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Shinsung E&G Co. Ltd (011930) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Shinsung E&G Co. Ltd KRW 2,472, price KRW 17,000, upside -85.5%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Industrials · KR · ISIN KR7011930005

SE Thin data Sep 27, 2026

Shinsung E&G Co. Ltd

011930 · KO

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 2,472 KRW · Strongly overvalued (−85.5%)
!Quality 51/100
!Weak Growth (revenue 5y +3.3 %/yr)
!Loss-making · -0.5% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (2/9)
!Narrow moat 22/100
!Evidence only low, so the estimate is less certain
!The models disagree: range 2,472 KRW to 5,608 KRW

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

42,950 KRW 10,320 KRW Fair Value 2,472 KRW Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 10,320 KRW – 42,950 KRW · fair‑value band 2,472 KRW – 5,608 KRW · the 17,000 KRW price screens above the 2,472 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 27, 2026.

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Company profile

Shinsung E&G Co.,Ltd. provides solar modules and solar systems in Korea and internationally. The company operates through Clean Environment and Renewable Energy Business.

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Shinsung E&G Co.,Ltd. provides solar modules and solar systems in Korea and internationally. The company operates through Clean Environment and Renewable Energy Business. The company offers clean room installation, FFU, EFU equipment manufacturing and secondary battery manufacturing, as well as dry room installation; and manufactures and sells solar modules, constructs power plants, and conducts operations and management. The company was formerly known as Shinsung Solar Energy Co., Ltd. and changed its name to Shinsung E&G Co.,Ltd. in March 2017. Shinsung E&G Co.,Ltd. was founded in 1977 and is headquartered in Gwacheon-si, South Korea.

Stock analysis

Shinsung E&G Co. Ltd (011930) currently trades at 17,000 KRW, while our model-based Fair Value estimate is 2,472 KRW, implying the stock looks roughly 587.8% overvalued today.

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Valuation

How firm this estimate is: it rests on 6 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 2,472 KRW (bear) to 5,608 KRW (bull), the price of 17,000 KRW sits above 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 51/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Shinsung E&G Co. Ltd reported revenue of 567B KRW in FY2025 versus 455B KRW in FY2021, a compound +5.7%/yr. Reported net income was −7.0B KRW in FY2025.

Key figures

Market cap 346B KRW (≈ $255M) · P/S ratio 0.50 · Net margin −1.2% · Return on equity −2.3% · Return on assets (EBIT) 1.3% · Operating margin −1.6% · Revenue (TTM) 605B KRW · Revenue growth (YoY) +32.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 60% below its 52-week high and 41% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −85%, 011930 screens richer than that median.

Fair Value models

Bear 2,472 KRW Fair Value 2,472 KRW Bull 5,608 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. 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. 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.
Highest evidence
EV/EBITDA 5,724 KRW 8,859 KRW 11,994 KRW 66
NCAV (Graham) 5,733 KRW 7,683 KRW 11,467 KRW 54
All 2 models by family
Multiples
EV/EBITDA 5,724 KRW 8,859 KRW 11,994 KRW 66
Asset-Based
NCAV (Graham) 5,733 KRW 7,683 KRW 11,467 KRW 54

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Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 24

Profitability 23
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 5/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.5%
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.
−5.1%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +12.8% 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.
+6.4%
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.
3.8% (2020) → 0.2% (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
not computed

011930 screens 588% overvalued. Compare with Trane Technologies plc →

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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 Products & Equipment · 251 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −85.5% · Bottom 25%
Profitability
Return on assets 0.4% · Below median
Net margin (TTM) −0.5% · Below median
Operating margin (TTM) −1.6% · Bottom 25%
Growth and dividend
Revenue growth 32.1% · Top 25%
Balance sheet
Debt / equity 0.40× · Above median

Valuation Multiplesvs Building Products & Equipment median · lower = cheaper

EV/EBITDA 4.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 12
FUTURE (revenue growth)100 · sector 13
PAST (return on equity)0 · sector 22
HEALTH (low debt)80 · sector 95
DIVIDEND (yield)0 · sector 42

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.44 $215.45 −53%
Johnson Controls International plc JCI $150.20 $39.93 −73%
Carrier Global Corporation CARR $56.37 $19.38 −66%
Compagnie de Saint-Gobain S.A SGO €69.82 €93.79 +34%
Geberit AG GEBN CHF 545.80 CHF 303.40 −44%
Kingspan Group KRX €97.05 €68.47 −29%
Masco Corporation MAS $68.85 $56.94 −17%
Carlisle Companies Incorporated CSL $326.37 $347.14 +6%
Lennox International Inc LII $373.77 $302.52 −19%
Madison Air Solutions Corporation MAIR $25.16 $20.32 −19%

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Cite: Fair Value Calculator (2026). "Shinsung E&G Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/011930

