CJ Korea Express (000120) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CJ Korea Express stock KRW 85,981, price KRW 68,600, upside +25.3%, quality 50 out of 100. Rating: undervalued. Calculated from audited financials with 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 6, 2026.
How to read this chart
60‑month range 64,000 KRW – 180,195 KRW · fair‑value band 63,339 KRW – 107,477 KRW · the 68,600 KRW price screens below the 85,981 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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CJ Logistics Corporation provides transportation and logistics services in Korea and internationally. The company engages in Ecommerce logistics, parcel, contract logistics, forwarding, project logistics, stevedoring, and transportation businesses.
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CJ Logistics Corporation was formerly known as Korea Express Co., Ltd. The company was founded in 1930 and is based in Seoul, South Korea. CJ Logistics Corporation operates as a subsidiary of CJ Corporation.
Stock analysis
CJ Korea Express (000120) currently trades at 68,600 KRW, while our model-based Fair Value estimate is 85,981 KRW, implying the stock looks roughly 20% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 320,626 KRW per share, and 24 of the 26 models we run sit above the 68,600 KRW price.
Bear case: the Dividend Discount group reads lowest at 25,955 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 63,339 KRW (bear) to 107,477 KRW (bull), the price of 68,600 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 50/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CJ Korea Express reported revenue of 12.3T KRW in FY2025 versus 11.3T KRW in FY2021, a compound +2.0%/yr. Reported net income was 242B KRW in FY2025, compounding +45.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 1.4T KRW (≈ $1.0B) Small · P/E ratio 6.6 · P/S ratio 0.11 · EPS (TTM) 10,387 KRW · Dividend yield 1.2% · Net margin 1.7% · Return on equity 5.4% · Return on assets (EBIT) 4.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 53% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 25%, 000120 screens cheaper than that median.
Fair Value models
Bear63,339 KRWFair Value 85,981 KRWBull107,477 KRW
Price 68,600 KRW · Upside +25.3%
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 (8,221 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
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.4%
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.
+0.4%
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.
+2.6%
Start year 2020 (pandemic). Over 10 years: +9.3% a year
Revenue growth 25 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.
+10.4%
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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.
+35.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.6%
Dividend (yield on the price)1.2%
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.34.6% vs 14.4%, 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.3% → 4%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
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).
+0.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −1.4% a year for the price and +2.3% for the forecasts.
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.Integrated Freight & Logistics · 210 stocks
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Cite: Fair Value Calculator (2026). "CJ Korea Express Fair Value". https://www.fairvalue-calculator.com/stock/000120
Frequently asked questions
Is CJ Korea Express (000120) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 85,981 KRW versus a price of 68,600 KRW, about +25% upside (undervalued).
What is the fair value of 000120?
Our model-based fair value for CJ Korea Express is 85,981 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 68,600 KRW.
What is the quality score of 000120?
CJ Korea Express has a Quality Score of 50/100. 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 CJ Korea Express (000120)?
Our model-based price target is the fair value of 85,981 KRW (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 63,339 KRW, optimistic scenario 107,477 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the CJ Korea Express stock forecast for 2026?
Our models put fair value at 85,981 KRW, about +25% upside versus a price of 68,600 KRW (undervalued). Cautious scenario 63,339 KRW, optimistic scenario 107,477 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of CJ Korea Express (000120)?
CJ Korea Express reported trailing-twelve-month revenue of about 12.8T KRW (latest available figure, as of Nov 6, 2026).
Does CJ Korea Express pay a dividend?
CJ Korea Express currently shows a dividend yield of 1.17% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of CJ Korea Express (000120) and when is the ex-dividend date?
CJ Korea Express pays a dividend of 800.00 KRW per share a year, a dividend yield of 1.2%. The last ex-dividend date was Mar 30, 2026. The payout ratio is 7.7% of earnings. Free cash flow covers the dividend 18.33 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into CJ Korea Express (000120)?
