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MiraeING.Co.,Ltd. (007120) Fair Value & Analysis

Industrials · KR · Market cap 30.3B KRW

MC MiraeING.Co.,Ltd. 007120 · KO
Price1,142 KRW
Fair Value2,586 KRW
Upside+126.5%
Quality70/100
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Mixed Growth
Loss-making · -23.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/9)
Narrow moat 38/100
Evidence: Medium Range 1,996 KRW – 3,177 KRW Share as image

Fair value as of: Jul 24, 2026

From 13 valuation models · updated 17 days ago

Share price −10.1% over the past month.

A solid business, screening 126% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (1,996 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

2,405 KRW 225.00 KRW Fair Value 2,586 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range 225.00 KRW – 2,405 KRW · fair‑value band 1,996 KRW – 3,177 KRW · the 1,142 KRW price screens below the 2,586 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

MiraeING.Co.,Ltd. (007120) currently trades at 1,142 KRW, while our model-based Fair Value estimate is 2,586 KRW, implying the stock looks roughly 126.5% undervalued today. The Quality Score stands at 70/100 (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: medium), always confirm before acting.

Over the trailing twelve months, MiraeING.Co.,Ltd. generated revenue of 12.8B KRW at a net margin of -23.7%. Revenue grew 196.8% year over year. It earns a return on equity of -4.3%. Fundamentals as of Jul 24, 2026

Our scenario range runs from 1,996 KRW (bear case) to 3,177 KRW (bull case); at 1,142 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 62% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 126%, 007120 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 3,057 KRW 4,140 KRW 5,602 KRW 80
Rev-Margin DCF 1,615 KRW 2,038 KRW 2,462 KRW 74
ROIC Compounder 884.98 KRW 995.32 KRW 1,092 KRW 72
All 13 models by family
DCF Models
FCF DCF 2,969 KRW 4,119 KRW 5,734 KRW 38
5Y Revenue Exit 1,615 KRW 1,986 KRW 2,412 KRW 39
5Y EBITDA Exit 2,511 KRW 3,561 KRW 4,711 KRW 41
10Y Revenue Exit 2,083 KRW 2,503 KRW 2,967 KRW 36
10Y EBITDA Exit 2,659 KRW 3,561 KRW 4,625 KRW 37
Earnings-Based
EPV 884.98 KRW 995.32 KRW 1,092 KRW 59
Multiples
EV/EBIT 1,996 KRW 2,586 KRW 3,177 KRW 53
EV/EBITDA 2,543 KRW 3,317 KRW 4,090 KRW 54
EV/Revenue 874.49 KRW 1,154 KRW 1,433 KRW 43
Asset-Based
NCAV (Graham) 890.14 KRW 1,193 KRW 1,780 KRW 50
Growth DCF
Growth DCF 3,057 KRW 4,140 KRW 5,602 KRW 80
Rev-Margin DCF 1,615 KRW 2,038 KRW 2,462 KRW 74
Economic Profit
ROIC Compounder 884.98 KRW 995.32 KRW 1,092 KRW 72

Widest divergence: DCF Models (3,561 KRW) versus Earnings-Based (995.32 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 12.8B KRW
Revenue growth (YoY) +197%
Net margin -23.7%
Return on equity -4.3%
Free cash flow 7.1B KRW FY2025
Operating margin 44.5%
More key figures
EPS growth (YoY) -96.9%

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 66 · Market factors (momentum, volatility) 39

Profitability 6
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 75
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

MiraeING.Co.,Ltd. develops and supplies defense security products in South Korea and internationally. It offers shooting command equipment for self-propelled howitzers, and various fire power equipment.

Full company description

MiraeING.Co.,Ltd. develops and supplies defense security products in South Korea and internationally. It offers shooting command equipment for self-propelled howitzers, and various fire power equipment. The company also provides messaging services to banking, securities, and other financial institutions and corporate customers; and Trade Services Utility, a service that in-sources and processes corporate processes in the open account transaction. In addition, it offers SafeWatch Filtering, an anti-money laundering system; eNisis, a financial messaging solution; Summit, an optimal derivative product solution; CTMS, a treasury business system; Wallstreet Suite that provides a tactical enterprise application platform to financial institutions and funds; Internet banking system that supports services, such as customer management, asset management, and corporate support to the Internet banking market; and cloud computing services. Further, the company provides consulting, implementation, and maintenance services. MiraeING.Co.,Ltd. was founded in 1971 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MiraeING.Co.,Ltd. reported revenue of 14.1B KRW in FY2025 versus 7.8B KRW in FY2021, a compound +16.0%/yr. Reported net income was −2.6B KRW in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
14.1B KRW
Latest YoY
+20.7%
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.
+3.3%
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.
+19.6%
Avg. growth/yr (14Y) 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.
−4.2%
Revenue +16.0%/yr
FY21 7.8B KRW
FY22 12.8B KRW
FY23 13.0B KRW
FY24 11.7B KRW
FY25 14.1B KRW
Net income
FY21 −18.1B KRW
FY22 −3.0B KRW
FY23 −9.3B KRW
FY24 −8.0B KRW
FY25 −2.6B KRW

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Cite: Fair Value Calculator (2026). "MiraeING.Co.,Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/007120

Peer Group

Security & Protection Services · 114 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 70 · Top 25%
Fair Value upside +127% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) -24% · Bottom 25%
Operating margin (TTM) 44% · Top 25%
Revenue growth 197% · Top 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Security & Protection Services 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 100 · sector 19
FUTURE 100 · sector 39
PAST 0 · sector 20
HEALTH 96 · sector 99
DIVIDEND 0 · sector 49

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 Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is MiraeING.Co.,Ltd. (007120) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 2,586 KRW versus a price of 1,142 KRW, about +126% (undervalued).
What is the fair value of 007120?
Our model-based fair value for MiraeING.Co.,Ltd. is 2,586 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 1,142 KRW.
What is the quality score of 007120?
MiraeING.Co.,Ltd. has a Quality Score of 70/100. 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 MiraeING.Co.,Ltd. (007120)?
MiraeING.Co.,Ltd. reported trailing-twelve-month revenue of about 12.8B KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 007120?
The net profit margin of MiraeING.Co.,Ltd. is about -23.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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