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ShinWon Corporation (009270) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 94.3B KRW

SC ShinWon Corporation 009270 · KO
Price1,067 KRW
Fair Value1,457 KRW
Upside+36.6%
Quality45/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
4.90% dividend yield
Mixed vs. peers (4/10)
Narrow moat 25/100
Evidence: Medium Range 531.73 KRW – 1,573 KRW Share as image

Fair value as of: Jul 24, 2026

From 8 valuation models · updated 18 days ago

Share price −0.6% over the past month.

Below-average quality, screening 37% undervalued on our models.

What matters now

  • The model range is unusually wide (531.73 KRW to 1,573 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (45/100) 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)

3,176 KRW 984.00 KRW Fair Value 1,457 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 984.00 KRW – 3,176 KRW · fair‑value band 531.73 KRW – 1,573 KRW · the 1,067 KRW price screens below the 1,457 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

ShinWon Corporation (009270) currently trades at 1,067 KRW, while our model-based Fair Value estimate is 1,457 KRW, implying the stock looks roughly 36.6% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical 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.

Trailing-twelve-month revenue stands at 1.1T KRW. Revenue grew 8.2% year over year. It earns a return on equity of 0.7%. Net debt stands at 256B KRW. Fundamentals as of Jul 24, 2026

Our scenario range runs from 531.73 KRW (bear case) to 1,573 KRW (bull case); at 1,067 KRW, the current price sits within 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 49% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -3% fair-value upside, at 37%, 009270 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
ROIC Compounder 718.08 KRW 910.22 KRW 1,078 KRW 72
Gordon GGM 537.97 KRW 1,119 KRW 1,774 KRW 70
DDM Multi-Stage 537.97 KRW 852.10 KRW 1,174 KRW 61
All 8 models by family
Earnings-Based
EPV 718.08 KRW 910.22 KRW 1,078 KRW 59
Dividend Discount
Gordon GGM 537.97 KRW 1,119 KRW 1,774 KRW 70
DDM Multi-Stage 537.97 KRW 852.10 KRW 1,174 KRW 61
Multiples
EV/EBIT 2,389 KRW 3,331 KRW 4,272 KRW 53
EV/EBITDA 3,047 KRW 4,207 KRW 5,368 KRW 54
EV/Revenue 1,469 KRW 2,285 KRW 3,101 KRW 43
Asset-Based
NCAV (Graham) 1,279 KRW 1,714 KRW 2,559 KRW 50
Economic Profit
ROIC Compounder 718.08 KRW 910.22 KRW 1,078 KRW 72

Widest divergence: Multiples (3,331 KRW) versus Dividend Discount (852.10 KRW). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 1.1T KRW
Revenue growth (YoY) +8.2%
Net margin 0.0%
Return on equity 0.7%
Free cash flow −41.6B KRW FY2025
Operating margin 2.3%
More key figures
Dividend yield 4.9%
EPS growth (YoY) -16.3%
Net debt 256B KRW FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 26

Profitability 42
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 28
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

ShinWon Corporation produces and sells men's wear, women's wear, casual, sports, and accessories in South Korea. Its owned women's wear brands include Besti Belli, SI, VIKI, and ISABEY; and men's wear brands comprise SIEG, SIEG FAHRENHEIT, Vanhart Di Albazar, and MARKM. The company also exports its products to the United States and Europe.

Full company description

ShinWon Corporation produces and sells men's wear, women's wear, casual, sports, and accessories in South Korea. Its owned women's wear brands include Besti Belli, SI, VIKI, and ISABEY; and men's wear brands comprise SIEG, SIEG FAHRENHEIT, Vanhart Di Albazar, and MARKM. The company also exports its products to the United States and Europe. It operates stores, as well as sells through online portal. ShinWon Corporation was founded in 1973 and is headquartered in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ShinWon Corporation reported revenue of 1.1T KRW in FY2025 versus 879B KRW in FY2021, a compound +5.6%/yr. Reported net income was −2.6B KRW in FY2025.

Growth Quality 48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.1T KRW
Latest YoY
+16.3%
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.
+3.1%
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.
+9.5%
Avg. growth/yr (25Y) 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%
Revenue +5.6%/yr
FY21 879B KRW
FY22 995B KRW
FY23 834B KRW
FY24 940B KRW
FY25 1.1T KRW
Net income
FY21 12.1B KRW
FY22 18.1B KRW
FY23 5.9B KRW
FY24 6.3B KRW
FY25 −2.6B KRW

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Cite: Fair Value Calculator (2026). "ShinWon Corporation Fair Value". https://www.fairvalue-calculator.com/stock/009270

Peer Group

Apparel Manufacturing · 212 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 45 · Bottom 25%
Fair Value upside +37% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.28× · Higher than 75% of peers

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

EV/EBITDA 1.1× · 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 82 · sector 32
FUTURE 41 · sector 4
PAST 3 · sector 21
HEALTH 86 · sector 98
DIVIDEND 98 · 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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
Gildan Activewear Inc GIL C$73.17 C$32.85 -55%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%

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Frequently asked questions

Is ShinWon Corporation (009270) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of 1,457 KRW versus a price of 1,067 KRW, about +37% (undervalued).
What is the fair value of 009270?
Our model-based fair value for ShinWon Corporation is 1,457 KRW (as of Jul 24, 2026), built from audited fundamentals. The current price is 1,067 KRW.
What is the quality score of 009270?
ShinWon Corporation has a Quality Score of 45/100. 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 ShinWon Corporation (009270)?
ShinWon Corporation reported trailing-twelve-month revenue of about 1.1T KRW (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 009270?
The net profit margin of ShinWon Corporation is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does ShinWon Corporation pay a dividend?
ShinWon Corporation currently shows a dividend yield of about 4.55% relative to its recent price (as of Jul 24, 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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