Frequently asked questions

Is Shinsung E&G Co. Ltd (011930) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 2,472 KRW versus a price of 17,000 KRW, about −85% upside (overvalued).
What is the fair value of 011930?
Our model-based fair value for Shinsung E&G Co. Ltd is 2,472 KRW (as of Sep 27, 2026), built from audited fundamentals. The current price: 17,000 KRW.
What is the quality score of 011930?
Shinsung E&G Co. Ltd 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 price target for Shinsung E&G Co. Ltd (011930)?
Our model-based price target is the fair value of 2,472 KRW (as of Sep 27, 2026) from 2 valuation models. Cautious scenario 2,472 KRW, optimistic scenario 5,608 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Shinsung E&G Co. Ltd stock forecast for 2026?
Our models put fair value at 2,472 KRW, about −85% upside versus a price of 17,000 KRW (overvalued). Cautious scenario 2,472 KRW, optimistic scenario 5,608 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Shinsung E&G Co. Ltd (011930)?
Shinsung E&G Co. Ltd reported trailing-twelve-month revenue of about 605B KRW (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Shinsung E&G Co. Ltd (011930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shinsung E&G Co. Ltd it is 2,472 KRW per share (as of Sep 27, 2026), against a price of 17,000 KRW. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Shinsung E&G Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 011930 trades above its calculated fair value: price 17,000 KRW, fair value 2,472 KRW, a gap of about −85% (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 011930?
No. The price is what the market pays today (17,000 KRW); the fair value is what the company's own numbers justify (2,472 KRW). For Shinsung E&G Co. Ltd the two are 14,528 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Shinsung E&G Co. Ltd worth?
The market values Shinsung E&G Co. Ltd at about 346B KRW (market capitalisation, as of Sep 27, 2026). Per share that is 17,000 KRW; our models calculate a fair value of 2,472 KRW per share.
What do the bullish and bearish scenarios say about 011930?
Our models span a range for Shinsung E&G Co. Ltd: cautious scenario 2,472 KRW, base 2,472 KRW, optimistic 5,608 KRW per share (as of Sep 27, 2026, price 17,000 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shinsung E&G Co. Ltd (011930)?
Balance-sheet figures for Shinsung E&G Co. Ltd (as of Sep 27, 2026): return on equity −2.3%, debt of 0.40 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 011930 from its 52-week high?
Shinsung E&G Co. Ltd trades at 17,000 KRW, about 60% below its 52-week high of 42,950 KRW and 41% above the low of 12,050 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2,472 KRW is for.
Which stocks are comparable to Shinsung E&G Co. Ltd?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Shinsung E&G Co. Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price 17,000 KRW, calculated fair value 2,472 KRW (−85%), Quality Score 51/100, from 2 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 011930 calculated?
We run Shinsung E&G Co. Ltd through 2 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 2,472 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 16.1 % above its aggregate fair value. Shinsung E&G Co. Ltd 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 Shinsung E&G Co. Ltd (011930)?
The closing price on Sep 23, 2026 was 17,000 KRW. Our model-based fair value is 2,472 KRW, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shinsung E&G Co. Ltd right now?
The price sits above even our optimistic bull case (5,608 KRW). The favourable scenario is already priced in. 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 but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (2,472 KRW to 5,608 KRW) leaves room in how you read the outcome.

Key figures of Shinsung E&G Co. Ltd

How large is the market capitalisation of Shinsung E&G Co. Ltd (011930)?
The market capitalisation of Shinsung E&G Co. Ltd is 346B KRW (≈ $255M). 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 Shinsung E&G Co. Ltd (011930)?
The price-to-sales ratio of Shinsung E&G Co. Ltd 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 net margin of Shinsung E&G Co. Ltd (011930)?
The net margin of Shinsung E&G Co. Ltd is −1.2% (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 Shinsung E&G Co. Ltd (011930)?
The return on equity (ROE) of Shinsung E&G Co. Ltd is −2.3% (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 Shinsung E&G Co. Ltd (011930)?
On an EBIT basis the return on assets of Shinsung E&G Co. Ltd is 1.3% (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 Shinsung E&G Co. Ltd (011930)?
The operating margin of Shinsung E&G Co. Ltd is −1.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shinsung E&G Co. Ltd (011930)?
Revenue at Shinsung E&G Co. Ltd is growing +32.1% versus a year earlier (3y avg −5.1%). 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 Shinsung E&G Co. Ltd (011930)?
Earnings per share at Shinsung E&G Co. Ltd are growing −77.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shinsung E&G Co. Ltd (011930) generate?
The free cash flow of Shinsung E&G Co. Ltd is −41.2B 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 Shinsung E&G Co. Ltd (011930) carry?
The net debt of Shinsung E&G Co. Ltd is 205B 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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