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Simpac (009160) Fair Value & Analysis

Industrials · KR · Market cap 239B KRW (≈ $167M) · ISIN KR7009160003

What is Simpac really worth?

S Simpac 009160 · KO
Price4,960 KRW
Fair Value8,898 KRW
Upside+79.4%
Quality54/100

A solid business, trading 44% below our fair value of 8,898 KRW.

As of Aug 19, 2026, the fair value of Simpac is 8,898 KRW per share against a price of 4,960 KRW, so the fair value sits 79% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +26.4 %/yr)
!Thin margins · 1.8% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (5/9)
!Narrow moat 29/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 14 out of 100

For context

·6.05% dividend yield
Evidence: Medium Range 6,228 KRW – 8,898 KRW

Fair value as of: Aug 19, 2026

From 14 valuation models · updated 17 days ago

Share price +8.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (6,228 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

6,839 KRW 2,403 KRW Fair Value 8,898 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 2,403 KRW – 6,839 KRW · fair‑value band 6,228 KRW – 8,898 KRW · the 4,960 KRW price screens below the 8,898 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Simpac (009160) currently trades at 4,960 KRW, while our model-based Fair Value estimate is 8,898 KRW, implying the stock looks roughly 44.3% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 10,694 KRW per share, and 14 of the 14 models we run sit above the 4,960 KRW price. Bear case: the Multiples group reads lowest at 6,358 KRW, and 0 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Simpac generated revenue of 1.2T KRW at a net margin of 1.8%. Revenue grew 24.5% year over year. It earns a return on equity of 3.4%. Net debt stands at 279B KRW. Fundamentals as of Aug 19, 2026

Our scenario range runs from 6,228 KRW (bear case) to 8,898 KRW (bull case); at 4,960 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 28% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at 79%, 009160 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence 8,978 KRW 8,771 KRW 7,591 KRW 76
EPV 7,325 KRW 8,062 KRW 8,717 KRW 74
ROIC Compounder 7,325 KRW 8,062 KRW 8,717 KRW 72
All 14 models by family
Earnings-Based
Graham-Dodd 2,543 KRW 17,737 KRW 24,891 KRW 63
Lynch FV 6,228 KRW 8,898 KRW 11,567 KRW 61
PEG = 1.0 6,228 KRW 8,898 KRW 11,567 KRW 57
EPV 7,325 KRW 8,062 KRW 8,717 KRW 74
Multiples
P/E Multiple 4,769 KRW 6,358 KRW 7,948 KRW 63
P/S Multiple 4,769 KRW 6,358 KRW 7,948 KRW 58
P/B Multiple 4,769 KRW 6,358 KRW 7,948 KRW 55
EV/EBIT 11,917 KRW 14,840 KRW 17,762 KRW 66
EV/EBITDA 11,591 KRW 14,405 KRW 17,219 KRW 67
EV/Revenue 10,748 KRW 14,005 KRW 17,261 KRW 54
Asset-Based
NCAV (Graham) 6,090 KRW 8,160 KRW 12,180 KRW 54
Economic Profit
Residual Income best evidence 8,978 KRW 8,771 KRW 7,591 KRW 76
ROIC Compounder 7,325 KRW 8,062 KRW 8,717 KRW 72
Growth Earnings
Growth-Adj P/E 7,486 KRW 10,694 KRW 13,902 KRW 67

Widest divergence: Growth Earnings (10,694 KRW) versus Multiples (6,358 KRW). Highest evidence: Residual Income (76).

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Key figures & financial health

P/S ratio 0.20 TTM
Dividend yield 6.0%
Net margin 1.7% FY2025
Return on equity 3.4% TTM
Return on assets (EBIT) 6.2% avg 5y
Operating margin 6.8% TTM
More key figures
Growth
Revenue (TTM) 1.2T KRW TTM
Revenue growth (YoY) +24.5% 3y avg +20.6%
EPS growth (YoY) −90.0%
Balance sheet & cash flow
Free cash flow −294M KRW FY2025
Net debt 279B KRW FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 52 · Market factors (momentum, volatility) 46

Profitability 30
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 93
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

SIMPAC Co., Ltd. through its subsidiaries, manufactures presses, and ferroalloys and rolls. The company manufactures mechanical, servo, hydraulic, and automation presses.

