 300.00 KRW per share a year, a dividend yield of 10.2%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 2020. The payout ratio is 28.1% of earnings. Free cash flow covers the dividend 0.16 times. 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 growth is priced into Igis Residence Reit Co Ltd (350520)?
For today's price to be fair in a discounted-cash-flow model, Igis Residence Reit Co Ltd would have to grow free cash flow by +57.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.4 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 350520 use?
Our models discount Igis Residence Reit Co Ltd at 11.6 %: a base by market capitalisation (micro), damped by beta 0.26, 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 Igis Residence Reit Co Ltd that is +57.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Igis Residence Reit Co Ltd (350520) delivered so far?
Over the past 5 years revenue at Igis Residence Reit Co Ltd grew +16.4 % a year. The price currently implies free-cash-flow growth of +57.9 % 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 Igis Residence Reit Co Ltd (350520) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Igis Residence Reit Co Ltd (+57.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Igis Residence Reit Co Ltd (350520)?
The free-cash-flow yield on the price is 1.66 %: that much free cash flow Igis Residence Reit Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Igis Residence Reit Co Ltd (350520)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Igis Residence Reit Co Ltd it is 1,776 KRW per share (as of Nov 9, 2026), against a price of 2,935 KRW. It is the blended result of 13 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Igis Residence Reit Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 350520 trades above its calculated fair value: price 2,935 KRW, fair value 1,776 KRW, a gap of about −39% (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 350520?
No. The price is what the market pays today (2,935 KRW); the fair value is what the company's own numbers justify (1,776 KRW). For Igis Residence Reit Co Ltd the two are 1,159 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Igis Residence Reit Co Ltd worth?
The market values Igis Residence Reit Co Ltd at about 108B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 2,935 KRW; our models calculate a fair value of 1,776 KRW per share.
What do the bullish and bearish scenarios say about 350520?
Our models span a range for Igis Residence Reit Co Ltd: cautious scenario 355.16 KRW, base 1,776 KRW, optimistic 3,872 KRW per share (as of Nov 9, 2026, price 2,935 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 350520?
Igis Residence Reit Co Ltd trades at a price-to-earnings ratio of 2.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,776 KRW is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings: 13.0. Other multiples: P/B 0.3, P/S 2.3, EV/EBITDA 8.0.
How solid is the balance sheet of Igis Residence Reit Co Ltd (350520)?
Balance-sheet figures for Igis Residence Reit Co Ltd (as of Nov 9, 2026): return on equity 12.2%, debt of 0.28 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 350520 from its 52-week high?
Igis Residence Reit Co Ltd trades at 2,935 KRW, about 24% below its 52-week high of 3,864 KRW and 1% above the low of 2,920 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,776 KRW is for.
Which stocks are comparable to Igis Residence Reit Co Ltd?
From the same area (Real Estate) we also value Essex Property Trust, Inc, Invitation Homes, Sun Communities, Inc, Mid-America Apartment Communities, Inc, 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 Igis Residence Reit Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 2,935 KRW, calculated fair value 1,776 KRW (−39%), Quality Score 55/100, from 13 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 350520 calculated?
We run Igis Residence Reit Co Ltd through 13 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 1,776 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 13.7% above its aggregate fair value. Igis Residence Reit Co Ltd 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 Igis Residence Reit Co Ltd (350520)?
The closing price on Nov 9, 2026 was 2,935 KRW. Our model-based fair value is 1,776 KRW, about 39% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Igis Residence Reit Co Ltd right now?
The model range is unusually wide (355.16 KRW to 3,872 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Igis Residence Reit Co Ltd
How large is the market capitalisation of Igis Residence Reit Co Ltd (350520)?
The market capitalisation of Igis Residence Reit Co Ltd is 108B KRW (≈ $80.8M). 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 Igis Residence Reit Co Ltd (350520)?
The price-to-sales ratio of Igis Residence Reit Co Ltd is 2.29 (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 Igis Residence Reit Co Ltd (350520)?
Earnings per share at Igis Residence Reit Co Ltd are 1,066 KRW (price ÷ EPS = P/E 2.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Igis Residence Reit Co Ltd (350520)?
The dividend yield of Igis Residence Reit Co Ltd is 10.2% (payout 28.1%). 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 Igis Residence Reit Co Ltd (350520)?
The net margin of Igis Residence Reit Co Ltd is 83.3% (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 Igis Residence Reit Co Ltd (350520)?
The return on equity (ROE) of Igis Residence Reit Co Ltd is 12.2% (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 Igis Residence Reit Co Ltd (350520)?
On an EBIT basis the return on assets of Igis Residence Reit Co Ltd is 4.6% (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 Igis Residence Reit Co Ltd (350520)?
The operating margin of Igis Residence Reit Co Ltd is 89.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does Igis Residence Reit Co Ltd (350520) carry?
The net debt of Igis Residence Reit Co Ltd is 79.3B KRW (fiscal year 2026, ≈ 44.0 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 9, 2026