SG Corporation (004060) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of SG Corporation stock KRW 915, price KRW 1,948, that is 53.0% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 19 of our 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 10, 2026.
How to read this chart
60‑month range 1,936 KRW – 9,210 KRW · fair‑value band 635.66 KRW – 1,229 KRW · the 1,948 KRW price screens above the 914.91 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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SG Corporation, a fashion company, produces and sells woven garments primarily in South Korea. It offers formal dresses, casual wear, outer wear, and jackets. The company sells garments for women under the ab.f.z and ab.plus brands; and garments for men under the BASSO and BASSO hommes brands.
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It exports its products. The company was formerly known as SGWICUS Corporation and changed its name to SG Corporation in March 2010. SG Corporation was founded in 1964 and is headquartered in Seoul, South Korea.
Stock analysis
SG Corporation (004060) currently trades at 1,948 KRW, while our model-based Fair Value estimate is 914.91 KRW, 53% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 8,117 KRW per share, and 3 of the 19 models we run sit above the 1,948 KRW price.
Bear case: the Earnings-Based group reads lowest at 371.34 KRW, and 16 of the 19 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 635.66 KRW (bear) to 1,229 KRW (bull), the price of 1,948 KRW sits above 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 56/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
SG Corporation reported revenue of 132B KRW in FY2025 versus 136B KRW in FY2021, a compound −0.6%/yr. Reported net income was 884M KRW in FY2025, compounding −63.0%/yr from FY2021.
Key figures
Market cap 38.6B KRW (≈ $28.8M) Micro · P/E ratio 10.0 · P/S ratio 0.31 · EPS (TTM) 198.79 KRW · Net margin 3.2% · Return on equity 1.5% · Return on assets (EBIT) 0.0% (5-year average) · Operating margin −1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).
What moves the price
The share trades about 75% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −7% fair-value upside, at −53%, 004060 screens richer than that median.
Fair Value models
Bear635.66 KRWFair Value 914.91 KRWBull1,229 KRW
Price 1,948 KRW · Downside -53.0%
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 (171.01 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.33/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.6%
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.
−6.4%
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.
−4.6%
Start year 2020 (pandemic). Over 10 years: −8.4% 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.
−3.6%
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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.
−20.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.4%
Dividend (yield on the price)0.0%
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.−12% → −1%
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).
+14.4%
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 +12.1% 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.Apparel Manufacturing · 221 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−52.7% · Bottom 25%
Profitability
Return on equity (12 months)1.5% · Below median
Return on assets0.3% · Below median
Net margin (12 months)3.2% · Below median
Operating margin (12 months)−1.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)−5.2% · Bottom 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (12 months)10.0× · Cheaper than median
P/B0.15× · Cheapest 25%
P/S (12 months)0.31× · Cheapest 25%
Price / free cash flow (fiscal year)15.2× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)0· sector 16
PAST (return on equity)6· sector 20
HEALTH (low debt)93· sector 98
DIVIDEND (yield)0· sector 63
VALUE 0: the price sits above our fair-value range.
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). "SG Corporation Fair Value". https://www.fairvalue-calculator.com/stock/004060
Frequently asked questions
Is SG Corporation (004060) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 914.91 KRW versus a price of 1,948 KRW, about 53% lower (overvalued).
What is the fair value of 004060?
Our model-based fair value for SG Corporation is 914.91 KRW (as of Nov 10, 2026), built from audited fundamentals. The current price: 1,948 KRW.
What is the quality score of 004060?
SG Corporation has a Quality Score of 56/100. 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 SG Corporation (004060)?
Our model-based price target is the fair value of 914.91 KRW (as of Nov 10, 2026) from 19 valuation models. Cautious scenario 635.66 KRW, optimistic scenario 1,229 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SG Corporation stock forecast for 2026?
Our models put fair value at 914.91 KRW, about 53% lower versus a price of 1,948 KRW (overvalued). Cautious scenario 635.66 KRW, optimistic scenario 1,229 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SG Corporation (004060)?
