Busan Ind (011390) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Busan Ind KRW 15,069, price KRW 49,850, upside -69.8%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 35,700 KRW – 161,322 KRW · fair‑value band 3,014 KRW – 50,315 KRW · the 49,850 KRW price screens above the 15,069 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Busan Industrial Co., Ltd. provides concrete products in South Korea. It offers ready mixed concrete, concrete sleepers, and architectural PCs. The company was founded in 1976 and is based in Busan, South Korea.
Stock analysis
Busan Ind (011390) currently trades at 49,850 KRW, while our model-based Fair Value estimate is 15,069 KRW, implying the stock looks roughly 230.8% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 80,013 KRW per share, and 1 of the 4 models we run sit above the 49,850 KRW price.
Bear case: the DCF Models group reads lowest at 1,815 KRW, and 3 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: 3,014 KRW (bear) to 50,315 KRW (bull), the price of 49,850 KRW sits inside 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 29/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Busan Ind reported revenue of 108B KRW in FY2025 versus 128B KRW in FY2021, a compound −4.3%/yr. Reported net income was −3.5B KRW in FY2025.
Key figures
Market cap 52.6B KRW (≈ $36.8M) · P/S ratio 0.50 · Dividend yield 0.5% · Net margin −3.2% · Return on equity −3.3% · Return on assets (EBIT) 1.5% · Operating margin 2.1% · Revenue (TTM) 99.9B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −47% fair-value upside, at −70%, 011390 screens richer than that median.
Fair Value models
Bear 3,014 KRWFair Value 15,069 KRWBull 50,315 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.1/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.4%
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.
−11.0%
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.
−1.4%
Start year 2020 (pandemic). Over 10 years: −0.2% 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.
+3.8%
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Profit margin (trend) ⓘ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.
4.8% (2020) → −2.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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 Materials · 257 stocks
Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−70% · Bottom 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth−25% · Bottom 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.60× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
EV/EBITDA17.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 2
PAST (return on equity)0· sector 15
HEALTH (low debt)70· sector 92
DIVIDEND (yield)10· sector 46
VALUE 0: the price sits above our fair-value range.
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). "Busan Ind Fair Value". https://www.fairvalue-calculator.com/stock/011390
Frequently asked questions
Is Busan Ind (011390) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 15,069 KRW versus a price of 49,850 KRW, about −70% upside (overvalued).
What is the fair value of 011390?
Our model-based fair value for Busan Ind is 15,069 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 49,850 KRW.
What is the quality score of 011390?
Busan Ind has a Quality Score of 29/100. 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 Busan Ind (011390)?
Our model-based price target is the fair value of 15,069 KRW (as of Sep 24, 2026) from 4 valuation models. Cautious scenario 3,014 KRW, optimistic scenario 50,315 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Busan Ind stock forecast for 2026?
Our models put fair value at 15,069 KRW, about −70% upside versus a price of 49,850 KRW (overvalued). Cautious scenario 3,014 KRW, optimistic scenario 50,315 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Busan Ind (011390)?
Busan Ind reported trailing-twelve-month revenue of about 99.9B KRW (latest available figure, as of Sep 24, 2026).
Does Busan Ind pay a dividend?
Busan Ind currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Busan Ind (011390)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Busan Ind it is 15,069 KRW per share (as of Sep 24, 2026), against a price of 49,850 KRW. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Busan Ind stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 011390 trades above its calculated fair value: price 49,850 KRW, fair value 15,069 KRW, a gap of about −70% (overvalued). 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 011390?
No. The price is what the market pays today (49,850 KRW); the fair value is what the company's own numbers justify (15,069 KRW). For Busan Ind the two are 34,781 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Busan Ind worth?
The market values Busan Ind at about 52.6B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 49,850 KRW; our models calculate a fair value of 15,069 KRW per share.
What do the bullish and bearish scenarios say about 011390?
Our models span a range for Busan Ind: cautious scenario 3,014 KRW, base 15,069 KRW, optimistic 50,315 KRW per share (as of Sep 24, 2026, price 49,850 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Busan Ind (011390)?
Balance-sheet figures for Busan Ind (as of Sep 24, 2026): return on equity −3.3%, debt of 0.60 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 011390 from its 52-week high?
Busan Ind trades at 49,850 KRW, about 57% below its 52-week high of 114,618 KRW and 14% above the low of 43,600 KRW (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 15,069 KRW is for.
Which stocks are comparable to Busan Ind?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Vulcan Materials Company, UltraTech Cement Limited, 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 Busan Ind stock attractive at the current price?
The data as of Sep 24, 2026: price 49,850 KRW, calculated fair value 15,069 KRW (−70%), Quality Score 29/100, from 4 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 011390 calculated?
We run Busan Ind through 4 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 15,069 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 14.1 % above its aggregate fair value. Busan Ind itself currently trades above fair value. 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 Busan Ind (011390)?
The closing price on Sep 23, 2026 was 49,850 KRW. Our model-based fair value is 15,069 KRW, about −70% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Busan Ind right now?
Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (3,014 KRW to 50,315 KRW). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Busan Ind
How large is the market capitalisation of Busan Ind (011390)?
The market capitalisation of Busan Ind is 52.6B KRW (≈ $36.8M). 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 Busan Ind (011390)?
The price-to-sales ratio of Busan Ind is 0.50 (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 Busan Ind (011390)?
The dividend yield of Busan Ind is 0.5%. 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 Busan Ind (011390)?
The net margin of Busan Ind is −3.2% (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 Busan Ind (011390)?
The return on equity (ROE) of Busan Ind is −3.3% (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 Busan Ind (011390)?
On an EBIT basis the return on assets of Busan Ind is 1.5% (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 Busan Ind (011390)?
The operating margin of Busan Ind is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Busan Ind (011390)?
Revenue at Busan Ind is growing −24.6% versus a year earlier (3y avg −11.0%). 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 Busan Ind (011390)?
Earnings per share at Busan Ind are growing −89.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Busan Ind (011390) generate?
The free cash flow of Busan Ind is −2.3B 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 Busan Ind (011390) carry?
The net debt of Busan Ind is 98.6B 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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