EN DE

Sunny Electronics Corp (004770) Fair Value & Analysis

Technology · KR · Market cap 57.8B KRW

SE Sunny Electronics Corp 004770 · KO
Price1,708 KRW
Fair Value1,032 KRW
Upside-39.6%
Quality67/100
Watch Sunny Electronics Corp for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Highly profitable · 35.2% net margin
Low debt · generates free cash flow
2.10% dividend yield
Ranks above peers (9/11)
Moderate moat 53/100
Evidence: High Range 799.97 KRW – 1,404 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 1,030 KRW to 1,032 KRW (+0.2%) since Jun 25, 2026. Share price +5.7% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1,404 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

6,307 KRW 1,306 KRW Fair Value 1,032 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 1,306 KRW – 6,307 KRW · fair‑value band 799.97 KRW – 1,404 KRW · the 1,708 KRW price screens above the 1,032 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.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Sunny Electronics Corp (004770) currently trades at 1,708 KRW, while our model-based Fair Value estimate is 1,032 KRW, implying the stock looks roughly 39.6% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Technology 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: high).

Over the trailing twelve months, Sunny Electronics Corp generated revenue of 13.9B KRW at a net margin of 35.2%. Revenue declined 20.6% year over year. It earns a return on equity of 6.6%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 799.97 KRW (bear case) to 1,404 KRW (bull case); at 1,708 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 16% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -40%, 004770 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 996.86 KRW 1,407 KRW 2,108 KRW 80
Residual Income 1,794 KRW 1,786 KRW 1,637 KRW 76
Rev-Margin DCF 603.09 KRW 889.42 KRW 1,248 KRW 74
All 22 models by family
DCF Models
FCF DCF 946.77 KRW 1,369 KRW 2,152 KRW 38
Owner Earnings 895.28 KRW 1,298 KRW 2,043 KRW 31
5Y Revenue Exit 603.09 KRW 864.19 KRW 1,242 KRW 39
5Y EBITDA Exit 658.31 KRW 959.79 KRW 1,359 KRW 41
5Y P/E Exit 1,091 KRW 1,709 KRW 2,448 KRW 38
10Y Revenue Exit 714.87 KRW 921.73 KRW 1,136 KRW 36
10Y EBITDA Exit 763.24 KRW 980.85 KRW 1,205 KRW 37
10Y P/E Exit 1,026 KRW 1,444 KRW 1,844 KRW 35
Earnings-Based
Graham-Dodd 694.72 KRW 849.10 KRW 955.24 KRW 54
EPV 169.29 KRW 219.06 KRW 262.61 KRW 59
Multiples
P/E Multiple 1,532 KRW 2,043 KRW 2,554 KRW 63
P/S Multiple 652.71 KRW 870.28 KRW 1,088 KRW 58
P/B Multiple 1,303 KRW 1,737 KRW 2,171 KRW 55
EV/EBIT 707.50 KRW 986.44 KRW 1,265 KRW 53
EV/EBITDA 580.03 KRW 816.47 KRW 1,053 KRW 54
EV/Revenue 434.77 KRW 676.51 KRW 918.25 KRW 43
Asset-Based
NCAV (Graham) 1,194 KRW 1,600 KRW 2,388 KRW 50
Growth DCF
Growth DCF 996.86 KRW 1,407 KRW 2,108 KRW 80
Rev-Margin DCF 603.09 KRW 889.42 KRW 1,248 KRW 74
Economic Profit
Residual Income 1,794 KRW 1,786 KRW 1,637 KRW 76
ROIC Compounder 169.29 KRW 219.06 KRW 262.61 KRW 72
Growth Earnings
Growth-Adj P/E 1,084 KRW 1,549 KRW 2,013 KRW 68

Widest divergence: Asset-Based (1,600 KRW) versus Earnings-Based (219.06 KRW). Highest evidence: Growth DCF (80).

Notify me when 004770 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 13.9B KRW
Revenue growth (YoY) -20.6%
Net margin 35.2%
Return on equity 6.6%
Free cash flow 3.9B KRW FY2025
Operating margin 15.4%
More key figures
Dividend yield 2.1%
EPS growth (YoY) -31.6%

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 66 · Market factors (momentum, volatility) 49

Profitability 36
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 86
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

Sunny Electronics Corp., together with its subsidiaries, manufactures and sells crystal oscillator products in South Korea. It offers crystal units, crystal and MEMS oscillators, filters, VCXO oscillators, and TCXO and VCTCXO oscillators. The company was formerly known as Sunny Electric Engineering Co., Ltd. and changed its name to Sunny Electronics Corp.

Full company description

Sunny Electronics Corp., together with its subsidiaries, manufactures and sells crystal oscillator products in South Korea. It offers crystal units, crystal and MEMS oscillators, filters, VCXO oscillators, and TCXO and VCTCXO oscillators. The company was formerly known as Sunny Electric Engineering Co., Ltd. and changed its name to Sunny Electronics Corp. in March 1999. Sunny Electronics Corp. was founded in 1966 and is headquartered in Chungju-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sunny Electronics Corp reported revenue of 12.4B KRW in FY2025 versus 16.4B KRW in FY2021, a compound −6.8%/yr. Reported net income was 3.6B KRW in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
12.4B KRW
Latest YoY
−3.5%
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.
−10.8%
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.
−5.5%
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.
−7.2%
Revenue −6.8%/yr
FY21 16.4B KRW
FY22 17.4B KRW
FY23 12.8B KRW
FY24 12.8B KRW
FY25 12.4B KRW
Net income −5.3%/yr
FY21 4.5B KRW
FY22 5.0B KRW
FY23 3.9B KRW
FY24 4.4B KRW
FY25 3.6B KRW

004770 screens 40% overvalued. Compare with Delta Electronics, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Sunny Electronics Corp Fair Value". https://www.fairvalue-calculator.com/stock/004770

Peer Group

Electronic Components · 625 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 67 · Top 25%
Fair Value upside −40% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 1% · Below median
Net margin (TTM) 35% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -21% · Bottom 25%
Dividend yield (TTM) 2.1% · Above median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 3.0× · 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.

VALUE 0 · sector 0
FUTURE 0 · sector 32
PAST 26 · sector 24
HEALTH 95 · sector 95
DIVIDEND 42 · sector 25

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

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

Compare Sunny Electronics Corp with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Sunny Electronics Corp (004770) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 1,032 KRW versus a price of 1,708 KRW, about −40% (overvalued).
What is the fair value of 004770?
Our model-based fair value for Sunny Electronics Corp is 1,032 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 1,708 KRW.
What is the quality score of 004770?
Sunny Electronics Corp has a Quality Score of 67/100. 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 Sunny Electronics Corp (004770)?
Sunny Electronics Corp reported trailing-twelve-month revenue of about 13.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 004770?
The net profit margin of Sunny Electronics Corp is about 35.2%, meaning it keeps roughly 35.2% of revenue as net income. Based on the latest reported figures.
Does Sunny Electronics Corp pay a dividend?
Sunny Electronics Corp currently shows a dividend yield of about 2.13% 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.

14 days Pro free · no card

Track Sunny Electronics Corp and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.