SG Corporation reported trailing-twelve-month revenue of about 125B KRW (latest available figure, as of Nov 10, 2026).
What growth is priced into SG Corporation (004060)?
For today's price to be fair in a discounted-cash-flow model, SG Corporation would have to grow free cash flow by +14.4 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.6 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 004060 use?
Our models discount SG Corporation at 9.6 %: a base by market capitalisation (nano), damped by beta 0.80, 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 SG Corporation that is +14.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has SG Corporation (004060) delivered so far?
Over the past 5 years revenue at SG Corporation grew -4.6 % a year. The price currently implies free-cash-flow growth of +14.4 % 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 SG Corporation (004060) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into SG Corporation (+14.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SG Corporation (004060)?
The free-cash-flow yield on the price is 6.52 %: that much free cash flow SG Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SG Corporation (004060)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SG Corporation it is 914.91 KRW per share (as of Nov 10, 2026), against a price of 1,948 KRW. It is the blended result of 19 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SG Corporation stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 004060 trades above its calculated fair value: price 1,948 KRW, fair value 914.91 KRW, a gap of about −53% (overvalued). 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 004060?
No. The price is what the market pays today (1,948 KRW); the fair value is what the company's own numbers justify (914.91 KRW). For SG Corporation the two are 1,033 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SG Corporation worth?
The market values SG Corporation at about 38.6B KRW (market capitalisation, as of Nov 10, 2026). Per share that is 1,948 KRW; our models calculate a fair value of 914.91 KRW per share.
What do the bullish and bearish scenarios say about 004060?
Our models span a range for SG Corporation: cautious scenario 635.66 KRW, base 914.91 KRW, optimistic 1,229 KRW per share (as of Nov 10, 2026, price 1,948 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 004060?
SG Corporation trades at a price-to-earnings ratio of 10.0 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 914.91 KRW is built from several models across several years. Other multiples: P/B 0.2, P/S 0.3.
How solid is the balance sheet of SG Corporation (004060)?
Balance-sheet figures for SG Corporation (as of Nov 10, 2026): return on equity 1.5%, debt of 0.14 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 004060 from its 52-week high?
SG Corporation trades at 1,948 KRW, about 75% below its 52-week high of 7,680 KRW and 1% above the low of 1,936 KRW (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 914.91 KRW is for.
Which stocks are comparable to SG Corporation?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 SG Corporation stock attractive at the current price?
The data as of Nov 10, 2026: price 1,948 KRW, calculated fair value 914.91 KRW (−53%), Quality Score 56/100, from 19 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 004060 calculated?
We run SG Corporation through 19 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 914.91 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 13.7% above its aggregate fair value. SG Corporation itself currently trades above fair value. 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 SG Corporation (004060)?
The closing price on Nov 10, 2026 was 1,948 KRW. Our model-based fair value is 914.91 KRW, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SG Corporation right now?
The price sits above even our optimistic bull case (1,229 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (635.66 KRW to 1,229 KRW) leaves room in how you read the outcome.
Key figures of SG Corporation
How large is the market capitalisation of SG Corporation (004060)?
The market capitalisation of SG Corporation is 38.6B KRW (≈ $28.8M). 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 SG Corporation (004060)?
The price-to-sales ratio of SG Corporation is 0.31 (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 SG Corporation (004060)?
Earnings per share at SG Corporation are 198.79 KRW (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SG Corporation (004060)?
The net margin of SG Corporation is 3.2% (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 SG Corporation (004060)?
The return on equity (ROE) of SG Corporation is 1.5% (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 SG Corporation (004060)?
On an EBIT basis the return on assets of SG Corporation is 0.0% (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 SG Corporation (004060)?
The operating margin of SG Corporation is −1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SG Corporation (004060)?
Revenue at SG Corporation is growing −5.2% versus a year earlier (3y avg −6.4%). 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 SG Corporation (004060)?
Earnings per share at SG Corporation are growing +25.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SG Corporation (004060) carry?
The net debt of SG Corporation is 14.6B KRW (fiscal year 2023, ≈ 5.8 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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Some data
Nov 10, 2026