Enex Co (011090) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 18.5B KRW

Below-average quality, and screening another 33% overvalued on our models.

What matters now

• Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The model range is unusually wide (462.36 KRW to 1,702 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.

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 930.00 KRW – 17,275 KRW · fair‑value band 462.36 KRW – 1,702 KRW · the 1,605 KRW price screens above the 1,075 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

Enex Co (011090) currently trades at 1,605 KRW, while our model-based Fair Value estimate is 1,075 KRW, implying the stock looks roughly 33.0% overvalued today. The Quality Score stands at 43/100 (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, Enex Co generated revenue of 202B KRW at a net margin of -3.0%. Revenue declined 22.6% year over year. It earns a return on equity of -14.9%. Net debt stands at 17.0B KRW. Fundamentals as of Jul 22, 2026

Our scenario range runs from 462.36 KRW (bear case) to 1,702 KRW (bull case); at 1,605 KRW, the current price sits within 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 62% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -33%, 011090 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.

Widest divergence: Asset-Based (2,316 KRW) versus Dividend Discount (468.61 KRW). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

Enex Co., Ltd. manufactures and sells kitchen furniture in Korea and internationally. The company offers built-in closet, including casements, sliding built-in cabinets, built-in cabinates options, wardrobes, single cabinet, front doors, and dress rooms; bedroom furniture, such as queen/king bed, single bed, mattresses, chiffoniers, and dressing tables; and …

Full company description

Enex Co., Ltd. manufactures and sells kitchen furniture in Korea and internationally. The company offers built-in closet, including casements, sliding built-in cabinets, built-in cabinates options, wardrobes, single cabinet, front doors, and dress rooms; bedroom furniture, such as queen/king bed, single bed, mattresses, chiffoniers, and dressing tables; and living room furniture comprising sofa, Chinese furniture, and tea tables. It also provides kitchen furniture, including tables, storage, and Ireland furniture products; and student/study room furniture, such as chairs, desks, bookshelves, and kid's furniture products, as well as office furniture products. In addition, the company offers household goods comprising kitchen, bathroom, and pet products, as well as bedding sets, carpets, and rugs; and furniture and product equipment for kitchen, living room, and multi-purpose spaces. It sells its products through direct stores and distribution networks, as well as online under the Enex brand name. The company was formerly known as ORIPYO Co., Ltd. and changed its name to Enex Co., Ltd. in March 1992. Enex Co., Ltd. was founded in 1971 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Enex Co reported revenue of 215B KRW in FY2025 versus 202B KRW in FY2021, a compound +1.6%/yr. Reported net income was −1.3B KRW in FY2025.

011090 screens 33% overvalued. Compare with Midea Group →

Peer Group

Furnishings, Fixtures & Appliances · 311 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.

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Frequently asked questions

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.