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KISCO Holdings (001940) Fair Value & Analysis

Basic Materials · KR · Market cap 303B KRW

KH KISCO Holdings 001940 · KO
Price26,750 KRW
Fair Value42,320 KRW
Upside+58.2%
Quality48/100
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Weak Growth
Loss-making · -2.8% net margin
Low debt · generates free cash flow
10.47% dividend yield
Mixed vs. peers (5/10)
Narrow moat 14/100
Evidence: Medium Range 32,433 KRW – 57,941 KRW Share as image

Fair value as of: Jul 22, 2026

From 9 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 27,432 KRW to 42,320 KRW (+54.3%) since Jun 25, 2026. Share price +7.0% over the past month.

Below-average quality, screening 58% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (32,433 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

27,650 KRW 9,288 KRW Fair Value 42,320 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 9,288 KRW – 27,650 KRW · fair‑value band 32,433 KRW – 57,941 KRW · the 26,750 KRW price screens below the 42,320 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

KISCO Holdings (001940) currently trades at 26,750 KRW, while our model-based Fair Value estimate is 42,320 KRW, implying the stock looks roughly 58.2% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, KISCO Holdings generated revenue of 838B KRW at a net margin of -2.8%. Revenue grew 6.5% year over year. It earns a return on equity of -2.1%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 32,433 KRW (bear case) to 57,941 KRW (bull case); at 26,750 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 58%, 001940 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF 23,506 KRW 30,622 KRW 43,286 KRW 80
Rev-Margin DCF 20,635 KRW 27,909 KRW 36,840 KRW 74
Gordon GGM 40,924 KRW 45,007 KRW 51,282 KRW 70
All 9 models by family
DCF Models
FCF DCF 22,625 KRW 29,892 KRW 43,877 KRW 38
5Y Revenue Exit 20,635 KRW 27,520 KRW 37,524 KRW 39
10Y Revenue Exit 20,827 KRW 26,128 KRW 31,806 KRW 36
Dividend Discount
Gordon GGM 40,924 KRW 45,007 KRW 51,282 KRW 70
DDM Multi-Stage 40,924 KRW 52,230 KRW 68,582 KRW 61
Multiples
EV/Revenue 20,740 KRW 27,284 KRW 33,828 KRW 43
Asset-Based
NCAV (Graham) 47,436 KRW 63,564 KRW 94,871 KRW 50
Growth DCF
Growth DCF 23,506 KRW 30,622 KRW 43,286 KRW 80
Rev-Margin DCF 20,635 KRW 27,909 KRW 36,840 KRW 74

Widest divergence: Asset-Based (63,564 KRW) versus Multiples (27,284 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 838B KRW
Revenue growth (YoY) +6.5%
Net margin -2.8%
Return on equity -2.1%
Free cash flow 20.2B KRW FY2025
Operating margin -8.5%
More key figures
Dividend yield 10.5%
EPS growth (YoY) -61.7%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 57

Profitability 12
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 95
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

KISCO Holdings Corp., through its subsidiaries, develops, produces, and sells steel products primarily in South Korea. It offers reinforcing bars and billets; and produces and supplies oxygen, liquid nitrogen, and argon. KISCO Holdings Corp. was founded in 1957 and is headquartered in Changwon-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KISCO Holdings reported revenue of 825B KRW in FY2025 versus 1.6T KRW in FY2021, a compound −15.0%/yr. Reported net income was −18.2B KRW in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
825B KRW
Latest YoY
−18.5%
Avg. growth/yr (3Y) 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.
−23.0%
Avg. growth/yr (5Y) 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.
−5.0%
Avg. growth/yr (23Y) 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.
+1.7%
Revenue −15.0%/yr
FY21 1.6T KRW
FY22 1.8T KRW
FY23 1.5T KRW
FY24 1.0T KRW
FY25 825B KRW
Net income
FY21 114B KRW
FY22 79.8B KRW
FY23 91.0B KRW
FY24 32.4B KRW
FY25 −18.2B KRW

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Cite: Fair Value Calculator (2026). "KISCO Holdings Fair Value". https://www.fairvalue-calculator.com/stock/001940

Peer Group

Steel · 378 stocks

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.

Quality Score 48 · Below median
Fair Value upside +58% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -9% · Bottom 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 10.5% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Steel median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 19
FUTURE 33 · sector 4
PAST 0 · sector 15
HEALTH 100 · sector 95
DIVIDEND 100 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is KISCO Holdings (001940) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 42,320 KRW versus a price of 26,750 KRW, about +58% (undervalued).
What is the fair value of 001940?
Our model-based fair value for KISCO Holdings is 42,320 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 26,750 KRW.
What is the quality score of 001940?
KISCO Holdings has a Quality Score of 48/100. 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 revenue of KISCO Holdings (001940)?
KISCO Holdings reported trailing-twelve-month revenue of about 838B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 001940?
The net profit margin of KISCO Holdings is about -2.8%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does KISCO Holdings pay a dividend?
KISCO Holdings currently shows a dividend yield of about 11.42% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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