SL Corp (005850) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of SL Corp stock KRW 65,181, price KRW 45,400, upside +43.6%, quality 60 out of 100. Rating: undervalued. Calculated from audited financials with 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 19,562 KRW – 76,200 KRW · fair‑value band 44,084 KRW – 84,736 KRW · the 45,400 KRW price screens below the 65,181 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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SL Corporation manufactures and sells automotive parts in South Korea, North America, China, India, Europe, South America, and internationally.
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The company offers lamp system products, such as head lamps, fog lamps, rear lamps, and center high mounted stop lamps; electrification modules, including auto and manual shifters, park brake levers, pedals, carrier spare tires, fuel filler caps, and tie rod ends; mirror system products, such as outside and inside mirrors; and front-end module parts, such as cooling products, horns, bumper beams, hood-latches, and sensors, as well as integrating sensor fusion products, battery management systems, and side body control modules.
It also provides sales technical support services and solar power generation. The company was founded in 1954 and is headquartered in Daegu, South Korea.
Stock analysis
SL Corp (005850) currently trades at 45,400 KRW, while our model-based Fair Value estimate is 65,181 KRW, implying the stock looks roughly 30% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 142,085 KRW per share, and 22 of the 26 models we run sit above the 45,400 KRW price.
Bear case: the Dividend Discount group reads lowest at 16,032 KRW, and 4 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 44,084 KRW (bear) to 84,736 KRW (bull), the price of 45,400 KRW sits inside 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 60/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SL Corp reported revenue of 5.2T KRW in FY2025 versus 3.0T KRW in FY2021, a compound +15.0%/yr. Reported net income was 311B KRW in FY2025, compounding +34.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 2.1T KRW (≈ $1.5B) Small · P/E ratio 5.4 · P/S ratio 0.40 · EPS (TTM) 8,278 KRW · Dividend yield 6.1% · Net margin 7.0% · Return on equity 15.0% · Return on assets (EBIT) 8.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 44%, 005850 screens cheaper than that median.
Fair Value models
Bear44,084 KRWFair Value 65,181 KRWBull84,736 KRW
Price 45,400 KRW · Upside +43.6%
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 (4,723 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.
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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.4%
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.
+7.9%
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.
+15.9%
Start year 2020 (pandemic). Over 10 years: +14.1% a year
Revenue growth 26 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.
+12.9%
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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.
+35.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.6%
Dividend (yield on the price)6.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.29.6% vs 4.3%, picking up
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.4% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−7.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −9.4% a year for the price and +5.2% for the forecasts.
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.Auto Parts · 655 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+38.5% · Above median
Profitability
Return on equity (12 months)15.0% · Top 25%
Return on assets7.8% · Top 25%
Net margin (12 months)7.0% · Above median
Operating margin (12 months)9.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.6% · Below median
Dividend yield (12 months)6.1% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
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). "SL Corp Fair Value". https://www.fairvalue-calculator.com/stock/005850
Frequently asked questions
Is SL Corp (005850) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 65,181 KRW versus a price of 45,400 KRW, about +44% upside (undervalued).
What is the fair value of 005850?
Our model-based fair value for SL Corp is 65,181 KRW (as of Nov 6, 2026), built from audited fundamentals. The current price: 45,400 KRW.
What is the quality score of 005850?
SL Corp has a Quality Score of 60/100. 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 SL Corp (005850)?
Our model-based price target is the fair value of 65,181 KRW (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 44,084 KRW, optimistic scenario 84,736 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the SL Corp stock forecast for 2026?
Our models put fair value at 65,181 KRW, about +44% upside versus a price of 45,400 KRW (undervalued). Cautious scenario 44,084 KRW, optimistic scenario 84,736 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of SL Corp (005850)?
SL Corp reported trailing-twelve-month revenue of about 5.5T KRW (latest available figure, as of Nov 6, 2026).
Does SL Corp pay a dividend?
SL Corp currently shows a dividend yield of 6.10% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of SL Corp (005850) and when is the ex-dividend date?
