Korean Airlines Co (003490) Fair Value & Analysis
Industrials · KR · Market cap 9.8T KRW
Fair value as of: Jul 16, 2026
From 16 valuation models · updated 24 days ago
Share price −3.6% over the past month.
Below-average quality, screening 22% undervalued on our models.
What matters now
- Our model range runs from 24,916 KRW (bear) to 42,970 KRW (bull), base 33,054 KRW. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 17,616 KRW – 30,436 KRW · fair‑value band 24,916 KRW – 42,970 KRW · the 27,150 KRW price screens below the 33,054 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Korean Airlines Co (003490) currently trades at 27,150 KRW, while our model-based Fair Value estimate is 33,054 KRW, implying the stock looks roughly 21.8% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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: high), always confirm before acting.
Over the trailing twelve months, Korean Airlines Co generated revenue of 25.4T KRW at a net margin of 2.4%. Revenue grew 2.6% year over year. It earns a return on equity of 3.0%. Net debt stands at 7.6T KRW. Fundamentals as of Jul 16, 2026
Our scenario range runs from 24,916 KRW (bear case) to 42,970 KRW (bull case); at 27,150 KRW, the current price sits within 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 Industrials peers we cover trades at 40% fair-value upside, at 22%, 003490 screens richer 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.
All 16 models by family
Widest divergence: Multiples (35,996 KRW) versus Economic Profit (6,612 KRW). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 55
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
Korean Airlines Co.,Ltd. provides airline services. It operates through Air Transport, Aerospace, Hotel, and Others segments. The company provides passenger and cargo transportation services and maintenance of aircraft and manufacturing of aircraft parts.
Full company description
Korean Airlines Co.,Ltd. provides airline services. It operates through Air Transport, Aerospace, Hotel, and Others segments. The company provides passenger and cargo transportation services and maintenance of aircraft and manufacturing of aircraft parts. It also engages in hotel, hotel management, accommodation, software development and supply, aircraft engine repair, sports and leisure services, cargo information network service, online sales, aircraft transport services, information technology services, airport support services, online sales, facilities support management services, and small aircraft transport service. Additionally, the company offers cargo information network services; and supplies labors. It operates a fleet of 162 aircraft connecting 10 domestic and 106 international destinations in 39 countries. Korean Airlines Co.,Ltd. was founded in 1962 and is headquartered in Seoul, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Korean Airlines Co reported revenue of 25.2T KRW in FY2025 versus 9.0T KRW in FY2021, a compound +29.3%/yr. Reported net income was 780B KRW in FY2025, compounding +7.8%/yr from FY2021.
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Peer Group
Airlines · 60 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.
Valuation Multiples vs Airlines median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Airlines stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Air Lines, Inc DAL | $84.17 | $118.24 | +40% |
| United Airlines Holdings UAL | $120.97 | $175.62 | +45% |
| Ryanair Holdings RYA | €25.47 | €41.26 | +62% |
| Southwest Airlines Co LUV | $47.56 | $14.76 | -69% |
| InterGlobe Aviation Limited INDIGO | ₹5,249 | ₹3,704 | -29% |
| Singapore Airlines Limited C6L | 7.60 SGD | 7.89 SGD | +4% |
| Air China Limited 601111 | ¥5.97 | ¥7.16 | +20% |
| LATAM Airlines Group LTM | $54.87 | $106.79 | +95% |
| Deutsche Lufthansa AG 1LHA | €8.57 | €15.42 | +80% |
| China Southern Airlines Company 600029 | ¥4.99 | ¥1.28 | -74% |
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Frequently asked questions
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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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