Mirae ING Co Ltd (007120) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Mirae ING Co Ltd KRW 2,586, price KRW 1,015, upside +154.8%, quality 70 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 225.00 KRW – 2,405 KRW · fair‑value band 1,996 KRW – 3,177 KRW · the 1,015 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 Sep 24, 2026.
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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.
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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.
Stock analysis
Mirae ING Co Ltd (007120) currently trades at 1,015 KRW, while our model-based Fair Value estimate is 2,586 KRW, implying the stock looks roughly 60.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 3,589 KRW per share, and 11 of the 13 models we run sit above the 1,015 KRW price.
Bear case: the Earnings-Based group reads lowest at 954.67 KRW, and 2 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 1,996 KRW (bear) to 3,177 KRW (bull), the price of 1,015 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 70/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mirae ING 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.
Key figures
Market cap 30.3B KRW (≈ $21.2M) · P/S ratio 2.36 · Net margin −18.4% · Return on equity −4.3% · Return on assets (EBIT) 3.2% · Operating margin 44.5% · Revenue (TTM) 12.8B KRW · Revenue growth (YoY) +197%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 155%, 007120 screens cheaper than that median.
Fair Value models
Bear 1,996 KRWFair Value 2,586 KRWBull 3,177 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.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+20.7%
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.
+3.3%
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.
+19.6%
Start year 2020 (pandemic). Over 10 years: +4.4% a year
Revenue growth 14 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.
−4.2%
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Profit margin (trend) ⓘ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.
11.9% (2020) → 26.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−26.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −27.6% a year for the price.
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.Security & Protection Services · 116 stocks
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). "Mirae ING Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/007120
Frequently asked questions
Is Mirae ING Co Ltd (007120) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2,586 KRW versus a price of 1,015 KRW, about +155% upside (undervalued).
What is the fair value of 007120?
Our model-based fair value for Mirae ING Co Ltd is 2,586 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,015 KRW.
What is the quality score of 007120?
Mirae ING 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 price target for Mirae ING Co Ltd (007120)?
Our model-based price target is the fair value of 2,586 KRW (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 1,996 KRW, optimistic scenario 3,177 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Mirae ING Co Ltd stock forecast for 2026?
Our models put fair value at 2,586 KRW, about +155% upside versus a price of 1,015 KRW (undervalued). Cautious scenario 1,996 KRW, optimistic scenario 3,177 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Mirae ING Co Ltd (007120)?
Mirae ING Co Ltd reported trailing-twelve-month revenue of about 12.8B KRW (latest available figure, as of Sep 24, 2026).
What growth is priced into Mirae ING Co Ltd (007120)?
For today's price to be fair in a discounted-cash-flow model, Mirae ING Co Ltd would have to grow free cash flow by -26.1 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 007120 use?
Our models discount Mirae ING Co Ltd at 8.9 %: a base by market capitalisation (nano), damped by beta 0.33, 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 Mirae ING Co Ltd that is -26.1 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Mirae ING Co Ltd (007120) delivered so far?
Over the past 5 years revenue at Mirae ING Co Ltd grew +19.6 % a year. The price currently implies -26.1 % 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 Mirae ING Co Ltd (007120) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Mirae ING Co Ltd (-26.1 % 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 Mirae ING Co Ltd (007120)?
The free-cash-flow yield on the price is 25.76 %: that much free cash flow Mirae ING Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mirae ING Co Ltd (007120)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mirae ING Co Ltd it is 2,586 KRW per share (as of Sep 24, 2026), against a price of 1,015 KRW. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Mirae ING Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 007120 trades below its calculated fair value: price 1,015 KRW, fair value 2,586 KRW, a gap of about +155% (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 007120?
No. The price is what the market pays today (1,015 KRW); the fair value is what the company's own numbers justify (2,586 KRW). For Mirae ING Co Ltd the two are 1,571 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Mirae ING Co Ltd worth?
The market values Mirae ING Co Ltd at about 30.3B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 1,015 KRW; our models calculate a fair value of 2,586 KRW per share.
What do the bullish and bearish scenarios say about 007120?
Our models span a range for Mirae ING Co Ltd: cautious scenario 1,996 KRW, base 2,586 KRW, optimistic 3,177 KRW per share (as of Sep 24, 2026, price 1,015 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mirae ING Co Ltd (007120)?
Balance-sheet figures for Mirae ING Co Ltd (as of Sep 24, 2026): return on equity −4.3%, debt of 0.08 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 007120 from its 52-week high?
Mirae ING Co Ltd trades at 1,015 KRW, about 58% below its 52-week high of 2,405 KRW and 27% above the low of 798.00 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,586 KRW is for.
Which stocks are comparable to Mirae ING Co Ltd?
From the same area (Industrials) we also value Verisure plc, Allegion plc, Zhejiang Dahua Technology Co, MSA Safety Incorporated, 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 Mirae ING Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,015 KRW, calculated fair value 2,586 KRW (+155%), Quality Score 70/100, from 13 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 007120 calculated?
We run Mirae ING Co Ltd through 13 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 2,586 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 13.2 % above its aggregate fair value. Mirae ING Co Ltd currently trades 155 % 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 Mirae ING Co Ltd (007120)?
The closing price on Sep 23, 2026 was 1,015 KRW. Our model-based fair value is 2,586 KRW, about +155% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mirae ING Co Ltd right 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. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Mirae ING Co Ltd
How large is the market capitalisation of Mirae ING Co Ltd (007120)?
The market capitalisation of Mirae ING Co Ltd is 30.3B KRW (≈ $21.2M). 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 Mirae ING Co Ltd (007120)?
The price-to-sales ratio of Mirae ING Co Ltd is 2.36 (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 Mirae ING Co Ltd (007120)?
The net margin of Mirae ING Co Ltd is −18.4% (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 Mirae ING Co Ltd (007120)?
The return on equity (ROE) of Mirae ING Co Ltd is −4.3% (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 Mirae ING Co Ltd (007120)?
On an EBIT basis the return on assets of Mirae ING Co Ltd is 3.2% (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 Mirae ING Co Ltd (007120)?
The operating margin of Mirae ING Co Ltd is 44.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mirae ING Co Ltd (007120)?
Revenue at Mirae ING Co Ltd is growing +197% versus a year earlier (3y avg +3.3%). 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 Mirae ING Co Ltd (007120)?
Earnings per share at Mirae ING Co Ltd are growing −96.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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