Sung Kwang Bend Co.Ltd (014620) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Sung Kwang Bend Co.Ltd KRW 20,157, price KRW 30,700, upside -34.3%, quality 69 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 7,262 KRW – 48,300 KRW · fair‑value band 14,638 KRW – 26,785 KRW · the 30,700 KRW price screens above the 20,157 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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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.
Stock analysis
Sung Kwang Bend Co.Ltd (014620) currently trades at 30,700 KRW, while our model-based Fair Value estimate is 20,157 KRW, implying the stock looks roughly 52.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 22,041 KRW per share, and 0 of the 23 models we run sit above the 30,700 KRW price.
Bear case: the Asset-Based group reads lowest at 13,863 KRW, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: 14,638 KRW (bear) to 26,785 KRW (bull), the price of 30,700 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 69/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sung Kwang Bend Co.Ltd 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.
Key figures
Market cap 815B KRW (≈ $571M) · P/S ratio 2.70 · Dividend yield 0.7% · Net margin 14.0% · Return on equity 6.3% · Return on assets (EBIT) 5.2% · Operating margin 11.1% · Revenue (TTM) 241B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −34%, 014620 screens cheaper than that median.
Fair Value models
Bear 14,638 KRWFair Value 20,157 KRWBull 26,785 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.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.9%
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.
+0.2%
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.
+6.3%
Start year 2020 (pandemic). Over 10 years: −0.2% a year
Revenue growth 22 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%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+43.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+42.5%
Dividend (yield on the price)0.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.43% vs 23%, picking up
Profit margin 2020 to 2025 ⓘ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.1% → 17%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +10.1% a year for the price and +8.4% for the forecasts.
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.Metal Fabrication · 259 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−34% · Below median
Profitability
Return on equity (TTM)6% · Above median
Return on assets4% · Above median
Net margin (TTM)14% · Top 25%
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)0.7% · Below median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 35
PAST (return on equity)25· sector 21
HEALTH (low debt)100· sector 95
DIVIDEND (yield)13· sector 25
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). "Sung Kwang Bend Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/014620
Frequently asked questions
Is Sung Kwang Bend Co.Ltd (014620) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20,157 KRW versus a price of 30,700 KRW, about −34% upside (overvalued).
What is the fair value of 014620?
Our model-based fair value for Sung Kwang Bend Co.Ltd is 20,157 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 30,700 KRW.
What is the quality score of 014620?
Sung Kwang Bend Co.Ltd 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 price target for Sung Kwang Bend Co.Ltd (014620)?
Our model-based price target is the fair value of 20,157 KRW (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 14,638 KRW, optimistic scenario 26,785 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Sung Kwang Bend Co.Ltd stock forecast for 2026?
Our models put fair value at 20,157 KRW, about −34% upside versus a price of 30,700 KRW (overvalued). Cautious scenario 14,638 KRW, optimistic scenario 26,785 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Sung Kwang Bend Co.Ltd (014620)?
Sung Kwang Bend Co.Ltd reported trailing-twelve-month revenue of about 241B KRW (latest available figure, as of Sep 24, 2026).
Does Sung Kwang Bend Co.Ltd pay a dividend?
Sung Kwang Bend Co.Ltd currently shows a dividend yield of about 0.65% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sung Kwang Bend Co.Ltd (014620)?
For today's price to be fair in a discounted-cash-flow model, Sung Kwang Bend Co.Ltd would have to grow free cash flow by +12.4 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 014620 use?
Our models discount Sung Kwang Bend Co.Ltd at 10.2 %: a base by market capitalisation (small), damped by beta 0.34, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sung Kwang Bend Co.Ltd that is +12.4 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Sung Kwang Bend Co.Ltd (014620) delivered so far?
Over the past 5 years revenue at Sung Kwang Bend Co.Ltd grew +6.3 % a year. The price currently implies +12.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sung Kwang Bend Co.Ltd (014620) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Sung Kwang Bend Co.Ltd (+12.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sung Kwang Bend Co.Ltd (014620)?