SL Corp pays a dividend of 2,770 KRW per share a year, a dividend yield of 6.1%. The last ex-dividend date was Mar 19, 2026. The payout ratio is 33.5% of earnings. Free cash flow covers the dividend 2.41 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 SL Corp (005850)?
For today's price to be fair in a discounted-cash-flow model, SL Corp would have to grow free cash flow by -7.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 005850 use?
Our models discount SL Corp at 11.8 %: a base by market capitalisation (small), damped by beta 1.05, 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 SL Corp that is -7.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has SL Corp (005850) delivered so far?
Over the past 5 years revenue at SL Corp grew +15.9 % a year. The price currently implies free-cash-flow growth of -7.5 % 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 SL Corp (005850) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into SL Corp (-7.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SL Corp (005850)?
The free-cash-flow yield on the price is 14.72 %: that much free cash flow SL Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SL Corp (005850)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SL Corp it is 65,181 KRW per share (as of Nov 6, 2026), against a price of 45,400 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is SL Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 005850 trades below its calculated fair value: price 45,400 KRW, fair value 65,181 KRW, a gap of about +44% (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 005850?
No. The price is what the market pays today (45,400 KRW); the fair value is what the company's own numbers justify (65,181 KRW). For SL Corp the two are 19,781 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is SL Corp worth?
The market values SL Corp at about 2.1T KRW (market capitalisation, as of Nov 6, 2026). Per share that is 45,400 KRW; our models calculate a fair value of 65,181 KRW per share.
What do the bullish and bearish scenarios say about 005850?
Our models span a range for SL Corp: cautious scenario 44,084 KRW, base 65,181 KRW, optimistic 84,736 KRW per share (as of Nov 6, 2026, price 45,400 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 005850?
SL Corp trades at a price-to-earnings ratio of 5.4 (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 65,181 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 7.7. Other multiples: P/B 0.9, P/S 0.4, EV/EBITDA 2.8.
How solid is the balance sheet of SL Corp (005850)?
Balance-sheet figures for SL Corp (as of Nov 6, 2026): return on equity 15.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 005850 from its 52-week high?
SL Corp trades at 45,400 KRW, about 40% below its 52-week high of 76,200 KRW and 38% above the low of 32,907 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 65,181 KRW is for.
Which stocks are comparable to SL Corp?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 SL Corp stock attractive at the current price?
The data as of Nov 6, 2026: price 45,400 KRW, calculated fair value 65,181 KRW (+44%), Quality Score 60/100, from 26 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 005850 calculated?
We run SL Corp through 26 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 65,181 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. SL Corp currently trades 30% 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 SL Corp (005850)?
The closing price on Nov 9, 2026 was 45,400 KRW. Our model-based fair value is 65,181 KRW, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SL Corp right now?
Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (44,084 KRW to 84,736 KRW) leaves room in how you read the outcome.
Key figures of SL Corp
How large is the market capitalisation of SL Corp (005850)?
The market capitalisation of SL Corp is 2.1T KRW (≈ $1.5B). 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 SL Corp (005850)?
The price-to-sales ratio of SL Corp is 0.40 (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 SL Corp (005850)?
Earnings per share at SL Corp are 8,278 KRW (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SL Corp (005850)?
The dividend yield of SL Corp is 6.1% (payout 33.5%). 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 SL Corp (005850)?
The net margin of SL Corp is 7.0% (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 SL Corp (005850)?
The return on equity (ROE) of SL Corp is 15.0% (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 SL Corp (005850)?
On an EBIT basis the return on assets of SL Corp is 8.8% (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 SL Corp (005850)?
The operating margin of SL Corp is 9.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SL Corp (005850)?
Revenue at SL Corp is growing +5.6% versus a year earlier (3y avg +7.9%). 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 SL Corp (005850)?
Earnings per share at SL Corp are growing +55.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SL Corp (005850) carry?
The net debt of SL Corp is 41.0B KRW (fiscal year 2023, ≈ 0.1 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