Korea Line (005880) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Korea Line KRW 3,755, price KRW 1,986, upside +89.1%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 1,378 KRW – 3,670 KRW · fair‑value band 2,737 KRW – 4,774 KRW · the 1,986 KRW price screens below the 3,755 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Korea Line Corporation engages in the provision of merchant carrier services for energy resources in marine transportation industry worldwide. The company provides dedicated carrier, tramper carrier, tanker carrier, and oil carrier services.
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Korea Line Corporation engages in the provision of merchant carrier services for energy resources in marine transportation industry worldwide. The company provides dedicated carrier, tramper carrier, tanker carrier, and oil carrier services. The company transports various types of cargo, including crude oil, iron ore, coal, grain, cement, fertilizer, steel, clean petroleum products, etc. Its owned fleets consist of 32 vessels, which include 24 bulk, 4 oil tankers, 3 MR tankers, and 1 PCTC with a total of 4,845,694 DWT. The company was founded in 1968 and is based in Seoul, South Korea. Korea Line Corporation operates as a subsidiary of Samra Midas Group.
Stock analysis
Korea Line (005880) currently trades at 1,986 KRW, while our model-based Fair Value estimate is 3,755 KRW, implying the stock looks roughly 47.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 12,987 KRW per share, and 22 of the 22 models we run sit above the 1,986 KRW price.
Bear case: the Asset-Based group reads lowest at 4,478 KRW, and 0 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 2,737 KRW (bear) to 4,774 KRW (bull), the price of 1,986 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Korea Line reported revenue of 1.3T KRW in FY2025 versus 1.2T KRW in FY2021, a compound +2.6%/yr. Reported net income was 180B KRW in FY2025, compounding −7.5%/yr from FY2021.
Key figures
Market cap 641B KRW (≈ $471M) · P/S ratio 0.48 · Net margin 14.1% · Return on equity 7.0% · Return on assets (EBIT) 5.9% · Operating margin 26.8% · Revenue (TTM) 1.2T KRW · Revenue growth (YoY) −16.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at 89%, 005880 screens cheaper than that median.
Fair Value models
Bear 2,737 KRWFair Value 3,755 KRWBull 4,774 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−26.9%
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.
−7.5%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +9.2% 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.
+3.3%
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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.
+9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.5%
Dividend (yield on the price)0.0%
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.12% → 16%
⚠ Revenue per share shrinking 1.7%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−39.0%
Yearly growth needed for the next five years to justify today's price.
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.
−1.5%
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 −40.3% a year for the price and −3.5% 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.Marine Shipping · 233 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+89% · Top 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets3% · Below median
Net margin (TTM)14% · Above median
Operating margin (TTM)27% · Top 25%
Growth and dividend
Revenue growth−16% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Korea Line Fair Value". https://www.fairvalue-calculator.com/stock/005880
Frequently asked questions
Is Korea Line (005880) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3,755 KRW versus a price of 1,986 KRW, about +89% upside (undervalued).
What is the fair value of 005880?
Our model-based fair value for Korea Line is 3,755 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,986 KRW.
What is the quality score of 005880?
Korea Line has a Quality Score of 56/100. 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 Korea Line (005880)?
Our model-based price target is the fair value of 3,755 KRW (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 2,737 KRW, optimistic scenario 4,774 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Korea Line stock forecast for 2026?
Our models put fair value at 3,755 KRW, about +89% upside versus a price of 1,986 KRW (undervalued). Cautious scenario 2,737 KRW, optimistic scenario 4,774 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Korea Line (005880)?
Korea Line reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Korea Line (005880)?
For today's price to be fair in a discounted-cash-flow model, Korea Line would have to grow free cash flow by -39.0 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 005880 use?
Our models discount Korea Line at 10.7 %: a base by market capitalisation (small), damped by beta 0.68, 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 Korea Line that is -39.0 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Korea Line (005880) delivered so far?
Over the past 5 years revenue at Korea Line grew +7.6 % a year. The price currently implies -39.0 % per year free-cash-flow growth a 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 Korea Line (005880) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Korea Line (-39.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Korea Line (005880)?
The free-cash-flow yield on the price is 45.80 %: that much free cash flow Korea Line produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Korea Line (005880)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Korea Line it is 3,755 KRW per share (as of Sep 24, 2026), against a price of 1,986 KRW. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Korea Line stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 005880 trades below its calculated fair value: price 1,986 KRW, fair value 3,755 KRW, a gap of about +89% (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 005880?
No. The price is what the market pays today (1,986 KRW); the fair value is what the company's own numbers justify (3,755 KRW). For Korea Line the two are 1,769 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Korea Line worth?
The market values Korea Line at about 641B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,986 KRW; our models calculate a fair value of 3,755 KRW per share.
What do the bullish and bearish scenarios say about 005880?
Our models span a range for Korea Line: cautious scenario 2,737 KRW, base 3,755 KRW, optimistic 4,774 KRW per share (as of Sep 24, 2026, price 1,986 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Korea Line (005880)?
Balance-sheet figures for Korea Line (as of Sep 24, 2026): return on equity 7.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 005880 from its 52-week high?
Korea Line trades at 1,986 KRW, about 36% below its 52-week high of 3,090 KRW and 20% above the low of 1,654 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3,755 KRW is for.
Which stocks are comparable to Korea Line?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Korea Line stock attractive at the current price?
The data as of Sep 24, 2026: price 1,986 KRW, calculated fair value 3,755 KRW (+89%), Quality Score 56/100, from 22 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 005880 calculated?
We run Korea Line through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3,755 KRW, 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 14.0 % above its aggregate fair value. Korea Line currently trades 89 % 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 Korea Line (005880)?
The closing price on Sep 23, 2026 was 1,986 KRW. Our model-based fair value is 3,755 KRW, about +89% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Korea Line right now?
The price is below even our cautious bear case (2,737 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Korea Line
How large is the market capitalisation of Korea Line (005880)?
The market capitalisation of Korea Line is 641B KRW (≈ $471M). 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 Korea Line (005880)?
The price-to-sales ratio of Korea Line is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Korea Line (005880)?
The net margin of Korea Line is 14.1% (fiscal year 2025). 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 Korea Line (005880)?
The return on equity (ROE) of Korea Line is 7.0% (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 Korea Line (005880)?
On an EBIT basis the return on assets of Korea Line is 5.9% (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 Korea Line (005880)?
The operating margin of Korea Line is 26.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Korea Line (005880)?
Revenue at Korea Line is growing −16.0% versus a year earlier (3y avg −7.5%). 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 Korea Line (005880)?
Earnings per share at Korea Line are growing −9.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Korea Line (005880) carry?
The net debt of Korea Line is 277B KRW (fiscal year 2023, ≈ 0.9 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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