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Shinhung Co (004080) Fair Value & Analysis

Healthcare · KR · Market cap 130B KRW

SC Shinhung Co 004080 · KO
Price14,050 KRW
Fair Value6,704 KRW
Upside-52.3%
Quality51/100
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Weak Growth
Thin margins · 3.2% net margin
Low debt · negative free cash flow
2.57% dividend yield
Ranks above peers (7/9)
Narrow moat 28/100
Evidence: Medium Range 5,028 KRW – 7,884 KRW Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 8,988 KRW to 6,704 KRW (−25.4%) since Jun 25, 2026. Share price +0.8% over the past month.

A solid business, but screening 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7,884 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

16,755 KRW 10,485 KRW Fair Value 6,704 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 10,485 KRW – 16,755 KRW · fair‑value band 5,028 KRW – 7,884 KRW · the 14,050 KRW price screens above the 6,704 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

Shinhung Co (004080) currently trades at 14,050 KRW, while our model-based Fair Value estimate is 6,704 KRW, implying the stock looks roughly 52.3% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Shinhung Co generated revenue of 104B KRW at a net margin of 3.2%. Revenue grew 6.5% year over year. It earns a return on equity of 3.0%. Net debt stands at 8.9B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 5,028 KRW (bear case) to 7,884 KRW (bull case); at 14,050 KRW, the current price sits above 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 4% below its 52-week high and 7% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -26% fair-value upside, at -52%, 004080 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.

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
Residual Income 8,959 KRW 8,726 KRW 7,208 KRW 76
ROIC Compounder 3,613 KRW 4,220 KRW 4,752 KRW 72
Gordon GGM 2,546 KRW 2,786 KRW 3,153 KRW 70
All 15 models by family
DCF Models
Owner Earnings 3,278 KRW 4,578 KRW 6,986 KRW 31
Earnings-Based
Graham-Dodd 2,072 KRW 2,533 KRW 2,849 KRW 54
EPV 3,613 KRW 4,220 KRW 4,752 KRW 59
Dividend Discount
Gordon GGM 2,546 KRW 2,786 KRW 3,153 KRW 70
DDM Multi-Stage 2,546 KRW 3,194 KRW 4,103 KRW 61
Multiples
P/E Multiple 5,028 KRW 6,704 KRW 8,380 KRW 63
P/S Multiple 3,885 KRW 5,180 KRW 6,475 KRW 58
P/B Multiple 3,885 KRW 5,180 KRW 6,475 KRW 55
EV/EBIT 9,728 KRW 12,982 KRW 16,236 KRW 53
EV/EBITDA 12,374 KRW 16,509 KRW 20,645 KRW 54
EV/Revenue 6,934 KRW 9,920 KRW 12,905 KRW 43
Asset-Based
NCAV (Graham) 6,229 KRW 8,347 KRW 12,459 KRW 50
Economic Profit
Residual Income 8,959 KRW 8,726 KRW 7,208 KRW 76
ROIC Compounder 3,613 KRW 4,220 KRW 4,752 KRW 72
Growth Earnings
Growth-Adj P/E 3,544 KRW 5,063 KRW 6,582 KRW 68

Widest divergence: Asset-Based (8,347 KRW) versus Earnings-Based (2,533 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 104B KRW
Revenue growth (YoY) +6.5%
Net margin 3.2%
Return on equity 3.0%
Free cash flow −1.6B KRW FY2025
Operating margin 3.2%
More key figures
Dividend yield 2.4%
EPS growth (YoY) +193%
Net debt 8.9B KRW FY2025

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 63

Profitability 31
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 80
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

Shinhung Co., Ltd. manufactures, imports, and sells dental products and supplies in South Korea. Its products include implant systems; dental units and chairs; dental alloys, such as composition tables, crowns, and porcelain under the Goldenian brand name; prefabricates SS crowns; taurus, insert, and mobile cabinets; compressors and mixers; dental needles; …

Full company description

Shinhung Co., Ltd. manufactures, imports, and sells dental products and supplies in South Korea. Its products include implant systems; dental units and chairs; dental alloys, such as composition tables, crowns, and porcelain under the Goldenian brand name; prefabricates SS crowns; taurus, insert, and mobile cabinets; compressors and mixers; dental needles; dental porcelain powder and laboratory products; and disposable needles, dental operatories, and autoclaves and X-ray equipment. The company also offers loan services for dentists. Shinhung Co., Ltd. was founded in 1955 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

Shinhung Co reported revenue of 103B KRW in FY2025 versus 127B KRW in FY2021, a compound −5.2%/yr. Reported net income was 2.8B KRW in FY2025, compounding −32.3%/yr from FY2021.

Growth Quality 12/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
103B KRW
Latest YoY
+0.8%
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.
−4.6%
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.
−2.5%
Avg. growth/yr (25Y) 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.
+1.1%
Revenue −5.2%/yr
FY21 127B KRW
FY22 118B KRW
FY23 112B KRW
FY24 102B KRW
FY25 103B KRW
Net income −32.3%/yr
FY21 13.4B KRW
FY22 8.5B KRW
FY23 9.2B KRW
FY24 5.2B KRW
FY25 2.8B KRW

004080 screens 52% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Shinhung Co Fair Value". https://www.fairvalue-calculator.com/stock/004080

Peer Group

Medical Devices · 352 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 51 · Above median
Fair Value upside −52% · Below median
Return on equity (TTM) 3% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 7% · Above median
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.02× · Lower than median

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 0 · sector 0
FUTURE 33 · sector 29
PAST 12 · sector 8
HEALTH 99 · sector 97
DIVIDEND 51 · sector 38

VALUE 0: the price sits above our fair-value range.

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 Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
DexCom, Inc DXCM $74.96 $38.95 -48%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%

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Frequently asked questions

Is Shinhung Co (004080) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 6,704 KRW versus a price of 14,050 KRW, about −52% (overvalued).
What is the fair value of 004080?
Our model-based fair value for Shinhung Co is 6,704 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 14,050 KRW.
What is the quality score of 004080?
Shinhung Co has a Quality Score of 51/100. 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 Shinhung Co (004080)?
Shinhung Co reported trailing-twelve-month revenue of about 104B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 004080?
The net profit margin of Shinhung Co is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does Shinhung Co pay a dividend?
Shinhung Co currently shows a dividend yield of about 2.40% 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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