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CAS Corporation (016920) Fair Value & Analysis

Industrials · KR · Market cap 24.8B KRW

CC CAS Corporation 016920 · KQ
Price1,050 KRW
Fair Value1,338 KRW
Upside+27.4%
Quality52/100
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Mixed Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
1.00% dividend yield
Mixed vs. peers (4/10)
Narrow moat 42/100
Evidence: Medium Range 964.66 KRW – 2,271 KRW Share as image

Fair value as of: Jul 20, 2026

From 14 valuation models · updated 21 days ago

Share price +7.9% over the past month.

A solid business, screening 27% undervalued on our models.

What matters now

  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (964.66 KRW to 2,271 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

7,628 KRW 782.00 KRW Fair Value 1,338 KRW Mar 2021 Aug 2026

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 782.00 KRW – 7,628 KRW · fair‑value band 964.66 KRW – 2,271 KRW · the 1,050 KRW price screens below the 1,338 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.

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Analysis

CAS Corporation (016920) currently trades at 1,050 KRW, while our model-based Fair Value estimate is 1,338 KRW, implying the stock looks roughly 27.4% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, CAS Corporation generated revenue of 169B KRW at a net margin of 4.1%. Revenue grew 8.2% year over year. It earns a return on equity of 144.9%. Net debt stands at 51.4B KRW. Fundamentals as of Jul 20, 2026

Our scenario range runs from 964.66 KRW (bear case) to 2,271 KRW (bull case); at 1,050 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 28% 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 -26% fair-value upside, at 27%, 016920 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 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
Highest evidence
Growth DCF 2,123 KRW 2,814 KRW 3,787 KRW 80
Rev-Margin DCF 1,429 KRW 1,893 KRW 2,404 KRW 74
ROIC Compounder 1,069 KRW 1,207 KRW 1,328 KRW 72
All 14 models by family
DCF Models
FCF DCF 2,061 KRW 2,787 KRW 3,855 KRW 38
Owner Earnings 476.87 KRW 571.68 KRW 711.17 KRW 31
5Y Revenue Exit 1,429 KRW 1,861 KRW 2,392 KRW 39
5Y EBITDA Exit 2,447 KRW 3,632 KRW 4,978 KRW 41
10Y Revenue Exit 1,628 KRW 2,050 KRW 2,534 KRW 36
10Y EBITDA Exit 2,284 KRW 3,234 KRW 4,361 KRW 37
Earnings-Based
EPV 1,069 KRW 1,207 KRW 1,328 KRW 59
Multiples
EV/EBIT 1,474 KRW 1,885 KRW 2,297 KRW 53
EV/EBITDA 3,039 KRW 3,972 KRW 4,905 KRW 54
EV/Revenue 1,120 KRW 1,498 KRW 1,875 KRW 43
Asset-Based
NCAV (Graham) 1,586 KRW 2,126 KRW 3,172 KRW 50
Growth DCF
Growth DCF 2,123 KRW 2,814 KRW 3,787 KRW 80
Rev-Margin DCF 1,429 KRW 1,893 KRW 2,404 KRW 74
Economic Profit
ROIC Compounder 1,069 KRW 1,207 KRW 1,328 KRW 72

Widest divergence: Asset-Based (2,126 KRW) versus Earnings-Based (1,207 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 169B KRW
Revenue growth (YoY) +8.2%
Net margin 4.1%
Return on equity 145%
Free cash flow 3.8B KRW FY2025
Operating margin 1.5%
More key figures
Dividend yield 1.0%
EPS growth (YoY) -69.5%
Net debt 51.4B KRW FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 47 · Market factors (momentum, volatility) 32

Profitability 31
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
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

CAS Corporation manufactures and supplies electronic scales in South Korea. The company offers label printing scales, price computing scales, counter scales, basic scales, vacuum/container packing machines, sorters, hand wrappers, sealers, and printer supplies for retail clients.

Full company description

CAS Corporation manufactures and supplies electronic scales in South Korea. The company offers label printing scales, price computing scales, counter scales, basic scales, vacuum/container packing machines, sorters, hand wrappers, sealers, and printer supplies for retail clients. It also provides industrial scales, check weighers/metal detectors, liquid filling machines, auto packaging machines, indicators, weighing components, load cells, printers, and strain gages for industrial clients. In addition, the company offers micro weighing, electronic balance, weighing equipment, and thermal imaging cameras for laboratories; and PC software solutions for retail and industrial clients. Its products are also used in product inspection and logistics applications. The company also exports its products to approximately 100 countries worldwide. CAS Corporation was founded in 1983 and is headquartered in Yangju-si, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CAS Corporation reported revenue of 161B KRW in FY2025 versus 161B KRW in FY2021, a compound +0.1%/yr. Reported net income was −1.7B KRW in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
161B KRW
Latest YoY
+3.2%
Avg. growth/yr (3Y) 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.
−1.5%
Avg. growth/yr (5Y) 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.
+2.9%
Avg. growth/yr (18Y) 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.
+4.5%
Revenue +0.1%/yr
FY21 161B KRW
FY22 168B KRW
FY23 156B KRW
FY24 156B KRW
FY25 161B KRW
Net income
FY21 −2.6B KRW
FY22 2.7B KRW
FY23 1.7B KRW
FY24 1.3B KRW
FY25 −1.7B KRW

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Cite: Fair Value Calculator (2026). "CAS Corporation Fair Value". https://www.fairvalue-calculator.com/stock/016920

Peer Group

Machinery, Tools, Heavy Vehicles, Trains & Ships · 35 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 52 · Below median
Fair Value upside +27% · Above median
Return on equity (TTM) 145% · Below median
Return on assets 1% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 8% · Below median
Dividend yield (TTM) 1.0% · Below median

Valuation Multiples vs Machinery, Tools, Heavy Vehicles, Trains & Ships 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 70 · sector 37
FUTURE 41 · sector 70
PAST 100 · sector 100
HEALTH 100 · sector 99
DIVIDEND 20 · sector 27

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.

Similar stocks

10 more Machinery, Tools, Heavy Vehicles, Trains & Ships stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
NIBE Industrier AB NIBEB CHF 3.05 CHF 2.24 -26%
SPG Co 058610 74,000 KRW 9,187 KRW -88%
BHI Co 083650 48,350 KRW 35,822 KRW -26%
VITZROCELL Co 082920 28,900 KRW 23,575 KRW -18%
Sungho Electronics Corp 043260 17,830 KRW 10,608 KRW -41%
SKF India Limited 500472 ₹1,480 ₹695.28 -53%
Hyulim ROBOT Co 090710 6,040 KRW 715.59 KRW -88%
Tae Kwang Corporation 023160 21,500 KRW 25,470 KRW +18%
522275 522275 ₹4,394 ₹3,006 -32%
Bosung Power Technology Co 006910 6,060 KRW 8,549 KRW +41%

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Frequently asked questions

Is CAS Corporation (016920) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of 1,338 KRW versus a price of 1,050 KRW, about +27% (undervalued).
What is the fair value of 016920?
Our model-based fair value for CAS Corporation is 1,338 KRW (as of Jul 20, 2026), built from audited fundamentals. The current price is 1,050 KRW.
What is the quality score of 016920?
CAS Corporation has a Quality Score of 52/100. 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 CAS Corporation (016920)?
CAS Corporation reported trailing-twelve-month revenue of about 169B KRW (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 016920?
The net profit margin of CAS Corporation is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does CAS Corporation pay a dividend?
CAS Corporation currently shows a dividend yield of about 1.00% relative to its recent price (as of Jul 20, 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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