Kyung Dong Navien Co Ltd (009450) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kyung Dong Navien Co Ltd stock KRW 111,929, price KRW 61,100, upside +83.2%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 31,646 KRW – 104,072 KRW · fair‑value band 78,350 KRW – 145,508 KRW · the 61,100 KRW price screens below the 111,929 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Kyung Dong Navien Co., Ltd. manufactures and sells machinery and heat combustion equipment in South Korea.
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The company offers gas, oil, and electric boilers; condensing oil and gas boiler; gas and electric water heaters; hot water mats; wired and wireless zone control systems; controllers; home network products, such as IoT products, video phones, lobby phones, sub-phones, door cameras, inter phones, and security office systems; heat pump products, including hybrid and double heat geothermal boilers; m-CHP products; zone control systems; and cascade systems, ventilators, and mid and large-size boilers.
It also exports its products. The company was formerly known as Kyungdong Boiler Co., Ltd. and changed its name to Kyung Dong Navien Co., Ltd. in September 2006. Kyung Dong Navien Co., Ltd. was founded in 1973 and is headquartered in Pyeongtaek-Si, South Korea.
Stock analysis
Kyung Dong Navien Co Ltd (009450) currently trades at 61,100 KRW, while our model-based Fair Value estimate is 111,929 KRW, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 123,645 KRW per share, and 12 of the 16 models we run sit above the 61,100 KRW price.
Bear case: the Earnings-Based group reads lowest at 77,251 KRW, and 4 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 78,350 KRW (bear) to 145,508 KRW (bull), the price of 61,100 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 51/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kyung Dong Navien Co Ltd reported revenue of 1.5T KRW in FY2025 versus 1.1T KRW in FY2021, a compound +8.0%/yr. Reported net income was 89.7B KRW in FY2025, compounding +2.7%/yr from FY2021.
Key figures
Market cap 883B KRW (≈ $648M) Small · P/E ratio 5.5 · P/S ratio 0.57 · EPS (TTM) 10,956 KRW · Dividend yield 1.2% · Net margin 10.2% · Return on equity 19.4% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 83%, 009450 screens cheaper than that median.
Fair Value models
Bear78,350 KRWFair Value 111,929 KRWBull145,508 KRW
Price 61,100 KRW · Upside +83.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (8,724 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.0%
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.
+9.0%
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.
+11.5%
Start year 2020 (pandemic). Over 10 years: +11.4% a year
Revenue growth 25 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.
+9.1%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+16.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.0%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.0% vs 7.8%, picking up
Profit margin 2020 to 2025 ⓘ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.8% → 10%
Compare Kyung Dong Navien Co Ltd with another stock
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.Building Products & Equipment · 255 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+83.2% · Top 25%
Profitability
Return on equity (12 months)19.4% · Top 25%
Return on assets5.9% · Above median
Net margin (12 months)10.2% · Top 25%
Operating margin (12 months)21.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.0% · Below median
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Kyung Dong Navien Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/009450
Frequently asked questions
Is Kyung Dong Navien Co Ltd (009450) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 111,929 KRW versus a price of 61,100 KRW, about +83% upside (undervalued).
What is the fair value of 009450?
Our model-based fair value for Kyung Dong Navien Co Ltd is 111,929 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 61,100 KRW.
What is the quality score of 009450?
Kyung Dong Navien Co Ltd has a Quality Score of 51/100. 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 Kyung Dong Navien Co Ltd (009450)?
Our model-based price target is the fair value of 111,929 KRW (as of Nov 5, 2026) from 16 valuation models. Cautious scenario 78,350 KRW, optimistic scenario 145,508 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyung Dong Navien Co Ltd stock forecast for 2026?
Our models put fair value at 111,929 KRW, about +83% upside versus a price of 61,100 KRW (undervalued). Cautious scenario 78,350 KRW, optimistic scenario 145,508 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Kyung Dong Navien Co Ltd (009450)?
Kyung Dong Navien Co Ltd reported trailing-twelve-month revenue of about 1.6T KRW (latest available figure, as of Nov 5, 2026).
Does Kyung Dong Navien Co Ltd pay a dividend?
Kyung Dong Navien Co Ltd currently shows a dividend yield of 1.23% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Kyung Dong Navien Co Ltd (009450) and when is the ex-dividend date?