Full company description

SIMPAC Co., Ltd. through its subsidiaries, manufactures presses, and ferroalloys and rolls. The company manufactures mechanical, servo, hydraulic, and automation presses. It also manufactures ferroalloys, including ferromanganese, silicon manganese, and ferro-nickel chrome for steel making; and polyurethane rolls used in hot-rolled and cold-rolled steel making, papermaking, and rubber hammer and polyurethane screen products. In addition, the company offers structural welding plates for general use, steel plates for shipbuilding, pressure container steel plates for boilers, line pipe plates, and atmospheric corrosion resistant steel plates; and machine structural steel, tool steel, and steel for special purpose. The company was founded in 1973 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

Simpac reported revenue of 1.2T KRW in FY2025 versus 613B KRW in FY2021, a compound +17.8%/yr. Reported net income was 20.6B KRW in FY2025, compounding −31.0%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.2T KRW
Latest YoY
+44.5%
Avg. revenue 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.
+20.6%
Avg. revenue 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.
+26.4%
Avg. revenue growth/yr (16Y) 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.
+15.4%
Value creation/yr (5Y, in KRW) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+12.4% · in KRW
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+6.4%
Dividend yield6.0%
Operating margin (EBIT) 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.2.1% (2020) → 3.9% (2025) · rising
Worst earnings drop104% (2023) (loss year, drop beyond 100%) · in KRW
Revenue +17.8%/yr
FY21 613B KRW
FY22 672B KRW
FY23 609B KRW
FY24 816B KRW
FY25 1.2T KRW
Net income −31.0%/yr
FY21 90.8B KRW
FY22 76.1B KRW
FY23 −6.5B KRW
FY24 8.5B KRW
FY25 20.6B KRW

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Cite: Fair Value Calculator (2026). "Simpac Fair Value". https://www.fairvalue-calculator.com/stock/009160

Peer Group

Specialty Industrial Machinery · 792 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 54 · Above median
Fair Value upside +79% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 25% · Top 25%
Dividend yield (TTM) 6.0% · Top 25%
Debt / equity 0.03× · Lower than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE100 · sector 21
PAST14 · sector 28
HEALTH99 · sector 96
DIVIDEND100 · sector 27

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €289.85 €139.77 −52%
Eaton Corporation ETN $402.78 $168.65 −58%
Parker-Hannifin Corporation PH $995.02 $398.69 −60%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $270.12 $145.84 −46%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Simpac (009160) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 8,898 KRW versus a price of 4,960 KRW, about +79% upside (undervalued).
What is the fair value of 009160?
Our model-based fair value for Simpac is 8,898 KRW (as of Aug 19, 2026), built from audited fundamentals. The current price: 4,960 KRW.
What is the quality score of 009160?
Simpac has a Quality Score of 54/100. 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 Simpac (009160)?
Our model-based price target is the fair value of 8,898 KRW (as of Aug 19, 2026) from 14 valuation models. Cautious scenario 6,228 KRW, optimistic scenario 8,898 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Simpac stock forecast for 2026?
Our models put fair value at 8,898 KRW, about +79% upside versus a price of 4,960 KRW (undervalued). Cautious scenario 6,228 KRW, optimistic scenario 8,898 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Simpac (009160)?
Simpac reported trailing-twelve-month revenue of about 1.2T KRW (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 009160?
The net profit margin of Simpac is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.
Does Simpac pay a dividend?
Simpac currently shows a dividend yield of about 6.05% relative to its recent price (as of Aug 19, 2026).
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