Myoung Shin Industrial Co Ltd (009900) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Myoung Shin Industrial Co Ltd stock KRW 14,119, price KRW 6,530, upside +116.2%, quality 50 out of 100. Rating: strongly undervalued. Calculated from audited financials with 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 5,970 KRW – 36,143 KRW · fair‑value band 9,883 KRW – 18,354 KRW · the 6,530 KRW price screens below the 14,119 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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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 6,530 KRW, while our model-based Fair Value estimate is 14,119 KRW, implying the stock looks roughly 54% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 47,008 KRW per share, and 23 of the 26 models we run sit above the 6,530 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,794 KRW, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 9,883 KRW (bear) to 18,354 KRW (bull), the price of 6,530 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 50/100 (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 343B KRW (≈ $253M) Micro · P/E ratio 3.8 · P/S ratio 0.19 · EPS (TTM) 1,696 KRW · Dividend yield 1.5% · Net margin 5.0% · Return on equity 11.6% · Return on assets (EBIT) 12.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).
What moves the price
The share trades about 56% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 116%, 009900 screens cheaper than that median.
Fair Value models
Bear9,883 KRWFair Value 14,119 KRWBull18,354 KRW
Price 6,530 KRW · Upside +116.2%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 (1,369 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.
Best data coverage
FCF DCF31,350 KRW46,357 KRW85,651 KRW78
Growth DCF29,723 KRW48,700 KRW80,574 KRW76
Residual Income11,179 KRW11,725 KRW13,134 KRW76
All 26 models by family
DCF Models
FCF DCF31,350 KRW46,357 KRW85,651 KRW78
Owner Earnings30,046 KRW58,955 KRW110,335 KRW73
5Y Revenue Exit23,466 KRW39,349 KRW69,967 KRW70
5Y EBITDA Exit29,149 KRW51,563 KRW92,439 KRW72
5Y P/E Exit24,971 KRW46,587 KRW73,875 KRW69
10Y Revenue Exit25,358 KRW44,922 KRW65,552 KRW66
10Y EBITDA Exit29,429 KRW54,397 KRW98,743 KRW65
10Y P/E Exit26,848 KRW47,430 KRW81,412 KRW62
Earnings-Based
Graham-Dodd8,856 KRW61,761 KRW86,672 KRW63
Lynch FV18,716 KRW26,737 KRW34,759 KRW61
PEG = 1.018,716 KRW26,737 KRW34,759 KRW57
EPV13,712 KRW15,294 KRW16,588 KRW74
Dividend Discount
Gordon GGM1,082 KRW1,851 KRW2,444 KRW68
DDM Multi-Stage1,082 KRW1,737 KRW1,988 KRW67
Multiples
P/E Multiple21,489 KRW28,652 KRW35,815 KRW63
P/S Multiple16,605 KRW22,140 KRW27,675 KRW58
P/B Multiple20,669 KRW27,559 KRW34,449 KRW55
EV/EBIT24,689 KRW33,487 KRW42,286 KRW66
EV/EBITDA26,520 KRW35,928 KRW45,337 KRW67
EV/Revenue16,086 KRW23,711 KRW31,336 KRW53
Asset-Based
NCAV (Graham)2,242 KRW3,397 KRW4,246 KRW54
Growth DCF
Growth DCF29,723 KRW48,700 KRW80,574 KRW76
Rev-Margin DCF23,466 KRW42,191 KRW70,159 KRW70
Economic Profit
Residual Income11,179 KRW11,725 KRW13,134 KRW76
ROIC Compounder13,712 KRW16,422 KRW19,468 KRW72
Growth Earnings
Growth-Adj P/E25,915 KRW37,022 KRW48,128 KRW67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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%
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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. 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.
+7.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.0%
Dividend (yield on the price)1.5%
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).
−17.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+5.9%
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 −19.5% a year for the price and +3.8% for the forecasts.