For today's price to be fair in a discounted-cash-flow model, CJ Korea Express would have to grow free cash flow by +0.7 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.7 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 000120 use?
Our models discount CJ Korea Express at 10.7 %: a base by market capitalisation (small), damped by beta 0.66, 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 CJ Korea Express that is +0.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has CJ Korea Express (000120) delivered so far?
Over the past 5 years revenue at CJ Korea Express grew +2.7 % a year. The price currently implies free-cash-flow growth of +0.7 % 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 CJ Korea Express (000120) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into CJ Korea Express (+0.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CJ Korea Express (000120)?
The free-cash-flow yield on the price is 21.37 %: that much free cash flow CJ Korea Express produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CJ Korea Express (000120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CJ Korea Express it is 85,981 KRW per share (as of Nov 6, 2026), against a price of 68,600 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CJ Korea Express stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 000120 trades below its calculated fair value: price 68,600 KRW, fair value 85,981 KRW, a gap of about +25% (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 000120?
No. The price is what the market pays today (68,600 KRW); the fair value is what the company's own numbers justify (85,981 KRW). For CJ Korea Express the two are 17,381 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is CJ Korea Express worth?
The market values CJ Korea Express at about 1.4T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 68,600 KRW; our models calculate a fair value of 85,981 KRW per share.
What do the bullish and bearish scenarios say about 000120?
Our models span a range for CJ Korea Express: cautious scenario 63,339 KRW, base 85,981 KRW, optimistic 107,477 KRW per share (as of Nov 6, 2026, price 68,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000120?
CJ Korea Express trades at a price-to-earnings ratio of 6.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 85,981 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 36.4. Other multiples: P/B 0.3, P/S 0.1, EV/EBITDA 1.8.
How solid is the balance sheet of CJ Korea Express (000120)?
Balance-sheet figures for CJ Korea Express (as of Nov 6, 2026): return on equity 5.4%, debt of 0.25 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 000120 from its 52-week high?
CJ Korea Express trades at 68,600 KRW, about 53% below its 52-week high of 144,623 KRW and 7% above the low of 64,000 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 85,981 KRW is for.
Which stocks are comparable to CJ Korea Express?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 CJ Korea Express stock attractive at the current price?
The data as of Nov 6, 2026: price 68,600 KRW, calculated fair value 85,981 KRW (+25%), Quality Score 50/100, from 26 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 000120 calculated?
We run CJ Korea Express through 26 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 85,981 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. CJ Korea Express currently trades 20% 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 CJ Korea Express (000120)?
The closing price on Nov 6, 2026 was 68,600 KRW. Our model-based fair value is 85,981 KRW, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CJ Korea Express right now?
Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of CJ Korea Express
How large is the market capitalisation of CJ Korea Express (000120)?
The market capitalisation of CJ Korea Express is 1.4T KRW (≈ $1.0B). 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 CJ Korea Express (000120)?
The price-to-sales ratio of CJ Korea Express is 0.11 (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 CJ Korea Express (000120)?
Earnings per share at CJ Korea Express are 10,387 KRW (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CJ Korea Express (000120)?
The dividend yield of CJ Korea Express is 1.2% (payout 7.7%). 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 CJ Korea Express (000120)?
The net margin of CJ Korea Express is 1.7% (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 CJ Korea Express (000120)?
The return on equity (ROE) of CJ Korea Express is 5.4% (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 CJ Korea Express (000120)?
On an EBIT basis the return on assets of CJ Korea Express is 4.7% (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 CJ Korea Express (000120)?
The operating margin of CJ Korea Express is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CJ Korea Express (000120)?
Revenue at CJ Korea Express is growing +10.9% versus a year earlier (3y avg +0.4%). 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 CJ Korea Express (000120)?
Earnings per share at CJ Korea Express are growing −36.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CJ Korea Express (000120) carry?
The net debt of CJ Korea Express is 1.8T KRW (fiscal year 2025, ≈ 6.3 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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Nov 6, 2026