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Booster Co (008470) Fair Value & Analysis

Industrials · KR · Market cap 27.6B KRW

BC Booster Co 008470 · KQ
Price2,000 KRW
Fair Value3,321 KRW
Upside+66.1%
Quality69/100
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Healthy Growth
Thin margins · 0.9% net margin
Low debt · generates free cash flow
2.40% dividend yield
Mixed vs. peers (5/10)
Narrow moat 24/100
Evidence: High Range 2,405 KRW – 4,009 KRW Share as image

Fair value as of: Jul 20, 2026

From 24 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from 3,399 KRW to 3,321 KRW (−2.3%) since Jul 6, 2026. Share price −45.3% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (2,405 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) 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)

8,092 KRW 1,720 KRW Fair Value 3,321 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range 1,720 KRW – 8,092 KRW · fair‑value band 2,405 KRW – 4,009 KRW · the 2,000 KRW price screens below the 3,321 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Booster Co (008470) currently trades at 2,000 KRW, while our model-based Fair Value estimate is 3,321 KRW, implying the stock looks roughly 66.1% undervalued today. The Quality Score stands at 69/100 (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: high), always confirm before acting.

Over the trailing twelve months, Booster Co generated revenue of 117B KRW at a net margin of 0.9%. Revenue declined 12.2% year over year. It earns a return on equity of 1.3%. Fundamentals as of Jul 20, 2026

Our scenario range runs from 2,405 KRW (bear case) to 4,009 KRW (bull case); at 2,000 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 66%, 008470 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 5,543 KRW 7,138 KRW 9,368 KRW 80
Residual Income 6,797 KRW 6,438 KRW 5,048 KRW 76
Rev-Margin DCF 4,400 KRW 5,571 KRW 6,884 KRW 74
All 24 models by family
DCF Models
FCF DCF 5,460 KRW 7,219 KRW 9,812 KRW 38
Owner Earnings 6,076 KRW 8,142 KRW 11,188 KRW 31
5Y Revenue Exit 4,400 KRW 5,529 KRW 6,915 KRW 39
5Y EBITDA Exit 4,328 KRW 5,397 KRW 6,588 KRW 41
5Y P/E Exit 4,311 KRW 5,367 KRW 6,428 KRW 38
10Y Revenue Exit 4,699 KRW 5,800 KRW 7,175 KRW 36
10Y EBITDA Exit 4,712 KRW 5,710 KRW 6,932 KRW 37
10Y P/E Exit 4,702 KRW 5,690 KRW 6,812 KRW 35
Earnings-Based
Graham-Dodd 1,283 KRW 3,490 KRW 4,575 KRW 54
Lynch FV 688.02 KRW 982.89 KRW 1,278 KRW 50
PEG = 1.0 688.02 KRW 982.89 KRW 1,278 KRW 46
EPV 2,973 KRW 3,147 KRW 3,299 KRW 59
Multiples
P/E Multiple 1,981 KRW 2,641 KRW 3,301 KRW 63
P/S Multiple 2,405 KRW 3,207 KRW 4,009 KRW 58
P/B Multiple 2,405 KRW 3,207 KRW 4,009 KRW 55
EV/EBIT 3,573 KRW 4,121 KRW 4,669 KRW 53
EV/EBITDA 3,939 KRW 4,609 KRW 5,278 KRW 54
EV/Revenue 3,924 KRW 4,779 KRW 5,633 KRW 43
Asset-Based
NCAV (Graham) 4,840 KRW 6,486 KRW 9,680 KRW 50
Growth DCF
Growth DCF 5,543 KRW 7,138 KRW 9,368 KRW 80
Rev-Margin DCF 4,400 KRW 5,571 KRW 6,884 KRW 74
Economic Profit
Residual Income 6,797 KRW 6,438 KRW 5,048 KRW 76
ROIC Compounder 2,973 KRW 3,147 KRW 3,299 KRW 72
Growth Earnings
Growth-Adj P/E 1,635 KRW 2,336 KRW 3,037 KRW 68

Widest divergence: Asset-Based (6,486 KRW) versus Earnings-Based (982.89 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 117B KRW
Revenue growth (YoY) -12.2%
Net margin 0.9%
Return on equity 1.3%
Free cash flow 2.7B KRW FY2025
Operating margin -4.1%
More key figures
Dividend yield 2.4%
EPS growth (YoY) -96.3%

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 70 · Market factors (momentum, volatility) 17

Profitability 38
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Booster Co., Ltd. manufactures and sells boilers in South Korea. The company offers oncethrough, vacuum hot water, non-furnace scrum, no pressure hot water, and pellet boilers, as well as heat pump, particulate matter baghouse system, compact unit system, and other devices.

Full company description

Booster Co., Ltd. manufactures and sells boilers in South Korea. The company offers oncethrough, vacuum hot water, non-furnace scrum, no pressure hot water, and pellet boilers, as well as heat pump, particulate matter baghouse system, compact unit system, and other devices. It also provides booster system, including scrum system, booster multi-control tower system, booster internet of things system, and energy diagnostic machine. The company was formerly known as Yeoryeon Boiler Co., Ltd. and changed its name to Booster Co., Ltd. in October 1988. Booster Co., Ltd. was founded in 1973 and is headquartered in Jincheon-eup, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Booster Co reported revenue of 121B KRW in FY2025 versus 98.2B KRW in FY2021, a compound +5.3%/yr. Reported net income was 1.6B KRW in FY2025, compounding −8.9%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
121B KRW
Latest YoY
+13.7%
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.
+9.5%
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.
+3.7%
Avg. growth/yr (11Y) 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.
+4.8%
Revenue +5.3%/yr
FY21 98.2B KRW
FY22 91.9B KRW
FY23 101B KRW
FY24 106B KRW
FY25 121B KRW
Net income −8.9%/yr
FY21 2.3B KRW
FY22 −1.2B KRW
FY23 1.4B KRW
FY24 1.7B KRW
FY25 1.6B KRW

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Cite: Fair Value Calculator (2026). "Booster Co Fair Value". https://www.fairvalue-calculator.com/stock/008470

Peer Group

Specialty Industrial Machinery · 808 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 69 · Top 25%
Fair Value upside +66% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 2.4% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery 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 0
FUTURE 0 · sector 23
PAST 5 · sector 28
HEALTH 100 · sector 96
DIVIDEND 48 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
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1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
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Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Booster Co (008470) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 3,321 KRW versus a price of 2,000 KRW, about +66% (undervalued).
What is the fair value of 008470?
Our model-based fair value for Booster Co is 3,321 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 2,000 KRW.
What is the quality score of 008470?
Booster Co has a Quality Score of 69/100. 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 Booster Co (008470)?
Booster Co reported trailing-twelve-month revenue of about 117B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 008470?
The net profit margin of Booster Co is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.
Does Booster Co pay a dividend?
Booster Co currently shows a dividend yield of about 2.52% relative to its recent price (as of Jul 20, 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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