Kyung Dong Navien Co Ltd pays a dividend of 750.00 KRW per share a year, a dividend yield of 1.2%. The last ex-dividend date was Dec 29, 2025. A dividend has been paid every year since 1998. The payout ratio is 6.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Kyung Dong Navien Co Ltd (009450)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyung Dong Navien Co Ltd it is 111,929 KRW per share (as of Nov 5, 2026), against a price of 61,100 KRW. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Kyung Dong Navien Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 009450 trades below its calculated fair value: price 61,100 KRW, fair value 111,929 KRW, a gap of about +83% (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 009450?
No. The price is what the market pays today (61,100 KRW); the fair value is what the company's own numbers justify (111,929 KRW). For Kyung Dong Navien Co Ltd the two are 50,829 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyung Dong Navien Co Ltd worth?
The market values Kyung Dong Navien Co Ltd at about 883B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 61,100 KRW; our models calculate a fair value of 111,929 KRW per share.
What do the bullish and bearish scenarios say about 009450?
Our models span a range for Kyung Dong Navien Co Ltd: cautious scenario 78,350 KRW, base 111,929 KRW, optimistic 145,508 KRW per share (as of Nov 5, 2026, price 61,100 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 009450?
Kyung Dong Navien Co Ltd trades at a price-to-earnings ratio of 5.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 111,929 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.5. Other multiples: P/B 1.2, P/S 0.6, EV/EBITDA 3.1.
How solid is the balance sheet of Kyung Dong Navien Co Ltd (009450)?
Balance-sheet figures for Kyung Dong Navien Co Ltd (as of Nov 5, 2026): return on equity 19.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 009450 from its 52-week high?
Kyung Dong Navien Co Ltd trades at 61,100 KRW, about 22% below its 52-week high of 78,500 KRW and 14% above the low of 53,600 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 111,929 KRW is for.
Which stocks are comparable to Kyung Dong Navien Co Ltd?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Kyung Dong Navien Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 61,100 KRW, calculated fair value 111,929 KRW (+83%), Quality Score 51/100, from 16 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 009450 calculated?
We run Kyung Dong Navien Co Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 111,929 KRW builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Kyung Dong Navien Co Ltd currently trades 45% 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 Kyung Dong Navien Co Ltd (009450)?
The closing price on Nov 6, 2026 was 61,100 KRW. Our model-based fair value is 111,929 KRW, about +83% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyung Dong Navien Co Ltd right now?
The price is below even our cautious bear case (78,350 KRW). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (78,350 KRW to 145,508 KRW) leaves room in how you read the outcome.
Key figures of Kyung Dong Navien Co Ltd
How large is the market capitalisation of Kyung Dong Navien Co Ltd (009450)?
The market capitalisation of Kyung Dong Navien Co Ltd is 883B KRW (≈ $648M). 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 Kyung Dong Navien Co Ltd (009450)?
The price-to-sales ratio of Kyung Dong Navien Co Ltd is 0.57 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kyung Dong Navien Co Ltd (009450)?
Earnings per share at Kyung Dong Navien Co Ltd are 10,956 KRW (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kyung Dong Navien Co Ltd (009450)?
The dividend yield of Kyung Dong Navien Co Ltd is 1.2% (payout 6.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kyung Dong Navien Co Ltd (009450)?
The net margin of Kyung Dong Navien Co Ltd is 10.2% (last twelve months). 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 Kyung Dong Navien Co Ltd (009450)?
The return on equity (ROE) of Kyung Dong Navien Co Ltd is 19.4% (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 Kyung Dong Navien Co Ltd (009450)?
On an EBIT basis the return on assets of Kyung Dong Navien Co Ltd is 8.4% (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 Kyung Dong Navien Co Ltd (009450)?
The operating margin of Kyung Dong Navien Co Ltd is 21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyung Dong Navien Co Ltd (009450)?
Revenue at Kyung Dong Navien Co Ltd is growing −1.0% versus a year earlier (3y avg +9.0%). 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 Kyung Dong Navien Co Ltd (009450)?
Earnings per share at Kyung Dong Navien Co Ltd are growing +253% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kyung Dong Navien Co Ltd (009450) generate?
The free cash flow of Kyung Dong Navien Co Ltd is −91.1B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kyung Dong Navien Co Ltd (009450) carry?
The net debt of Kyung Dong Navien Co Ltd is 194B KRW (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026