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Sebang Global Battery Co Ltd (004490) Fair Value & Analysis

Industrials · KR · Market cap 702B KRW (≈ $492M) · ISIN KR7004490009

SG Sebang Global Battery Co Ltd 004490 · KO
Price66,300 KRW
Fair Value185,804 KRW
Upside+180.3%
Quality54/100
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Strengths

Trades 64% below our fair value of 185,804 KRW
Low debt · generates free cash flow
Ranks above peers (8/10)

Risks

!Mixed Growth (revenue 5y +11.3 %/yr)
!Thin margins · 6.1% net margin
!Narrow moat 38/100
Mixed Growth (revenue 5y +11.3 %/yr)
Thin margins · 6.1% net margin
Low debt · generates free cash flow
4.92% dividend yield
Ranks above peers (8/10)
Narrow moat 38/100
Evidence: High Range 111,257 KRW – 236,122 KRW Share as image

Fair value as of: Aug 19, 2026

From 24 valuation models · updated 9 days ago

Share price +24.6% over the past month.

A solid business, trading 64% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (111,257 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (111,257 KRW to 236,122 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

110,564 KRW 32,952 KRW Fair Value 185,804 KRW Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 32,952 KRW – 110,564 KRW · fair‑value band 111,257 KRW – 236,122 KRW · the 66,300 KRW price screens below the 185,804 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Sebang Global Battery Co Ltd (004490) currently trades at 66,300 KRW, while our model-based Fair Value estimate is 185,804 KRW, implying the stock looks roughly 180.3% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sebang Global Battery Co Ltd generated revenue of 2.1T KRW at a net margin of 6.1%. Revenue declined 0.3% year over year. It earns a return on equity of 8.0%. Net debt stands at 24.1B KRW. Fundamentals as of Aug 19, 2026

Our scenario range runs from 111,257 KRW (bear case) to 236,122 KRW (bull case); at 66,300 KRW, the current price sits below 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 15% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -42% fair-value upside, at 180%, 004490 screens cheaper 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
Growth DCF 88,081 KRW 139,521 KRW 228,086 KRW 80
Residual Income 104,904 KRW 114,669 KRW 161,073 KRW 76
Rev-Margin DCF 107,339 KRW 176,083 KRW 259,743 KRW 74
All 24 models by family
DCF Models
FCF DCF 87,435 KRW 139,837 KRW 229,273 KRW 38
Owner Earnings 126,948 KRW 207,757 KRW 345,676 KRW 31
5Y Revenue Exit 107,339 KRW 177,759 KRW 271,418 KRW 39
5Y EBITDA Exit 125,915 KRW 214,230 KRW 321,893 KRW 41
5Y P/E Exit 145,387 KRW 252,459 KRW 370,748 KRW 38
10Y Revenue Exit 96,538 KRW 161,360 KRW 256,105 KRW 36
10Y EBITDA Exit 112,435 KRW 187,961 KRW 297,357 KRW 37
10Y P/E Exit 125,379 KRW 215,843 KRW 337,285 KRW 35
Earnings-Based
Graham-Dodd 71,854 KRW 277,102 KRW 375,622 KRW 54
Lynch FV 67,754 KRW 96,791 KRW 125,829 KRW 50
PEG = 1.0 67,754 KRW 96,791 KRW 125,829 KRW 46
EPV 109,254 KRW 125,967 KRW 140,823 KRW 59
Multiples
P/E Multiple 174,351 KRW 232,468 KRW 290,585 KRW 63
P/S Multiple 134,726 KRW 179,635 KRW 224,543 KRW 58
P/B Multiple 134,726 KRW 179,635 KRW 224,543 KRW 55
EV/EBIT 170,467 KRW 222,441 KRW 274,414 KRW 53
EV/EBITDA 157,299 KRW 204,884 KRW 252,468 KRW 54
EV/Revenue 119,648 KRW 164,692 KRW 209,736 KRW 43
Asset-Based
NCAV (Graham) 60,843 KRW 81,530 KRW 121,686 KRW 50
Growth DCF
Growth DCF 88,081 KRW 139,521 KRW 228,086 KRW 80
Rev-Margin DCF 107,339 KRW 176,083 KRW 259,743 KRW 74
Economic Profit
Residual Income 104,904 KRW 114,669 KRW 161,073 KRW 76
ROIC Compounder 109,254 KRW 130,423 KRW 169,529 KRW 72
Growth Earnings
Growth-Adj P/E 125,799 KRW 179,712 KRW 233,626 KRW 68