The free-cash-flow yield on the price is 3.98 %: that much free cash flow Sung Kwang Bend Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sung Kwang Bend Co.Ltd (014620)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sung Kwang Bend Co.Ltd it is 20,157 KRW per share (as of Sep 24, 2026), against a price of 30,700 KRW. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Sung Kwang Bend Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 014620 trades above its calculated fair value: price 30,700 KRW, fair value 20,157 KRW, a gap of about −34% (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 014620?
No. The price is what the market pays today (30,700 KRW); the fair value is what the company's own numbers justify (20,157 KRW). For Sung Kwang Bend Co.Ltd the two are 10,543 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Sung Kwang Bend Co.Ltd worth?
The market values Sung Kwang Bend Co.Ltd at about 815B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 30,700 KRW; our models calculate a fair value of 20,157 KRW per share.
What do the bullish and bearish scenarios say about 014620?
Our models span a range for Sung Kwang Bend Co.Ltd: cautious scenario 14,638 KRW, base 20,157 KRW, optimistic 26,785 KRW per share (as of Sep 24, 2026, price 30,700 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sung Kwang Bend Co.Ltd (014620)?
Balance-sheet figures for Sung Kwang Bend Co.Ltd (as of Sep 24, 2026): return on equity 6.3%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is 014620 from its 52-week high?
Sung Kwang Bend Co.Ltd trades at 30,700 KRW, about 36% below its 52-week high of 48,300 KRW and 34% above the low of 22,950 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 20,157 KRW is for.
Which stocks are comparable to Sung Kwang Bend Co.Ltd?
From the same area (Industrials) we also value Carpenter Technology Corporation, ATI Inc, Mueller Industries, Inc, Aurubis AG, 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 Sung Kwang Bend Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 30,700 KRW, calculated fair value 20,157 KRW (−34%), Quality Score 69/100, from 23 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 014620 calculated?
We run Sung Kwang Bend Co.Ltd through 23 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 20,157 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. Sung Kwang Bend 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 Sung Kwang Bend Co.Ltd (014620)?
The closing price on Sep 23, 2026 was 30,700 KRW. Our model-based fair value is 20,157 KRW, about −34% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sung Kwang Bend Co.Ltd right now?
The price sits above even our optimistic bull case (26,785 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (14,638 KRW to 26,785 KRW) leaves room in how you read the outcome.
Key figures of Sung Kwang Bend Co.Ltd
How large is the market capitalisation of Sung Kwang Bend Co.Ltd (014620)?
The market capitalisation of Sung Kwang Bend Co.Ltd is 815B KRW (≈ $571M). 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 Sung Kwang Bend Co.Ltd (014620)?
The price-to-sales ratio of Sung Kwang Bend Co.Ltd is 2.70 (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 Sung Kwang Bend Co.Ltd (014620)?
The dividend yield of Sung Kwang Bend Co.Ltd is 0.7%. 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 Sung Kwang Bend Co.Ltd (014620)?
The net margin of Sung Kwang Bend Co.Ltd is 14.0% (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 Sung Kwang Bend Co.Ltd (014620)?
The return on equity (ROE) of Sung Kwang Bend Co.Ltd is 6.3% (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 Sung Kwang Bend Co.Ltd (014620)?
On an EBIT basis the return on assets of Sung Kwang Bend Co.Ltd is 5.2% (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 Sung Kwang Bend Co.Ltd (014620)?
The operating margin of Sung Kwang Bend Co.Ltd is 11.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sung Kwang Bend Co.Ltd (014620)?
Revenue at Sung Kwang Bend Co.Ltd is growing −7.2% versus a year earlier (3y avg +0.2%). 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 Sung Kwang Bend Co.Ltd (014620)?
Earnings per share at Sung Kwang Bend Co.Ltd are growing −8.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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