Sebang (004360) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sebang stock KRW 20,629, price KRW 11,940, upside +72.8%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 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 6, 2026.
How to read this chart
60‑month range 9,109 KRW – 48,210 KRW · fair‑value band 14,017 KRW – 28,791 KRW · the 11,940 KRW price screens below the 20,629 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Sebang Co., Ltd provides integrated logistics services in Korea. It offers container land transport services through a fleet of 213x tractors and 1,068x trailers; and cargo transport services through a fleet of 16 container yards and 5 railroad container depots.
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The company also offers heavy cargo loading, installation, and marine transport services; and third-party logistics services. In addition, it operates London metal exchange warehouses. Sebang Co., Ltd was founded in 1965 and is headquartered in Seoul, South Korea.
Stock analysis
Sebang (004360) currently trades at 11,940 KRW, while our model-based Fair Value estimate is 20,629 KRW, implying the stock looks roughly 42% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 60,545 KRW per share, and 23 of the 25 models we run sit above the 11,940 KRW price.
Bear case: the Dividend Discount group reads lowest at 3,228 KRW, and 2 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 14,017 KRW (bear) to 28,791 KRW (bull), the price of 11,940 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 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sebang reported revenue of 1.2T KRW in FY2025 versus 1.1T KRW in FY2021, a compound +4.1%/yr. Reported net income was 65.7B KRW in FY2025, compounding +5.8%/yr from FY2021.
Key figures
Market cap 281B KRW (≈ $207M) Micro · P/E ratio 6.4 · P/S ratio 0.23 · EPS (TTM) 1,996 KRW · Dividend yield 2.5% · Net margin 5.2% · Return on equity 5.1% · Return on assets (EBIT) 2.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 73%, 004360 screens cheaper than that median.
Fair Value models
Bear14,017 KRWFair Value 20,629 KRWBull28,791 KRW
Price 11,940 KRW · Upside +72.8%
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 (1,455 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.
Best data coverage
FCF DCF11,902 KRW14,306 KRW16,966 KRW82
Growth DCF11,983 KRW14,151 KRW16,453 KRW80
Owner Earnings24,659 KRW30,473 KRW36,909 KRW78
All 25 models by family
DCF Models
FCF DCF11,902 KRW14,306 KRW16,966 KRW82
Owner Earnings24,659 KRW30,473 KRW36,909 KRW78
5Y Revenue Exit14,216 KRW19,939 KRW26,952 KRW73
5Y EBITDA Exit24,080 KRW37,368 KRW52,225 KRW75
5Y P/E Exit32,837 KRW52,841 KRW72,770 KRW71
10Y Revenue Exit12,716 KRW16,940 KRW22,086 KRW68
10Y EBITDA Exit18,023 KRW26,524 KRW37,020 KRW68
10Y P/E Exit22,491 KRW35,033 KRW49,159 KRW64
Earnings-Based
Graham-Dodd24,356 KRW55,755 KRW71,494 KRW65
PEG = 1.09,302 KRW13,288 KRW17,275 KRW57
EPV12,385 KRW13,434 KRW14,272 KRW74
Dividend Discount
Gordon GGM2,368 KRW3,334 KRW4,142 KRW69
DDM Multi-Stage2,368 KRW3,122 KRW3,771 KRW67
Multiples
P/E Multiple56,413 KRW75,217 KRW94,022 KRW63
P/S Multiple45,668 KRW60,890 KRW76,113 KRW58
P/B Multiple13,282 KRW17,710 KRW22,137 KRW55
EV/EBIT19,619 KRW26,349 KRW33,079 KRW66
EV/EBITDA36,573 KRW48,955 KRW61,336 KRW67
EV/Revenue13,839 KRW20,015 KRW26,191 KRW53
Asset-Based
NCAV (Graham)32,049 KRW42,946 KRW64,098 KRW54
Growth DCF
Growth DCF11,983 KRW14,151 KRW16,453 KRW80
Rev-Margin DCF14,216 KRW20,061 KRW26,278 KRW73
Economic Profit
Residual Income44,485 KRW43,959 KRW45,107 KRW76
ROIC Compounder12,385 KRW13,434 KRW14,272 KRW72
Growth Earnings
Growth-Adj P/E42,382 KRW60,545 KRW78,709 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−9.6%
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.
−1.3%
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.
+8.1%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 25 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.
+3.8%
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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.
+18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.7%
Dividend (yield on the price)2.5%
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.2% → 2%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+8.8%
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 +6.5% 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.Integrated Freight & Logistics · 210 stocks
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). "Sebang Fair Value". https://www.fairvalue-calculator.com/stock/004360
Frequently asked questions
Is Sebang (004360) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 20,629 KRW versus a price of 11,940 KRW, about +73% upside (undervalued).
