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Sung Kwang Bend Co (014620) Fair Value & Analysis

Industrials · KR · Market cap 651B KRW

SK Sung Kwang Bend Co 014620 · KQ
Price26,650 KRW
Fair Value24,699 KRW
Upside-7.3%
Quality69/100
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Healthy Growth
Solidly profitable · 14.0% net margin
Low debt · generates free cash flow
0.83% dividend yield
Ranks above peers (8/10)
Moderate moat 47/100
Evidence: High Range 17,273 KRW – 30,349 KRW Share as image

Fair value as of: Jul 22, 2026

From 23 valuation models · updated 18 days ago

Share price +7.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 17,273 KRW (bear) to 30,349 KRW (bull), base 24,699 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

48,300 KRW 6,827 KRW Fair Value 24,699 KRW Mar 2021 Aug 2026

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 6,827 KRW – 48,300 KRW · fair‑value band 17,273 KRW – 30,349 KRW · the 26,650 KRW price screens above the 24,699 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

Sung Kwang Bend Co (014620) currently trades at 26,650 KRW, while our model-based Fair Value estimate is 24,699 KRW, implying the stock looks roughly 7.3% fairly valued today. The Quality Score stands at 69/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, Sung Kwang Bend Co generated revenue of 241B KRW at a net margin of 14.0%. Revenue declined 7.2% year over year. It earns a return on equity of 6.3%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 17,273 KRW (bear case) to 30,349 KRW (bull case); at 26,650 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 50% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -7%, 014620 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 16,117 KRW 21,937 KRW 30,229 KRW 80
Residual Income 16,697 KRW 17,423 KRW 18,277 KRW 76
Rev-Margin DCF 13,927 KRW 19,846 KRW 26,107 KRW 74
All 23 models by family
DCF Models
FCF DCF 15,628 KRW 21,766 KRW 30,848 KRW 38
Owner Earnings 15,946 KRW 22,227 KRW 31,522 KRW 31
5Y Revenue Exit 13,927 KRW 19,677 KRW 26,681 KRW 39
5Y EBITDA Exit 16,450 KRW 24,118 KRW 32,590 KRW 41
5Y P/E Exit 18,415 KRW 27,575 KRW 36,605 KRW 38
10Y Revenue Exit 14,079 KRW 19,383 KRW 25,791 KRW 36
10Y EBITDA Exit 16,031 KRW 22,437 KRW 30,156 KRW 37
10Y P/E Exit 17,282 KRW 24,815 KRW 33,121 KRW 35
Earnings-Based
Graham-Dodd 8,816 KRW 19,269 KRW 24,544 KRW 54
PEG = 1.0 3,040 KRW 4,343 KRW 5,646 KRW 46
EPV 16,320 KRW 18,829 KRW 21,059 KRW 59
Multiples
P/E Multiple 20,420 KRW 27,227 KRW 34,034 KRW 63
P/S Multiple 13,876 KRW 18,501 KRW 23,126 KRW 58
P/B Multiple 16,531 KRW 22,041 KRW 27,551 KRW 55
EV/EBIT 22,244 KRW 28,959 KRW 35,673 KRW 53
EV/EBITDA 19,050 KRW 24,699 KRW 30,349 KRW 54
EV/Revenue 13,757 KRW 18,753 KRW 23,748 KRW 43
Asset-Based
NCAV (Graham) 10,346 KRW 13,863 KRW 20,691 KRW 50
Growth DCF
Growth DCF 16,117 KRW 21,937 KRW 30,229 KRW 80
Rev-Margin DCF 13,927 KRW 19,846 KRW 26,107 KRW 74
Economic Profit
Residual Income 16,697 KRW 17,423 KRW 18,277 KRW 76
ROIC Compounder 16,320 KRW 18,829 KRW 21,301 KRW 72
Growth Earnings
Growth-Adj P/E 15,147 KRW 21,639 KRW 28,130 KRW 68

Widest divergence: DCF Models (22,227 KRW) versus Asset-Based (13,863 KRW). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 241B KRW
Revenue growth (YoY) -7.2%
Net margin 14.0%
Return on equity 6.3%
Free cash flow 32.4B KRW FY2025
Operating margin 11.1%
More key figures
Dividend yield 0.7%
EPS growth (YoY) -8.4%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 24

Profitability 38
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 94
Buybacks instead of dilution

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

Sung Kwang Bend Co.,Ltd. engages in the manufacture and sale of pipe fittings in South Korea and internationally. The company offers elbows, tees, reducers, caps, stub-ends, laterals; and stainless, alloy, and carbon steel products. Sung Kwang Bend Co.,Ltd. was founded in 1963 and is headquartered in Busan, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sung Kwang Bend Co reported revenue of 246B KRW in FY2025 versus 137B KRW in FY2021, a compound +15.7%/yr. Reported net income was 34.4B KRW in FY2025.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
246B KRW
Latest YoY
+7.9%
Avg. growth/yr (3Y)
+0.2%
Avg. growth/yr (5Y)
+6.3%
Avg. growth/yr (22Y)
+5.1%
Revenue +15.7%/yr
FY21 137B KRW
FY22 244B KRW
FY23 255B KRW
FY24 228B KRW
FY25 246B KRW
Net income
FY21 −1.2B KRW
FY22 39.2B KRW
FY23 39.2B KRW
FY24 41.0B KRW
FY25 34.4B KRW

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Cite: Fair Value Calculator (2026). "Sung Kwang Bend Co Fair Value". https://www.fairvalue-calculator.com/stock/014620

Peer Group

Metal Fabrication · 243 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.

Quality Score 69 · Top 25%
Fair Value upside −7% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 4% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth -7% · Bottom 25%
Dividend yield (TTM) 0.8% · Below median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers

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 24 · sector 0
FUTURE 0 · sector 35
PAST 25 · sector 21
HEALTH 100 · sector 95
DIVIDEND 17 · sector 25

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

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

Is Sung Kwang Bend Co (014620) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 24,699 KRW versus a price of 26,650 KRW, about −7% (fairly valued).
What is the fair value of 014620?
Our model-based fair value for Sung Kwang Bend Co is 24,699 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 26,650 KRW.
What is the quality score of 014620?
Sung Kwang Bend Co has a Quality Score of 69/100. 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 revenue of Sung Kwang Bend Co (014620)?
Sung Kwang Bend Co reported trailing-twelve-month revenue of about 241B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 014620?
The net profit margin of Sung Kwang Bend Co is about 14.0%, meaning it keeps roughly 14.0% of revenue as net income. Based on the latest reported figures.
Does Sung Kwang Bend Co pay a dividend?
Sung Kwang Bend Co currently shows a dividend yield of about 0.72% relative to its recent price (as of Jul 22, 2026).

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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