Myoung Shin Industrial Co Ltd (009900) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Myoung Shin Industrial Co Ltd KRW 17,665, price KRW 8,170, upside +116.2%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Myoung Shin Industrial Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 5,970 KRW – 36,143 KRW · fair‑value band 12,115 KRW – 22,964 KRW · the 8,170 KRW price screens below the 17,665 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Myoung Shin Industrial Co in your weekly email
Every Wednesday you see whether Myoung Shin Industrial Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Myoung Shin Industrial Co.,Ltd operates as an automotive part manufacturer in South Korea and internationally. It offers hot-stamping parts for automobiles. The company was founded in 1982 and is based in Gyeongju-si, South Korea.
Stock analysis
Myoung Shin Industrial Co Ltd (009900) currently trades at 8,170 KRW, while our model-based Fair Value estimate is 17,665 KRW, implying the stock looks roughly 53.7% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 45,492 KRW per share, and 24 of the 24 models we run sit above the 8,170 KRW price.
Bear case: the Asset-Based group reads lowest at 9,652 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 12,115 KRW (bear) to 22,964 KRW (bull), the price of 8,170 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 53/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Myoung Shin Industrial Co Ltd reported revenue of 1.6T KRW in FY2025 versus 1.1T KRW in FY2021, a compound +10.0%/yr. Reported net income was 68.3B KRW in FY2025, compounding +10.8%/yr from FY2021.
Key figures
Market cap 429B KRW (≈ $315M) · P/S ratio 0.22 · Dividend yield 1.2% · Net margin 4.2% · Return on equity 9.7% · Return on assets (EBIT) 12.2% · Operating margin 4.9% · Revenue (TTM) 1.7T KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 44% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at 116%, 009900 screens cheaper than that median.
Fair Value models
Bear 12,115 KRWFair Value 17,665 KRWBull 22,964 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.9%
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.
+2.2%
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.
+14.9%
Start year 2020 (pandemic)
Revenue growth 9 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.
+27.2%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
+7.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.0%
Dividend (yield on the price)1.2%
Profit margin 2019 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% → 6%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−12.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −14.5% a year for the price and +3.1% for the forecasts.
Compare Myoung Shin Industrial Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Auto Parts · 692 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+116% · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets4% · Above median
Net margin (TTM)4% · Above median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Myoung Shin Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/009900
Frequently asked questions
Is Myoung Shin Industrial Co Ltd (009900) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 17,665 KRW versus a price of 8,170 KRW, about +116% upside (undervalued).
What is the fair value of 009900?
Our model-based fair value for Myoung Shin Industrial Co Ltd is 17,665 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 8,170 KRW.
What is the quality score of 009900?
Myoung Shin Industrial Co Ltd has a Quality Score of 53/100. 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 Myoung Shin Industrial Co Ltd (009900)?
Our model-based price target is the fair value of 17,665 KRW (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 12,115 KRW, optimistic scenario 22,964 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Myoung Shin Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 17,665 KRW, about +116% upside versus a price of 8,170 KRW (undervalued). Cautious scenario 12,115 KRW, optimistic scenario 22,964 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Myoung Shin Industrial Co Ltd (009900)?
Myoung Shin Industrial Co Ltd reported trailing-twelve-month revenue of about 1.7T KRW (latest available figure, as of Sep 24, 2026).
Does Myoung Shin Industrial Co Ltd pay a dividend?
Myoung Shin Industrial Co Ltd currently shows a dividend yield of about 1.22% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Myoung Shin Industrial Co Ltd (009900)?
For today's price to be fair in a discounted-cash-flow model, Myoung Shin Industrial Co Ltd would have to grow free cash flow by -12.7 % per year for five years (discount rate 13.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 009900 use?
Our models discount Myoung Shin Industrial Co Ltd at 13.0 %: a base by market capitalisation (micro), damped by beta 0.97, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Myoung Shin Industrial Co Ltd that is -12.7 % per year a year over ten years, using the same discount rate (13.0 %) and the same formula as our fair value.
How much growth has Myoung Shin Industrial Co Ltd (009900) delivered so far?
