Ajin Electronic Components Co (009320) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 48.5B KRW
Fair value as of: Jul 22, 2026
From 15 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 1,500 KRW to 525.14 KRW (−65.0%) since Jul 6, 2026. Share price +9.7% over the past month.
Below-average quality, and screening another 50% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (698.86 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range 850.00 KRW – 3,420 KRW · fair‑value band 393.86 KRW – 698.86 KRW · the 1,059 KRW price screens above the 525.14 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Ajin Electronic Components Co (009320) currently trades at 1,059 KRW, while our model-based Fair Value estimate is 525.14 KRW, implying the stock looks roughly 50.4% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Ajin Electronic Components Co generated revenue of 155B KRW at a net margin of 2.7%. Revenue grew 9.2% year over year. It earns a return on equity of 13.1%. Net debt stands at 43.3B KRW. Fundamentals as of Jul 22, 2026
Our scenario range runs from 393.86 KRW (bear case) to 698.86 KRW (bull case); at 1,059 KRW, the current price sits above 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 23% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -50%, 009320 screens richer 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.
All 15 models by family
Widest divergence: Multiples (1,585 KRW) versus Asset-Based (452.82 KRW). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 43 · Market factors (momentum, volatility) 47
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
Ajin Electronic Components Co.,Ltd produces and sells automotive components in South Korea. The company provides automotive components, such as photocatalytic module, brake control unit, direction module, fuel cell dc-dc converter, suspension control unit, led headlamp, automotive radar, on-board charger, climate control head, PTC heater, battery heating …
Full company description
Ajin Electronic Components Co.,Ltd produces and sells automotive components in South Korea. The company provides automotive components, such as photocatalytic module, brake control unit, direction module, fuel cell dc-dc converter, suspension control unit, led headlamp, automotive radar, on-board charger, climate control head, PTC heater, battery heating heater, pulse with modulation, actuator control unit, torque angle sensor, BLDC motor driver, voltage regulator, and BTSI solenoid products. It offers ambient light controller and surface heating heater products. In addition, the company provides aluminium electrolytic capacitors and tantalum capacitors. The company was formerly known as Daewoo Electronic Components Co., Ltd. and changed its name to Ajin Electronic Components Co.,Ltd in October 2024. The company was founded in 1973 and is headquartered in Jeongeup-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ajin Electronic Components Co reported revenue of 152B KRW in FY2025 versus 99.2B KRW in FY2021, a compound +11.2%/yr. Reported net income was 4.4B KRW in FY2025.
009320 screens 50% overvalued. Compare with Hyundai Mobis Co →
Peer Group
Auto Parts · 641 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.
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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Frequently asked questions
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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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