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SHINSEGAE Inc (004170) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 5.3T KRW

SI SHINSEGAE Inc 004170 · KO
Price420,000 KRW
Fair Value200,259 KRW
Upside-52.3%
Quality51/100
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Healthy Growth
Thin margins · 1.1% net margin
Moderate debt · generates free cash flow
0.22% dividend yield
Mixed vs. peers (5/11)
Narrow moat 30/100
Evidence: Medium Range 93,411 KRW – 223,732 KRW Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from 288,803 KRW to 200,259 KRW (−30.7%) since Jun 25, 2026. Share price −32.8% 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 (223,732 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.
  • A fairly wide model range (93,411 KRW to 223,732 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

776,000 KRW 119,861 KRW Fair Value 200,259 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 119,861 KRW – 776,000 KRW · fair‑value band 93,411 KRW – 223,732 KRW · the 420,000 KRW price screens above the 200,259 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

SHINSEGAE Inc (004170) currently trades at 420,000 KRW, while our model-based Fair Value estimate is 200,259 KRW, implying the stock looks roughly 52.3% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical 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, SHINSEGAE Inc generated revenue of 7.1T KRW at a net margin of 1.1%. Revenue grew 10.9% year over year. It earns a return on equity of 2.0%. Net debt stands at 3.7T KRW. Fundamentals as of Jul 15, 2026

Our scenario range runs from 93,411 KRW (bear case) to 223,732 KRW (bull case); at 420,000 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 42% below its 52-week high and 166% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at -52%, 004170 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 BearBaseBull Evidence
Highest evidence
Growth DCF 484,140 KRW 793,381 KRW 1,246,500 KRW 80
Residual Income 347,217 KRW 323,680 KRW 226,088 KRW 76
Rev-Margin DCF 352,576 KRW 632,717 KRW 942,910 KRW 74
All 24 models by family
DCF Models
FCF DCF 465,739 KRW 802,447 KRW 1,321,030 KRW 38
5Y Revenue Exit 352,576 KRW 627,134 KRW 967,740 KRW 39
5Y EBITDA Exit 627,057 KRW 1,125,487 KRW 1,693,027 KRW 41
5Y P/E Exit 58,176 KRW 92,615 KRW 122,733 KRW 38
10Y Revenue Exit 371,723 KRW 631,503 KRW 960,247 KRW 36
10Y EBITDA Exit 563,949 KRW 979,898 KRW 1,511,298 KRW 37
10Y P/E Exit 197,354 KRW 257,825 KRW 318,236 KRW 35
Earnings-Based
Graham-Dodd 10,809 KRW 28,661 KRW 37,457 KRW 54
PEG = 1.0 5,530 KRW 7,900 KRW 10,270 KRW 46
EPV 315,357 KRW 402,390 KRW 479,753 KRW 59
Dividend Discount
Gordon GGM 94,450 KRW 204,913 KRW 346,941 KRW 70
DDM Multi-Stage 94,450 KRW 148,950 KRW 210,006 KRW 61
Multiples
P/E Multiple 26,228 KRW 34,971 KRW 43,714 KRW 63
P/S Multiple 20,267 KRW 27,023 KRW 33,779 KRW 58
P/B Multiple 20,267 KRW 27,023 KRW 33,779 KRW 55
EV/EBIT 561,950 KRW 808,543 KRW 1,055,136 KRW 53
EV/EBITDA 830,138 KRW 1,166,126 KRW 1,502,115 KRW 54
EV/Revenue 320,837 KRW 534,551 KRW 748,265 KRW 43
Asset-Based
NCAV (Graham) 254,077 KRW 340,463 KRW 508,154 KRW 50
Growth DCF
Growth DCF 484,140 KRW 793,381 KRW 1,246,500 KRW 80
Rev-Margin DCF 352,576 KRW 632,717 KRW 942,910 KRW 74
Economic Profit
Residual Income 347,217 KRW 323,680 KRW 226,088 KRW 76
ROIC Compounder 315,357 KRW 402,390 KRW 479,753 KRW 72
Growth Earnings
Growth-Adj P/E 20,498 KRW 29,283 KRW 38,068 KRW 68

Widest divergence: Growth DCF (632,717 KRW) versus Earnings-Based (28,661 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 7.1T KRW
Revenue growth (YoY) +10.9%
Net margin 1.1%
Return on equity 2.0%
Free cash flow 490B KRW FY2025
Operating margin 10.7%
More key figures
Dividend yield 0.2%
EPS growth (YoY) +109%
Net debt 3.7T KRW FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 49 · Market factors (momentum, volatility) 64

Profitability 24
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 100
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

SHINSEGAE Inc. operates department stores in South Korea. The company operates through Department Store, Wholesale and Retail Industry, Real Estate Industry, Terminal industry, Hospitality, Duty-Free Store, and Others segments.

Full company description

SHINSEGAE Inc. operates department stores in South Korea. The company operates through Department Store, Wholesale and Retail Industry, Real Estate Industry, Terminal industry, Hospitality, Duty-Free Store, and Others segments. It also manufactures and retails clothing and furniture; manufactures, retails, and distributes cosmetics; develops and leases real estate properties and vehicle terminal; offers advisory and online retail services; and operates duty-free stores. In addition, the company engages in the information and communication, trading, broadcast program production and supply; financial investment, and hotel businesses. SHINSEGAE Inc. 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

SHINSEGAE Inc reported revenue of 6.9T KRW in FY2025 versus 6.3T KRW in FY2021, a compound +2.3%/yr. Reported net income was 13.9B KRW in FY2025, compounding −53.8%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.9T KRW
Latest YoY
+5.5%
Avg. growth/yr (3Y)
−3.9%
Avg. growth/yr (5Y)
+7.8%
Avg. growth/yr (25Y)
+2.5%
Revenue +2.3%/yr
FY21 6.3T KRW
FY22 7.8T KRW
FY23 6.4T KRW
FY24 6.6T KRW
FY25 6.9T KRW
Net income −53.8%/yr
FY21 307B KRW
FY22 406B KRW
FY23 225B KRW
FY24 108B KRW
FY25 13.9B KRW

004170 screens 52% overvalued. Compare with Falabella S.A →

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Cite: Fair Value Calculator (2026). "SHINSEGAE Inc Fair Value". https://www.fairvalue-calculator.com/stock/004170

Peer Group

Department Stores · 127 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 · Below median
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 11% · Above median
Revenue growth 11% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Department Stores median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.5× · Cheaper than 75% of peers

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 26
FUTURE 55 · sector 2
PAST 8 · sector 16
HEALTH 73 · sector 96
DIVIDEND 4 · sector 37

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 Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%
PT Daya Intiguna Yasa Tbk MDIY 1,005 IDR 880.69 IDR -12%

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Frequently asked questions

Is SHINSEGAE Inc (004170) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 200,259 KRW versus a price of 420,000 KRW, about −52% (overvalued).
What is the fair value of 004170?
Our model-based fair value for SHINSEGAE Inc is 200,259 KRW (as of Jul 15, 2026), built from audited fundamentals. The current price is 420,000 KRW.
What is the quality score of 004170?
SHINSEGAE Inc 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 SHINSEGAE Inc (004170)?
SHINSEGAE Inc reported trailing-twelve-month revenue of about 7.1T KRW (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 004170?
The net profit margin of SHINSEGAE Inc is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does SHINSEGAE Inc pay a dividend?
SHINSEGAE Inc currently shows a dividend yield of about 0.20% relative to its recent price (as of Jul 15, 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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