Widest divergence: DCF Models (187,961 KRW) versus Asset-Based (81,530 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.33 TTM
Dividend yield 4.9%
Net margin 6.6% FY2025
Return on equity 8.0% TTM
Return on assets (EBIT) 6.6% avg 5y
Operating margin 6.3% TTM
More key figures
Growth
Revenue (TTM) 2.1T KRW TTM
Revenue growth (YoY) -0.3% 3y avg +13.3%
EPS growth (YoY) -23.8%
Balance sheet & cash flow
Free cash flow 76.3B KRW FY2025
Net debt 24.1B KRW FY2025 · ≈ 0.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 48

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 74
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sebang Global Battery Co., Ltd., together with its subsidiaries, manufactures and sells lead acid batteries in South Korea and internationally. It offers automotive batteries; industrial batteries; motive batteries for use in golf carts and electric vehicles; and electric forklift batteries.

Full company description

Sebang Global Battery Co., Ltd., together with its subsidiaries, manufactures and sells lead acid batteries in South Korea and internationally. It offers automotive batteries; industrial batteries; motive batteries for use in golf carts and electric vehicles; and electric forklift batteries. The company sells its products through domestic sales channels, including agencies, direct sales, and institutional delivery; and direct and local exports. The company was formerly known as Global Battery Co., Ltd. and changed its name to Sebang Global Battery Co., Ltd. in September 2005. Sebang Global Battery Co., Ltd. was founded in 1952 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

Sebang Global Battery Co Ltd reported revenue of 2.1T KRW in FY2025 versus 1.4T KRW in FY2021, a compound +12.2%/yr. Reported net income was 141B KRW in FY2025, compounding +13.7%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.1T KRW
Latest YoY
+4.0%
Avg. revenue 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.
+13.3%
Avg. revenue 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.
+11.3%
Avg. revenue growth/yr (13Y) 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.
+7.4%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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% (13.1 + 5.1)
Revenue +12.2%/yr
FY21 1.4T KRW
FY22 1.5T KRW
FY23 1.7T KRW
FY24 2.1T KRW
FY25 2.1T KRW
Net income +13.7%/yr
FY21 84.3B KRW
FY22 42.8B KRW
FY23 117B KRW
FY24 169B KRW
FY25 141B KRW

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Cite: Fair Value Calculator (2026). "Sebang Global Battery Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/004490

Peer Group

Electrical Equipment & Parts · 552 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 54 · Above median
Fair Value upside +180% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/FCF 0.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 56
PAST32 · sector 26
HEALTH99 · sector 97
DIVIDEND80 · sector 21

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

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Frequently asked questions

Is Sebang Global Battery Co Ltd (004490) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 185,804 KRW versus a price of 66,300 KRW, about +180% (undervalued).
What is the fair value of 004490?
Our model-based fair value for Sebang Global Battery Co Ltd is 185,804 KRW (as of Aug 19, 2026), built from audited fundamentals. The current price: 66,300 KRW.
What is the quality score of 004490?
Sebang Global Battery Co Ltd has a Quality Score of 54/100. 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 Sebang Global Battery Co Ltd (004490)?
Sebang Global Battery Co Ltd reported trailing-twelve-month revenue of about 2.1T KRW (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 004490?
The net profit margin of Sebang Global Battery Co Ltd is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.
Does Sebang Global Battery Co Ltd pay a dividend?
Sebang Global Battery Co Ltd currently shows a dividend yield of about 5.09% relative to its recent price (as of Aug 19, 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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