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Sungshin Cement Co (004980) Fair Value & Analysis

Basic Materials · KR · Market cap 201B KRW

SC Sungshin Cement Co 004980 · KO
Price8,050 KRW
Fair Value11,767 KRW
Upside+46.2%
Quality49/100
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Mixed Growth
Thin margins · 2.3% net margin
Low debt · generates free cash flow
4.50% dividend yield
Ranks above peers (6/10)
Narrow moat 27/100
Evidence: High Range 8,826 KRW – 14,709 KRW Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 18,318 KRW to 11,767 KRW (−35.8%) since Jun 25, 2026. Share price −13.1% over the past month.

Below-average quality, screening 46% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (8,826 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

15,729 KRW 6,368 KRW Fair Value 11,767 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 6,368 KRW – 15,729 KRW · fair‑value band 8,826 KRW – 14,709 KRW · the 8,050 KRW price screens below the 11,767 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Sungshin Cement Co (004980) currently trades at 8,050 KRW, while our model-based Fair Value estimate is 11,767 KRW, implying the stock looks roughly 46.2% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Basic Materials 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, Sungshin Cement Co generated revenue of 1.3T KRW at a net margin of 2.3%. Revenue grew 24.7% year over year. It earns a return on equity of 5.2%. Net debt stands at 382B KRW. Fundamentals as of Jul 23, 2026

Our scenario range runs from 8,826 KRW (bear case) to 14,709 KRW (bull case); at 8,050 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 47% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 46%, 004980 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 37,348 KRW 56,712 KRW 85,481 KRW 80
Residual Income 18,655 KRW 18,755 KRW 17,689 KRW 76
Rev-Margin DCF 21,406 KRW 32,007 KRW 44,118 KRW 74
All 24 models by family
DCF Models
FCF DCF 36,394 KRW 57,787 KRW 91,386 KRW 38
Owner Earnings 10,877 KRW 18,026 KRW 29,252 KRW 31
5Y Revenue Exit 21,406 KRW 31,553 KRW 43,981 KRW 39
5Y EBITDA Exit 28,610 KRW 44,831 KRW 63,283 KRW 41
5Y P/E Exit 19,113 KRW 27,327 KRW 35,563 KRW 38
10Y Revenue Exit 25,823 KRW 36,334 KRW 49,504 KRW 36
10Y EBITDA Exit 31,009 KRW 45,691 KRW 64,372 KRW 37
10Y P/E Exit 24,853 KRW 33,356 KRW 43,019 KRW 35
Earnings-Based
Graham-Dodd 7,327 KRW 21,093 KRW 27,826 KRW 54
Lynch FV 4,345 KRW 6,207 KRW 8,069 KRW 50
PEG = 1.0 4,345 KRW 6,207 KRW 8,069 KRW 46
EPV 14,367 KRW 17,242 KRW 19,798 KRW 59
Multiples
P/E Multiple 13,739 KRW 18,318 KRW 22,898 KRW 63
P/S Multiple 13,739 KRW 18,318 KRW 22,898 KRW 58
P/B Multiple 13,739 KRW 18,318 KRW 22,898 KRW 55
EV/EBIT 17,082 KRW 23,418 KRW 29,754 KRW 53
EV/EBITDA 28,013 KRW 37,993 KRW 47,973 KRW 54
EV/Revenue 14,548 KRW 21,608 KRW 28,668 KRW 43
Asset-Based
NCAV (Graham) 12,172 KRW 16,310 KRW 24,343 KRW 50
Growth DCF
Growth DCF 37,348 KRW 56,712 KRW 85,481 KRW 80
Rev-Margin DCF 21,406 KRW 32,007 KRW 44,118 KRW 74
Economic Profit
Residual Income 18,655 KRW 18,755 KRW 17,689 KRW 76
ROIC Compounder 14,367 KRW 17,242 KRW 19,798 KRW 72
Growth Earnings
Growth-Adj P/E 11,313 KRW 16,162 KRW 21,011 KRW 68

Widest divergence: DCF Models (33,356 KRW) versus Earnings-Based (6,207 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.3T KRW
Revenue growth (YoY) +24.7%
Net margin 2.3%
Return on equity 5.2%
Free cash flow 78.7B KRW FY2025
Operating margin 0.3%
More key figures
Dividend yield 4.5%
EPS growth (YoY) +120%
Net debt 382B KRW FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 25

Profitability 34
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sungshin Cement Co., Ltd manufactures and sells cement and ready mixed concrete products in South Korea and internationally. The company offers portland, portland blast-furnace slag, PHC pile, and class-A crude steel portland cement; ready-mixed concrete; and slag fine powder and cement, and special cement.

Full company description

Sungshin Cement Co., Ltd manufactures and sells cement and ready mixed concrete products in South Korea and internationally. The company offers portland, portland blast-furnace slag, PHC pile, and class-A crude steel portland cement; ready-mixed concrete; and slag fine powder and cement, and special cement. It also engages in the cargo transportation, port loading and unloading work, storage, international logistics, logistics consulting, and energy business; and trading and distribution of non-ferrous metals, ores, precious metals, and construction materials. In addition, the company provides environmental pollution and preserving natural resources services. The company was formerly known as Sungshin Cement Manufacturing Co., Ltd. Sungshin Cement Co., Ltd was founded in 1967 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

Sungshin Cement Co reported revenue of 1.2T KRW in FY2025 versus 834B KRW in FY2021, a compound +9.9%/yr. Reported net income was 26.0B KRW in FY2025, compounding +41.7%/yr from FY2021.

Growth Quality 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.2T KRW
Latest YoY
+4.6%
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.
+5.7%
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.
+11.0%
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.
+3.6%
Revenue +9.9%/yr
FY21 834B KRW
FY22 1.0T KRW
FY23 1.1T KRW
FY24 1.2T KRW
FY25 1.2T KRW
Net income +41.7%/yr
FY21 6.4B KRW
FY22 −26.6B KRW
FY23 66.7B KRW
FY24 45.2B KRW
FY25 26.0B KRW

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Cite: Fair Value Calculator (2026). "Sungshin Cement Co Fair Value". https://www.fairvalue-calculator.com/stock/004980

Peer Group

Building Materials · 253 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 49 · Below median
Fair Value upside +46% · Top 25%
Return on equity (TTM) 5% · Above median
Return on assets 2% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 25% · Top 25%
Dividend yield (TTM) 4.5% · Above median
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Building Materials 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.

VALUE 95 · sector 27
FUTURE 100 · sector 2
PAST 21 · sector 15
HEALTH 90 · sector 92
DIVIDEND 90 · sector 42

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Sungshin Cement Co (004980) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 11,767 KRW versus a price of 8,050 KRW, about +46% (undervalued).
What is the fair value of 004980?
Our model-based fair value for Sungshin Cement Co is 11,767 KRW (as of Jul 23, 2026), built from audited fundamentals. The current price is 8,050 KRW.
What is the quality score of 004980?
Sungshin Cement Co 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 revenue of Sungshin Cement Co (004980)?
Sungshin Cement Co reported trailing-twelve-month revenue of about 1.3T KRW (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 004980?
The net profit margin of Sungshin Cement Co is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Sungshin Cement Co pay a dividend?
Sungshin Cement Co currently shows a dividend yield of about 4.25% relative to its recent price (as of Jul 23, 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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