What is the fair value of 004360?
Our model-based fair value for Sebang is 20,629 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 11,940 KRW.
What is the quality score of 004360?
Sebang has a Quality Score of 49/100. 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 Sebang (004360)?
Our model-based price target is the fair value of 20,629 KRW (as of Nov 6, 2026) from 25 valuation models. Cautious scenario 14,017 KRW, optimistic scenario 28,791 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sebang stock forecast for 2026?
Our models put fair value at 20,629 KRW, about +73% upside versus a price of 11,940 KRW (undervalued). Cautious scenario 14,017 KRW, optimistic scenario 28,791 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sebang (004360)?
Sebang reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Nov 6, 2026).
Does Sebang pay a dividend?
Sebang currently shows a dividend yield of 2.51% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Sebang (004360) and when is the ex-dividend date?
Sebang pays a dividend of 300.00 KRW per share a year, a dividend yield of 2.5%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since at least 1996. The payout ratio is 15.0% of earnings. Free cash flow covers the dividend 3.36 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sebang (004360)?
For today's price to be fair in a discounted-cash-flow model, Sebang would have to grow free cash flow by +8.8 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 004360 use?
Our models discount Sebang at 13.6 %: a base by market capitalisation (micro), damped by beta 1.12, 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 Sebang that is +8.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has Sebang (004360) delivered so far?
Over the past 5 years revenue at Sebang grew +8.1 % a year. The price currently implies free-cash-flow growth of +8.8 % 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 Sebang (004360) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Sebang (+8.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sebang (004360)?
The free-cash-flow yield on the price is 8.44 %: that much free cash flow Sebang produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sebang (004360)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sebang it is 20,629 KRW per share (as of Nov 6, 2026), against a price of 11,940 KRW. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sebang stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 004360 trades below its calculated fair value: price 11,940 KRW, fair value 20,629 KRW, a gap of about +73% (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 004360?
No. The price is what the market pays today (11,940 KRW); the fair value is what the company's own numbers justify (20,629 KRW). For Sebang the two are 8,689 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sebang worth?
The market values Sebang at about 281B KRW (market capitalisation, as of Nov 6, 2026). Per share that is 11,940 KRW; our models calculate a fair value of 20,629 KRW per share.
What do the bullish and bearish scenarios say about 004360?
Our models span a range for Sebang: cautious scenario 14,017 KRW, base 20,629 KRW, optimistic 28,791 KRW per share (as of Nov 6, 2026, price 11,940 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 004360?
Sebang trades at a price-to-earnings ratio of 6.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20,629 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 5.3. Other multiples: P/B 0.2, P/S 0.2, EV/EBITDA 3.7.
How solid is the balance sheet of Sebang (004360)?
Balance-sheet figures for Sebang (as of Nov 6, 2026): return on equity 5.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 004360 from its 52-week high?
Sebang trades at 11,940 KRW, about 28% below its 52-week high of 16,690 KRW and 1% above the low of 11,820 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 20,629 KRW is for.
Which stocks are comparable to Sebang?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, 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 Sebang stock attractive at the current price?
The data as of Nov 6, 2026: price 11,940 KRW, calculated fair value 20,629 KRW (+73%), Quality Score 49/100, from 25 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 004360 calculated?
We run Sebang through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 20,629 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 13.3% above its aggregate fair value. Sebang currently trades 42% 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 Sebang (004360)?
The closing price on Nov 6, 2026 was 11,940 KRW. Our model-based fair value is 20,629 KRW, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sebang right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (14,017 KRW). The market is more pessimistic than our downside scenario. A fairly wide model range (14,017 KRW to 28,791 KRW) leaves room in how you read the outcome.
Key figures of Sebang
How large is the market capitalisation of Sebang (004360)?
The market capitalisation of Sebang is 281B KRW (≈ $207M). 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 Sebang (004360)?
The price-to-sales ratio of Sebang is 0.23 (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 Sebang (004360)?
Earnings per share at Sebang are 1,996 KRW (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sebang (004360)?
The dividend yield of Sebang is 2.5% (payout 15.0%). 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 Sebang (004360)?
The net margin of Sebang is 5.2% (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 Sebang (004360)?
The return on equity (ROE) of Sebang is 5.1% (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 Sebang (004360)?
On an EBIT basis the return on assets of Sebang is 2.3% (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 Sebang (004360)?
The operating margin of Sebang is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sebang (004360)?
Revenue at Sebang is growing −5.9% versus a year earlier (3y avg −1.3%). 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 Sebang (004360)?
Earnings per share at Sebang are growing +5.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sebang (004360) carry?
The net debt of Sebang is 10.5B KRW (fiscal year 2025, ≈ 0.6 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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Broad data
Nov 6, 2026