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Samwha Electric Co (009470) Fair Value & Analysis

Technology · KR · Market cap 148B KRW

SE Samwha Electric Co 009470 · KO
Price24,050 KRW
Fair Value16,360 KRW
Upside-32.0%
Quality51/100
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Mixed Growth
Thin margins · 4.4% net margin
Low debt · generates free cash flow
2.76% dividend yield
Ranks above peers (8/10)
Narrow moat 41/100
Evidence: Medium Range 12,507 KRW – 23,192 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from 17,227 KRW to 16,360 KRW (−5.0%) since Jul 6, 2026. Share price −7.1% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (23,192 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (12,507 KRW to 23,192 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

81,058 KRW 12,535 KRW Fair Value 16,360 KRW Mar 2021 Aug 2026

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 12,535 KRW – 81,058 KRW · fair‑value band 12,507 KRW – 23,192 KRW · the 24,050 KRW price screens above the 16,360 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.

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Analysis

Samwha Electric Co (009470) currently trades at 24,050 KRW, while our model-based Fair Value estimate is 16,360 KRW, implying the stock looks roughly 32.0% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Technology 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, Samwha Electric Co generated revenue of 226B KRW at a net margin of 4.4%. Revenue declined 6.9% year over year. It earns a return on equity of 10.0%. Net debt stands at 2.8B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 12,507 KRW (bear case) to 23,192 KRW (bull case); at 24,050 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 60% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -32%, 009470 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 6,237 KRW 7,982 KRW 10,942 KRW 80
Residual Income 12,510 KRW 13,928 KRW 22,058 KRW 76
Rev-Margin DCF 12,553 KRW 19,508 KRW 27,793 KRW 74
All 22 models by family
DCF Models
FCF DCF 6,047 KRW 7,844 KRW 11,133 KRW 38
Owner Earnings 14,198 KRW 18,956 KRW 27,667 KRW 31
5Y Revenue Exit 12,553 KRW 19,477 KRW 29,352 KRW 39
5Y EBITDA Exit 15,937 KRW 25,262 KRW 37,302 KRW 41
5Y P/E Exit 14,532 KRW 22,861 KRW 32,488 KRW 38
10Y Revenue Exit 9,555 KRW 15,246 KRW 22,006 KRW 36
10Y EBITDA Exit 12,092 KRW 19,077 KRW 27,296 KRW 37
10Y P/E Exit 11,227 KRW 17,487 KRW 24,093 KRW 35
Earnings-Based
Graham-Dodd 9,703 KRW 17,076 KRW 20,972 KRW 54
EPV 14,680 KRW 16,942 KRW 18,922 KRW 59
Multiples
P/E Multiple 21,403 KRW 28,537 KRW 35,671 KRW 63
P/S Multiple 18,192 KRW 24,256 KRW 30,320 KRW 58
P/B Multiple 18,192 KRW 24,256 KRW 30,320 KRW 55
EV/EBIT 25,671 KRW 33,861 KRW 42,050 KRW 53
EV/EBITDA 25,102 KRW 33,101 KRW 41,101 KRW 54
EV/Revenue 17,663 KRW 24,761 KRW 31,859 KRW 43
Asset-Based
NCAV (Graham) 7,109 KRW 9,527 KRW 14,219 KRW 50
Growth DCF
Growth DCF 6,237 KRW 7,982 KRW 10,942 KRW 80
Rev-Margin DCF 12,553 KRW 19,508 KRW 27,793 KRW 74
Economic Profit
Residual Income 12,510 KRW 13,928 KRW 22,058 KRW 76
ROIC Compounder 14,716 KRW 17,364 KRW 20,181 KRW 72
Growth Earnings
Growth-Adj P/E 15,142 KRW 21,631 KRW 28,120 KRW 68

Widest divergence: Multiples (24,761 KRW) versus Growth DCF (7,982 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 226B KRW
Revenue growth (YoY) -6.9%
Net margin 4.4%
Return on equity 10.0%
Free cash flow 3.2B KRW FY2025
Operating margin 5.9%
More key figures
Dividend yield 2.8%
EPS growth (YoY) +44.8%
Net debt 2.8B KRW FY2020

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 10

Profitability 51
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 14
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

Samwha Electric Co.,Ltd. operates in the electrolytic capacitor industry in South Korea and internationally. It offers green and aluminium E-cap capacitor.

Full company description

Samwha Electric Co.,Ltd. operates in the electrolytic capacitor industry in South Korea and internationally. It offers green and aluminium E-cap capacitor. The company also provides radial lead type, snap-in type, screw type, polymer, miniature, and large aluminium electrolytic capacitor, as well as hybrid, electric double layer, surface mount AI E-cap, and aluminium solid electrolytic capacitor. Its products are used in transportation, automotive, new and renewable energy, uninterruptible power supply, military and medical devices, communication equipment, household appliances, medical devices, PC, notebook, smart phone, camera, home application, LED, and industrial inverter applications. The company was formerly known as Samwha Nichicon and changed its name to Samwha Electric Co.,Ltd. in November 1974. Samwha Electric Co.,Ltd. was founded in 1973 and is headquartered in Cheongju, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Samwha Electric Co reported revenue of 230B KRW in FY2025 versus 247B KRW in FY2021, a compound −1.8%/yr. Reported net income was 9.4B KRW in FY2025, compounding −9.5%/yr from FY2021.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
230B KRW
Latest YoY
−1.3%
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.
−1.3%
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.
+2.9%
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.
+2.0%
Revenue −1.8%/yr
FY21 247B KRW
FY22 239B KRW
FY23 202B KRW
FY24 233B KRW
FY25 230B KRW
Net income −9.5%/yr
FY21 14.1B KRW
FY22 10.7B KRW
FY23 5.6B KRW
FY24 19.6B KRW
FY25 9.4B KRW

009470 screens 32% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Samwha Electric Co Fair Value". https://www.fairvalue-calculator.com/stock/009470

Peer Group

Electronic Components · 625 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 51 · Below median
Fair Value upside −32% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 2.8% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components 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 0 · sector 0
FUTURE 0 · sector 32
PAST 40 · sector 24
HEALTH 100 · sector 95
DIVIDEND 55 · sector 25

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.

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Samwha Electric Co (009470) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 16,360 KRW versus a price of 24,050 KRW, about −32% (overvalued).
What is the fair value of 009470?
Our model-based fair value for Samwha Electric Co is 16,360 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 24,050 KRW.
What is the quality score of 009470?
Samwha Electric Co 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 revenue of Samwha Electric Co (009470)?
Samwha Electric Co reported trailing-twelve-month revenue of about 226B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 009470?
The net profit margin of Samwha Electric Co is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does Samwha Electric Co pay a dividend?
Samwha Electric Co currently shows a dividend yield of about 1.93% relative to its recent price (as of Jul 22, 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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