Kisco Holdings (001940) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kisco Holdings KRW 42,240, price KRW 26,400, upside +60.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 9,288 KRW – 28,350 KRW · fair‑value band 35,624 KRW – 53,447 KRW · the 26,400 KRW price screens below the 42,240 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
Stock analysis
Kisco Holdings (001940) currently trades at 26,400 KRW, while our model-based Fair Value estimate is 42,240 KRW, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 63,564 KRW per share, and 4 of the 9 models we run sit above the 26,400 KRW price.
Bear case: the Growth DCF group reads lowest at 21,355 KRW, and 5 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: 35,624 KRW (bear) to 53,447 KRW (bull), the price of 26,400 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 48/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
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.
Key figures
Market cap 330B KRW (≈ $243M) · P/S ratio 0.36 · Dividend yield 10.1% · Net margin −2.2% · Return on equity −2.1% · Return on assets (EBIT) 5.4% · Operating margin −8.5% · Revenue (TTM) 838B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 60%, 001940 screens cheaper than that median.
Fair Value models
Bear 35,624 KRWFair Value 42,240 KRWBull 53,447 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.5%
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.
−23.0%
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.
−5.0%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 23 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.
+1.7%
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Profit margin (trend) ⓘ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.
7.8% (2020) → −8.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
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).
+6.8%
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 +4.6% a year for the price.
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 · 417 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+60% · Top 25%
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)−9% · Bottom 25%
Growth and dividend
Revenue growth7% · Above median
Dividend yield (TTM)10.1% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kisco Holdings Fair Value". https://www.fairvalue-calculator.com/stock/001940
Frequently asked questions
Is Kisco Holdings (001940) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 42,240 KRW versus a price of 26,400 KRW, about +60% upside (undervalued).
What is the fair value of 001940?
Our model-based fair value for Kisco Holdings is 42,240 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 26,400 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 price target for Kisco Holdings (001940)?
Our model-based price target is the fair value of 42,240 KRW (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 35,624 KRW, optimistic scenario 53,447 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kisco Holdings stock forecast for 2026?
Our models put fair value at 42,240 KRW, about +60% upside versus a price of 26,400 KRW (undervalued). Cautious scenario 35,624 KRW, optimistic scenario 53,447 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kisco Holdings (001940)?
Kisco Holdings reported trailing-twelve-month revenue of about 838B KRW (latest available figure, as of Sep 24, 2026).
Does Kisco Holdings pay a dividend?
Kisco Holdings currently shows a dividend yield of about 10.06% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kisco Holdings (001940)?
For today's price to be fair in a discounted-cash-flow model, Kisco Holdings would have to grow free cash flow by +6.8 % 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 -5.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 001940 use?
Our models discount Kisco Holdings at 11.6 %: a base by market capitalisation (micro), damped by beta 0.46, 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 Kisco Holdings that is +6.8 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Kisco Holdings (001940) delivered so far?
Over the past 5 years revenue at Kisco Holdings grew -5.0 % a year. The price currently implies +6.8 % per year free-cash-flow growth a 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 Kisco Holdings (001940) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Kisco Holdings (+6.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kisco Holdings (001940)?
The free-cash-flow yield on the price is 6.12 %: that much free cash flow Kisco Holdings 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 Kisco Holdings (001940)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kisco Holdings it is 42,240 KRW per share (as of Sep 24, 2026), against a price of 26,400 KRW. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Kisco Holdings stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 001940 trades below its calculated fair value: price 26,400 KRW, fair value 42,240 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 001940?
No. The price is what the market pays today (26,400 KRW); the fair value is what the company's own numbers justify (42,240 KRW). For Kisco Holdings the two are 15,840 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kisco Holdings worth?
The market values Kisco Holdings at about 330B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 26,400 KRW; our models calculate a fair value of 42,240 KRW per share.
What do the bullish and bearish scenarios say about 001940?
Our models span a range for Kisco Holdings: cautious scenario 35,624 KRW, base 42,240 KRW, optimistic 53,447 KRW per share (as of Sep 24, 2026, price 26,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kisco Holdings (001940)?
Balance-sheet figures for Kisco Holdings (as of Sep 24, 2026): return on equity −2.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 001940 from its 52-week high?
Kisco Holdings trades at 26,400 KRW, about 7% below its 52-week high of 28,350 KRW and 30% above the low of 20,350 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 42,240 KRW is for.
Which stocks are comparable to Kisco Holdings?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata 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 Kisco Holdings stock attractive at the current price?
The data as of Sep 24, 2026: price 26,400 KRW, calculated fair value 42,240 KRW (+60%), Quality Score 48/100, from 9 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 001940 calculated?
We run Kisco Holdings through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 42,240 KRW, 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 14.0 % above its aggregate fair value. Kisco Holdings currently trades 60 % 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 Kisco Holdings (001940)?
The closing price on Sep 23, 2026 was 26,400 KRW. Our model-based fair value is 42,240 KRW, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kisco Holdings right now?
The price is below even our cautious bear case (35,624 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kisco Holdings
How large is the market capitalisation of Kisco Holdings (001940)?
The market capitalisation of Kisco Holdings is 330B KRW (≈ $243M). 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 Kisco Holdings (001940)?
The price-to-sales ratio of Kisco Holdings is 0.36 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Kisco Holdings (001940)?
The dividend yield of Kisco Holdings is 10.1%. 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 Kisco Holdings (001940)?
The net margin of Kisco Holdings is −2.2% (fiscal year 2025). 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 Kisco Holdings (001940)?
The return on equity (ROE) of Kisco Holdings is −2.1% (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 Kisco Holdings (001940)?
On an EBIT basis the return on assets of Kisco Holdings is 5.4% (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 Kisco Holdings (001940)?
The operating margin of Kisco Holdings is −8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kisco Holdings (001940)?
Revenue at Kisco Holdings is growing +6.5% versus a year earlier (3y avg −23.0%). 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 Kisco Holdings (001940)?
Earnings per share at Kisco Holdings are growing −61.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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