Over the past 5 years revenue at Myoung Shin Industrial Co Ltd grew +14.9 % a year. The price currently implies -12.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Myoung Shin Industrial Co Ltd (009900) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Myoung Shin Industrial Co Ltd (-12.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Myoung Shin Industrial Co Ltd (009900)?
The free-cash-flow yield on the price is 27.52 %: that much free cash flow Myoung Shin Industrial Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Myoung Shin Industrial Co Ltd (009900)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Myoung Shin Industrial Co Ltd it is 17,665 KRW per share (as of Sep 24, 2026), against a price of 8,170 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Myoung Shin Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 009900 trades below its calculated fair value: price 8,170 KRW, fair value 17,665 KRW, a gap of about +116% (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 009900?
No. The price is what the market pays today (8,170 KRW); the fair value is what the company's own numbers justify (17,665 KRW). For Myoung Shin Industrial Co Ltd the two are 9,495 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Myoung Shin Industrial Co Ltd worth?
The market values Myoung Shin Industrial Co Ltd at about 429B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 8,170 KRW; our models calculate a fair value of 17,665 KRW per share.
What do the bullish and bearish scenarios say about 009900?
Our models span a range for Myoung Shin Industrial Co Ltd: cautious scenario 12,115 KRW, base 17,665 KRW, optimistic 22,964 KRW per share (as of Sep 24, 2026, price 8,170 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Myoung Shin Industrial Co Ltd (009900)?
Balance-sheet figures for Myoung Shin Industrial Co Ltd (as of Sep 24, 2026): return on equity 9.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 009900 from its 52-week high?
Myoung Shin Industrial Co Ltd trades at 8,170 KRW, about 44% below its 52-week high of 14,700 KRW and 37% above the low of 5,970 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 17,665 KRW is for.
Which stocks are comparable to Myoung Shin Industrial Co Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Myoung Shin Industrial Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 8,170 KRW, calculated fair value 17,665 KRW (+116%), Quality Score 53/100, from 24 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 009900 calculated?
We run Myoung Shin Industrial Co Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 17,665 KRW, 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 14.0 % above its aggregate fair value. Myoung Shin Industrial Co Ltd currently trades 116 % 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 Myoung Shin Industrial Co Ltd (009900)?
The closing price on Sep 23, 2026 was 8,170 KRW. Our model-based fair value is 17,665 KRW, about +116% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Myoung Shin Industrial Co Ltd right now?
The price is below even our cautious bear case (12,115 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (12,115 KRW to 22,964 KRW) leaves room in how you read the outcome.
Key figures of Myoung Shin Industrial Co Ltd
How large is the market capitalisation of Myoung Shin Industrial Co Ltd (009900)?
The market capitalisation of Myoung Shin Industrial Co Ltd is 429B KRW (≈ $315M). 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 Myoung Shin Industrial Co Ltd (009900)?
The price-to-sales ratio of Myoung Shin Industrial Co Ltd is 0.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Myoung Shin Industrial Co Ltd (009900)?
The dividend yield of Myoung Shin Industrial Co Ltd is 1.2%. 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 Myoung Shin Industrial Co Ltd (009900)?
The net margin of Myoung Shin Industrial Co Ltd is 4.2% (fiscal year 2025). 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 Myoung Shin Industrial Co Ltd (009900)?
The return on equity (ROE) of Myoung Shin Industrial Co Ltd is 9.7% (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 Myoung Shin Industrial Co Ltd (009900)?
On an EBIT basis the return on assets of Myoung Shin Industrial Co Ltd is 12.2% (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 Myoung Shin Industrial Co Ltd (009900)?
The operating margin of Myoung Shin Industrial Co Ltd is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Myoung Shin Industrial Co Ltd (009900)?
Revenue at Myoung Shin Industrial Co Ltd is growing +14.6% versus a year earlier (3y avg +2.2%). 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 Myoung Shin Industrial Co Ltd (009900)?
Earnings per share at Myoung Shin Industrial Co Ltd are growing +30.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Myoung Shin Industrial Co Ltd (009900) carry?
The net debt of Myoung Shin Industrial Co Ltd is 89.6B KRW (fiscal year 2025, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Myoung Shin Industrial Co Ltd in the live analysis
One click puts Myoung Shin Industrial Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
