Mobase Electronics Co (012860) Fair Value & Analysis
Consumer Cyclical · KR · Market cap 162B KRW
Fair value as of: Jul 20, 2026
From 26 valuation models · updated 21 days ago
Fair value updated Jul 20, 2026, revised from 5,137 KRW to 3,090 KRW (−39.8%) since Jun 25, 2026. Share price +0.8% over the past month.
A solid business, screening 26% undervalued on our models.
What matters now
- 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 (1,821 KRW to 4,395 KRW) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range 1,150 KRW – 6,030 KRW · fair‑value band 1,821 KRW – 4,395 KRW · the 2,460 KRW price screens below the 3,090 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Mobase Electronics Co (012860) currently trades at 2,460 KRW, while our model-based Fair Value estimate is 3,090 KRW, implying the stock looks roughly 25.6% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Mobase Electronics Co generated revenue of 1.0T KRW at a net margin of 2.0%. Revenue grew 0.4% year over year. It earns a return on equity of 8.7%. Net debt stands at 212B KRW. Fundamentals as of Jul 20, 2026
Our scenario range runs from 1,821 KRW (bear case) to 4,395 KRW (bull case); at 2,460 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 65% below its 52-week high and 101% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 26%, 012860 screens cheaper 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.
All 26 models by family
Widest divergence: Multiples (6,029 KRW) versus Dividend Discount (78.61 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 31
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Mobase Electronics Co.,Ltd. engages in the manufacture and sale of automotive products in South Korea and internationally.
Full company description
Mobase Electronics Co.,Ltd. engages in the manufacture and sale of automotive products in South Korea and internationally. The company offers smart key systems, immobilizer systems, car lock sets, body control units and modules, power seat and steering column modules, low voltage DCDC converters and inverters, wireless chargers, cold/heated cup holders, multi-input devices, power window switches, steering wheel remote control switches, multi-function switches, and instrument panel switches. It also provides electronic control system, convenience control system, power control system, security system, steering wheel, steering column lock, seat frames, medical device structures and cases, electronic tool frames, optical device frames, cosmetic accessory tools, and IT product casings. The company was formerly known as Seoyon Electronics Co., Ltd. and changed its name to Mobase Electronics Co.,Ltd. in October 2019. Mobase Electronics Co.,Ltd. was founded in 1978 and is headquartered in Suwon-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mobase Electronics Co reported revenue of 1.0T KRW in FY2025 versus 765B KRW in FY2021, a compound +8.1%/yr. Reported net income was 19.9B KRW in FY2025, compounding +23.3%/yr from FY2021.
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Peer Group
Auto Parts · 642 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.
Valuation Multiples vs Auto Parts median · lower = cheaper
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.
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.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Hyundai Mobis Co 012330 | 482,000 KRW | 678,420 KRW | +41% |
| Magna International Inc MGAN | 1,122 MXN | 1,172 MXN | +4% |
| Samvardhana Motherson International Limited MOTHERSON | ₹144.17 | ₹80.63 | -44% |
| Bosch Limited BOSCHLTD | ₹41,110 | ₹14,004 | -66% |
| Bharat Forge Limited BHARATFORG | ₹2,117 | ₹441.74 | -79% |
| Uno Minda Limited UNOMINDA | ₹1,158 | ₹426.57 | -63% |
| Schaeffler India Limited SCHAEFFLER | ₹4,135 | ₹1,412 | -66% |
| Hankook Tire & Technology Co 161390 | 73,600 KRW | 196,479 KRW | +167% |
| MRF Limited MRF | ₹131,025 | ₹125,849 | -4% |
| Sona BLW Precision Forgings Limited SONACOMS | ₹792.00 | ₹207.06 | -74% |
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Frequently asked questions
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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.
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