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STOCK COMPARISON

Shinhan Seobu T&D REIT Co vs Goodman: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shinhan Seobu T&D REIT Co (404990) and Goodman (GMG) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees Shinhan Seobu T&D REIT Co as the less overvalued of the two: Shinhan Seobu T&D REIT Co trades at KRW 4,015 versus a fair value of KRW 2,358 (-41%), while Goodman trades at A$29.93 versus A$7.37 (-75%).
Shinhan Seobu T&D REIT Co
404990.KO · KRW · Energy
-41%
upside to fair value
overvalued
PriceKRW 4,015
Fair ValueKRW 2,358
Quality52/100
Goodman
GMG.AU · AUD · Real Estate
-75%
upside to fair value
overvalued
PriceA$29.93
Fair ValueA$7.37
Quality61/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shinhan Seobu T&D REIT CoGoodman
Valuation
P/E (TTM)35.5×
P/S (TTM)13.96×
P/B1.86×
4.5×EV/EBITDA24.5×
PEG2.72×
6.9%Dividend yield1.0%
KRW 262Dividend per shareA$0.30
Profitability
23%Net margin55%
60%Operating margin56%
Return on equity8%
0%Return on assets4%
Growth
48%Revenue growth (YoY)-16%
29.0%Avg. growth/yr (3Y)2.4%
27.3%Avg. growth/yr (5Y)8.1%
Balance & size
0.76×Debt / equity0.20×
$157MMarket cap$43B
healthyGrowth qualityhealthy

Shinhan Seobu T&D REIT Co leads: 6 to 3 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shinhan Seobu T&D REIT Coof which business quality 48 · market factors 44 Goodmanof which business quality 61 · market factors 44
ProfitabilityMargins and returns on capital today
15
38
Quality GrowthAre margins and returns improving?
48
62
CashflowEarnings quality: real cash, not paper profit
100
76
Fin. StrengthBalance sheet, leverage, solvency risk
10
74
InvestmentDisciplined investing over empire-building
67
57
Low VolatilityCalm price path (market factor)
54
65
MomentumPrice trend over the last 3–12 months (market factor)
36
36
52W MomentumDistance to the 52-week high (market factor)
45
32
Net IssuanceBuybacks instead of dilution
62
55

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shinhan Seobu T&D REIT Co

DCF ModelsKRW 3,505
MultiplesKRW 576
Asset-BasedKRW 2,942
Growth DCFKRW 6,925
Economic ProfitKRW 2,807

8 of 11 models see the stock below the current price.

Goodman

DCF ModelsA$7.40
Dividend DiscountA$4.92
MultiplesA$6.55
Asset-BasedA$7.64
Growth DCFA$8.19
Economic ProfitA$9.80

16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shinhan Seobu T&D REIT Co
Bear KRW 946Fair Value KRW 2,358Bull KRW 2,358
KRW 4,015 = current price (white tick)
Goodman
Bear A$4.54Fair Value A$7.37Bull A$10.49
A$29.93 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shinhan Seobu T&D REIT Co · Energy

Quality score52 · above median
Fair value upside-41% · below median

Goodman · Real Estate

Quality score61 · Top 25%
Fair value upside-75% · bottom 25%

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees Shinhan Seobu T&D REIT Co as the less overvalued of the two: Shinhan Seobu T&D REIT Co trades at KRW 4,015 versus a fair value of KRW 2,358 (-41%), while Goodman trades at A$29.93 versus A$7.37 (-75%).

Goodman has the higher quality score (61/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.