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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.Auto Parts · 655 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+116.2% · Top 25%
Profitability
Return on equity (12 months)11.6% · Above median
Return on assets4.8% · Above median
Net margin (12 months)5.0% · Above median
Operating margin (12 months)8.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)24.6% · Top 25%
Dividend yield (12 months)1.5% · 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 Nov 5, 2026, our model estimates a fair value of 14,119 KRW versus a price of 6,530 KRW, about +116% upside (undervalued).
What is the fair value of 009900?
Our model-based fair value for Myoung Shin Industrial Co Ltd is 14,119 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 6,530 KRW.
What is the quality score of 009900?
Myoung Shin Industrial Co Ltd has a Quality Score of 50/100. 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 14,119 KRW (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 9,883 KRW, optimistic scenario 18,354 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 14,119 KRW, about +116% upside versus a price of 6,530 KRW (undervalued). Cautious scenario 9,883 KRW, optimistic scenario 18,354 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 1.8T KRW (latest available figure, as of Nov 5, 2026).
Does Myoung Shin Industrial Co Ltd pay a dividend?
Myoung Shin Industrial Co Ltd currently shows a dividend yield of 1.53% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Myoung Shin Industrial Co Ltd (009900) and when is the ex-dividend date?
Myoung Shin Industrial Co Ltd pays a dividend of 100.00 KRW per share a year, a dividend yield of 1.5%. The last ex-dividend date was Mar 31, 2026. The payout ratio is 5.9% of earnings. Free cash flow covers the dividend 22.48 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
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 -17.8 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 009900 use?
Our models discount Myoung Shin Industrial Co Ltd at 12.0 %: a base by market capitalisation (small), damped by beta 1.13, 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 -17.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.0 %) 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 free-cash-flow growth of -17.8 % per 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 +4.7 % a year. That is the yardstick for the growth priced into Myoung Shin Industrial Co Ltd (-17.8 % per 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 34.43 %: 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 (12.0 %), 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 14,119 KRW per share (as of Nov 5, 2026), against a price of 6,530 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Myoung Shin Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 009900 trades below its calculated fair value: price 6,530 KRW, fair value 14,119 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 (6,530 KRW); the fair value is what the company's own numbers justify (14,119 KRW). For Myoung Shin Industrial Co Ltd the two are 7,589 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 343B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 6,530 KRW; our models calculate a fair value of 14,119 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 9,883 KRW, base 14,119 KRW, optimistic 18,354 KRW per share (as of Nov 5, 2026, price 6,530 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 009900?
Myoung Shin Industrial Co Ltd trades at a price-to-earnings ratio of 3.8 (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 14,119 KRW is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 6.9. Other multiples: P/B 0.5, P/S 0.2, EV/EBITDA 1.6.
How solid is the balance sheet of Myoung Shin Industrial Co Ltd (009900)?
Balance-sheet figures for Myoung Shin Industrial Co Ltd (as of Nov 5, 2026): return on equity 11.6%, debt of 0.21 per unit of equity. They feed the Quality Score of 50/100, 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 6,530 KRW, about 56% below its 52-week high of 14,700 KRW and 9% above the low of 5,970 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 14,119 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 Nov 5, 2026: price 6,530 KRW, calculated fair value 14,119 KRW (+116%), Quality Score 50/100, from 26 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 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 14,119 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 13.3% above its aggregate fair value. Myoung Shin Industrial Co Ltd currently trades 54% 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 Nov 6, 2026 was 6,530 KRW. Our model-based fair value is 14,119 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 (9,883 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 (50/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (9,883 KRW to 18,354 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 343B KRW (≈ $253M). 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 0.19 (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 Myoung Shin Industrial Co Ltd (009900)?
Earnings per share at Myoung Shin Industrial Co Ltd are 1,696 KRW (price ÷ EPS = P/E 3.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Myoung Shin Industrial Co Ltd (009900)?
The dividend yield of Myoung Shin Industrial Co Ltd is 1.5% (payout 5.9%). 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 5.0% (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 Myoung Shin Industrial Co Ltd (009900)?
The return on equity (ROE) of Myoung Shin Industrial Co Ltd is 11.6% (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 8.9% (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 +24.6% 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 +113% 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.
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Thin data
Nov 5, 2026