Sajodaerim (003960) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Sajodaerim KRW 79,800, price KRW 26,600, upside +200.0%, quality 29 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 17,786 KRW – 98,162 KRW · fair‑value band 65,617 KRW – 97,096 KRW · the 26,600 KRW price screens below the 79,800 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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Sajodaerim Corporation operates in the fisheries, food, food logistics, and retailing sectors in Korea.
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Sajodaerim Corporation operates in the fisheries, food, food logistics, and retailing sectors in Korea. It is also involved in the manufacture, logistics, and retailing of processed foods, such as fishcakes, crab-flavored fish sticks, hams, and sausages under the Daerim Seon brand; and production and vending of frozen and refrigerated foods, salted seafood, seasoned dried laver, dried sea mustards, and other products. In addition, the company engages in breeding, producing, processing, and retailing pork and fowl; and livestock business. Sajodaerim Corporation was founded in 1945 and is based in Seoul, South Korea.
Stock analysis
Sajodaerim (003960) currently trades at 26,600 KRW, while our model-based Fair Value estimate is 79,800 KRW, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 181,218 KRW per share, and 12 of the 14 models we run sit above the 26,600 KRW price.
Bear case: the Asset-Based group reads lowest at 48,886 KRW, and 2 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 65,617 KRW (bear) to 97,096 KRW (bull), the price of 26,600 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 29/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sajodaerim reported revenue of 3.5T KRW in FY2025 versus 1.8T KRW in FY2021, a compound +17.9%/yr. Reported net income was −78.6B KRW in FY2025.
Key figures
Market cap 265B KRW (≈ $195M) · P/S ratio 0.08 · Dividend yield 0.9% · Net margin −2.2% · Return on equity −8.1% · Return on assets (EBIT) 7.8% · Operating margin 2.7% · Revenue (TTM) 3.5T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 35% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −3% fair-value upside, at 200%, 003960 screens cheaper than that median.
Fair Value models
Bear 65,617 KRWFair Value 79,800 KRWBull 97,096 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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+32.4%
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.
+20.1%
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.
+15.3%
Start year 2020 (pandemic). Over 10 years: +17.2% a year
Revenue growth 26 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.
+9.3%
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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.
2.9% (2020) → 2.7% (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).
+47.4%
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 +44.4% 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.Packaged Foods · 668 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside+200% · Top 25%
Profitability
Return on assets3% · Below median
Net margin (TTM)−2% · Bottom 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)0.9% · Bottom 25%
Balance sheet
Debt / equity0.27× · Above median
Valuation Multiplesvs Packaged Foods 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). "Sajodaerim Fair Value". https://www.fairvalue-calculator.com/stock/003960
Frequently asked questions
Is Sajodaerim (003960) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 79,800 KRW versus a price of 26,600 KRW, about +200% upside (undervalued).
What is the fair value of 003960?
Our model-based fair value for Sajodaerim is 79,800 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 26,600 KRW.
What is the quality score of 003960?
Sajodaerim has a Quality Score of 29/100. 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 Sajodaerim (003960)?
Our model-based price target is the fair value of 79,800 KRW (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 65,617 KRW, optimistic scenario 97,096 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sajodaerim stock forecast for 2026?
Our models put fair value at 79,800 KRW, about +200% upside versus a price of 26,600 KRW (undervalued). Cautious scenario 65,617 KRW, optimistic scenario 97,096 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sajodaerim (003960)?
Sajodaerim reported trailing-twelve-month revenue of about 3.5T KRW (latest available figure, as of Sep 24, 2026).
Does Sajodaerim pay a dividend?
Sajodaerim currently shows a dividend yield of about 0.94% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sajodaerim (003960)?
For today's price to be fair in a discounted-cash-flow model, Sajodaerim would have to grow free cash flow by +47.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 003960 use?
Our models discount Sajodaerim at 11.8 %: a base by market capitalisation (micro), damped by beta 0.59, 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 Sajodaerim that is +47.4 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Sajodaerim (003960) delivered so far?
Over the past 5 years revenue at Sajodaerim grew +15.3 % a year. The price currently implies +47.4 % 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 Sajodaerim (003960) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Sajodaerim (+47.4 % 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 Sajodaerim (003960)?
The free-cash-flow yield on the price is 3.00 %: that much free cash flow Sajodaerim produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sajodaerim (003960)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sajodaerim it is 79,800 KRW per share (as of Sep 24, 2026), against a price of 26,600 KRW. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Sajodaerim stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 003960 trades below its calculated fair value: price 26,600 KRW, fair value 79,800 KRW, a gap of about +200% (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 003960?
No. The price is what the market pays today (26,600 KRW); the fair value is what the company's own numbers justify (79,800 KRW). For Sajodaerim the two are 53,200 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sajodaerim worth?
The market values Sajodaerim at about 265B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 26,600 KRW; our models calculate a fair value of 79,800 KRW per share.
What do the bullish and bearish scenarios say about 003960?
Our models span a range for Sajodaerim: cautious scenario 65,617 KRW, base 79,800 KRW, optimistic 97,096 KRW per share (as of Sep 24, 2026, price 26,600 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sajodaerim (003960)?
Balance-sheet figures for Sajodaerim (as of Sep 24, 2026): return on equity −8.1%, debt of 0.27 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 003960 from its 52-week high?
Sajodaerim trades at 26,600 KRW, about 35% below its 52-week high of 41,175 KRW and 6% above the low of 25,000 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 79,800 KRW is for.
Which stocks are comparable to Sajodaerim?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, The Kraft Heinz Company, Foshan Haitian Flavouring and Food Company, 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 Sajodaerim stock attractive at the current price?
The data as of Sep 24, 2026: price 26,600 KRW, calculated fair value 79,800 KRW (+200%), Quality Score 29/100, from 14 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 003960 calculated?
We run Sajodaerim through 14 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 79,800 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. Sajodaerim currently trades 200 % 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 Sajodaerim (003960)?
The closing price on Sep 23, 2026 was 26,600 KRW. Our model-based fair value is 79,800 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sajodaerim right now?
The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (65,617 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.
Key figures of Sajodaerim
How large is the market capitalisation of Sajodaerim (003960)?
The market capitalisation of Sajodaerim is 265B KRW (≈ $195M). 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 Sajodaerim (003960)?
The price-to-sales ratio of Sajodaerim is 0.08 (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 Sajodaerim (003960)?
The dividend yield of Sajodaerim is 0.9%. 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 Sajodaerim (003960)?
The net margin of Sajodaerim 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 Sajodaerim (003960)?
The return on equity (ROE) of Sajodaerim is −8.1% (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 Sajodaerim (003960)?
On an EBIT basis the return on assets of Sajodaerim is 7.8% (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 Sajodaerim (003960)?
The operating margin of Sajodaerim is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sajodaerim (003960)?
Revenue at Sajodaerim is growing +3.8% versus a year earlier (3y avg +20.1%). 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 Sajodaerim (003960)?
Earnings per share at Sajodaerim are growing +47.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sajodaerim (003960) carry?
The net debt of Sajodaerim is 467B KRW (fiscal year 2025, ≈ 65.4 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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